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Consumer Sector Update for 03/04/2019: PLCE, ODP, TSLA, WMT, MCD, DIS, CVS, KO

Top Consumer Stocks:

WMT: +0.13%

MCD: -0.57%

DIS: +0.17%

CVS: +0.83%

KO: +0.42%

Most consumer heavyweights were advancing in Monday's pre-bell trading.

Stocks moving on news include:

(-) Children's Place ( PLCE ), which was down more than 12% after booking Q4 adjusted earnings of $1.10 per share, down from $2.52 in the comparable period a year ago. That result missed the estimate of $2.10 from analysts polled by Capital IQ.

(+) Office Depot ( ODP ) was more than 12% higher after the company and Alibaba.com agreed to collaborate on an initiative to serve US small- and medium-sized businesses.

In other sector news:

(+) Tesla ( TSLA ) was up 1% after a Tweet issued by founder Elon Musk stated that the company plans to unveil its Model Y sport utility vehicle (SUV) on March 14 in Los Angeles.

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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