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Last Update: 26-Apr-13 09:44 ET
S&P Consumer Discretionary Index -0.4%, underperforming the broader market
The consumer discretionary group is underperforming 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) -0.4%.
Trading higher following earnings/guidance: ALV +6%, CSTR +6%, DHI +4.7%, GT +2.3%, GNC +1.1%, BKW +1.1%... Trading lower following earnings/guidance: ACCO -9.6%, EXPE -6.3%, TUES -5.4%, DECK -3.5%, AMZN -3.7%, VFC -3%, IGT -1.4%, SBUX -0.8%, WYNN -0.4%... Near unchanged mark following earnings/guidance: COLM Other notable mentions: HST flat (discloses amendments in two separate sales agency financing agreements)... Leaders: NFLX 0.5% (following CSTR results, tgt to $325 from $250 at Lazard), JCP 4.9% (Soros Fund Management discloses 7.91% passive stake in 13G filing) Laggards: AVP -1.1% (announces Doug Conant, who currently serves on the Board, has been elected to the position of non-executive Chairman), CACH -3.5% (announces expiration of its rights offering) Analyst related: Upgrades: BEBE 6% (bebe stores upgraded to Buy from Neutral at Janney), UN 0.4% (Unilever upgraded to Hold from Sell at Societe Generale)... Downgrades: ESI -7.6% (downgraded to Sell at Compass Point following Q1), MJN -0.1% (downgraded to Hold from Buy at Gabelli), DAVE -2.5% (downgraded to Sell from Hold at Feltl).. Misc: BUD -2.1% (added to Conviction Sell List at Goldman), CKEC -0.1% (initiated with a Buy at Ascendiant Capital Markets)
Trading higher following earnings/guidance: ALV +6%, CSTR +6%, DHI +4.7%, GT +2.3%, GNC +1.1%, BKW +1.1%... Trading lower following earnings/guidance: ACCO -9.6%, EXPE -6.3%, TUES -5.4%, DECK -3.5%, AMZN -3.7%, VFC -3%, IGT -1.4%, SBUX -0.8%, WYNN -0.4%... Near unchanged mark following earnings/guidance: COLM Other notable mentions: HST flat (discloses amendments in two separate sales agency financing agreements)... Leaders: NFLX 0.5% (following CSTR results, tgt to $325 from $250 at Lazard), JCP 4.9% (Soros Fund Management discloses 7.91% passive stake in 13G filing) Laggards: AVP -1.1% (announces Doug Conant, who currently serves on the Board, has been elected to the position of non-executive Chairman), CACH -3.5% (announces expiration of its rights offering) Analyst related: Upgrades: BEBE 6% (bebe stores upgraded to Buy from Neutral at Janney), UN 0.4% (Unilever upgraded to Hold from Sell at Societe Generale)... Downgrades: ESI -7.6% (downgraded to Sell at Compass Point following Q1), MJN -0.1% (downgraded to Hold from Buy at Gabelli), DAVE -2.5% (downgraded to Sell from Hold at Feltl).. Misc: BUD -2.1% (added to Conviction Sell List at Goldman), CKEC -0.1% (initiated with a Buy at Ascendiant Capital Markets)
