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Sector Update: Consumer

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Consumer stocks were ending narrowly mixed this afternoon with shares of consumer staples companies in the S&P 500 declining around 0.2%. Shares of consumer discretionary firms in the S&P 500 were up about 0.1%.

In company news, Republic Airways Holdings ( RJET ) was banking higher just ahead of the closing bell and the regional airline company saying it has amended its purchase agreement with Embraer SA ( ERJ ), buying another 50 of Brazilian manufacturer's E175 small-body passenger jets.

The new deal is valued at $2.1 billion, ERJ said in a securities filing today. The companies in January 2013 initially inked a firm purchase order for 47 of the 76-seat jets, which also included an option to buy up to 47 additional jets.

RJET shares were ahead nearly 10% in late trade at $11.30 apiece, easing slightly from its $11.37 a share session high. The stock has traded within a 52-week range of $7.82 to $13.51 a share, declining about 19.5% over the past 12 months heading into today's session.

ERJ American depository shares were down 0.2% at $39.81 each this afternoon, giving back a 1% advance earlier in today's trading.

In other sector news,

(+) YRCW, Forecasts as much as a 350% jump in its Q3 operating income over its year-ago period, now expecting between $22 mln to $27 mln, up from $6 million in operating income during the same quarter last year.

(-) SKX, Files suit in federal court against DB Shoe, contending the California-based retailer was selling footwear stepping on SKX's Skecher Go Walk product line.

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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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