Markets

Consumer Sector Update for 02/13/2017: EBAY,M,HAIN

Top Consumer Stocks

WMT -0.39%

MCD -0.16%

DIS +0.36%

CVS +0.27%

KO -0.02%

Consumer stocks were ending narrowly higher, with shares of consumer staples companies in the S&P 500 climbing less than 0.1% - reversing small mid-day declines - while shares of consumer discretionary firms in the S&P 500 were posting a 0.1% advance.

In company news, eBay ( EBAY ) shares hit an all-time high on Monday after the online auction house today said it was partnering with Aeropost.com to create a best-in-class shopping, payment and package-delivery website for customers in Latin America and the Caribbean.

The collaboration is expected to bring tens of millions of eBay.com listings throughout much of the Spanish-speaking world while Aeropost.com will deliver products directly to customers' doorsteps or to one of over 100 Aeropost.com storefront pickup locations in 40 countries, the companies said.

EBAY was up nearly 1% at $33.84 apiece, earlier reaching a best-ever $34.08 a share.

In other sector news,

(+) M, Barron's article concludes the company's share price could increase up to 50%, reaching between $45 to $50 a share, in a potential merger and spin-off of property assets by the department-store chain.

(-) HAIN, Delays filing 10-Q quarterly report for the three months ended Dec. 31 due to an ongoing internal review of the company's accounting and audit process and its previously released financial results to identify potential errors.

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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