Quantcast

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


Shutterstock photo

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.

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



This article appears in: Business , Commodities
Referenced Symbols: XLP , XLY , TSCO , TSLA , WPP



More from MT Newswires

Subscribe






MT Newswires
Contributor:

MT Newswires

Market News, Commodities










Research Brokers before you trade

Want to trade FX?