Credit: Shutterstock photoTop Consumer Stocks:
WMT: +0.67%
MCD: +0.69%
DIS: +0.61%
CVS: +0.61%
KO: +0.12%
Consumer stocks were trading higher pre-bell Tuesday.
Stocks moving on news include:
(+) Coty ( COTY ), which was up over 17% as global investment firm JAB tabled a tender offer pursuant to which JAB Cosmetics B.V. would acquire up to 150 million additional shares of Coty's Class A common stock at a price of $11.65 per share in cash.
(+) Omnicom Group ( OMC ) was gaining more than 7% in value after i t report ed Q4 earnings of $1.77 per share, up from $1.09 in the same period a year ago and topping the estimate of $1.66 from analysts polled by Capital IQ.
(-) Molson Coors Brewing ( TAP ) was down more than 7% as it booked Q4 adjusted earnings of $0.84 per diluted share, up from a restated $0.62 per share a year ago. That result was above the $0.79 average estimate from analysts polled by Capital IQ.
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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.
