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Consumer Sector Update for 07/10/2017: WWE,MYCC,APO,ANF

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Top Consumer Stocks

WMT -2.52%

MCD -0.39%

DIS +0.32%

CVS -0.53%

KO -0.02%

Consumer stocks continued to diverge on Monday, with shares of consumer staples companies in the S&P 500 declining over 0.5% while shares of consumer discretionary firms in the S&P 500 added more than 0.3% in value.

In company news, World Wrestling Entertainment ( WWE ) was holding on to a narrow gain Monday after the company today announced a new, multi-year agreement with French broadcaster Groupe AB to continue carrying WWE programming through a large swath of western Europe.

Now in its 18th year, the WWE/Groupe AB partnership brings professional wrestling content, including its Raw and SmackDown flagship shows, into France, Belgium, Switzerland, Luxembourg, Monaco and Andorra.

Financial details and other terms of the renewed contract were not disclosed.

In other sector news,

(+) MYCC, Accepts $1.1 bln private-equity buyout offer from Apollo Global Management ( APO ), which is paying $17.12 in cash for each ClubCorp share, a 30.7% premium over Friday's closing price for the stock.

(-) ANF, Falls to a nearly two-decade low after saying it has ended talks for a potential sale of the company without a deal.

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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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