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Consumer Sector Update for 10/19/2018: IFMK, PG, IPG, WMT, MCD, DIS, CVS, KO

Top Consumer Stocks:

WMT: +0.79%

MCD: +0.29%

DIS: +1.47%

CVS: +0.15%

KO: +1.21%

Consumer stocks were mixed mid-day, with shares of consumer staples companies in the S&P 500 up by 1.83% while shares of consumer discretionary firms in the S&P 500 were down by almost 1%.

Stocks moving on news include:

(-) iFresh ( IFMK ) fell 20% after unveiling a securities purchase agreement with certain accredited investors to purchase approximately $2.6 million in a registered direct offering and warrants to purchase common stock in concurrent private placement.

In other sector news:

(+) Procter & Gamble ( PG ) gained almost 8% after the company reported fiscal Q1 adjusted earnings of $1.12 per diluted share, beating the $1.09 consensus estimate of analysts polled by Capital IQ.

(+) The Interpublic Group of Companies ( IPG ) rose 9.5% as it posted Q3 adjusted earnings of $0.48 per diluted share, up from $0.37 per share a year ago and also above the $0.46 average estimate of analysts polled by Capital IQ.

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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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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