EmailThe consumer discretionary group is slightly 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%. Other notable mentions:Leaders: SVN 0.4% (establishes special committee to evaluate going private proposal)... Laggards: MEG -2.1% (has sold The Tampa Tribune and its associated print and digital products to Tampa Media Group,increased outlook for Political revenues for the full year 2012 to $57-58 mln), DMND -0.4% (Confirms Receipt of NASDAQ Determination Letter), GM -0.8% (September China sales are up 1.7% YoY, according to reports), CHDN -0.3% (Churchill Downs to acquire Riverwalk Casino and Hotel in Vicksburg, MS; expected to be immediately accretive to earnings per share by ~$0.31), AMZN -0.8% (discloses it has acquired 11 buildings in Seattle, Washington for ~$1.16 bln), SHF -2.3% (Schiff Nutrition ticking lower following cautious mention in Barron's)
Analyst related: Upgrades: STZ flat (upgraded to Neutral from Underweight at HSBC Securities), NFLX 7.8% (upgraded to Overweight from Equal-Weight at Morgan Stanley) ... Downgrades: PNRA -2% (downgraded to Market Perform from Outperform at BMO Capital), ANF 0.3% (downgraded to Outperform from Buy at Credit Agricole), DIS -1.5% ( downgraded to Average at Caris & Company)... Misc: TWC -1.1% (initiated with a Sector Perform at Pacific Crest), CMCSA -0.8% (initiated with a Sector Perform at Pacific Crest), KMX 11.8% (early strength being attributed to positive comments at ITG)
