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


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Top Consumer Stocks

WMT +0.07%

MCD +0.13%

DIS -0.42%

CVS -0.31%

KO +0.11%

Consumer stocks were edging higher, with shares of consumer staples companies in the S&P 500 climbing almost 0.2% this afternoon, while shares of consumer discretionary firms in the S&P 500 were ahead just over 0.2%.

Among consumer stocks moving on news:

(+) PPG Industries ( PPG ) was up about 4% 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.

In other sector news:

(-) Archer-Daniels-Midland ( ADM ) was fractionally lower 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 24%, 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: PPG , ADM , NVIV , SIG



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