Quantcast

Consumer Sector Update for 04/13/2018: HMNA,SEAS,ALK,TSLA


Shutterstock photo

Top Consumer Stocks

WMT +0.64%

MCD +0.02%

DIS +0.02%

CVS -1.05%

KO +0.91%

Consumer stocks were ending mixed today, with shares of consumer staples companies in the S&P 500 still showing a more than 0.3% gain this afternoon while shares of consumer discretionary firms in the S&P 500 were declining over 0.6%.

Among consumer stocks moving on news:

+ Helios and Matheson Analytics ( HMNY ) was nearly 6% in late Friday trading after saying its majority-owned MoviePass motion-picture subscription service will collaborate with the iHeartRadio streaming radio service to offer three-month subscriptions to both platforms. New subscribers will receive a limited MoviePass membership to see four 2-D movies a month for three months along with an extended three-month free trial of the iHeartRadio's All Access on-demand feature for $29.95.

In other sector news:

+ Alaska Air Group ( ALK ) keeps banking higher on Friday, with the owner-operator of Alaska Air, Virgin America and Horizon Air reporting a 6.5% increase revenue passenger miles during March along with a 7.2% increase in capacity compared with March 2017 levels. Its March load factor fell 0.5 percentage points to 84.9%.

+ Tesla ( TSLA ) climbed over 3% on Friday after CEO Elon Musk told the Economist magazine he expects the electric auto-maker will turn a profit during the second half of its current fiscal year. Musk also said in a Twitter message that the company will be cash-flow positive in Q3 and Q4, adding it won't need to raise additional money this there. His tweet followed an Economist Twitter post citing the Jefferies & Co. brokerage for the comment that Telsa will need to raise between $2.5 billion to $3 billion this year.

+ SeaWorld Entertainment ( SEAS ) was ahead almost 4% Friday afternoon despite saying it received a Wells notice from federal regulators recommending the theme-park chain be hit with a civil enforcement or an administrative proceeding over certain public statements it made its response to a documentary movie that criticized the company over its treatment of killer whales. The company said the April 6 Wells notice was not a formal allegation or a finding of wrongdoing, adding it will soon to formally respond to the latest incident as well as continuing to cooperate with the probe.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.



This article appears in: Business , Commodities
Referenced Symbols: HMNY , ALK , TSLA , SEAS



More from MT Newswires

Subscribe






MT Newswires
Contributor:

MT Newswires

Market News, Commodities










Research Brokers before you trade

Want to trade FX?