Consumer stocks are narrowly mixed in late afternoon trading
with shares of consumer staples companies in the S&P 500
climbing less than 0.1%. Shares of consumer discretionary firms in
the S&P 500 are down less than 0.1%.
In company news, Shares of The E.W. Scripps Company (
) are up 1.3% at $18.59 each, looking to finish about 25 cents off
their best levels of the day after the Benchmark Co. increased its
price target for the broadcaster and newspaper publisher by $4 to
$22 a share.
Benchmark maintained its Buy recommendation for the the
E. W. Scripps operates in segments including television,
newspapers, print advertising, digital advertising, and
In other sector news,
(+) JOSB, Drops its hostile takeover bid for Men's Wearhouse (
), prompting MW's largest individual shareholder to launch a proxy
fight to oust the current MW board and force a deal. MW shares also
(-) SUMR, Q3 net loss of $0.07 improves on 3.63 per share loss
last year but still trails analyst estimates expecting $0.02 per
share profit. Revenue declines 21.1% year over year to $50.5 mln,
missing by $7.57 mln. Announces more job cuts.
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