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NAV

Consumer Sector Update for 07/20/2015: NAV,HAS,CALM

Top Consumer Stocks

WMT -0.29%

MCD +0.51%

DIS +0.45%

CVS +0.35%

KO +0.58%

Consumer stocks were hanging on to slim gains today with shares of consumer staples companies in the S&P 500 adding 0.2% while shares of consumer discretionary firms in the S&P 500 were ahead by just 0.1%.

In company news, Navistar ( NAV ) shares were higher Monday after the commercial and military truck company today said it has refinanced a $697.5 million term loan, replacing it with a $1.04 billion debt package.

The new senior secured term loan matures in August 2020, three years past the due date for the previous facility.

In addition to the $352.50 in increased borrowing capacity, the amended agreement also allows the company to issue up to $200 million more of its 8.25% senior notes due November 2021 and extends the maturity of an asset-based loan facility by an extra year, according to regulatory documents filed today.

NAV shares were up more than 1% at $18.80 apiece this afternoon, earlier topping out at $19.75 a share.

In other sector news,

(+) HAS, (+6.6%) Q2 EPS of $0.33 beat Street view by $0.04 per share. Revenue falls 3.8% from year-ago levels on a reported basis to $797.7 mln, topping $774.29 million consensus. Excluding currency impact, revenues would have grew about 5%.

(-) CALM, (-6.1%) Fiscal net income of $0.95 per share trailing Capital IQ consensus by $0.09 per share.. Revenue grows 8.4% over last year to $403 million, trailing the $417.31 million 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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