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Sector Update: Consumer Stocks Mixed Late Afternoon

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Consumer stocks were mixed late Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 1.9% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 2.1%.

In corporate news, Chipotle Mexican Grill (CMG) shares were up 4.1% in Friday trading after JPMorgan upgraded the stock to overweight from neutral.

Lululemon Athletica's (LULU) weak product assortment and soft traffic trends won't be resolved anytime soon, making any pullback following its disappointing Q1 results a poor buying opportunity, UBS Securities said Friday. Lululemon shares fell 7.5%.

J.M. Smucker's (SJM) fiscal Q4 results and fiscal 2027 guidance are expected to be generally in line with expectations, RBC Capital Markets said in a Friday note. J.M. Smucker shares rose 2.7%.

Six Flags Entertainment (FUN) expanded its membership program at six more parks beginning June 8, the company said Friday. Shares of Six Flags were down 1.9%.

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