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Sector Update: Consumer Stocks Mixed in Late Afternoon Trading
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Sector Update: Consumer Stocks Mixed in Late Afternoon Trading
Sep 16, 2024 1:28 PM

03:45 PM EDT, 09/16/2024 (MT Newswires) -- Consumer stocks were mixed late Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) easing 0.1%.

In corporate news, Amazon.com ( AMZN ) will return to its pre-COVID work environment with workers expected to be in the office every day except for extenuating circumstances, effective Jan. 2, Chief Executive Officer Andy Jassy said. Amazon ( AMZN ) shares were shedding 0.7%.

Darden Restaurants ( DRI ) may miss Wall Street's estimates for fiscal Q1 when it reports results on Thursday but may reiterate its full-year outlook against easing comparisons, Oppenheimer said Monday. Darden shares were down 0.2%.

Gaucho (VINO) shares jumped 13% after the company said it expects to save $1.6 million in the next 12 months through a restructuring and cost-cutting strategy.

Hasbro ( HAS ) is set up for a strong 2025 on signs of "very strong momentum" in recent "Magic: The Gathering" set releases and bullish prospects in the toy business, BofA Securities said in a report. BofA raised the company's price target to $90 from $85 and reiterated its buy rating on the stock. Hasbro ( HAS ) shares rose 1.6%.

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