Consumer Sector Update for 07/11/2019: BBBY, WBA, CVS, BUD, WMT, MCD, DIS, KO

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Top Consumer Stocks:

WMT: +0.32%

MCD: +0.26%

DIS: +0.39%

CVS: +6.37%

KO: +0.12%

Top consumer stocks were advancing pre-market Thursday.

Stocks moving on news include:

(-) Bed Bath & Beyond ( BBBY ), which was down 5% as its adjusted EPS dropped to $0.12 in Q1 from $0.38 a year earlier, but still outpacing analysts' estimates of $0.08 per share in a Capital IQ survey. Revenue fell to $2.57 billion from $2.75 billion a year ago, just shy of the $2.58 billion estimate.

(+) CVS Health ( CVS ) was up more than 6% and Walgreens ( WBA ) was rallying by more than 2% after Politico reported the Trump administration has killed its plan to eliminate rebates in government drug coverage.

In other sector news:

(-) Budweiser Brewing Company APAC, the Asia-Pacific business of beer giant Anheuser-Busch InBev ( BUD ), has guided potential investors toward the lower end of the pricing range for its up to $9.8 billion initial public offering in Hong Kong, Reuters reported, citing sources. Anheuser-Busch InBev was recently 1% lower.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Business , Commodities
Referenced Symbols: BBBY , CVS , WBA , BUD , WMT

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