Consumer Sector Update for 06/10/2019: SFLY, APO, GME, THO, WMT, MCD, DIS, CVS, KO

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Top Consumer Stocks:

WMT: +0.33%

MCD: +0.25%

DIS: +0.84%

CVS: +0.43%

KO: +0.1%

Consumer heavyweights were gaining in pre-bell trading Monday.

Early movers include:

(+) Shutterfly ( SFLY ), which was more than 6% higher as Reuters reported that Apollo Global Management ( APO ) has placed the highest offer for Shutterfly, making it the top contender for the digital imaging company. The deal would value Shutterfly at approximately $2 billion, excluding its debt of more than $900 million, sources said.

(+) Gamestop ( GME ) was rallying more than 6% after saying it is planning to launch a "modified Dutch auction" tender offer to buy up to 12 million of its Class A common shares, par value $0.001 per share, at a purchase price of not more than $6.00 but not less than $5.20 per share.

In other sector news:

(+) Thor Industries ( THO ) was up more than 1% as i t report ed fiscal Q3 net income of $0.59 per diluted share compared with $2.53 per diluted share in the prior-year period. The result missed the Capital IQ EPS consensus estimate of $1.57, computed on a GAAP basis.

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: SFLY , APO , GME , THO , WMT

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