Consumer Sector Update for 04/12/2019: DIS, WPP, BX, CG, JAX, WMT, MCD, DIS, CVS, KO

Top Consumer Stocks:

WMT: +0.25%

MCD: +0.31%

DIS: +7.1%

CVS: +0.42%

KO: +0.43%

Top consumer stocks were gaining in Friday's pre-market trading.

Stocks moving on news include:

(+) Walt Disney (DIS), which was up more than 6% after saying its ad-free Disney+ offering will launch on Nov. 12 in the US at $6.99 per month. It will include Disney, Pixar, Marvel, Star Wars, and National Geographic, and will be available on connected TV and mobile devices.

In other sector news:

(=) WPP (WPP) was flat after the Financial Times reported that Blackstone (BX), Carlyle Group (CG), and Advent International are dropping out of the race to acquire consumer research unit Kantar.

(=) J. Alexander's (JAX) was flat after reporting that Ancora Advisors' unsolicited acquisition proposal for $11.75 per share in cash "dramatically undervalues" the company.

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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