Consumer Sector Update for 02/11/2019: QSR, TSLA, TTM, WMT, MCD, DIS, CVS, KO

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Top Consumer Stocks:

WMT: -0.08%

MCD: Flat

DIS: +0.17%

CVS: +0.29%

KO: +0.10%

Consumer stocks were mixed in Monday's pre-bell trading.

Stocks moving on news include:

(+) Restaurant Brands International ( QSR ), which was up over 3% as i t report ed Q4 adjusted earnings of $0.68 (CAD0.90) per share, up from $0.66 in the same period a year ago and topping the estimate of $0.67 from analysts polled by Capital IQ.

(+) Tesla ( TSLA ) was 2% higher even as Reuters reporter that the company's decision to trim its overall full-time staff by 7% last month has greatly diminished the division that oversees the delivery of its flagship Model 3 electric sedans to North American customers.

(+) Tata Motors ( TTM ) was climbing by more than 2% after Bloomberg News wrote that the company's Jaguar Land Rover is considering alternative financing options as it seeks to replace maturing bonds within 14 months. Jaguar Land Rover, still feeling the effects of a $4 billion write-down, reported Thursday a 35% decline in China auto sales in the nine months to December 2018.

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: QSR , TSLA , TTM , WMT , MCD

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