Consumer Sector Update for 01/16/2018: WMT, MCD, DIS, CVS, KO, PG, CAR, RBA, JD.L

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Top Consumer Shares:

WMT: +0.6%

MCD: flat

DIS: +0.5%

CVS: +0.9%

KO: +0.5%

PG: +1.4%

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

Expected movers:

– Avis Budget Group ( CAR ): OKs rights plan to fend off SRS Investment Management

Other news:

– Ritchie Bros ( RBA ): buys collector car auctioneer Leake Auction Company for undisclosed amount

– McDonald’s ( MCD ): plans to improve packaging to reduce waste

News from overseas:

– JD Sports Fashion plc (JD.L): surges in London trading following upbeat holiday sales figures

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