Quantcast

Consumer Sector Update for 11/06/2018: CVS,AET,ELF,NIO


Shutterstock photo

Top Consumer Stocks

WMT -0.27%

MCD +0.55%

DIS +0.78%

CVS +4.56%

KO +0.59%

Consumer stocks were posting modest gains Tuesday, with shares of consumer staples companies in the S&P 500 rising more than 0.4%, while shares of consumer discretionary firms in the S&P 500 were climbing more than 0.4%.

Among consumer stocks moving on news:

(+) CVS Health ( CVS ) was more than 4% higher after the pharmacy retailer reported Q3 net income exceeding Wall Street estimates and also said it expects its proposed acquisition of health care insurer Aetna ( AET ) should close before the end of November.

In other sector news:

(+) e.l.f. Beauty ( ELF ) raced about 19% higher on Tuesday after the cosmetics company reported Q3 net income of $0.17 per share, down from a $0.20 per share profit last year but still breezing past the Capital IQ consensus of $0.08 per share. Revenue slipped 11% year over year to $63.9 million but also topped the Street view expecting $60.09 million in quarterly revenue.

(-) NIO ( NIO ) turned narrowly lower Tuesday afternoon, giving back a nearly 10% spike at the open after the Chinese electric vehicle company reported a huge jump in its Q3 revenue compared with the previous quarter. Total revenue jumped 3,095.3% to RMB1,469.6 million, or about $214.0 million compared with Q2.

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: CVS , AET , ELF , NIO



More from MT Newswires

Subscribe






MT Newswires
Contributor:

MT Newswires

Market News, Commodities










Research Brokers before you trade

Want to trade FX?