Markets

Consumer Sector Update for 11/20/2015: VIPS,SPWH,CRMT

Top Consumer Stocks

WMT -1.00%

MCD +0.54%

DIS +1.15%

CVS -0.61%

KO -1.58%

Consumer stocks were mixed during Friday trading, with shares of consumer staples companies in the S&P 500 giving back small gains earlier to finish 0.7% lower more recently while shares of consumer discretionary firms in the S&P 500 were outperforming with a 1.3% collective gain.

In company news, American depository shares of Vipshop Holdings ( VIPS ) surged Friday after regulatory documents late Thursday showed Tiger Global Management has added significantly to its ownership stake in the Chinese online discount retailer in recent weeks.

Tiger Globals now owns 9.90 million Vipshop shares, adding up to 49.5 million ADS, or 9.96% of the company's outstanding stock. That's up from around 17.44 million ADS reported as of Sept. 30, according to the firm's most recent 13F filing.

VIPS ADS were up nearly 15% this afternoon at $16.35 each, topping out at $16.42 per ADS.

In other sector news,

(+) SPWH, Q3 EPS of $0.24 beats Capital IQ consensus by $0.01 per share. Revenue rises 9.4% over year-ago levels to $199.7 mln, roughly in-line with $200.72 mln consensus. Guides Q4 earnings in-line with $0.25 per share Street view.

(-) CRMT, Adjusted Q3 net income of $0.29 per share trails analyst mean by $0.41 per share. Revenue slips 0.6% year over year to $133 mln, lagging the $150.8 mln consensus.

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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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