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ADT

Consumer Sector Update for 12/16/2015: ADT,SGMS,GRUB

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Top Consumer Stocks

WMT +1.10%

MCD +0.79%

DIS +1.44%

CVS +5.38%

KO +1.76%

Consumer stocks were extending their broad advance in afternoon trade, with shares of consumer staples companies in the S&P 500 posting a 2.1% advance while shares of consumer discretionary firms in the S&P 500 were showing a 1.8% increase.

In company news, ADT Corp ( ADT ) was holding on to a small gain in late trade, with shares of the security services company rising after it late yesterday raised its quarterly dividend by a penny compared with the previous quarter to $0.22 per share.

The company also said it will hold its annual meeting of stockholders on March 15 at a time and location to be determined later. Shareholders of record on Jan. 15 will be eligible to vote at the upcoming meeting.

ADT shares closed 1.2% higher at $33.98 each, earlier hitting a session high of $34.37 a share.

In other sector news,

(+) SGMS, Names Michael Quartieri to chief financial officer, effective after the company files its Form 10-K annual report for 2015. Quartieri recently joined SGMS after nine years at Las Vegas Sands ( LVS ).

(-) GRUB, Reduced to Market Perform from Outperform at Northland Capital.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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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.

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