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Last Update: 10-Apr-13 09:50 ET
S&P Consumer Discretionary Index +0.33%, in-line with the broader market
The consumer discretionary group is in-line with 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) 0.4%.
Trading higher following earnings/guidance: PSMT +4.8%, AAP +1.5%, KMX +1%, STZ +0.3%, ... Trading lower following earnings/guidance: FDO -1.7% Other notable mentions: RST flat (announces changes to Board of Directors; Board to consist of eight directors following 2013 annual meeting of stockholders)... Leaders: SIG 0.4% (US CEO, CFO and COO sold 36,818 shares at $66.79-67.32, worth ~$2.5 mln), COH 1.2% (Coach disclosed agreements related to new global corporate headquarters; sees costs ~$750 mln over the next three years), HAR 0.6% (acquires vehicle safety co iOnRoad based in Tel Aviv, Israel; financial terms not disclosed), JCP 1.4% ( Bill Ackman is expected to keep his JCP positions following Ron Johnson departure, according to reports), Laggards: IRG -1% (completes acquisition of Romano's Macaroni Grill for approx $55 mln in all-cash transaction from private equity firm Golden Gate Capital) Analyst related: Upgrades: PSUN 7.6% (upgraded to Overweight from Neutral at Piper Jaffray), AEO 2.1% (upgraded to Overweight from Neutral at Piper Jaffray).. Downgrades: ARO -2.3% (downgraded to Sell from Neutral at Goldman)... Misc: NFLX -2.2% (initiated with an Underweight at Evercore), HRB 1.6% (initiated with an Outperform at Wedbush)
Trading higher following earnings/guidance: PSMT +4.8%, AAP +1.5%, KMX +1%, STZ +0.3%, ... Trading lower following earnings/guidance: FDO -1.7% Other notable mentions: RST flat (announces changes to Board of Directors; Board to consist of eight directors following 2013 annual meeting of stockholders)... Leaders: SIG 0.4% (US CEO, CFO and COO sold 36,818 shares at $66.79-67.32, worth ~$2.5 mln), COH 1.2% (Coach disclosed agreements related to new global corporate headquarters; sees costs ~$750 mln over the next three years), HAR 0.6% (acquires vehicle safety co iOnRoad based in Tel Aviv, Israel; financial terms not disclosed), JCP 1.4% ( Bill Ackman is expected to keep his JCP positions following Ron Johnson departure, according to reports), Laggards: IRG -1% (completes acquisition of Romano's Macaroni Grill for approx $55 mln in all-cash transaction from private equity firm Golden Gate Capital) Analyst related: Upgrades: PSUN 7.6% (upgraded to Overweight from Neutral at Piper Jaffray), AEO 2.1% (upgraded to Overweight from Neutral at Piper Jaffray).. Downgrades: ARO -2.3% (downgraded to Sell from Neutral at Goldman)... Misc: NFLX -2.2% (initiated with an Underweight at Evercore), HRB 1.6% (initiated with an Outperform at Wedbush)
