Consumer Sector Update for 11/15/2019: FTCH, JD, JCP, WMT, MCD, DIS, CVS, KO

Top Consumer Stocks:

WMT: +0.39%

MCD: +0.30%

DIS: +0.10%

CVS: +0.75%

KO: +0.13%

Top consumer stocks were higher during pre-market trading Friday.

Stocks moving on news include:

(+) Farfetch (FTCH), which rose more than 26% after reporting Q3 adjusted net loss of $0.18 per share, compared with a loss of $0.15 per share a year ago. This figure beat Street forecast of a loss of $0.20 per share.

(+) J. C. Penney Company (JCP), which gained more than 10% after posting a fiscal adjusted loss of $0.30 per share, narrower than the year-ago loss of $0.52 per share and above the Capital IQ estimate of a loss of $0.54 per share.

(+) (JD), which was up by over 4%. The company reported Q3 non-GAAP net income of RMB2.08 ($0.29) per American depositary share, up from RMB0.80 per ADS a year ago and beating the average estimate from Capital IQ of RMB1.19.

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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