Top Consumer Stocks
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.