Markets

Consumer Sector Update for 12/18/2015: NYNY,RLOC,NAKD

Top Consumer Stocks

WMT +0.24%

MCD -0.34%

DIS -3.53%

CVS +0.62%

KO -1.93%

Consumer stocks declined this afternoon, with shares of consumer staples companies in the S&P 500 falling nearly 1.3% while shares of consumer discretionary firms in the S&P 500 also were sliding over 1.3% lower.

In company news, Empire Resorts Inc. ( NYNY ) rallied Friday after the New York State Gaming Commission today added consideration of a gaming facility license for the company's proposed Montreign casino in the state's Catskill region to its upcoming Dec. 21 meeting.

Pending approval of the gaming license, Empire plans to begin construction on an 18-story casino, hotel and entertainment complex containing 332 luxury rooms, including a dozen penthouse suites, eight garden suites and seven two-story villas in addition to around 100 table games and 2,150 slot machines.

NYNY shares were up about 17% at $4.99 apiece, earlier climbing to a session high of $5.17 a share.

In other sector news,

(+) RLOC, Secures $10 mln in new funding from VantagePoint Capital Partners while Hercules Technology Growth Capital ( HTGC ) trims restricted cash required for term loan by $2.5 mln to $15 mln. Reiterates in-line Q4 revenue forecast of $88 mln to $92 mln.

(-) NAKD, (-16.3%) Prices public offering of 1.875 mln shares at $4.00 each, generating around $6.9 mln in net proceeds. Uplists to Nasdaq Global Select market.

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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