Sector Update: Consumer

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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 The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: AAL , BA

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