Top Consumer Stocks
Consumer stocks were mostly higher today but underperforming most other sectors, with shares of consumer staples companies in the S&P 500 adding around 0.6% while shares of consumer discretionary firms in the S&P 500 also were posting a 0.6% gain.
In company news, Alon Blue Square Israel Ltd. ( BSI ) advanced Tuesday after the retailer today said it has completed the sale of its 75% equity stake in Diners Club Israel Ltd. to Credit Card for Israel Ltd. for around $25.7 million in gross proceeds.
Credit Card for Israel also will make four additional payments to Blue Square of around $970,000 each after certain conditions are met.
BSI shares were up over 18% at $4.20 each, earlier jumping to a session high of $6.85 a share.
In other sector news,
(+) LL, Hedge fund manager Whitney Tilson covers short position, saying in Seeking Alpha blogpost "new information" indicates senior management at LL were not aware it was selling laminate with high levels of formaldehyde.
(-) ARCI, Xcel Energy ( XEL ) late Monday says it would continue using ARCI for the utility's refrigerator and freezer recycling program for another three years through December 2018.
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