Consumer stocks were broadly mixed on Wednesday after data showed a 0.3% increase in U.S. retail sales in November, down from a revised 1.8% gain the month before and delayed expectations for an increase of 0.8%.
At last look, the SPDR Consumer Staples Select Sector (XLP) ETF was up 0.6% while the SPDR Consumer Discretionary Select Sector (XLY) ETF was down 1.2%.
In company news, Aspen Group (ASPU) fell 29%, falling to its lowest price since February 2016, after the education technology company cut its revenue forecast for the year. 22 and increased its estimate of net loss per share for the entire year.
Lowe’s (LOW) climbed 1.3%, reversing a drop of more than 1% earlier Wednesday after the retailer released a sales forecast for fiscal year 22 according to analysts’ estimates, the company realizing annual sales of between $ 94 billion and $ 97 billion. The street is $ 97.4 billion.
Amcor (AMCR) rose 1.6% after BofA Securities raised its investment recommendation for the packaging company to buy underperformance with a price target of $ 13.20 for Amcor shares. The double upgrade came as the company announced a product price hike of up to 15% effective Jan. 1, citing ongoing supply issues and rising input costs.