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


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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.

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



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