Sector Update: Consumer

By
A A A

Consumer stocks were narrowly mixed late Monday, with shares of consumer staples companies in the S&P 500 declining about 0.1% while shares of consumer discretionary firms in the S&P 500 reversed small losses earlier Monday to trade 0.2% higher near the close.

In company news, J.C. Penny ( JCP ) shares advanced Monday amid strong options activity for the department-store retailer, including a big jump for $8 calls expiring May 30.

The $8 May calls (JCP140530C00008000) surged 67.4% to 77 cents each, rising 27 cents. It is not certain whether the rally reflects a bid to cover a covered call strategy or merely follows a rise for JCP shares in equity trade, according to John Dobosz, a staff writer at Forbes magazine.

JCP shares have seen wide swings this month, rising as much as 9.9% Monday and reaching $8.24 each, rebounding from an intra-day low of $7.04 last Tuesday after pushing past $9 a share as recently as April 7.

The stock was up nearly 9% at $8.17 a share in recent trade, rising 67 cents. It has a 52-week range of $4.90 to $19.63 a share, sliding 47% in value over the past 12 months.

In other sector news,

(+) HAS, Toymaker returns to Q1 profitability, carried by a 21% rise in the sales of girls' toys. EPS of $0.24 per share beats FactSet consensus by $0.14 per share. Revenue edged up 2% to $679.5 million, missing estimates by $10.6 mln.

(-) KMB, Trims early 3% decline after posting Q1 adjusted earnings of $1.48 per share, beating Capital IQ consensus by $0.01. Revenue fall 0.8% year over year to $5.28 bln, roughly in-line with $5.32 bln consensus.



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.

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


This article appears in: Investing , Commodities

Referenced Stocks: JCP

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

60%

Most Active by Volume

112,131,130
  • $74.98 ▲ 5.18%
57,963,905
  • $8.32 ▲ 8.33%
48,392,602
  • $3.45 ▼ 0.29%
45,276,527
  • $36.17 ▲ 4.21%
44,800,927
  • $17.84 ▲ 0.34%
44,539,649
  • $97.03 ▼ 0.16%
44,078,180
  • $15.62 ▲ 0.64%
43,461,551
  • $35.50 ▼ 1.06%
As of 7/24/2014, 04:04 PM