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WMT

Consumer Sector Update for 02/28/2019: JCP, JD, BUD, WMT, MCD, DIS, CVS, KO

Top Consumer Stocks:

WMT: +0.08%

MCD: -0.66%

DIS: Flat

CVS: +0.39%

KO: +0.04%

Most consumer giants were advancing in Thursday's pre-market trading .

Stocks moving on news include:

(+) J.C. Penney ( JCP ), which was gaining more than 20% in value after i t report ed fiscal Q4 adjusted earnings of $0.18 per share, down from $0.51 in the comparable period a year ago and in line with the estimate of $0.18 from analysts polled by Capital IQ.

(+) JD.com ( JD ) was over 13% higher as it booked Q4 adjusted earnings of RMB0.51 ($0.07) per share compared with RMB0.31 for the same period last year. Analysts were expecting the Chinese online retailer to report a loss of RMB0.27 per share for the December quarter.

(+) Anheuser-Busch Inbev ( BUD ) was up almost 5% after announcing Q4 adjusted earnings of $0.80 per share which is lower compared to last year's adjusted EPS of $1.04 and the Street average of $0.93 per share and revenue that topped expectations.

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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