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Last Update: 09-Jan-13 09:56 ET
S&P Consumer Discretionary Index +0.2%, modestly underperforming the broader market
The consumer discretionary group is slightly underperforming the broader market in early trade. The retail group is in the green with the Retail HOLDRS Trust (RTH) 0.1% and the SPDR S&P Retail ETF (XRT) 0.3%. Select education names are under pressure in early trade following APOL (-10.5%) earnings. A few names trading lower include: DV -6.2%, STRA -4.9%, ESI -4.2%, BPI -3%, CECO -2.7%, LOPE -2.3%, COCO -1.5%, CPLA -1.3%, LINC -1.2%, WPO -0.9% Trading higher following earnings/guidance: STZ +2.3%, SJR +0.2%... Trading lower following earnings/guidance: APOL -10.5% Other notable mentions: NSRGY flat (Nestle considering asset sale to help move along PFE unit purchase approval, according to reports out this afternoon), INN flat (upsizes offer 2 mln shares and prices 15 mln shares of common stock at $9 per share... Leaders: SHLD 1.3% (NYPost discusses comments from insiders that Eddie Lampert CEO news could mean more asset sales and spinoffs) Analyst related: Upgrades: RDEN 4.7% (upgraded to Outperform from Sector Perform at RBC Capital), DNKN 1.7% ( upgraded to Buy from Neutral at Janney ), URBN 0.7% (upgraded to Neutral from Underperform at Macquarie), EAT 1.8% (upgraded to Overweight from Equal-Weight at Morgan Stanley), ROST 1.2% (upgraded to Buy from Hold at Deutsche Bank), RL 0.7% (upgraded to Outperform from Neutral at Macquarie)... Downgrades: DG -0.6% and FDO -1.1% (downgraded to Sector Perform from Outperform at RBC Capital Markets), ONE -1.4% (Higher One downgraded to Sell from Neutral at Goldman), MCD -0.6% (downgraded to Mkt Perform from Outperform at Raymond James), ESI -4% (downgraded to Sell from Neutral at Citigroup), KSS 0.3% (downgraded to Underperform from Neutral at Macquarie), M 0.2% (downgraded to Neutral from Outperform at Macquarie)... Misc: AMZN 0.3% (resumed with a Buy at Goldman), MTH 0.9% and DHI 1% ( initiated with a Buy at Gilford Securities), SVU 5.4% ( Cerberus could offer an antidote to poor fundamentals - Cantor )
