Top Consumer Stocks
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MCD +0.37%
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CVS +0.45%
KO +0.36%
Consumer stocks were tilting higher Monday, with shares of consumer staples companies in the S&P 500 climbing almost 0.4% in afternoon trading while shares of consumer discretionary firms in the S&P 500 were gaining more than 0.7%.
Among consumer stocks moving on news:
+ Nevada Gold & Casinos Inc. ( UWN ) raced almost 12% at one point Monday after the mini-casino operator late Friday said it was in exclusive discussions to sell the company. The company did not identify the potential buyer and did not provide additional details about the ongoing talks while board chairman William Sherlock said the company will not provide updates until the talks either produce a deal or otherwise conclude.
In other sector news:
- Ryanair Holdings ( RYAAY ) was narrowly lower Monday after German pilots working for the budget carrier have voted to strike and could leave their cockpits with 24 hours notice, adding to Ryanair's labor woes. More than 96% of Vereinigung Cockpit member reportedly favored the strike, according to news briefs published Monday. Earlier, the airline reported a 4% rise in July traffic over year-aqgo levels.
- LGI Homes ( LGIH ) fell nearly 3% on Monday, after the homebuilder closed on fewer homes during July compared with July 2017. Also, through the first seven months of the year, the company closed 3,597 home sales, a 25.6% increase to the same period last year.
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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.
