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.

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This article appears in: Business , Commodities
Referenced Symbols: MDCA , KIRK , HTHT , WMT , MCD

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