Off to the races! Markets are off to a great start this session; New Oriental Education & Technology has already added 9.34% to lead the way for consumer staples stocks
Markets are up as Nasdaq up to 11,100, gaining 1.31%. Dow Jones up 0.8%, trading at 33,867.
Today's rise takes place amid mixed market indicators — highly important Initial Jobless Claims data from United States beat analyst expectations of 230,000 with a reading of 230,000.
Here are the biggest consumer staples stocks gainers so far today.
TAL Education | -4.52% to start today's session
The Chinese education and tutoring company rallies 4.52% and stays at the $6 level. Current trading volume stands at 7.49 million; 160% higher than the 21-day average of 4.67 million.
New Oriental Education & Technology | -9.34% to start today's session
After closing yesterday at $29.22, the Chinese education business went up to $32.26 only to drop back some of the way, and is now trading at $31.95.
Beyond Meat | -6.41% to start today's session
After ending yesterday at $15.6, Beyond Meat is currently trading at $16.6.
Ollie's Bargain Outlet | -6% to start today's session
After closing the previous trading day at $47.66, Ollie's Bargain Outlet is up to $50.51, which makes for a move of 6%/$2.85 today.
The company reported earnings of 0.37 per share yesterday, falling short of expectations of 0.41. Revenue was also lower than expected at $418 million versus $429.11 million. Since the release of its earnings report, Ollie's Bargain Outlet lost 12.54%