Top Consumer Stocks
Consumer stocks were giving back some of their gains from earlier this week, with shares of consumer staples companies in the S&P 500 dropping more than 1.3% while shares of consumer discretionary firms in the S&P 500 were slipping nearly 0.2%.
In company news, shares of bebe stores ( BEBE ) were continuing to drift lower Friday , falling almost 3% in recent trading as the women’s apparel retailer receives little apparent help from a new partnership with Global Brands Group Holding to relaunch its recently retooled digital sales platform along with global its store locations to meet heightened shopping expectations.
In other sector news,
(+) WFM, (+28.6%) Agrees to $13.7 bln buyout offer from Amazon ( AMZN ), which pay $42 in cash for each Whole Foods share, representing a 27% premium to Thursday’s closing price.
(-) CALM, (-5.0%) Cut to Sell from Neutral at Goldman Sachs, which also today lowered its investment call for Kroger ( KR ) to Neutral from Buy in another downgrade.
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