Consumer Sector Update for 02/12/2019: COTY, OMC, TAP, WMT, MCD, DIS, CVS, KO

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Top Consumer Stocks:

WMT: +0.67%

MCD: +0.69%

DIS: +0.61%

CVS: +0.61%

KO: +0.12%

Consumer stocks were trading higher pre-bell Tuesday.

Stocks moving on news include:

(+) Coty ( COTY ), which was up over 17% as global investment firm JAB tabled a tender offer pursuant to which JAB Cosmetics B.V. would acquire up to 150 million additional shares of Coty's Class A common stock at a price of $11.65 per share in cash.

(+) Omnicom Group ( OMC ) was gaining more than 7% in value after i t report ed Q4 earnings of $1.77 per share, up from $1.09 in the same period a year ago and topping the estimate of $1.66 from analysts polled by Capital IQ.

(-) Molson Coors Brewing ( TAP ) was down more than 7% as it booked Q4 adjusted earnings of $0.84 per diluted share, up from a restated $0.62 per share a year ago. That result was above the $0.79 average estimate from analysts polled by Capital IQ.

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: COTY , OMC , TAP , WMT , MCD

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