Top Consumer Stocks
Consumer stocks were mostly higher today, with shares of consumer staples companies in the S&P 500 posting a more than 1.2% advance this afternoon while shares of consumer discretionary firms in the S&P 500 were adding over 1.3% in value.
Among consumer stocks moving on news:
+ Amazon.com ( AMZN ) gained Monday, adding almost 4% in value to reach a session high of $1,386.99 a share, following reports the online retailer paid about $90 million to acquire the maker of Blink home security cameras last year. The company is now exploring how to source chips exclusive to Blink in a bid to reduce production costs and lengthen battery life, according to Reuters, citing unnamed people with knowledge of the matter.
In other sector news:
+ Insperity ( NSP ) rose Monday after the workforce optimization and synchronization reported adjusted Q4 net income of $0.55 per share, exceeding the Capital IQ consensus by $0.08 per share. Revenues grew to $826.5 million from $729.1 million during the year-ago period and also beating the $813.3 million analyst mean. Guides adjusted Q1 and FY18 per-share earnings above Street view.
- Restaurant Brands ( QSR ) was higher Monday despite mixed Q4 financial results, including adjusted EPS of $0.66, topping the $0.57 per share consensus. Revenue grew to $1.23 billion from $1.11 billion last year but missed the $1.25 billion mean estimate.
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