01:38 PM EDT, 07/28/2025 (MT Newswires) -- Consumer stocks were mixed Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.8% and the Consumer Discretionary Select Sector SPDR Fund (XLY) increasing 0.8%.

In corporate news, Tesla (TSLA) has awarded an AI semiconductor manufacturing contract worth about 22.765 trillion South Korean won ($16.5 billion) to Samsung, the South Korean company said in a Monday filing. Tesla shares climbed 3.9%.

Hershey (HSY) is expected to report Q2 results above market expectations amid strong consumption trends, but tariff-related pressures could force it to adjust its earnings outlook downward for the ongoing three-month period, RBC Capital Markets said in a client note. Hershey shares were falling 0.9%.

Nike ( NKE ) shares rose 4% after JPMorgan upgraded the stock to overweight from neutral and raised its price target to $93 a share from $64.

Diageo ( DEO ) has appointed Bank of America (BAC) and Goldman Sachs (GS) to conduct a strategic review of its holding in East African Breweries, Bloomberg reported. Diageo ( DEO ) shares declined 2.2%.