EmailThe consumer discretionary group is underperforming the broader market in early trade. The retail group is in the green with the Retail HOLDRS Trust (RTH) 0.3% and the SPDR S&P Retail ETF (XRT) 1%. Trading higher following earnings/guidance: WTW +13.8%, ODP +9.6%, NLS +7.1%, LMCA +0.8%... Trading lower following earnings/guidance: FOSL -10.9%, DTV -3%, APP -2.8%, NSANY -1.4%, CNK -1.2%, CVS -0.5%. Other notable mentions: NKE flat (reports that co is nearing sale of Cole Haan unit), HINKY flat (Heineken acquisition of APB approved by Competition Commission of Singapore), Leaders: HAS 4.4% (speculation that Walt Disney will acquire HAS unit)... Laggards: TUMI -1.1% (announced that certain existing stockholders are offering 10.1 million shares of Tumi common stock in an underwritten offering), SMRT -3.2% (determined that its earnings release that was scheduled to be issued on November 15, 2012 will be delayed, initiated with a Outperform at Credit Suisse), NFLX -1.6% (following new AMZN Prime monthly pricing),
Analyst related: CZR -1.1% (resumed with a Hold at Deutsche Bank), TJX 0.2% and ROST -0.9% (initiated with a Neutral at Credit Suisse), DNKN -0.8% ( initiated with a Neutral at Wedbush)
