NEW YORK (TheStreet) -- A handful of consumer good stocks are in robustly positive territory Monday, following a government report that said consumer spending inched up 0.2% in May, following a period of flatness in April -- narrowly beating the average economist forecast of 0.1% growth.
Still, incomes increased 0.4% -- helped by a rise in the number of jobs available and working hours -- greater than the pace of consumer spending growth; signaling that consumers aren't completely ready to spend yet.
have risen 2.1% to $62.07, while rival
has added 1.9% to $51.19 following the report.
Dr Pepper Snapple
has jumped 3.7% to $37.93.
In the meantime, Coke bottler
has advanced 2.2% to$26.44.
Among of the biggest winners of the consumer goods sector Monday have been the tobacco giants,
after the impact of a U.S. Supreme Court rejection of tobacco industry appeals was softened by the high court's rejection of government requests against the defendants on the same day.
The main defendants included
, up 3.6% to $20.40, and
, which has been rising 4.9% to $53.89.
British American Tobacco
( LO.) were among the other defendants. The former has been inching up 0.8% to $64.62, while the latter has been adding 3% to $73.95.
Meanwhile, consumer staples like
are 1.6% higher to $60.72 and up 1.4% to $59.53 respectively.
-- Reported by Andrea Tse in New York
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