Markets

Consumer Sector Update for 11/12/2018: BZUN, DEO, BABA, WMT, MCD, DIS, CVS, KO

Top Consumer Stocks:

WMT: +0.18%

MCD: Flat

DIS: -0.19%

CVS: -0.16%

KO: -0.14%

Consumer stocks were narrowly mixed in Monday's pre-bell trade.

Early movers include:

(-) Baozun ( BZUN ), which received a total of RMB6.55 billion ($940.4 million) in new orders on Singles Day 2018. Baozun ADRs were down by more than 13%.

In other sector news:

(-) Diageo ( DEO ) was more than 1% lower after it unveiled an agreement to sell 19 spirits brands to US-based Sazerac for $550 million.

(-) Alibaba ( BABA ) was slightly lower as it said it generated more than $30 billion in sales during its annual shopping festival, which kicked off at midnight on Sunday Nov. 11 and lasted 24 hours, during which it registered more than one billion deliveries.

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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