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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