Markets

Sector Update: Consumer Shares Edging Higher in Pre-Market

Top Consumer Shares:

WMT: +0.13%

MCD: +0.19%

DIS: +0.01%

CVS: flat

KO: -0.39%

GE: +0.16%

Consumer shares were generally higher ahead of the opening bell Wednesday.

In consumer stocks news, Costco Wholesale ( COST ) has announced Q4 results that beat the Street view on EPS and total revenues.

The company reported Q4 EPS of $1.58, up from $1.40 in the same period last year and beating analyst estimates of $1.52. Total front-end sales increased 2.2% in September compared with the same month in fiscal 2014, while comparable store front-end sales increased 1.7%.

Shares of COST were up about 2.6% at $128.50 in early pre-market trading within a 52-week range of $109.50 - $127.78.

And, American Airlines Group ( AAL ) on Wednesday reported its traffic results for September 2014, noting that the airline's total passenger load factor was 80.0% for the month, down 1.5 points versus September 2013.

AAL shares rose 1.14% in pre-market trading to $34.48.

Finally, Star Bulk Carriers ( SBLK ) was given a Buy rating at Maxim with a $17 price target. This is a 67% premium from Tuesday's closing price. Shares of SBLK last trades with a 52-week range of $7.72 to $15.88.

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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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