Top Consumer Stocks
Consumer stocks were ending with narrow gains this afternoon, with shares of consumer staples companies in the S&P 500 increasing almost 0.4% while shares of consumer discretionary firms in the S&P 500 still were ahead by about 0.1%.
In company news, ACCO Brands ( ACCO ) was back near its break-even mark for Friday's session after the office and school products company this afternoon said it has now received all of the approvals from competition authorities needed to complete its upcoming acquisition of the Esselte Group, setting the stage for the $333 million cash purchase of the office supply company to close early next month.
The company cautioned the transaction remains subject to certain closing conditions. Once complete, ACCO Brands plans to combine Esselte with its existing European operations.
ACCO shares were down about 0.6% in late trade at $12.18 apiece, bouncing back from a mid-day session low of $12.00 a share.
In other sector news,
(+) AAN, SunTrust upgrade to Buy from Hold.
(-) HLF, Lowers outlook for FY17 EPS to $4.20 to $4.60 from $4.60 to $5.00 a share, trailing the $4.68 per share consensus. SEC also asks for documents tied to the company's anti-corruption compliance in China.
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