Kroger Leads Consumer Stocks on Sale Talks, Rest of Market Edges Higher




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Summary: Consumer stocks drove Wall Street to small gains, though any stronger moves would have to wait until investors get clarity from the Fed this afternoon. At these levels, the Dow will end at a record, while the S&P 500 and Nasdaq are a toss-up. Kroger Co. was one of the largest gainers in the consumer space on the announcement it was considering unloading its convenience store business. Goldman Sachs is advising the process. Colgate-Palmolive Co. also boosted the consumer sector after SunTrust Robinson Humphrey upped its rating to buy from hold and boosted its price target by $20 to $85. The firm sees Colgate recovering from recent weakness in its fourth quarter. The number of job openings held near record highs in August, according to the latest Job Openings and Labor Turnover Survey. Openings rose to their highest level in seventeen years in July. Don't miss these top stories on TheStreet: Beware of the Vicious Black Swan Now Stalking Record Stock Markets Walmart's Stock Is Going to Record Highs and That Should Terrify Amazon What to Look for When Apple, Alphabet and Netflix Report Earnings Soon Micron Investors Will Be Clamoring for Stock Offering, Jim Cramer Says Nvidia's New Hardware 'Is Going to Change Everything,' Jim Cramer Says Switzerland Has So Much Gold That It's Literally Being Flushed Down the Toilet Fiat Chrysler CEO Marchionne on Tesla's Musk: What He's Selling Isn't Viable Bitcoin Could Skyrocket to $20,000 Before It Explodes, Veteran Forecaster Warns Ferrari CEO: Wall Street Loves That We Have Created an Exclusive Supercar Club