Consumer Sector Update for 02/02/2018: HMC,CLX,MAN


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Top Consumer Stocks

WMT +0.28%

MCD -0.40%

DIS -1.21%

CVS -3.10%

KO -0.90%

Consumer stocks still were broadly mixed Friday, with shares of consumer staples companies in the S&P 500 sinking almost 0.9% in afternoon trading while shares of consumer discretionary firms in the S&P 500 were climbing nearly 0.6%.

Among consumer stocks moving on news:

+ Honda Motor Company ( HMC ) has been speeding past any downward bias in Friday markets, climbing over 6% to a four-year high of $37.29 a share, after the auto-maker reported improved adjusted fiscal Q3 net income compared with year-ago levels, earning JPY318.50, or $2.90, per share, from JPY93.67 per share during the final three months of 2017 and beating the Capital IQ consensus expecting JPY91.2 per share. It attributed much of the increase in per-share earnings to recent changes in US federal tax laws. Total sales rose 13% year over year to JPY39.57 billion, or about $360 million, also exceeding the JPY37.26 billion analyst mean. Honda is projecting adjusted FY18 earning of JPY557.7 per share on JPY152 billion in sales. Forward estimates were not available.

In other sector news:

– Clorox ( CLX ) was losing ground Friday after the bleach producer narrowly missed Wall Street expectations with its fiscal Q2 revenue, rising 0.7% to $1.42 billion and lagging the Capital IQ consensus by $10 million. Excluding one-time items, the company also earned $1.23 per share, matching analyst estimates. It increased its FY18 earnings outlook to a new range of $6.17 to $6.37 compared with $5.47 to $5.67 per share previously and exceeding the Street view looking for $5.68 per share.

– ManpowerGroup ( MAN ) was down almost 7% Friday afternoon, staying within easy reach of its session low of $123.43 a share, despite easily beating Street forecasts with a Q4 EPS of $3.22, surpassing the Capital IQ consensus forecast expecting a $2.06 per share profit. Revenue rose 13.7% to $5.64 billion, also topping the $5.54 billion analyst mean.

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