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DIS

Consumer Sector Update for 06/05/2017: WMT, MCD, DIS, CVS, KO, TSLA, TM, TWX, BG

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.

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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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