Markets

Consumer Sector Update for 12/21/2018: AMZN,DFRG,NKE,KMX

Top Consumer Stocks

WMT +0.18%

MCD +0.70%

DIS -2.46%

CVS -3.64%

KO +0.09%

Consumer stocks have turned mostly lower, with shares of consumer staples companies in the S&P 500 sliding about 0.6% into the red this afternoon, while shares of consumer discretionary firms in the S&P 500 were falling almost 1.9%.

Among consumer stocks moving on news:

(-) Amazon ( AMZN ) was trading near its intra-day low in late trade, falling almost 6%. The online retailer earlier Friday unveiled plans to open its first fulfillment center in Mississippi, saying it was currently making improvements to an existing facility in the Chickasaw Trails industrial park about 30 miles south of the Memphis International Airport in Marshall County.

In other sector news:

(+) Nike ( NKE ) raced over 10% at one point on Friday after exceeding analyst estimates with its fiscal Q2 financial results, prompting an upgrade of the running shoe company to buy from hold at Pivotal Capital while JPMorgan raised its investment rating to overweight from neutral.

(+) Del Frisco's Restaurant Group ( DFRG ) climbed as much as 7% during Friday trading after its board of directors tapped Piper Jaffray and Kirkland & Ellis as financial and legal advisors, respectively, to assist with a review of its strategic alternatives, including a potential sale of the company.

(+) CarMax ( KMX ) was almost 4% higher, overcoming an initial 2% decline, after the car retailer reported fiscal Q3 net income of $1.09 per share, improving on a $0.81 per share profit during the same quarter last year and beating the Capital IQ consensus by $0.09 per share.

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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