Consumer Sector Update for 01/17/2019: FOSL,GOOG,GOOGL,PPG,ADM,SIG

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Top Consumer Stocks

WMT +0.40%

MCD +0.75%

DIS -0.11%

CVS -0.34%

KO +0.25%

Consumer stocks were extending their earlier gains, with shares of consumer staples companies in the S&P 500 climbing over 0.4% this afternoon while shares of consumer discretionary firms in the S&P 500 were ahead just nearly 0.7%.

Among consumer stocks moving on news:

(+) Fossil Group ( FOSL ) was nearly 4% higher in late Thursday trading after the high-end footwear and assessories company said it was selling its smartwatch technology to Google (GOOG,GOOGL) for $40 million. The transaction is expected to close before the end of January.

In other sector news:

(+) PPG Industries ( PPG ) was up about 4.5% on Thursday after the paint company reported adjusted Q4 net income of $1.15 per share, down from $1.19 during the same period last year and topping the Capital IQ by $0.05 per share.

(+) Archer-Daniels-Midland ( ADM ) was fractionally higher Thursday after unveiling plans to buy the other half of Gleadell Agriculture it doesn't already own and its Dunns subsidiary from InVivo Therapeutics ( NVIV ) for an undisclosed amount.

(-) Signet Jewelers ( SIG ) dropped to a nearly 10-year low on Thursday, falling 25%, after reporting a 1.3% decline in same-store sales during the nine weeks ended Jan. 5 compared with the same period in 2017.

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: FOSL , PPG , ADM , NVIV , SIG

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