BUZZ-US consumer, retail stocks up amid broader market rise

Reuters03-23 22:43
BUZZ-US consumer, retail stocks up amid broader market rise 

** Shares of U.S. retailers rise as risk appetite returned to markets after U.S. President Donald Trump said he had ordered the military to postpone strikes against Iranian power plants and energy infrastructure following "productive conversations" with Tehran

** Big-box retailer Walmart WMT.O up 1.2% and Target TGT.N up 2.5%

** Dollar General DG.N up ~1% and Dollar Tree DLTR.O up 2.7%

** Apparel companies: Abercrombie & Fitch ANF.N, Under Armour UAA.N, VF Corp VFC.N and Gap GAP.N up between 3% and 5%

** Sportswear giant Nike NKE.N and Deckers Outdoor DECK.N both up 2.5% and German sandal maker Birkenstock's BIRK.N U.S-listed shares rise 5.5%

** Home Depot HD.N, Lowe's LOW.N, Williams-Sonoma WSM.N and Masco MAS.N up between 3% and 5%

** Luxury brands: Ralph Lauren RL.N, Capri Holdings CPRI.N and Tapestry TPR.N up between 4% and 5%

** Cruise operators Norwegian Cruise Line NCLH.N, Carnival Corp CCL.N, Royal Caribbean RCL.N, Viking Holdings VIK.N up between 6% and 8%

** Shares of Jack Daniel's maker Brown-Forman BFb.N, beermaker Molson Coors TAP.N, Samuel Adams maker Boston Beer SAM.N and Corona beermaker Constellation Brands STZ.N up between 1.5% to 2%

** Beauty companies Estee Lauder EL.N up ~5%, Elf Beauty ELF.N up ~3%

(Reporting by Sanskriti Shekhar in Bengaluru)

((Sanskriti.Shekhar@thomsonreuters.com))

At the request of the copyright holder, you need to log in to view this content

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

We need your insight to fill this gap
Leave a comment