Consumer Sector Update for 04/12/2019: DLPH,DIS,NFLX,GRUB,UBER

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Top Consumer Stocks

WMT +0.87%

MCD +1.38%

DIS +9.73%

CVS +0.21%

KO +0.04%

Consumer stocks were broadly higher, with shares of consumer staples companies in the S&P 500 climbing just over 0.1% this afternoon while shares of consumer discretionary firms in the S&P 500 were ahead almost 0.7%.

Among consumer stocks moving on news:

(+) Delphi Technologies ( DLPH ) was advancing Friday, climbing over 5% in recent trade, after BofA-Merrill Lynch raised its stock rating for the auto parts manufacturer to buy compared with its previous neutral call.

In other sector news:

(+) Walt Disney ( DIS ) rose over 12% to a best-ever $130.90 a share after Friday saying its ad-free Disney+ streaming service will launch on Nov. 12 in the US at $6.99 per month. It will feature Disney, Pixar, Marvel, Star Wars, and National Geographic offerings and will be available on connected TV and mobile devices. Rival service Netflix ( NFLX ) shares were down almost 4% this afternoon.

(-) GrubHub ( GRUB ) fell more than 5.6% on Friday after Wedbush lowered its price target for food ordering and delivery service by $30 to $100 a share "to better reflect the continued changes in (its) competitive dynamics" from fast-growing rivals like Uber Eats, which makes deliveries from 220,000 restaurants worldwide compared with GrubHub's 105,000 restaurant partners.

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: DLPH , DIS , NFLX , GRUB

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