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Consumer Sector Update for 12/28/2016: SUMR, F, WMT, MCD, DIS, CVS, KO

Top Consumer Shares:

WMT: +0.8%

MCD: flat

DIS: -0.3%

CVS: flat

KO: +0.7%

Consumer shares were mixed ahead of the opening bell Wednesday.

In consumer stocks news, Ford Motor Company ( F ) was up 0.1% after it said it will introduce its next-generation Fusion Hybrid autonomous development vehicle in January. The new cars gain more computer processing power thanks to new hardware, new electrical controls and Lidar sensors. Meanwhile, Ford plans to add 20 next-generation autonomous research vehicles this year, bringing the total to 30, according to Cnet. Next year, it hopes to triple that number to 90 development vehicles, the report said.

And, Summer Infant ( SUMR ) said late Tuesday that former CEO and board member Carol Bramson, along with two other former executives Annamaria Dooley and Kenneth Price, have resolved all legal issues between them and have dropped their respective civil litigation that had been pending in U.S. District Court in Rhode Island. Terms of the settlements were not disclosed. The company sued the three in May 2015, accusing them of theft and missappropriation of trade secrets after saying it allegedly caught them writing about their plans to create a competing company also producing safety products for newborns and children up to 3 years in age. It previously settled litigation involving three other former employees or consultants.

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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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