Consumer stocks rose Friday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.9% and the Consumer Discretionary Select Sector SPDR Fund (XLY) climbing 1.5%.
In corporate news, Gap (GAP) is likely on course for a boost to its earnings estimates after the apparel company's fiscal Q3 benefited from a number of positive surprises, Morgan Stanley said. Gap shares jumped 10%.
Ross Stores (ROST) shares rose 2.3% as the discount retailer lifted its full-year earnings outlook despite lower-than-expected fiscal Q3 sales amid softening consumer discretionary spending.
Lifeway Foods (LWAY) founding shareholders Edward and Ludmila Smolyansky, who own a combined stake of 29.7%, urged the company's board to create a special committee that will evaluate and negotiate a transaction with Danone or other potential buyers. Lifeway shares rose 0.8%.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。