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Consumer Sector Update for 12/27/2016: TM,ABAC,HMC

Top Consumer Stocks

WMT +0.32%

MCD +0.01%

DIS +0.02%

CVS +0.16%

KO +0.11%

Consumer stocks still were mostly on positive ground this afternoon, with shares of consumer staples companies in the S&P 500 gaining about 0.1%, reversing an earlier decline, while shares of consumer discretionary firms in the S&P 500 increased nearly 0.4%.

In company news, Toyota Motor Corp ( TM ) declined Tuesday after the automaker reportedly issued a voluntary recall of 18,757 Lexus vehicles sold in Russia because of a possible fault in their braking systems.

The recall affects NX 200, NX 200t and NX 300h models sold after Sept. 11 2014, according to a Reuters report, citing a statement by the Rosstandart Russian standards agency.

TM shares were down about 1.2% at $119.40 apiece, easing from an earlier rise to an intra-day high of $119.96 a share.

In other sector news,

(+) ABAC, Agrees to transfer 88% equity stake in Hang-ao to Zhong Bi Cheng for about $3.7 mln (RMB 26 mln), with RMB 5 mln already paid to the company and the remaining RMB 21 mln due by Friday, Dec. 30.

(-) HMC, November 2016 production rises to 458,822 units, up 11.8% over year-ago levels.

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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