Sector Update: Consumer

By Staff,

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Consumer stocks are mixed today with shares of consumer staples companies in the S&P 500 trading 0.2% lower. Shares of consumer discretionary firms in the S&P 500 are up nearly 0.4%.

In company news, American Airlines ( AAL ) is experiencing little turbulence in late trade, with shares climbing 2.6% higher and the air carrier announcing plans for a $256-million private placement of American Airlines Inc pass-through certificates.

The series 2013-2C certificates generally will be junior to the previous series of pass-through certificates issued in July as well as the company's series 2013-2B certificates issued Nov. 27.

The certificates will represent an interest in the assets of a pass-through trust holding certain equipment notes expected to be issued by the airline and will be secured by 65 of its Boeing ( BA ) jets.

In other sector news,

(+) ZQK, Shares rise despite surprise $0.04 per share Q4 net loss, excluding one-time and special items, reversing the $0.04 profit Wall Street expected. Revenue declines 10.1% year over year to $476 mln, trailing Capital IQ consensus by $30.68 mln.

(-) RH, luxury home-furnishings retailer says co-chief executive Carlos Albernini is leaving to run Lucky Brands, effective Jan. 31, 2014, pending its acquisition by Leonard Green & Partners LP.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: AAL , BA

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