Top Consumer Stocks
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.
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