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Consumer Sector Update for 03/15/2019: MDCA, KIRK, HTHT, WMT, MCD, DIS, CVS, KO


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Top Consumer Stocks:

WMT: +0.29%

MCD: +0.26%

DIS: +0.20%

CVS: +0.57%

KO: +0.39%

Consumer majors trade higher pre-market Friday.

Stocks moving on news includeL

(+) MDC Partners ( MDCA ), which was surging by more than 24% as the marketing and communications company said it has entered into a funding agreement with The Stagwell Group. The private equity firm has invested $100 million through the purchase of $50 million in common shares and $50 million in non-voting convertible preference shares.

(-) Kirkland's ( KIRK ) was down 13% as i t report ed fiscal Q4 earnings of $0.95 per diluted share, up from $0.79 in the comparable period a year ago. That beat the estimate of $0.92 from three analysts polled by Capital IQ.

(+) Huazhu Group ( HTHT ) was advancing by over 7% on the back of improved results for Q4, while providing guidance for 2019. Adjusted diluted EPS was RMB1.23 ($0.17), up sharply from RMB0.75 for the same period last year.

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: MDCA , KIRK , HTHT , WMT , MCD




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