Sector Update: Shares Flat Pre-Market; Campbell Soup Reaffirms Guidance


Top Consumer Shares:

WMT: flat

MCD: flat

DIS: flat

CVS: flat

KO: flat

GE: -0.57%

Consumer shares were flat in pre-market trade Monday.

In consumer stocks news, Campbell Soup Co. ( CPB ) has reaffirmed its full-year guidance for fiscal 2014 of growth of 3% in net sales and for adjusted EPS growth at the low end of the 2 to 4% range, but says its 2015 sales may fall short of long-term goals.

CPB shares were steady at $43.95 in pre-market trade.

And, Yum! Brands ( YUM ) is lower in pre-market trade after both it and McDonald's ( MCD ) said they suspended meat purchases in China from a Shanghai-based firm. The companies' reported on their China-based microblogs that they stopped using the supplier amid food safety concerns.

MCD shares were down 1% at $98 in pre-market trade.

Finally, Twenty-First Century Fox ( FOXA ) is considering selling Italian and German pay TV assets, Sky Italia and Sky Deutschland AG, to be able to fund a higher bid for Time Warner ( TWX ), Bloomberg reported, citing two unnamed people with knowledge of the matter.

FOXA was off slightly in pre-market trade; TWX was up 1.1% at $88.20.

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 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

Referenced Stocks: CPB , YUM , MCD , FOXA , TWX

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