Consumer Sector Update for 02/09/2018: MBUU,NWL,EXPE

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Top Consumer Stocks

WMT -2.58%

MCD -1.78%

DIS -0.82%

CVS -4.03%

KO -1.53%

Consumer stocks were broadly lower Friday, with shares of consumer staples companies in the S&P 500 declining over 1.0% this afternoon while shares of consumer discretionary firms in the S&P 500 were sinking over 2.5%.

Among consumer stocks moving on news:

+ Malibu Boats ( MBUU ) rallied Friday, climbing over 13% to a session high of $33.44 a share, after the sports boat manufacturer of performance sport boats, reported improved fiscal Q2 financial results, also beating the Capital IQ consensus. Excluding one-time items, the company earned $0.53 per share during the three months ended Dec. 31, up from $0.38 per share during the same period last year and topping the $0.47 per share analyst mean. Net sales rose to $114.4 million from $67.7 million last year, also surpassing the analysts' averaged forecast looking for $108.8 million in revenue.

In other sector news:

- Newell Brands ( NWL ) has turned lower Friday afternoon, reversing a nearly 3% climb earlier after the housewares company confirmed it is target in a proxy fight with activist investors Starboard Value, which is seeking to run an alternative slate of 10 prospective board members. Starboard also has joined with three former Jarden executives - which Newell bought almost two years ago - in a bid to also oust CEO Michael Polk.

- Expedia ( EXPE ) plunged as much as 18%, falling to within 13 cents of its 52-week low of $100.62 a share, after posting adjusted Q4 EPS of $0.84, lagging the $1.15 per share consensus call. Revenue increased 11% year over year to $2.32 billion, also narrowly missing the $2.35 billion Street view.

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: MBUU , NWL , EXPE

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