Top Consumer Stocks:
WMT: -2.73%
MCD: -0.31%
DIS: -0.99%
CVS: -1.92%
KO: +0.63%
Consumer stocks were mostly lower pre-bell Tuesday.
Early movers include:
(-) Target ( TGT ), which was declining by more than 11% as it posted third-quarter earnings and revenue that both missed expectations amid rising expenditures and lower gross margin.
(-) Lowe's ( LOW ) was lower by more than 7% as it outlined plans to exit its Mexico retail operations and explore strategic alternatives. The company also posted results for the third quarter that surpassed analysts' estimates.
(+) Pinduoduo ( PDD ) reported Q3 adjusted net loss of RMB0.68 ($0.08) per American Depositary Share, compared with a net loss of RMB0.48 per ADS in the prior-year period. ADRs were more than 5% higher.
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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.
