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Last Update: 06-Feb-13 10:01 ET
S&P Consumer Discretionary Index +0.3%, outperforming the broader market
The consumer discretionary group is outperforming the broader market in early trade. The retail group is mixed with the Retail HOLDRS Trust (RTH) -0.3% and the SPDR S&P Retail ETF (XRT) 0.1%. Select casino names are under pressure in early trade. A few names trading lower include: MPEL -4.8% (reported earnings), UWN -4.4%, WYNN -2.6%, LVS -1.9%, ISLE -1.9%, PNK -1.1%, BYD -1.1%, MGM -0.7%, IGT -0.7%, PENN -0.1% Trading higher following earnings/guidance: SFLY +18.9%, RL +7.3%, WYN +4.8%, MSG +4.8%, TWX +4.7%, CMG +3.9%, PNRA +2%, DIS +1.3%... Trading lower following earnings/guidance: HAIN -3.5%, STLY -3.4%, NUS -3.1%, EXPE -2%, HBI -1.2%... Near unchanged mark following earnings/guidance: CVS Other notable mentions: Leaders: ARO 0.6% (announces retirement of President Michael J. Cunningham), MMM 0.8% (increases quarterly dividend 8% to $0.635 per share; authorizes $7.5 bln share repurchase program), Laggards: HOG -0.7% (Harley-Davidson approved cash dividend of $0.21 per share, prior dividend $0.155 per share), JCP -2.2% (plans on eliminating a few hundred more jobs, according to reports; initiated with a Sell at Maxim), P -0.4% (announces Jan 2013 audience metrics; listener hours were 1.39 bln, up 47% YoY) Analyst related: Upgrades: EXPR 1.2% (upgraded to Overweight from Neutral at JPMorgan)... Downgrades: MNI -1.7% (downgraded to Neutral from Buy at Citigroup), SIRI -1.4% (downgraded to Neutral from Outperform at Macquarie), VIAB -0.2% (downgraded to Hold at Argus on weak network ratings), DWA -6.1% (downgraded to Neutral from Overweight at Piper Jaffray).
