Consumer Sector Update for 07/17/2020: RMBL, MRTN, ALV, XLP, XLY

Consumer stocks were mostly flat during Friday's premarket trading. Shares of staples companies in the S&P 500 (XLP) and consumer discretionary firms (XLY) were little changed.

Stocks moving on the news include RumbleON (RMBL), which jumped more than 86% before markets open. The company said Thursday it was chosen for a pilot program with CarGurus.

Marten Transport (MRTN) also added nearly 5% after announcing a 3-for-2 split of its common stock in addition to its regular quarterly dividend of $0.04 per share. The company also reported higher Q2 earnings and revenue.

Meanwhile, Autoliv (ALV) slipped more than 2% after reporting Q2 adjusted net loss of $1.40 per share, compared with earnings of $1.38 per share a year earlier. Revenue also declined to $1.05 billion from $2.16 billion the previous year.

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


More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.