Markets

Consumer Sector Update for 10/06/2015: CPHC,VLRS,TCS

Top Consumer Stocks

WMT -0.36%

MCD +0.93%

DIS 0.00%

CVS -1.59%

KO +0.27%

Consumer stocks were mostly lower this afternoon, with shares of consumer staples companies in the S&P 500 sinking 0.6% while shares of consumer discretionary firms in the S&P 500 were declining over 0.7%.

In company news, Canterbury Park Holding Corp ( CPHC ) rallied Tuesday after the horse-racing track announced plans to reorganize its corporate structure as a holding company containing new entertainment and development subsidiaries.

The new structure will allow Canterbury to develop around 200 acres of underused property separate from its wagering, concessions and related businesses. The move will require shareholder approval and the company late last week filed preliminary documents for a special meeting tentatively scheduled for late November.

CPHC shares were up almost 7% today at $10.59 apiece, matching their session high.

In other sector news,

(+) VLRS, (+4.8%) Total capacity, as measured by available seat miles, rises 33.6% during September compared with year-ago levels. Revenue passenger miles increase 32.2% year over year to 842 million.

(-) TCS, (-17.2%) Adjusted Q2 EPS of $0.06 misses by $0.01 per share. Revenues rises 1.2% to $195.5 million, lagging Street view looking for $197.7 million in revenue.

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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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