Top Consumer Stocks
WMT -0.02%
MCD +0.53%
DIS +0.61%
CVS +3.23%
KO +0.33%
Consumer stocks closed broadly higher on Friday, with shares of consumer staples companies in the S&P 500 leading the U.S. markets higher with a nearly 1.9% rise while shares of consumer discretionary firms were lagging somewhat, adding only 0.8% in value.
Among consumer stocks moving on news today:
Under Armour ( UA ) rose Friday after the athletic apparel and footwear company announced an official partnership with the Canadian Olympic Committee, marking its first-ever Olympic's sponsorship and becoming the "high performance footwear supplier for Team Canada" over the next eight years. Following the deal announcement, analysts at Stifel today raised their investment call for the company's stock to Buy from Hold and increased their price target by $5 to $17 a share.
In other sector news:
+ Performance Food Group ( PFGC ) shares Friday climbed to within 15 cents of their $31.85 all-time high after reaffirming its forecast expecting between 13% to 18% year-over-year growth in its adjusted FY18 per-share earnings. The company also named Jim Hope as its new chief financial officer, effective March 1. He succeeds Tom Ondrof, who will remain at Performance Foods to guide strategic growth initiatives.
+ Amazon.com ( AMZN ) continued to narrowly reside on positive ground on Friday after agreeing to pay 100 million euros - or about $118 million - to settle charges by Italian tax authorities the online retailer failed to pay as much as 130 million euros in taxes due between 2011 to 2015.
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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.
