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Consumer Stocks Mixed; JC Penny Rising Following Reassuring Remarks by CEO

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MCD +0.44%

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KO +1.28%

Consumer stocks are mixed, with shares of consumer staples companies in the S&P 500 climbing nearly 1.3% while shares of consumer discretionary firms in the S&P 500 are down about 0.2%.

In company news, J.C. Penney ( JCP ) is up 7% at $7.27 a share, just pennies off its session higher following reports CEO Myron Ullman is reassuring investors that Q3 same-store sales for the department-store retailer are expected to rise as previously stated.

In addition to sales comments made at the investor conference Monday, Reuters reports that Ullman also indicated morale among employees is better than expected.

In other sector news,

(+) BDLR, (+7.8%) Imperial Capital raises price target for the building-products supplier by 50 cents to $8.50 a share.

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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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