Sector Update: Consumer Stocks Mixed Pre-Bell Thursday

MT Newswires Live
01-16

Consumer stocks were mixed pre-bell Thursday as the Consumer Staples Select Sector SPDR Fund (XLP) was 3.4% higher and the Consumer Discretionary Select Sector SPDR Fund (XLY) was recently down 0.1%.

Life Time Group Holdings (LTH) shares rose past 11% after the company said it expects Q4 adjusted earnings and revenue to increase from a year earlier.

Target (TGT) shares were down more than 3% even after the company raised its Q4 comparable sales growth forecast to around 1.5%, from its previous expectation of flat sales.

PVH (PVH) was accused of improper conduct by China's commerce ministry related to the Xinjiang region, Reuters reported, citing preliminary findings. PVH shares were 0.3% higher pre-bell.

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