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Consumer Sector Update for 06/16/2016: COT,NUS,KFY

Top Consumer Stocks

WMT +0.22%

MCD +0.18%

DIS +0.15%

CVS -0.71%

KO +0.53%

Consumer stocks have turned higher shortly before Thursday's closing bell, with shares of consumer staples companies in the S&P 500 rising nearly 0.5% while shares of consumer discretionary firms in the S&P 500 turned around their prior slump to trade around 0.3% higher in late trade.

In company news, Cott Corp ( COT ) shares declined today after the private-label soft=drink bottler earlier Thursday priced a EUR 450 million, or about $505.7 million, private placement offering of 5.50% senior note due July 2024.

The company plans to use net proceeds from the offering to fund a portion of its planned purchase of Hydra Dutch Holdings BV as well as paying down existing debt.

COT shares were down about 1% at $15.80 apiece, recovering slightly from a session low of $15.64 a share.

In other sector news,

(+) NUS, Receives $210 mln strategic investment from Ping An ZQ China Growth Opportunity Ltd and a group of investors affiliated with ZQ Capital Ltd. Pivotal Research Group raises price target by $5 to $60 a share.

(-) KFY, Projected Q1 revenue of $371 mln to $391 mln trailing Wall Street estimates by at least $7.6 mln. Also sees adjusted EPS of $0.50 to $0.58, matching $0.58 per share consensus.

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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