Sector Replace: Shopper Staples Shares Climbing in Defensive Friday Commerce

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Consumer stocks were largely mixed in Friday’s trading, with the SPDR Consumer Staples Select Sector ETF (XLP) gaining 0.7% while the SPDR Consumer Discretionary Select Sector ETF (XLY) fell 0.3% this afternoon.

On company news, Simply Good Foods (SMPL) rose 5.6% after adjusted net income of $ 0.29 per share and revenue for the 28th year-ago level – which is in a range of $ 1.09 billion to $ 1 , Indicates $ 11 billion, while Street View expects sales of $ 1.08 billion this year. It also expects non-GAAP earnings per share to grow faster than projected revenue growth for fiscal year 22.

Tri Pointe Homes (TPH) rose 3.8% after B Riley, RBC Capital Markets and Wedbush raised their respective price targets for the home builder’s shares after the company announced better-than-expected third-quarter financial results on Thursday .

Mattel (MAT) rose 1.4% after the toy maker reported better-than-expected Q3 results and also raised its sales guidance for FY21.

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