Top Consumer Stocks
Consumer stocks turned lower on Tuesday, with the shares of consumer staples companies in the S&P 500 falling almost 0.2% this afternoon while the shares of consumer discretionary firms in the S&P 500 also were down nearly 0.2%.
Among consumer stocks moving on news:
(+) Container Store (TCS) was ahead over 5% in late Tuesday trade after the specialty retailer said sales at store open more than 12 months increased 3.0% during its fiscal Q3 ended Dec. 31 compared with year-ago levels, topping the Capital IQ consensus expecting 2.5% growth.
In other sector news:
(+) Big 5 Sporting Goods (BGFV) climbed 30% after the retailer said it expects to report a surprise Q4 profit in a range of $0.02 to $0.04 per share, reversing its prior forecast looking for a loss between $0.04 to $0.16 per share. Analyst estimates were not available.
(+) Delta Air Lines (DAL) rose 3.3% after Chief Executive Ed Bastian said the carrier just completed its best year ever, with non-GAAP Q4 net income of $1.70 a share, climbing $0.40 per share over the year-ago period and topping the Capital IQ consensus for $1.39 a share. Operating revenue climbed 6.5% to $11.44 billion, also beating the $11.37 billion analyst mean.
(+) Five Below (FIVE) has recouped roughly half of its Monday decline, rising 6%, following a Credit Suisse upgrade of the retailer to outperform from neutral previously. The brokerage also assigned a $125 price target for the company's shares.
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