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Consumer Stocks Sliding Firmly Into the Red; Hasbro Up 5% Following Q3 EPS, Revenue Beats

Top Consumer Stocks

WMT -0.85%

MCD -0.92%

DIS +0.39%

CVS -1.02%

KO +0.03%

Consumer stocks have turned solidly lower, with shares of consumer staples companies in the S&P 500 retreating 0.5% while shares of consumer discretionary firms in the S&P 500 are down about 0.1%.

In company news, Hasbro ( HAS ) is up 5% at $49.60 a share, previously climbing to a new 52-week high of $51.68 after reporting a 1.9% increase in Q3 revenue over year-ago levels to $1.37 billion, beating the analyst consensus by around $40 million.

The toy-maker earned $1.31 per share, topping expectations by $0.02 per share.

In other sector news,

(+) HOTR, (+3.3%) Parent company of Hooter's restaurant chain closes private placement of 666.667 equity units priced at $3.75 each, generating $2.5 mln in gross proceeds.

(-) JCP, (-4.6%) Imperial Capital reiterates Underperform rating with $1 price target, the lowest among the 17 analysts following the retailer.

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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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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