09:09 AM EDT, 09/16/2024 (MT Newswires) -- Consumer stocks were edging higher pre-bell Monday as the Consumer Staples Select Sector SPDR Fund ( XLP ) and Consumer Discretionary Select Sector SPDR Fund ( XLY ) were both up 0.2% recently.

Estee Lauder ( EL ) issued a statement urging shareholders to reject TRC Capital Investment's unsolicited mini-tender offer to purchase up to 1.5 million Estee Lauder ( EL ) class A common shares at $83.65 per share in cash. Estee Lauder ( EL ) shares were 0.7% higher premarket.

Walt Disney ( DIS ) shares were up 0.4% after the company and DirecTV said they have reached an agreement in principle to restore Disney ( DIS ) content to DirecTV.

Target ( TGT ) shares advanced by 0.5% after the company said it will hire about 100,000 seasonal workers across its stores and supply chain facilities for the upcoming holiday season.