Consumer Sector Update for 11/20/2015: GMAN, FL, GPS

Top Consumer Shares:

WMT: -0.3%

MCD: flat

DIS: +0.4%

CVS: +0.6%

KO: +0.2%

GE: +0.1%

Consumer shares were mainly higher ahead of the opening bell Friday.

In consumer stocks news, Gordmans Stores ( GMAN ) Friday reported a wider than expected Q3 loss, on sales that were about in line with street views. Shares were flat in pre-bell trading after yesterday falling 6.9% to $2.57, on the low end of the 52-week range of $2.42-$8.92.

Foot Locker ( FL ), a retailer of shoes and apparel, reported Friday its third-quarter net income topped Street consensus, while revenues were in line. Shares jumped 8.7% in pre-market trading to $66.89 a unit, within the 52-week range of $51.12-$77.25.

And Gap ( GPS ) saw its price target lowered to $23 from $26 by Mizuho Securities, while the firm retained its underperform rating on the stock. The stock was flat in pre-bell after yesterday falling 1.2% to $25.09 per unit, on the low end of the 52-week range of $24.70-$43.90.

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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