Consumer Sector Update for 01/09/2019: XSPA, STZ, LEN, WMT, MCD, DIS, CVS, KO

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Top Consumer Stocks:

WMT: +0.10%

MCD: Flat

DIS: +0.30%

CVS: +0.39%

KO: -0.17%

Most consumer stocks were edging higher pre-market Wednesday.

Stocks moving on news include:

(+) XpresSpa Group ( XSPA ), which was surging more than 27% after sleep and relaxation app Calm completed its strategic investment in the company for the full amount of $3 million in preferred equity, convertible at $0.62 per share.

(-) Constellation Brands ( STZ ) was down more than 12% after it provided downbea t earnings guidance for its current fiscal year. The company anticipates adjusted EPS to be in the range of $9.20 to $9.30 for FY19 ending in February. Wall Street was looking for $9.43, according to Capital IQ data.

In other sector news:

(+) Lennar ( LEN ) was slightly higher after i t report ed better-than-expected Q4 earnings and revenue that matched analysts' estimates. Lennar posted adjusted earnings of $1.96 per share, excluding one-time items, compared with $1.29 per share a year ago. Analysts polled by Capital IQ were expecting EPS of $1.95.

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: XSPA , STZ , LEN , WMT , MCD

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