EmailThe 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) 0.1% and the SPDR S&P Retail ETF (XRT) 0.1%. Trading higher following earnings/guidance: DHI +3.3%... Trading lower following earnings/guidance: BZH -3.3% Other notable mentions: Leaders: SHW 5.6% (to acquire Comex for $2.34 bln in an all-cash transaction), BBY 2.9% (Best Buy confirms that retired Williams-Sonoma executive, Sharon McCollam, returns as BBY's New Chief Administrative Officer and CFO ), PVH 1.5% (receives requisite consents pursuant to its consent solicitation related to Its 7.375% Senior Notes due 2020)
Analyst related: Upgrades: HIBB 1.5% (upgraded to Buy at Needham ahead of earnings on Friday), TRIP 3.6% (upgraded to Overweight at Morgan Stanley), DIS 0.7% (upgraded to Buy at Citigroup), RHP 3.3% (upgraded to Buy at Goldman)... Downgrades: STRA -4.1% ( downgraded to Neutral at JP Morgan), JCP -4.1% (downgraded to Underperform at Credit Suisse)... Misc: DECK 2.4% (early strength attributed to positive comments at Jefferies), HSY 0.1% (Hearing positive mention at Goldman), BIG -1.3% (Tier 1 firm out cautious on BIG), MCD 0.3% ( initiated with Buy at Davenport)
