Top Consumer Stocks
WMT +0.47%
MCD -0.13%
DIS +2.09%
CVS -0.34%
KO -0.03%
Consumer stocks narrowed their gap this afternoon, with shares of consumer staples companies in the S&P 500 paring an earlier decline to just 0.1% while shares of consumer discretionary firms in the S&P 500 continued with a less than 0.1% gain.
In company news, Mattel ( MAT ) was narrowly higher in late Monday trade, giving back a nearly 4% advance to a session high of $15.64 a share, that followed the toymaker on Saturday disclosing plans for a $1 billion private placement of senior notes due 2025.
After first paying offering expenses, the company expects to use the net proceeds to redeem the $250 million of the company's 6% senior notes maturing in March 2018 and to repay debt owed under its commercial paper program and its revolving credit facility.
In other sector news,
(+) OSTK, Morgan Stanley ( MS ) late Friday discloses 11.4% passive stake in the company, owning nearly 2.87 mln shares.
(-) KMB, Citigroup downgrade to Sell from Neutral, also setting a $113 price target for the stock.
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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.
