Markets

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

Top Consumer Stocks

WMT -0.15%

MCD +0.66%

DIS -0.05%

CVS -1.82%

KO +0.13%

Consumer stocks were mostly lower this afternoon, with shares of consumer staples companies in the S&P 500 sinking 0.5% while shares of consumer discretionary firms in the S&P 500 were declining over 0.7%.

In company news, LGI Homes Inc. ( LGIH ) rose to an all-time high on Tuesday after the homebuilder reported a 51.5% increase in Q3 closings compared with the year-ago period.

The company closed on a total of 934 home sales during the three months ended Sept. 30, including 303 sales during September. Through the first nine months of 2015, the company closed on 2,458 home sales, up 44.2% over the same nine months in 2014.

LGIH shares were up more than 3% at $30.37 apiece, earlier topping out at a best-ever $30.60 a share.

In other sector news,

(+) VLRS, 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, Adjusted Q2 EPS of $0.06 misses by $0.01 per share. Revenues rises 1.2% to $195.5 mln, lagging Street view looking for $197.68 mln 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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