26 Jan Consumer Sector Update for 01/24/2018: WMT, MCD, DIS, CVS, KO, PG, GWW, NSC, SBUX, JAX
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Top Consumer Shares:
WMT: +0.1%
MCD: -0.0%
DIS: +0.4%
CVS: +0.6%
KO: flat
PG: +0.3%
Consumer shares were steady ahead of the opening bell on Wednesday.
Expected movers:
– W.W. Grainger ( GWW ): Q4 EPS, revenue beat forecasts; raises 2018 EPS guidance
– Norfolk Southern ( NSC ): posts higher Q4 earnings; revenue tops views
Other news:
– Starbucks ( SBUX ): allots $250 million for wage increases, additional benefits to employees
– J. Alexander’s ( JAX ): says shareholders owning around 20% support acquisition of 99 restaurants
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