Consumer Sector Update for 10/25/2018: TSCO, TSLA, WPP, BUD, WMT, MCD, DIS, CVS, KO

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Top Consumer Stocks:

WMT: +1.44%

MCD: -0.43%

DIS: +1.84

CVS: +1.17%

KO: -0.58%

Consumer stocks were mixed in recent trading, with shares of consumer staples companies in the S&P 500 ( XLP ) flat this afternoon while shares of consumer discretionary firms in the S&P 500 ( XLY ) were climbing more than 2.5%.

Stocks moving on news include:

(+) Tractor Supply ( TSCO ) was 7% higher after the company said Q3 earnings were $0.95 per share, up from $0.72 per share in the year-ago quarter. That result beat the $0.87 Street estimate provided by CapIQ.

In other sector news:

(+) Tesla ( TSLA ) was advancing 7% after the Silicon Valley-based electric car-maker posted better-than-expected sales and earnings in Q3, which were buoyed by strong demand for its flagship Model 3 automobile.

(-) WPP ( WPP ) slumped more than 16% after the company reported sales fell by 0.8% in Q3 to GBP3.76 billion ($4.85 billion), reflecting a further weakening of its businesses in North America as well as forex headwinds of 2%. Two analysts polled by Capital IQ expected Q3 sales of GBP3.44 billion.

(-) Anheuser-Busch InBev (BUD) was down more than 9% after the company said its Q3 normalized earnings dropped to $0.82 per share from $1.31 last year, missing the $1.15 Street estimate.

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: XLP , XLY , TSCO , TSLA , WPP

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