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Consumer Sector Update for 05/16/2019: FTCH, WMT, BABA, MCD, DIS, CVS, KO


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Top Consumer Stocks:

WMT: +3.35%

MCD: +0.32%

DIS: +0.46%

CVS: +0.30%

KO: +0.28%

Consumer majors were gaining in Thursday's pre-bell trading.

Stocks moving on news include:

(-) Farfetch ( FTCH ), which was declining by more than 5% after reporting a Q1 adjusted net loss of $0.22 per share, wider than the year-earlier net loss of $0.18 per share and the net loss consensus estimate of $0.15 compiled by Capital IQ.

(+) Walmart ( WMT ) was advancing by more than 3% as it booked Q1 adjusted per-share earnings of $1.13, down from last year's $1.14 but above consensus for $1.02 from analysts polled by Capital IQ.

In other sector news:

(+) Alibaba ( BABA ) shareholder Appaloosa has acquired an additional 1 million common shares in the e-commerce giant, according to media reports. Alibaba was slightly higher after the news.

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: FTCH , WMT , BABA , MCD , DIS




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