Consumer Sector Update for 01/09/2019: SIRI,XSPA,STZ

Shutterstock photo

Top Consumer Stocks

WMT +0.21%

MCD -0.11%

DIS +0.84%

CVS -3.09%

KO -1.98%

Consumer stocks were broadly mixed, with shares of consumer staples companies in the S&P 500 falling 0.6% this afternoon, while shares of consumer discretionary firms in the S&P 500 were ahead almost 0.8%.

Among consumer stocks moving on news:

(-) Sirius XM Holdings ( SIRI ) was down 5% in Wednesday trading after the satellite radio company said it expects about $6.1 billion in FY19 revenue, compared with the Street forecast looking for $6.07 billion.

In other sector news:

(+) XpresSpa Group ( XSPA ) surged as much as 33% higher on Wednesday after sleep and relaxation app Calm completed its $3 million strategic investment in the health and wellness company for the full amount. The preferred shares are convertible into XpresSpa common shares at $0.62 apiece.

(-) Constellation Brands ( STZ ) dropped almost 12% after the beer, wine, and spirits company issued FY19 earnings guidance trailing analyst estimates. It sees EPS on a comparable basis for the 12 months ending Feb. 28 in a range of $9.20 to $9.30 per share, lagging the Capital IQ consensus.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Business , Commodities
Referenced Symbols: SIRI , XSPA , STZ

More from MT Newswires


MT Newswires

MT Newswires

Market News, Commodities

Research Brokers before you trade

Want to trade FX?