Consumer Sector Update for 02/13/2019: VNE,IPG,HLT,YGYI

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Top Consumer Stocks

WMT +0.95%

MCD +0.26%

DIS +0.96%

CVS +1.55%

KO +0.07%

Consumer stocks were extending their mid-day gains, with shares of consumer staples companies in the S&P 500 climbing just over 0.2% this afternoon while shares of consumer discretionary firms in the S&P 500 were ahead slightly more than 0.8%.

Among consumer stocks moving on news:

(-) Veoneer ( VNE ) declined Wednesday, falling about 4%, after the auto parts manufacturer reported a 10% drop in Q4 net sales compared with the year-ago period, falling to $535 million during the three months ended Dec. 31 but still topping the $528.2 million analyst mean. The company also is expecting its FY19 net sales to stay flat or slip slightly from the prior-year period.

In other sector news:

(+) Youngevity International ( YGYI ) raced over 9% higher after the nutritional products company said it sold 250,000 shares of its common stock and a three-year warrant to an existing shareholder at $7 apiece, marking a 3.7% discount to Tuesday's closing price for the stock. Youngevity Wednesday also announced plans to acquire the maker of hemp-based CBD extraction equipment.

(+) Hilton Worldwide Holdings ( HLT ) was 6% higher on Wednesday after the hospitality chain reported non-GAAP Q4 net income of $0.79 per share, improving on a $0.53 per share in adjusted net income during the year-ago period and beating the Street view by $0.10 per share.

(+) Interpublic Group ( IPG ) climbed almost 4% after the advertising shop Wednesday reported above-consensus Q4 net income and revenue, earning $0.89 per share during the three months ended Dec. 31. Analysts, on average, had been looking for a $0.79 per share Q4 profit.

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: VNE , YGYI , HLT , IPG

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