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WMT +0.11%

MCD +0.34%

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KO - 0.05%

Consumer stocks were continuing their advance for a third day this week, although shares of consumer staples companies in the S&P 500 were climbing less than 0.1% in recent trading while shares of consumer discretionary firms in the S&P 500 were posting a nearly 0.6% advance.

Among consumer stocks moving on news:

+ Rent-A-Center ( RCII ) has turned moderately lower again Wednesday afternoon, retracing a portion of a more than 2% mid-morning decline after late Tuesday saying it was continuing to review a $750 million buyout offer from Vintage Capital Management. The "best and final" $14-per-share bid represents a 11.8% premium to Tuesday's closing price and follows the rent-to-own retailer on Sunday saying it had completed a strategic review and was no longer up for sale. Vintage has set a deadline of 5 p.m. ET on Friday for its proposal.

In other sector news:

+ Korn/Ferry International ( KFY ) jumped to a record high on Wednesday, climbing almost 21% to a best-ever $68.34 a share after the executive headhunter reported fiscal Q4 earnings and revenue exceeding Wall Street expectations. Excluding one-time items, the company earned $0.80 per share during the three months ended April 30, improving on a $0.62 per share non-GAAP profit during the year-ago period and beating the Capital IQ consensus by $0.10 per share. Revenue grew to $475.4 million from $406.4 million during the same quarter last year, also topping the $454.4 million Street view. Looking forward, Korn/Ferry is projecting non-GAAP Q1 net income in a range of $0.67 to $0.75 per share on $450 million to $470 million in revenue, surpassing the analyst means by at least $0.01 per share and $19.6 million, respectively.

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