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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
Jun 20, 2025 1:23 PM

04:00 PM EDT, 06/20/2025 (MT Newswires) -- Consumer stocks were mixed late Friday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.7% and the Consumer Discretionary Select Sector SPDR Fund (XLY) little changed, erasing earlier gains.

In corporate news, Stellantis ( STLA ) is exploring various options for its Maserati unit, including a potential sale, Reuters reported. Stellantis ( STLA ) shares fell 1.4%.

Mondelez International (MDLZ) shares rose 3% after Wells Fargo upgraded the stock to overweight from equal weight and boosted its price target to $78 per share from $68.

GMS (GMS) shares jumped 25%. QXO (QXO) won't raise its $5 billion bid for the building products distributor after Home Depot (HD) reportedly made an undisclosed offer, Bloomberg reported.

Kroger ( KR ) raised its guidance for identical sales growth for fiscal 2025 after the supermarket chain reported a Q1 increase in the metric. The shares jumped 9.6%.

CarMax ( KMX ) reported better-than-expected fiscal Q1 results amid higher sales for used vehicles despite lower prices. CarMax ( KMX ) shares advanced 6.6%.

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