Sector Update: Consumer Stocks Mixed Pre-Bell Monday

MT Newswires Live
Oct 13

Consumer stocks were mixed pre-bell Monday, with The Consumer Staples Select Sector SPDR Fund (XLP) down 0.3% and The Consumer Discretionary Select Sector SPDR Fund (XLY) 1.1% higher.

Stellantis (STLA) has postponed the launch of its new strategic plan to Q2 2026, allowing recently appointed CEO Antonio Filosa more time to prepare for the company's capital markets day, Reuters reported, citing the transcript of a call Stellantis' Global Head of Investor Relations, Ed Ditmire, held with analysts late on Friday. Stellantis shares were up more than 3% premarket.

Beyond Meat (BYND) said its offer to exchange its existing zero-interest convertible notes due in 2027 for new 7% secured notes due in 2030 and shares of its common stock was successfully subscribed with 96.92% of the holders tendering in for the exchange. Beyond Meat shares were down more than 56% pre-bell.

Amazon.com (AMZN) shares were 0.7% higher after the company said it is hiring 250,000 workers for its fulfillment and transportation network in the US this holiday season.

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