Consumer stocks were mixed premarket Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.4% higher.
Fresh Del Monte Produce (FDP) and B&G Foods (BGS) are among the successful bidders in a court-supervised auction for the assets and business operations of Del Monte Foods Corporation II, which is undergoing a Chapter 11 process, the food company said. Shares of Fresh Del Monte Produce and B&G Foods were up more than 1% pre-bell.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments