EmailThe consumer discretionary group is outperforming the broader market in early trade. The retail group is also in the green with the Retail HOLDRS Trust (RTH) 0.4% and the SPDR S&P Retail ETF (XRT) 0.5%.
Trading higher following earnings/guidance: MOV +19.1%, PVH +5.7%, SAFM +5.2%, HNZ +2%... Trading lower following earnings/guidance: BWS -2.1%. Other notable mentions: DENN flat (expanding global franchising presence to Chile)... Leaders: RL 0.8% (names Christopher H. Peterson Chief Financial Officer), SBH 2.8% (announces $300 million stock repurchase program), F 0.4% (Ford Motor unit Lincoln to expand to China; cars will be available in China in the second half of 2014, initiated with a Outperform at Credit Agricole), BKRS 48.3% (announces actions to improve profitability, liquidity and position the company for long term growth)... Laggards: MNST -2.1% (trading modestly lower on reports that the NY AG is launching investigation into energy drinks).
Analyst related: BYD flat (initiated with a Hold at Brean Murray), DFRG 3.2% (initiated with an Outperform at Raymond James), LGF 0.6% (initiated with an Outperform at Barrington), GM -0.5% (initiated with a Underperform at Credit Agricole).
