Top Consumer Stocks
Consumer stocks were mostly higher Tuesday, with shares of consumer staples companies in the S&P 500 adding more than 0.9% while shares of consumer discretionary firms in the S&P 500 were posting a 1.3% gain.
In company news, Duluth Holdings Inc. ( DLTH ) Tuesday climbed back to within 5 cents of its best share price in its short time as a public company after analysts at Robert W. Baird & Co. today began analyst coverage of the work clothes and accessories company with an Outperform investment rating and a $20 price target.
DLTH shares were up over 3% at $16.48 apiece this afternoon following a previous run to $16.92 a share today during the stock's 17th day of trading and stopping just short of its $16.97 a share record high set on Dec. 4
In other sector news,
(+) LL, (+25.3%) Short-seller Whitney Tilson of Kase Capital Management says he has covered his short positions, writing in a Seeking Alpha blogpost that new information "leads me to believe that senior management of Lumber Liquidators wasn't aware that the company was selling Chinese-made laminate that had high levels of formaldehyde."
(-) ARCI, (-4.9%) Xcel Energy ( XEL ) late Monday said it would continue using ARCI to provide appliance recycling services for the utility's refrigerator and freezer recycling program through December 2018.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.