EmailThe consumer discretionary group is in-line with the broader market in early trade. The retail group is in the red with the Retail HOLDRS Trust (RTH) -0.1% and the SPDR S&P Retail ETF (XRT) -0.2%.
Select education names are under pressure in early trade. A few names trading lower include: BPI -31% (Ashford University to run parallel process of appeal and re-application for WASC accreditation), COCO -1.92% APOL -1.50% EDU -1.21% EDMC -1.20% CECO -1.02% LOPE -0.95% DV -0.73% STRA -0.67% APEI -0.33% CPLA -0.29% ESI -0.24%
Trading higher following earnings/guidance: D +0.8%, WM +0.2%, ... Trading lower following earnings/guidance: Near unchanged mark following earnings/guidance: Other notable mentions: CPB flat (to acquire Bolthouse Farms for $1.55 billion in cash), Leaders: SIRI 2.4% (Sirius XM Radio net sub adds of 322K during Q2 were up 38% YoY), NFLX 0.5% (modestly higher following positive mention in Barron's), TWI 1.6% (Barron's reviews positive view on Titan International)... Laggards: LNKD -3.6% (related to reports of potential FB job posting board), AONE -6.5% (filed for a 250.4 mln share common stock offering by selling shareholders), MTH -3.6% (announced that it has commenced an underwritten registered public offering of up to 2 mln shares of its common stock),LVS -0.8% and WYNN -0.5% (Reuters discusses that some smaller Macau gaming junkets may stop bringing high stakes gamblers to Macau).
Analyst related: Upgrades: COH 1.7% (upgraded to Overweight from Neutral at Atlantic Equities)... Downgrades: DSW -0.4% (downgraded to Neutral from Buy at Citigroup), DLTR -1.4% (downgraded to Underweight from Equal Weight at Morgan Stanley), PETM -0.7% (downgraded to Hold at Needham), SAM -2.4% (downgraded to Sell from Neutral at UBS), SFD -1.4% (downgraded to Market Perform from Outperform at BMO Capital)... Misc: ELLI 2.1% (initiated with a Neutral at boutique firm), ANF -1.7%, CROX -2.5%, GES -2.1% and WRC -1.2% (Hearing Piper cautious on select retailers ANF, CROX, GES and WRC), MNTG 4.4% (initiated with a Outperform at Imperial Capital), PCLN 0.4% (Hearing cautious mention earlier at Lazard).
