Top Consumer Stocks
Consumer stocks were mixed again this afternoon, with shares of consumer staples companies in the S&P 500 adding almost 0.4% in value today while shares of consumer discretionary firms in the S&P 500 were sliding 0.3% lower.
In company news, Weight Watchers International’s ( WTW ) share price fell Friday after analysts at Morgan Stanley reduced their investment call for the weight-loss and lifestyles company to hold from buy.
The downgrade follows Weight Watchers last month reporting a 3% increase in Q3 revenue over year-ago levels to $281 million which still came up shy of the Capital IQ consensus expecting $290.25 million for the three months ended Sept. 30. The company also earned $0.53 per share, topping estimates for a GAAP profit of $0.50 per share.
Weight Watchers yesterday also launched a new subscription plan providing new members with a Series 2 Apple ( AAPL ) Watch with the purchase of an OnlinePlus membership.
WTW shares recently were down almost 7% at $10.02 apiece, or just two pennies above their recent session low.
In other sector news,
(+) CORE, (+9.1%) Wholesale distributor inks three-year pact with Walmart Stores ( WMT ) to supply candy, tobacco and certain snack foods to Walmarts’s Neighborhood Markets and Supercenter stores in five western states.
(-) JWN, (-8.9%) JPMorgan downgrade to underweight from neutral. Price target also trimmed by $7 to $48 a share.
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