Consumer Sector Update for 08/03/2020: ADT, GOOG, GOOGL, NIO, CLX, XLP, XLY

Consumer firms were climbing pre-bell Monday as shares of staples companies in the S&P 500 (XLP) were 0.5% higher, while consumer discretionary firms (XLY) were recently climbing by 0.57%.

ADT (ADT) was surging past 68% amid a strategic partnership with Google (GOOG, GOOGL), which will see the Alphabet unit invest $450 million in the smart home products maker.

Nio (NIO) was up more than 4% after saying it delivered 3,533 vehicles in July, up 322.1% from the same month last year.

Clorox Co. (CLX) was down more than 2% even after it reported fiscal Q4 earnings of $2.41 per share, up from $1.88 per share a year earlier and beating the Capital IQ analyst consensus of $1.99.

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


Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

Learn More