Top Consumer Stocks
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.
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