Sector Update: Consumer Stocks Mixed Pre-Bell Monday
Consumer stocks were mixed pre-bell Monday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 1.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.6% lower.Waldencast (WALD) shares were down more than 14% after the company said it plans to voluntarily delist its class A ordinary shares and warrants from Nasdaq.Kimberly-Clark (KMB) is preparing potential asset sales to address European Union antitrust concerns over its proposed acquisition of Kenvue (KVUE), Reuters reported, citing people familiar with the matter. Kimberly-Clark shares were up more than 1% premarket.BJ's Wholesale Club Holdings (BJ) said it committed to an investment-grade financial policy targeting net debt to LTM adjusted EBITDA, excluding leases, below 1.0x. BJ's Wholesale Club stock was 0.5% higher pre-bell.
