Top Consumer Shares:
Consumer shares were pointing to a lower close for Monday's session.
In consumer stocks news, Tesla ( TSLA ) rose 1.9% after after Toyota ( TM ) reportedly said it sold its entire stake in Tesla, marking the end of a collaboration between the two companies. Toyota bought a $50 million stake in Tesla in 2010 and produced a car jointly with Tesla in 2011. It recently spun up its own electric car division and hopes to sell its own long-range electric vehicle by 2020. As of July 2016, Toyota held a 1.43% stake in Tesla. TM shares were down 1.4%.
In other sector news,
(+) TWX (+0.2%) Barron's said the shares could gain 20% over the coming year due to a successful "Wonder Woman" opening over the weekend
(-) BG, (-0.5%) Reports said the company hired JPMorgan Chase and Shearman & Sterling to help it defend against takeovers
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