Consumer Sector Update for 05/22/2019: AVP, JWN, LOW, WMT, DIS, MCD, CVS, KO

Top Consumer Stocks:

WMT: +0.33%

MCD: -0.42%

DIS: -0.02%

CVS: -0.39%

KO: -0.02%

Consumer heavyweights were declining in pre-bell Wednesday trade.

Stocks moving on news include:

(+) Avon Products (AVP), which was more than 15% higher after the Financial Times and the Wall Street Journal reported that Natura Cosmeticos is buying Avon in an all-stock transaction and will pay more than $2 billion for its US rival.

(-) Nordstrom (JWN) was down more than 10% after reporting Q1 earnings of $0.23 per share, a drop from the $0.51 per share posted in the year-ago quarter. Sales were $3.34 billion, a decline from $3.469 billion recorded last year. Analysts polled by Capital IQ were expecting a profit of $0.43 per share on sales of $3.56 billion.

(-) Lowe's Companies (LOW) was declining more than 8% as it booked fiscal Q1 adjusted earnings of $1.22 per share, up from $1.19 in the comparable period a year ago but missing the estimate of $1.33 from analysts polled by Capital IQ.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Latest Markets Videos