Consumer stocks are mostly lower today with shares of consumer
staples companies in the S&P 500 slipping while shares of
consumer discretionary firms in the S&P 500 are down around
In company news, CarMax Inc (
) is ending lower today, with shares sliding about 1.2% to $50.60
apiece and the company today saying it will be hiring over 1,000
new employees across the country, with the majority of job openings
in the company's service operations such as detailers and
experienced technicians as well as in sales positions.
In other sector news,
(+) FDO, New Credit Suisse research note speculates the discount
retailer may be bought out by rival Dollar General (
), saying a deal would make "compelling strategic sense." DG shares
also are higher today.
(-) FMX, Mexican soft-drink bottler says its FEMSA Comercio
retail subsidiary has acquired an 80% investment stake in Dona
Tota, a quick-service restaurant operator with 204 units across
Mexico and 11 units in the U.S.
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