Sector Update: Consumer
Consumer stocks are ending higher with shares of consumer staples companies in the S&P 500 adding about 0.1% while shares of consumer discretionary firms in the S&P 500 are up 0.7%.
In company news, Navistar International Corp. ( NAV ) is enjoying a small boost this afternoon, with shares rising 0.7% to $36.19 each after BB&T Capital today began analyst coverage of the commercial and military truck manufacturer with a Buy rating and a $45 price target.
In other sector news,
(+) SWY, Q3 adjusted EPS of $0.30 beats by $0.14 while sales rise 1.1% to $8.6 bln, topping Street by $100 mln. Cuts FY13 adjusted EPS outlook to $1.05 to $1.12, which excludes $0.12 for upcoming exit from Chicago market but still topping estimates.
(-) GPS, Reports little change in its September 2013 net sales compared to year-ago levels while same-store sales fell 3.0 company-wide last month.
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