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Sector Update: Consumer Stocks Mixed Late Afternoon
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Sector Update: Consumer Stocks Mixed Late Afternoon
Jun 30, 2025 1:19 PM

03:49 PM EDT, 06/30/2025 (MT Newswires) -- Consumer stocks were mixed late Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) adding 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.6%.

In corporate news, Crocs' ( CROX ) fiscal 2025 earnings are likely to take a hit from weak US wholesale revenue amid a worsening macro backdrop, BofA Securities said Monday in a note. BofA trimmed its price target on Crocs ( CROX ) to $135 from $140, while reiterating its buy recommendation given the stock's "attractive" risk-reward profile. Crocs ( CROX ) shares were down 2.1%.

Hyatt Hotels ( H ) agreed to sell Playa Hotels & Resorts' real estate portfolio to Tortuga Resorts for $2 billion. Hyatt shares edged up 0.1%.

Home Depot's ( HD ) SRS Distribution unit agreed to buy GMS (GMS) for $4.3 billion, the companies said, less than two weeks after QXO (QXO) announced its offer for the building products distributor. Home Depot ( HD ) shares fell 0.6%, GMS jumped past 11%, and QXO rose 4%.

Ford (F) temporarily idled multiple US factories over the past three weeks due to a shortage of magnets containing rare earth minerals amid Washington's trade tensions with China, Bloomberg reported, citing Chief Executive Officer Jim Farley. Ford shares rose 0.2%.

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