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Consumer Sector Update for 10/26/2018: CMG,DECK,AMZN


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Top Consumer Stocks

WMT -0.64%

MCD -1.22%

DIS -0.36%

CVS -0.11%

KO -1.81%

Consumer stocks were significantly lower, with shares of consumer staples companies in the S&P 500 sinking 1.4% this afternoon while shares of consumer discretionary firms in the S&P 500 falling 2.7%.

Among consumer stocks moving on news:

(+) Chipotle Mexican Grill ( CMG ) rose 2% Friday afternoon and overcoming an earlier decline, after breezing past Wall Street expectations with its adjusted Q3 earnings.

In other sector news:

(+) Deckers Outdoor ( DECK ) rose 6.3% on Friday after the footwear and apparel company reported an increase in adjusted fiscal Q2 net income to $2.38 per share from $1.54 per share during the same quarter last year and beating the Capital IQ consensus by $0.67 per share. Total sales rose to $501.9 million from $482.5 million last year and also exceeding the $493.7 million Street view.

(-) Amazon ( AMZN ) fell as much as 10% on Friday after the online retailer reported a 29% sales increase during the three months ended Sept. 30 to $56.6 billion but still lagging the Capital IQ consensus expecting $57 billion in sales. Net income raced to $5.75 per share from $0.52 per share last year. It also is projecting up to $72.5 billion in Q4 sales, missing the $73.7 billion Street view.

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: CMG , DECK , AMZN



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