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Consumer Sector Update for 12/03/2018: NBEV, AMZN, NXST, TRCO, WMT, MCD, DIS, CVS, KO


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Top Consumer Stocks:

WMT: +1.17%

MCD: +1.21%

DIS: +0.91%

CVS: +0.96%

KO: -0.79%

Consumer stocks were mostly up in Monday pre-bell trading.

Early movers include:

(+) New Age Beverages ( NBEV ), which was higher by more than 15% after the beverage company said it has signed a definitive deal to acquire Utah-based Morinda Holdings for $85 million in cash and stock.

(+) Amazon ( AMZN ) was up by 4% after the Wall Street Journal reported that it is testing its cashierless checkout technology for bigger stores at a retail facility in Seattle.

In other sector news:

(+) Nexstar Media Group ( NXST ) and Tribune Media Co. ( TRCO ) signed a definitive agreement wherein Nexstar will acquire all outstanding shares of Tribune Media for $46.50 per share in a cash transaction valued at $6.4 billion including debt. Tribune Media was up by more than 9%.

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: NBEV , AMZN , NXST , TRCO , WMT



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