09:09 AM EDT, 05/20/2024 (MT Newswires) -- Consumer stocks were advancing premarket Monday, with the Consumer Staples Select Sector SPDR Fund ( XLP ) up 0.2% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) 0.6% higher recently.

Global-e Online ( GLBE ) was rallying past 17% after it reported a narrowed Q1 loss as revenue increased during the period.

Spectrum Brands Holdings ( SPB ) was more than 1% higher after saying its Spectrum Brands Inc. subsidiary has launched a cash tender offer of up to $925 million of its senior notes.

Coca-Cola Consolidated ( COKE ) was up 0.3% after saying it has commenced a tender offer to purchase up to $2 billion worth of common shares.