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

Shutterstock photo

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.

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

This article appears in: Business , Commodities
Referenced Symbols: CMG , DECK , AMZN

More from MT Newswires


MT Newswires

MT Newswires

Market News, Commodities

Research Brokers before you trade

Want to trade FX?