Consumer Sector Update for 04/22/2019: KMB, TSLA, BBBY, WMT, MCD, DIS, CVS, KO

Top Consumer Stocks:

WMT: -0.36%

MCD: -0.21%

DIS: -0.26%

CVS: -0.32%

KO: -0.06%

Consumer heavyweights were mostly lower pre-market Monday.

Stocks moving on news include:

(+) Kimberly-Clark (KMB), which was more than 3% higher after booking Q1 adjusted diluted earnings per share of $1.66, down from $1.71 during the year-ago quarter, but beating the Capital IQ consensus forecast of $1.55.

In other sector news:

(-) Tesla (TSLA) said in a SEC filing that four members of its 11-member board would be leaving over the next two years as part of a decision to streamline the board to seven members. The company was trading more than 1% lower after the news.

(+) Bed Bath & Beyond (BBBY) was 1% higher after announcing that it is overhauling its board of directors to reflect increased diversity in response to shareholder feedback. According to the domestic merchandise retailer, the board will now be made up of 10 directors, nine of whom are independent and six of whom are women.

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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