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Consumer Sector Update for 12/29/2016: F, SHLD, WMT, MCD, DIS, CVS, KO

Highs and Lows Stock Data

Top Consumer Shares:

WMT: +0.3%

MCD: -0.02%

DIS: +0.5%

CVS: flat

KO: +0.2%

Consumer shares were mixed ahead of the opening bell Thursday.

In consumer stocks news, Sears ( SHLD ) was up 11.7% after it said it has secured a standby letter of credit facility, which provides it with funding worth up to $200 million. The facility, with the consent of lenders, may be increased to $300 million. "This new standby letter of credit facility further demonstrates that Sears Holdings has numerous options to finance our business strategy," CFO Jason Hollar said.

And, Ford Motor Company ( F ) has emailed an advertisement to possible customers in the U.S. urging them to buy a work truck, large sport-utility vehicle or van before the end of the year to take advantage of potentially substantial tax breaks, The Wall Street Journal reported.

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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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