Consumer Sector Update for 12/31/2018: BABA, GOOS, NAUH

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Top Consumer Stocks

WMT +1.05%

MCD +0.63%

DIS +1.12%

CVS +0.52%

KO +0.40%

Consumer stocks were broadly higher, with shares of consumer staples companies in the S&P 500 Monday rising 0.4% this afternoon, while shares of consumer discretionary firms in the S&P 500 were ahead 1.3%.

Among consumer stocks moving on news:

(-) Alibaba Group Holding ( BABA ) retreated Monday, sinking about 1% and giving away a prior 2% gain for the e-commerce company, after it agreed to settle a consolidated class action lawsuit filed by investors who bought Alibaba American depositary shares prior to Oct. 5, 2015. In a regulatory filing, Alibaba said the settlement does not constitute an admission of accusations asserted in the lawsuit, adding that all of the defendants will receive a full release of all claims against them, pending court approval of the agreement, expected in April.

In other sector news:

(+) Canada Goose Holdings ( GOOS ) jumped as much as 9.6% on Monday after media reports that the company opened its Chinese flagship store in Beijing on Friday, overcoming frosty diplomatic relations between Canada and China following the Dec. 1 arrest of Meng Wanzhou, the chief financial officer of Chinese electronics giant Huawei.

(-) National American University Holdings ( NAUH ) slumped Monday, falling as much as 46% to a worst-ever 13 cents a share, after the for-profit post-secondary education company said it will voluntarily delist its common stock from the Nasdaq Global Market and begin trading on the OTCQB market following the regular-market close on Jan. 21.

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: BABA , GOOS , NAUH

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