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Consumer Sector Update for 04/10/2017: KSS,TSLA,SNOW,BBY,EXPE,CS

Top Consumer Stocks

WMT +0.23%

MCD -0.06%

DIS -0.17%

CVS +0.87%

KO +0.25%

Consumer stocks were slightly higher shortly before Monday's closing bell, with shares of consumer staples companies in the S&P 500 climbing about 0.2% while shares of consumer discretionary firms in the S&P 500 were advancing about 0.3%.

In company news, Kohl's ( KSS ) was hanging on to a solid advance late Monday after the department store retailer today selected Greg Revelle as its new chief marketing officer.

Prior to starting at Kohl's, Revelle previously had been the chief marketing officer both at Best Buy ( BBY ) and at AutoNation ( AN ) following stints as vice president for worldwide online marketing at Expedia ( EXPE ) and as an investment banker at Credit Suisse.

In his new position, he will be responsible for marketing organization and strategy at Kohl's, helping keep the company focused on increasing customer traffic and engagement and continuing to build its brand position.

KSS shares were up about 1.5% at $39.81 each after earlier topping out today at $40.61 a share.

In other sector news,

(+) TSLA, Raised to Overweight from Neutral at Piper Jaffray.

(-) SNOW, Agrees to a $1.5 bln buyout offer, including assumed debt, from a new entity controlled by affiliates of the Aspen Skiing Company and KSL Capital Partners, which will pay $23.75 in cash for each share of the company's stock.

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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