Top Consumer Shares:
WMT: +0.6%
MCD: -0.5%
DIS: -0.7%
CVS: -0.6%
KO: -0.1%
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
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
