Consumer Sector Update for 12/21/2018: DFRG,NKE,KMX
Top Consumer Stocks
Consumer stocks still were lower, with shares of consumer staples companies in the S&P 500 sinking slightly into the red this afternoon, while shares of consumer discretionary firms in the S&P 500 were falling 1.5%.
Among consumer stocks moving on news:
(+) 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.
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.
(+) CarMax ( KMX ) was almost 5% higher, overcoming an initial 2% dip, 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.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.