Sector Update: Consumer

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Consumer stocks were higher this afternoon with shares of consumer staples companies in the S&P 500 climbing about 0.1%. Shares of consumer discretionary firms in the S&P 500 were up about 0.7%.

In company news, Delta Air Lines ( DAL ) was falling Monday despite reporting positive growth in a key revenue metric last month and projecting continued growth during the current quarter.

The airline said passenger revenue per available seat mile rose 3.0% during July over year-ago levels. It also sees the same measurement climbing between 2% to 4% year over year during the quarter ending in September.

Overall, DAL passengers flew 19.97 billion miles last month, with domestic travel rising 4.7% over July 2013 levels. International travel climbed just 0.3% last month, it said.

DAL shares were down about 1.5% at $37.02 in afternoon trade, giving up an early 1% gain followed by a slide to a session low of $36.45 a share. The stock has traded in a 52-week range of $18.53 to $42.66 a share, advancing nearly 70% over the past 12 months.

In other sector news,

(+) TSRYY, (+4.6%) KKR ( KKR ) and Rhone Capital boost non-binding buyout offer by 50 cents to $5.20 per share in cash.

(-) KORS, (-6.7%) Fiscal Q2 EPS outlook trails estimates by at least $0.02 per share. Revenue guidance lags Street by at least $580,000. Q1 EPS beats by $0.10, revenue also tops Street. Raises FY15 EPS guidance by $0.15, topping estimates by at least $0.04.



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This article appears in: Investing , Commodities

Referenced Stocks: DAL , KKR

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