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Last Update: 12-Feb-13 09:54 ET
S&P Consumer Discretionary +0.2%, 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) 0.2% and the SPDR S&P Retail ETF (XRT) 0.1%.
Trading higher following earnings/guidance: AVP +13.8%, KORS +11.5%, FOSL +6.2%, NWY +6%, NCLH +5.8%, OMC +1.8%, RICK +1.2%... Trading lower following earnings/guidance: RHP -3.8%, GT -3.8%, LGF -1.3%, LGF -1.3%, CHH -0.2%, MHP -0.2%, BNNY -0.1% Other notable mentions: CMCSA flat (Comcast and Fox announce comprehensive programming agreement; terms not disclosed), Leaders: MWW 4.3% (Hearing early strength being attributed to chatter that MWW and FB would look to do a joint venture to challenge LNKD), CAR 0.7% (Avis Budget's pending acquisition of Zipcar receives U.S. antitrust clearance), LEA 2% (Marcato Capital Management and Oskie Capital Management outline potential value creation strategy for Lear Corporation)... Laggards: OSTK -1.8% (Overstock.com CEO taking temporary leave of absence), LNKD -0.8% (attributed to chatter that MWW and FB would look to do a joint venture to challenge LNKD) Analyst related: Upgrades: LVS 0.1% (upgraded to Buy at Argus), WAG 0.5% (upgraded to Buy at Mizuho), SJM 1% (upgraded to Outperform from Mkt Perform at Bernstein)... Misc: JCP -1.4% (Hearing cautious comments at Morgan Stanley; sees further downside risk to estimates), NKE flat (initiated with a Neutral at Wedbush), NFLX 2.3% (Hearing cautious comments at BofA/Merrill; fundamental risks remain ), CBS 1% (Hearing positive comments out earlier at Wedbush related to potential monetization of CBS Americas Outdoor), RYCEY -0.4% (initiated with a Overweight at JP Morgan), M -0.2% (initiated with a Buy at Maxim Group)
Trading higher following earnings/guidance: AVP +13.8%, KORS +11.5%, FOSL +6.2%, NWY +6%, NCLH +5.8%, OMC +1.8%, RICK +1.2%... Trading lower following earnings/guidance: RHP -3.8%, GT -3.8%, LGF -1.3%, LGF -1.3%, CHH -0.2%, MHP -0.2%, BNNY -0.1% Other notable mentions: CMCSA flat (Comcast and Fox announce comprehensive programming agreement; terms not disclosed), Leaders: MWW 4.3% (Hearing early strength being attributed to chatter that MWW and FB would look to do a joint venture to challenge LNKD), CAR 0.7% (Avis Budget's pending acquisition of Zipcar receives U.S. antitrust clearance), LEA 2% (Marcato Capital Management and Oskie Capital Management outline potential value creation strategy for Lear Corporation)... Laggards: OSTK -1.8% (Overstock.com CEO taking temporary leave of absence), LNKD -0.8% (attributed to chatter that MWW and FB would look to do a joint venture to challenge LNKD) Analyst related: Upgrades: LVS 0.1% (upgraded to Buy at Argus), WAG 0.5% (upgraded to Buy at Mizuho), SJM 1% (upgraded to Outperform from Mkt Perform at Bernstein)... Misc: JCP -1.4% (Hearing cautious comments at Morgan Stanley; sees further downside risk to estimates), NKE flat (initiated with a Neutral at Wedbush), NFLX 2.3% (Hearing cautious comments at BofA/Merrill; fundamental risks remain ), CBS 1% (Hearing positive comments out earlier at Wedbush related to potential monetization of CBS Americas Outdoor), RYCEY -0.4% (initiated with a Overweight at JP Morgan), M -0.2% (initiated with a Buy at Maxim Group)
