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Sector Update: Consumer Stocks Mixed Late Afternoon
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Sector Update: Consumer Stocks Mixed Late Afternoon
Feb 21, 2025 1:16 PM

03:47 PM EST, 02/21/2025 (MT Newswires) -- Consumer stocks were mixed in late Friday afternoon trading, with the Consumer Staples Select Sector SPDR Fund (XLP) rising 1.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 2.8%.

In corporate news, Wingstop ( WING ) shares dropped 5.2% after Northcoast downgraded the stock to neutral from buy.

Domino's Pizza (DPZ) is likely to see soft comparable sales trends continue into the fiscal Q1, but factors including menu innovation are expected to help speed up gains in H2, Wedbush said in a note. It kept its outperform rating while lifting its price target to $500 from $470. Domino's shares were down 1.6%.

Celsius (CELH) shares jumped 27% after it agreed to buy energy drink maker Alani Nutrition for $1.8 billion in cash and stock.

Tesla (TSLA) is being approached by a Japanese group with a proposal for an investment in Nissan following the failure of its merger attempt with Honda (HMC), The Financial Times reported. Tesla shares were falling 5.2%.

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