Sector Update: Consumer

By
A A A

Consumer stocks are moderately higher, with shares of consumer staple companies in the S&P 500 climbing 0.3% while shares of consumer discretionary stocks in the S&P are advancing 0.5%.

In company news, Coty Inc ( COTY ) is down nearly 7% at $15.15 a share, just 3 cents above its new 52-week low that followed the beauty-products company's reporting fiscal Q4 earnings of $0.03 per share, beating estimates by $0.01.

Revenue also came in slightly above consensus, but COTY said it sees revenue in the current quarter slipping marginally compared to a year ago on top of a slow-down in market share in the U.S. and Europe over the past few months.

In other sector news,

(+) DAL, (+0.2%) JPMorgan Chase raises the airline to Overweight from Neutral, noting increasing margins.

(-) CAG, (-0.9%) JPMorgan Chase cuts its rating on the food producer's shares to Neutral from Overweight, one day after the company sold its Lightlife meatless product line.



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: COTY

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Living the Life of Pie
Living the Life of Pie              

Stocks

Referenced

100%

Most Active by Volume

57,152,787
  • $62.20 ▼ 2.71%
28,978,213
  • $15.4755 ▼ 0.80%
20,885,197
  • $64.63 ▼ 0.52%
18,693,097
  • $3.365 ▲ 0.45%
16,823,391
  • $94.43 ▼ 1.01%
14,626,858
  • $32.71 ▲ 0.15%
14,145,365
  • $94.54 ▼ 0.44%
14,067,590
  • $4.301 ▲ 1.68%
As of 7/10/2014, 11:22 AM