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AVP

Consumer Sector Update for 01/22/2015: AVP,LAS,LE

Top Consumer Stocks

WMT +1.86%

MCD +0.39%

DIS +1.17%

CVS +0.75%

KO +0.99%

Consumer stocks were higher this afternoon with shares of consumer staples companies in the S&P 500 climbing 1.0%. Shares of consumer discretionary firms in the S&P 500 were gaining over 1.9%.

In company news, Avon Products Inc. ( AVP ) rallied in heavy volume Thursday following reports the personal-care products company has been talking with private equity firm TPG Capital about a potential transaction, the Financial Times reports.

According to Dealreporter, citing three unidentified sources, it was not immediately clear how far along the discussions have proceeded or whether AVP has yet retained financial or legal advisors to assist with structuring a possible deal.

AVP shares jumped as much as 20% today, reaching a session high of $9.08 apiece before settling into their current range around $8.76 a share, up about 16%. The stock has traded within a 52-week range of $7.25 to $16.39 a share, sinking more than 51% over the past 12 months prior to today's rise.

In other sector news,

(+) LAS, Board Chairman Hetong Guo, CEO Jing Yang and other senior managers announce plans to buy up to $1 mln of the auto-dealer's American depository shares as soon as possible within the next month.

(-) LE, Expects to report Q4 EPS of $1.06 to $1.16 per share, lagging Street view by at least $0.22 per share. Revenue is projected in a range of $505 mln to $515 mln, also missing the Capital IQ consensus by at least $27.21 mln.

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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