Top Consumer Stocks
Consumer stocks were broadly higher, with shares of consumer staples companies in the S&P 500 climbing nearly 1.1% this afternoon, while shares of consumer discretionary firms in the S&P 500 were ahead over 3.7%.
Among consumer stocks moving on news:
(+) Roku ( ROKU ) was trading 9% higher this afternoon, after Needham & Co named the video-access application its "Top Pick" for 2019 while maintaining a buy rating and a $45 price target for the company's stock.
In other sector news:
(+) Amazon.com ( AMZN ) was almost 7% higher after saying sales during the current holiday season were its best ever, although the online retailer did not provide specific sales totals.
(+) JD.com ( JD ) climbed almost 5% higher at one point during Wednesday trading after the Chinese ecommerce platform began a new stock buyback program to repurchase up to $1 billion of its common shares over the next 12 months.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.