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Consumer Sector Update for 06/25/2019: ROKU,AMZN,TRWH,PYX,UN,UL


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Top Consumer Stocks

WMT -0.52%

MCD +0.86%

DIS +0.68%

CVS +1.13%

KO +0.02%

Consumer stocks were ending broadly lower, with shares of consumer staples companies in the S&P 500 rising almost 0.1% this afternoon, reversing a small prior decline, while shares of consumer discretionary firms in the S&P 500 were falling over 0.9%.

Among consumer stocks moving on news:

(-) Roku ( ROKU ) dropped 7% on Tuesday after Amazon ( AMZN ) introduced three new smart televisions to its Fire TV Edition collection, stepping up its competition with Roku's streaming video services and devices. The new TV sets are produced by Toshiba and bring high-dynamic-range imaging support to the product line for the first time, according to Ars Technica.

In other sector news:

(+) Pyxus International ( PYX ) climbed as much as 35.5% on Tuesday after Imperial Capital started coverage of the tobacco company with an outperform rating and a $71 price target.

(+) Twin River Worldwide Holdings ( TRWH ) was 4% higher shortly before Tuesday's closing bell after the casino company launched a $75 million, modified Dutch auction tender offer for its common shares priced between $29.50 to $33 apiece in increments of $0.25 per share. The tender offers runs through July 24, unless extended or terminated early by the company.

(-) Unilever (UN,UL) was fractionally lower on plans the consumer products conglomerate will close its ice cream factory in the Las Vegas suburb of Henderson, Nev., by the end of August, according to published reports. About 300 employees will lose their jobs as production is relocated to other parts of the US, according to reports.

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: ROKU , AMZN , PYX , TRWH , UN



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