Consumer Sector Update for 06/14/2019: COE, MED, CBS, VIAB, VIA, WMT, MCD, DIS, CVS, KO

Top Consumer Stocks:

WMT: -0.32%

MCD: Flat

DIS: +0.18%

CVS: -0.20%

KO: -0.21%

Top consumer stocks were mostly lower pre-market Friday.

In other sector news:

(=) China Online Education Group (COE) was flat after reporting a Q1 adjusted loss of RMB2.85 ($0.45) per American depositary share, compared with the year ago net loss of RMB5.25 per ADS.

(=) Medifast (MED) was unchanged as the company said its board approved a quarterly cash dividend of $0.75 per share, unchanged from the previous dividend.

(=) CBS (CBS) and Viacom (VIAB, VIA) are set to begin merger talks on Friday after a CBS Board meeting, CNBC said. CBS was flat after the news.

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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