Markets
LUV

Consumer Sector Update for 09/21/2018: AAL,JBLU,UAL,LUV,MDCA,UNFI,LAD

Top Consumer Stocks

WMT +0.19%

MCD +1.98%

DIS -0.60%

CVS +0.58%

KO -0.19%

Consumer stocks have turned mixed in late Friday trading, with shares of consumer staples companies in the S&P 500 posting a nearly 0.2% gain while shares of consumer discretionary firms in the S&P 500 were falling almost 0.5%, reversing a small mid-day gain.

Among consumer stocks moving on news:

(+) American Airlines Group ( AAL ) was back to within a quarter of its session high of $43.88 a share in late trade after the carrier Friday raised the charge for checked baggage by $5 to $30 for the first bag and to $40 for the second checked bag, joining other airlines in the fee increase. JetBlue Airways ( JBLU ) and United Continental ( UAL ) charge the same fee although Southwest Airlines ( LUV ) still does not charge a fee for the first two checked bags.

In other sector news:

(+) MDC Partners ( MDCA ) added as much as 3% on Friday after the marketing firm late Thursday confirmed earlier reports it has been weighing its strategic alternatives, including the potential sale of the business. MDC shares closed 7% higher on Thursday after the Wall Street Journal said the company was courting would-be buyers. The new strategic review is running concurrently with the search for a new CEO at the company.

(+) Lithia Motors (LAD) climbed nearly 6% at one point on Friday after analysts at Guggenheim raised their investment recommendation for the auto and truck dealership chain to Buy from Neutral.

(-) United Natural Foods (UNFI) plunged to a record low on Friday, sinking nearly 17% to a worst-ever $28.25 a share after reporting fiscal Q4 financial results trailing analyst estimates. Excluding one-time items,the company earned $0.76 a share on $2.59 billion in net sales, missing the Capital IQ consensus by $0.10 per share and $20 million, respectively.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

LUV MDCA AAL JBLU UAL

Other Topics

Commodities