Markets

Consumer Sector Update for 04/17/2019: SFS, APO, PEP, SQBG, WMT, MCD, DIS, CVS, KO

Top Consumer Stocks:

WMT: -0.07%

MCD: +0.03%

DIS: +0.04%

CVS: +0.52%

KO: +0.11%

Most consumer majors were advancing pre-market Wednesday.

Stocks moving on news include:

(+) Smart & Final Stores (SFS), which was more than 20% higher after the company said it agreed to be bought by affiliates of Apollo Global Management (APO) for $6.50 per share in cash.

(+) Pepsico (PEP) was up more than 2% as it reported fiscal Q1 core earnings of $0.97 per share, up slightly from $0.96 per share in the prior-year period and higher than the $0.93 per share Street estimate provided by Capital IQ.

(+) Sequential Brands Group (SQBG) was advancing more than 2% after it agreed to sell the Martha Stewart and Emeril Lagasse brands, and all related intellectual property, to Marquee Brands for an estimated $175 million with an earnout opportunity of up to an additional $40 million.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

APO PEP SQBG WMT

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More