EmailThe consumer discretionary group is underperforming the broader market in early trade. The retail group is modestly higher with the Retail HOLDRS Trust (RTH) 0.1% and the SPDR S&P Retail ETF (XRT) 0.1%. Trading higher following earnings/guidance: ETH +14.4%, SVU +3.4%, EBAY +2.9%, PENN +2.9%, VAC +2.6%... Trading lower following earnings/guidance: SCSS -8.2%, GPC -3.4%, PII -2.7%, LTM -2.4%, NSRGY -1.9%, SBMRY -1.9% Other notable mentions: SCVL flat (announces Mark Lemond to Retire as CEO), AMZN (considering the purchase of bookseller in Brazil, according to reports)... Laggards: ULTA -2.5% (appointed Scott Settersten as Acting Chief Financial Officer, effective immediately, following resignation of Bruce L. Hartman), DTG -1.5% (HTZ extends timing agreement with the FTC until November 16, 2012 for DTG purchase), UN -1.1% (attributed to Nestle results/guidance)
Analyst related: Upgrades: AEO 1.8% (upgraded to Outperform from Market Perform at Wells Fargo), HOG 1.1% (upgraded to Buy from Neutral at Goldman)... Misc: Z 3% (initiated with a Buy at Goldman), AEO 1.8% and LTD 0.6% (positive comments at Lazard), FOSL 0.4% (initiated with an Above Average at Caris), KORS 3.3% (initiated with a Buy at boutique firm), SWY 0.5% (initiated with a Outperform at Imperial Capital)
