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Consumer Sector Update for 12/03/2018: TRCO,NBEV,KDP,NXST


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Top Consumer Stocks

WMT +1.36%

MCD -1.61%

DIS -0.04%

CVS -0.19%

KO -1.73%

Consumer stocks were mixed today, with shares of consumer staples companies in the S&P 500 slipping 0.6% this afternoon, while shares of consumer discretionary firms in the S&P 500 were climbing almost 2%.

Among consumer stocks moving on news:

(+) Tribune Media Co. ( TRCO ) jumped 11% after the television station company agreed to a $6.4 billion buyout transaction, including debt, from Nexstar Media Group ( NXST ).

In other sector news:

(+) New Age Beverages ( NBEV ) climbed 8% on Monday after announcing a deal to buy Utah-based Morinda Holdings for $85 million. The companies are expecting to complete the transaction before the end of the year.

(-) Keurig Dr Pepper ( KDP ) slumped Monday, sinking 2.6%. The beverage company late Friday completed its purchase of privately held Core Nutrition LLC.

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: TRCO , NXST , NBEV , KDP



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