Consumer Sector Update for 01/12/2018: WMT, MCD, DIS, CVS, KO, PG, TOUR, GM, BVS.L

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Top Consumer Shares:

WMT: +0.3%

MCD: +0.4%

DIS: +0.3%

CVS: flat

KO: +0.4%

PG: +0.2%

Consumer shares were higher ahead of the opening bell on Friday.

Expected movers:

– Tuniu ( TOUR ): to buy back $100 million in common shares

Other news:

– Wal-Mart Stores ( WMT ): closing about 63 Sam’s Club stores across United States

– General Motors ( GM ): applies for US OK to get fully autonomous car on the road by 2019

News from overseas:

– Bovis Homes Group (BVS.L): UK housebuilder says 2017 profit to come in line with expectations amid year of controlled growth

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