01:49 PM EDT, 06/21/2024 (MT Newswires) -- Consumer stocks were edging up Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.2%.

In corporate news, CarMax ( KMX ) shares were up 0.2% amid better-than-expected fiscal Q1 results.

Kartoon Studios ( TOON ) shares jumped 7% after the firm plans to launch its "Winnie-The-Pooh" brand, with an animated holiday movie, five holiday specials, and a four-year 104-episode series, on Amazon.com's ( AMZN ) Prime Video platform.

Nike's ( NKE ) plans to refocus on production innovation and brand building are likely to lead to a gradual rebound in its short-term financials, Oppenheimer said. It upgraded the stock to outperform from perform and lifted its price target to $120 from $110. Nike ( NKE ) shares added 1.2%.