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

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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.

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This article appears in: Business , Commodities
Referenced Symbols: CVS , ELF , NIO

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