Consumer Sector Update for 08/12/2019: SYY, NSIT, WMT, MCD, DIS, CVS, KO

Top Consumer Stocks:

WMT: -0.21%

MCD: Flat

DIS: -0.56%

CVS: -0.24%

KO: -0.04%

Consumer majors were mostly lower pre-market Monday.

Stocks moving on news include:

(+) Sysco (SYY), which was more than 3% higher after reporting adjusted earnings of $1.10 per share for the fiscal Q4 ending June 29, up from $0.94 per share in the year-ago quarter and beating the EPS consensus estimate of $1.07 from Capital IQ-polled analysts.

In other industry news:

Insight Enterprises (NSIT) said Monday that it plans to offer $300 million aggregate principal amount of convertible senior notes due 2025 in a private offering to qualified institutional buyers, subject to market and other conditions.

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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