Sector Replace: Shopper Staples Shares Climbing in Defensive Friday Commerce


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.

Stay up to date

Subscribe to our daily morning update newsletter and don’t miss any important market news, moves and more.

You may also like