Markets

Consumer Sector Update for 10/03/2019: TSLA, STZ, PEP, WMT, MCD, DIS, CVS, KO

Top Consumer Stocks:

WMT: +0.11%

MCD: -0.03%

DIS: -0.19%

CVS: Flat

KO: +0.15%

Leading consumer stocks were mixed in Thursday's pre-market trading.

Stocks moving on news include:

(-) Tesla (TSLA), which was almost 5% lower after it achieved record production of 96,155 vehicles and record deliveries of about 97,000 vehicles in Q3, though deliveries came in below expectations of 99,000, according to FactSet data.

(-) Constellation Brands (STZ) was declining by almost 3% after it reported fiscal Q2 adjusted earnings of $2.72 per share, down from $2.87 in the same period a year ago and topping the estimate of $2.62 from analysts polled by Capital IQ.

(+) PepsiCo (PEP) was 2% higher as it booked Q3 core earnings of $1.56 per share, down from $1.59 per share in the 2018 quarter but higher than the EPS consensus estimate of $1.51 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.

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