EmailStory Stocks®
Archive
Last Update: 07-Jan-13 09:53 ET
S&P Consumer Discretionary Index -0.4%, in-line with the broader market
The consumer discretionary group is in-line with the broader market in early trade. The retail group is also in the red with the Retail HOLDRS Trust (RTH) -0.2% and the SPDR S&P Retail ETF (XRT) -0.6%.
Other notable mentions: Leaders: DIS -1.2% (is considering layoffs to cut costs, according to reports), P 0.5% ( reports December 2012 Audience Metrics; Listener hours increase of 54% Y/Y), EKDKQ 2.2% (Eastman Kodak and JK Imaging Announce Brand Licensing Agreement for Consumer Digital Products ), SIRI 0.3% (Liberty Media (LMCA) may take control of SIRI, according to reports)... Laggards: ESI -19.9% (discloses it expects to record an after-tax charge to net income of ~$13.2 mln in Q4, will reduce EPS by ~$0.56), DMD -1.8% (Demand Media Acquires Name.com; financial terms not disclosed) Analyst related: Upgrades: RL 0.8% and PVH 0.5% (Hearing Morgan Stanley upgrading to Overweight ), CTRP 2.8% (upgraded to Overweight from Equal-Weight at Barclays), FDO 0.3% (upgraded to Overweight from Equal Weight at Barclays, downgraded to Equal-Weight from Overweight at Morgan Stanley), AMZN 3% (upgraded to Overweight from Equal-Weight at Morgan Stanley), WAG 1.7% (upgraded to Buy from Hold at Jefferies)... Downgrades: VFC -2.3% (Hearing downgraded at Morgan Stanley ), PNK -1.3% (downgraded before the open at Credit Agricole), EA -2.7% (downgraded to Neutral from Buy at Sterne Agee), DSW -3.9% (downgraded to Neutral from Buy at Sterne Agee), ORLY -1.5% (downgraded to Neutral from Overweight at Piper Jaffray)... Misc: LZB 1.9% (Hearing named one of top picks for 2013 at KeyBanc ), WWW -3% (Hearing cautious comments at Susquehanna)
Other notable mentions: Leaders: DIS -1.2% (is considering layoffs to cut costs, according to reports), P 0.5% ( reports December 2012 Audience Metrics; Listener hours increase of 54% Y/Y), EKDKQ 2.2% (Eastman Kodak and JK Imaging Announce Brand Licensing Agreement for Consumer Digital Products ), SIRI 0.3% (Liberty Media (LMCA) may take control of SIRI, according to reports)... Laggards: ESI -19.9% (discloses it expects to record an after-tax charge to net income of ~$13.2 mln in Q4, will reduce EPS by ~$0.56), DMD -1.8% (Demand Media Acquires Name.com; financial terms not disclosed) Analyst related: Upgrades: RL 0.8% and PVH 0.5% (Hearing Morgan Stanley upgrading to Overweight ), CTRP 2.8% (upgraded to Overweight from Equal-Weight at Barclays), FDO 0.3% (upgraded to Overweight from Equal Weight at Barclays, downgraded to Equal-Weight from Overweight at Morgan Stanley), AMZN 3% (upgraded to Overweight from Equal-Weight at Morgan Stanley), WAG 1.7% (upgraded to Buy from Hold at Jefferies)... Downgrades: VFC -2.3% (Hearing downgraded at Morgan Stanley ), PNK -1.3% (downgraded before the open at Credit Agricole), EA -2.7% (downgraded to Neutral from Buy at Sterne Agee), DSW -3.9% (downgraded to Neutral from Buy at Sterne Agee), ORLY -1.5% (downgraded to Neutral from Overweight at Piper Jaffray)... Misc: LZB 1.9% (Hearing named one of top picks for 2013 at KeyBanc ), WWW -3% (Hearing cautious comments at Susquehanna)
