Markets

Consumer Sector Update for 03/05/2019: REV,CTRP,TGT,JW.A,JW.B

Top Consumer Stocks

WMT +0.74%

MCD +0.38%

DIS -0.34%

CVS -1.80%

KO -0.04%

Consumer stocks continue to edge higher in late trade, with shares of consumer staples companies in the S&P 500 climbing less than 0.1% this afternoon while shares of consumer discretionary firms in the S&P 500 were ahead over 0.4%.

Among consumer stocks moving on news:

(-) Revlon ( REV ) shares dropped as much as 23% on Tuesday after a Jefferies analyst cited Nielsen data in a new research note indicating a 15.2% sales decline for the cosmetics company during the four weeks ended Feb.23 compared with year-ago levels.

In other sector news:

(+) Ctrip.com International ( CTRP ) climbed about 19% after the Chinese travel website reported a 22% year-over-year increase in revenue to RMB7.6 billion, or about $1.1 billion, and exceeding the CapitalIQ consensus by $50 million.

(+) Target ( TGT ) rose almost 5% after the discount retailer reported better-than-expected non-GAAP Q4 net income, earning $1.53 per share for the three months ended Feb. 2, up from $1.36 for the year-ago period and beating the Capital IQ consensus by $0.01 per share.

(-) John Wiley & Sons (JW.A,JW.B) dropped to a three-year low on Tuesday, falling to $42.64 a share after the publishing and research company missed Wall Street expectations with its fiscal Q3 financial results, including adjusted net income of $0.61 per share for the three months ended Jan. 31, down from $0.87 per share during the year-ago and trailing the three-analyst mean by $0.17 per share.

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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