Consumer Sector Update for 05/17/2019: WTRH,UA,UAA,DE

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Top Consumer Stocks

WMT -0.25%

MCD -0.23%

DIS +0.01%

CVS +1.51%

KO -0.40%

Consumer stocks still were narrowly higher this afternoon, with shares of consumer staples companies in the S&P 500 climbing nearly less than 0.1% while shares of consumer discretionary firms in the S&P 500 also were ahead almost 0.1%.

Among consumer stocks moving on news:

(+) Waitr Holdings ( WTRH ) was more than 2% higher in recent trade, reversing a nearly 4% decline soon after the opening bell. The online food-delivery service Friday priced a $50 million public offering of 6.76 million shares of its common stock at $7.40 each, representing a 5.2% discount to Thursday's closing price.

In other sector news:

(+) Under Armour (UA,UAA) was up almost 7% after JPMorgan raised its investment recommendation on the athletic wear company to overweight from neutral and also increased its price target for the company's shares by $6 to $29 apiece.

(-) Deere & Company ( DE ) declined over 6% on Friday after the lawn and farm equipment company lowered its FY19 sales forecast and also reported Q1 net income trailing Wall Street expectations. It is now projecting a 5% revenue increase over FY18 levels, down from its prior guidance expecting 7% growth.

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: WTRH , DE , UA , UAA

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