Consumer Sector Update for 11/14/2019: GDEN,CPA,IGT,NBEV

Top Consumer Stocks

WMT -0.81%

MCD -0.49%

DIS -1.03%

CVS -0.03%

KO +0.35%

Consumer stocks still were mixed in late Thursday trade, with the shares of consumer staples companies in the S&P 500 falling almost 0.2% this afternoon while the shares of consumer discretionary firms in the S&P 500 were climbing more than 0.4%.

Among consumer stocks moving on news:

(+) Golden Entertainment (GDEN) was 6% higher in late Thursday trading after a new regulatory filing showed board member Anthony Marnell Wednesday bought 64,095 shares of the casino and resort company's common stock at a weighted average of $16.85 apiece, increasing his overall direct stake to 102,774 shares. Marnell indirectly controls another 779,024 shares through various family trusts.

In other sector news:

(+) International Game Technology (IGT) climbed more than 24% on Thursday after the casino technology company reported a 0.8% drop in total Q3 revenue compared with year-ago levels, falling to $1.15 billion but still matching the Capital IQ consensus call for the three months ended Sept. 30.

(+) Copa Holdings SA (CPA) climbed 1% after the Columbian passenger and cargo air carrier reported Q3 net income of $2.45 per share, up from $1.36 last year and beating the Capital IQ consensus expecting a $2.27 profit. Total revenue increased over year-ago levels to $708.2 million and beat the $698.6 million Street view. The airline also said its October load factor rose 2.9 percentage points year-over-year to 84.9%.

(-) New Age Beverages (NBEV) fell 11% after the bottled dietary supplements company missed analyst projections with its Q3 financial results, including a $0.14 per share net loss during the September quarter and missing the Capital IQ consensus modeling a $0.05 per share loss. Net sales surged 429% over the year-ago period to $69.8 million but also came in slightly shy of the $70 million Street view.

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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