CPB - Hot Stocks: Packaged food stocks rise; UAA FUBO fall on earnings; NRG UNM advance
Wall Street continued to lose ground on Friday, extending the massive losses recorded during the previous session. The Nasdaq led the decline again, falling by 1.6%. Certain defensive stocks have held out against the recent selling pressure. Packaged food stocks continued to advance on Friday, helped in part by strong earnings from Post Holdings (POST). The sector also saw gains in household names like J.M. Smucker (SJM) and Campbell Soup (CPB). NRG Energy (NRG) also showed strength on an otherwise down day. The stock rallied on strong quarterly results. Meanwhile, Unum Group (UNM) received an earnings-related boost as well, marching to a fresh 52-week high. Looking to some of the day's standout decliners, FuboTV (FUBO) and Under Armour (NYSE:UAA)(UA) both dropped more than 20% following the release of their financial figures. Sector In Focus Amid the selling of the last several days, some defensive stocks have managed to draw bids,
For further details see:
Hot Stocks: Packaged food stocks rise; UAA, FUBO fall on earnings; NRG, UNM advance