EmailStory Stocks®
Archive
Last Update: 25-Apr-13 11:05 ET
&P Consumer Discretionary Index 0.7%, outperforming the broader market
The consumer discretionary group is outperforming the broader market in early trade. The retail group is also in the green with the Retail HOLDRS Trust (RTH) 0.6% and the SPDR S&P Retail ETF (XRT) 1.4%. Trading higher following earnings/guidance: ANGI +21.1%, BYI +10.6%, ESI +9.6%, RCL +7.3%, CAKE +7.2%, CCI +6.7%, VAC +5.8%, LEA +5.7%, RYL +5.6%, ORLY +5.4%, DNKN +4.4%, HOG +4.1%, TWI +3.4%, NYT +2.8%, PH +1.7%, MHO +1.2%, HSY +0.5%... Trading lower following earnings/guidance: SWY -14.9%, ZNGA -8.9%, IMAX -3%, MDP -1.3%, TWC -1%... Near unchanged mark following earnings/guidance: CROX Other notable mentions: FRAN 2.7% (FRAN to replace EXP in the S&P SmallCap 600), JCP 1.1% (files mixed securities shelf offering ), H 0.7% (announces cash tender offer to purchase any and all of its $250 mln outstanding aggregate principal amount of 6.875% Senior Notes due 2019), IGT 2.8% (announces signing of $1 bln credit agreement) Analyst related: Upgrades: CAKE 7.1% (upgraded to Neutral from Underperform at Buckingham Research), PG -0.2% (upgraded to Buy from Neutral at SunTrust), YUM flat (upgraded to Market Perform from Underperform at Raymond James)... Misc: ARO 4%, ANF 2.1% and RUE 3.7% (Aeropostale seen as most attractive LBO possibility in retail sector at Jefferies, RUE and ANF also mentioned as potential LBO targets), WDAY 1.1% (initiated with a Market Perform at BMO Capital), CKEC 1.8% (initiated with a Buy at Ascendiant Capital Markets)
