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Consumer Sector Update for 01/03/2017: JJSF,FIT,UNH,FOXF

Top Consumer Stocks

WMT -0.86%

MCD -1.85%

DIS +1.72%

CVS +1.86%

KO +0.53%

Consumer stocks were edging slightly higher today, with shares of consumer staples companies in the S&P 500 adding 0.2% in value while shares of consumer discretionary firms in the S&P 500 were ahead by about 0.4% in afternoon trade.

In company news, J&J Snack Foods ( JJSF ) has recouped most of today's prior losses that followed the company today announcing a deal to acquire pre-baked cakes and cookie-maker Hill & Valley for an undisclosed amount.

Hill & Valley generated more than $45 million in its most recent fiscal year and the purchase is expected to expand the company's product mix and customer base as well as adding to rounds out J&J's manufacturing capabilities, including the addition of a recently built bakery facility.

JJSF shares were down 0.5% at $132.72 apiece, recovering most of an earlier slide to a session low of $132.03 a share.

In other sector news,

(+) FIT, UnitedHealthcare ( UNH ) adds the Fitbit Charge 2 into its recently expanded Motion wellness program.

(-) FOXF, SunTrust downgrade to Hold from Buy.

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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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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