Quantcast

Consumer Sector Update for 11/07/2018: GNC, KORS, MED, WMT, MCD, DIS, CVS, KO


Shutterstock photo

Top Consumer Stocks:

WMT: +0.26%

MCD: +0.37%

DIS: +0.20%

CVS: +0.86%

KO: +0.29%

Consumer stocks were inching up pre-bell Wednesday.

Early movers include:

(+) GNC Holdings ( GNC ), which was up by more than 18% after it reached an agreement with Harbin Pharmaceutical Group, or Hayao, for the funding of its $300 million investment in the company and said that it has entered into a definitive agreement on joint ventures in Hong Kong and China.

(-) Michael Kors Holdings ( KORS ) was down over 11% after the company reported mixed fiscal Q2 results and raised its full-year adjusted EPS outlook.

(-) Medifast ( MED ) was tumbling by more than 18% as it booked Q3 net income improved year over year to $13.8 million, or $1.14 per diluted share, from $6.7 million, or $0.55 per diluted share, meeting consensus estimates of $1.14 per share.

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: GNC , KORS , MED , WMT , MCD



More from MT Newswires

Subscribe






MT Newswires
Contributor:

MT Newswires

Market News, Commodities










Research Brokers before you trade

Want to trade FX?