EmailThe consumer discretionary group is slightly outperforming the broader market in early trade. The retail group is also in the green with the Retail HOLDRS Trust (RTH) 0.1% and the SPDR S&P Retail ETF (XRT) 0.35%. Trading higher following earnings/guidance: HI +0.8%... Trading lower following earnings/guidance: THO -8.6%
Other notable mentions: Leaders: PLCE 1.9% (announces new share repurchase authorization for up to $100 mln of common stock; appoints Michael Scarpa CFO), DDS 2.4% (announces special cash dividend of $5.00 per share), DG 1.8% (will replace Cooper Industries in the S&P 500), RAH 26.4% (Ralcorp Holdings being acquired by CAG for $90/share in cash), PH 0.6% (Parker and Autocar receive large follow-on order for refuse trucks featuring runWise advanced series hybrid drive system), Laggards: LNKD -0.7% (early weakness being attributed to potential competition from SINA launch), NTDOY -2.4% (Nintendo has sold 40,000 Wii machines in first week of release, according to reports)
Analyst related: Upgrades: YELP 2.8% (upgraded to Buy at Cantor Fitzgerald), GPC 0.3% (upgraded to Buy at Sun Trust Rbsn Humphrey)... Misc: DECK 2.2%, WWW -0.5% and FINL -0.3% (initiated with a Neutral at Goldman), CROX 7.6% (initiated with a Buy at Goldman), IPG 1.7% (Hearing added to Best Ideas List at Wedbush), MAR -0.2% (initiated with a Underperform at Credit Agricole), H 1.2% and HOT 0.1% ( initiated with a Buy at Credit Agricole), ITW 1.3% (initiated with Buy at Stifel Nicolaus), CWTR 3.4% (added to Least Preferred List at UBS ), CLX flat (removed Least Preferred List at UBS)
