Top Consumer Stocks
WMT +0.74%
MCD +0.71%
DIS -0.02%
CVS -2.42%
KO +0.99%
Consumer stocks were slightly higher in recent trade, with shares of consumer staples companies in the S&P 500 adding just more than 0.2% while shares of consumer discretionary firms in the S&P 500 were posting a nearly 0.2% advance.
In industry news:
The November consumer price index headline number was in-line with expectations, rising 0.4%. Excluding food and energy, core CPI recorded a below-consensus 0.1% gain. Energy costs declined 3.9% last month while food prices were flat. Apparel prices dropped 1.3% and medical care expenses fell about 0.1%.
Among consumer stocks moving on news:
+ Long Island Iced Tea ( LTEA ) raced as much as 74% higher Wednesday after the company said it signed two agreements with Natur, becoming the exclusive distributor for the European food and beverage company in North America while Natur will distribute Long Island Ice Tea products on its home turf.
In other news,
+ Spirit Airlines ( SAVE ) said it is promoting chief financial officer Ted Christie to CEO, succeeding Bob Fornaro, effective January 1, 2019. Christie will join the company's board of directors on Jan. 1, 2018.
- Vail Resorts ( MTN ) was higher after Deutsche Bank begins analyst coverage with a Buy recommendation and a $265 price target.
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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.
