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Consumer Sector Update for 01/23/2018: NFLX,PG,KMB


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Top Consumer Stocks

WMT +0.23%

MCD +0.62%

DIS -0.83%

CVS -0.32%

KO +0.43%

Consumer stocks were broadly split between winners and losers, with shares of consumer staples companies in the S&P 500 sinking more than 0.3% this afternoon while shares of consumer discretionary firms in the S&P 500 were climbing more than 0.5%.

In industry news:

Same-store sales rose 3.8% over year-ago levels during the week ended Jan. 20, improving on a 2.6% increase during the prior weekly reporting period and marking the strongest rise of the new year. Month-to-date sales were little changed compared with December levels and climbing 0.3 percentage points to 3.3% percent over January 2016 sales.

Among consumer stocks moving on news:

+ Netflix ( NFLX ) was up by double-digits on Tuesday, easing slightly from a prior rise to a best-ever $257.71 a share after the streaming video service last night reported a 32.6% increase in Q4 revenue over year-ago levels to $3.286 bln and net income jumped almost three times over last year’s $0.15 per share profit, earning $0.41 per share during the three months ended Dec. 31. Both metrics matched analyst estimates. The company also sees its Q1 results topping the analyst means, with the company earning $0.63 per share on $3.686 bln in revenue. The Street is at $0.56 per share on $3.488 bln in revenue.

In other sector news:

– Procter & Gamble ( PG ) declined Tuesday despite the company’s reporting fiscal Q2 core earnings of $1.19 per share, adding $0.11 per share to last year’s core profit and beating the $1.13 per share analyst mean. Net sales rose 21% year over year to $17.40 bln, roughly in-line with the $17.39 bln consensus view.

– Kimberly-Clark ( KMB ) was fractionally higher after the company reported adjusted Q4 earnings of $1.57 per share, beating Street views by $0.03 per share. Net sales rose 0.9% to $4.58 bln, lagging the $4.61 bln analyst consensus.

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