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Last Update: 14-Jan-13 10:56 ET
S&P Consumer Discretionary Index 0.1%, 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% and the SPDR S&P Retail ETF (XRT) -0.5%.
Trading higher following earnings/guidance: ACCO +1.2%, ... Trading lower following earnings/guidance: FRAN -4.6% Other notable mentions: NCMI flat (announces Executive Vice President and CFO leaving company)... Leaders: SHLD 3.8% (following insider buying), VFC 1.5% (V.F. Corp and Altamont Capital Partners confirm submitting letter of interest to Billabong International at AUD 1.10 per share in cash), TIF 0.9% (Bloomberg discusses that TIF may be a possible takeover target based on valuation), CAR 0.6% (Antitrust officials should approve Avis (CAR)/ZIP deal, according to reports),Laggards: JCP -4.3% (NY Post reports Holiday comps were down more than 30%), VRA -5.1% (announces resignation of CFO, downgraded to Neutral at Lazard), GME -1.2% ( Royce & Associates discloses 5.21% stake in 13G filing out Friday after the close), LEA -1.9% (Launches Financing Actions And Increases Share Repurchase Authorization To $1.5 Billion) Analyst related: Upgrades: TUES 1.8% ( Hearing upgraded to Outperform at Avondale)... Downgrades: SNI -2.5% (downgraded to Hold from Buy at Deutsche Bank), HRB -3% (downgraded to Underweight from Equal-Weight at Morgan Stanley)... Misc: LTD 1.7% (Hearing added to Best Ideas List at Morgan Stanley), KORS 0.8% (Hearing OTR Global out positive on KORS), COH 3.6% (Hearing OTR Research out positive on COH)
Trading higher following earnings/guidance: ACCO +1.2%, ... Trading lower following earnings/guidance: FRAN -4.6% Other notable mentions: NCMI flat (announces Executive Vice President and CFO leaving company)... Leaders: SHLD 3.8% (following insider buying), VFC 1.5% (V.F. Corp and Altamont Capital Partners confirm submitting letter of interest to Billabong International at AUD 1.10 per share in cash), TIF 0.9% (Bloomberg discusses that TIF may be a possible takeover target based on valuation), CAR 0.6% (Antitrust officials should approve Avis (CAR)/ZIP deal, according to reports),Laggards: JCP -4.3% (NY Post reports Holiday comps were down more than 30%), VRA -5.1% (announces resignation of CFO, downgraded to Neutral at Lazard), GME -1.2% ( Royce & Associates discloses 5.21% stake in 13G filing out Friday after the close), LEA -1.9% (Launches Financing Actions And Increases Share Repurchase Authorization To $1.5 Billion) Analyst related: Upgrades: TUES 1.8% ( Hearing upgraded to Outperform at Avondale)... Downgrades: SNI -2.5% (downgraded to Hold from Buy at Deutsche Bank), HRB -3% (downgraded to Underweight from Equal-Weight at Morgan Stanley)... Misc: LTD 1.7% (Hearing added to Best Ideas List at Morgan Stanley), KORS 0.8% (Hearing OTR Global out positive on KORS), COH 3.6% (Hearing OTR Research out positive on COH)
