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.

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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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