EmailThe consumer discretionary group is outperforming the broader market in early trade. The retail group is in the red with the Retail HOLDRS Trust (RTH) -0.5% and the SPDR S&P Retail ETF (XRT) -0.7%. Select education names are under pressure in early trade. A few names trading lower include: APOL -10.4%, ESI -9.3%, STRA -6.4%, DV -6%, COCO -4.9%, BPI -4.9%, CECO -3.8%, APEI -3.3%, CPLA -3%, EDMC -3.4%, LINC -1.9%, WPO -1.3%, EDU -1%, LOPE -0.5%. Trading higher following earnings/guidance: TWX +3.6%, CACH +2.8%, NWSA +1.5%, M +0.8%, RENT +0.7%, LAMR +0.6%... Trading lower following earnings/guidance: OWW -10.8%, IILG -7.1%
Other notable mentions: Leaders: BKE 3% (announces $4.50 per share special cash dividend and $0.20 per share regular dividend), BBY 2.8% (StarTribune discusses that recent drop in BBY stock price may help founder Schulze buyout company for less), Laggards: AMZN -1.7% (Amazon.com will win EU case with Apple (AAPL), which will lower restrictions on AMZN e book pricing, according to reports), PSO -1.6% (Pearson Plc has denied that Financial Times is for sale, according to reports), FOSL -0.7% (may eliminate more jobs in Europe if economy gets worse, according to reports; hearing upgraded to Buy from Above Average at Caris) Analyst related: Upgrades: HST -1.2% (upgraded to Buy at Cantor Fitzgerald ), RGR 4% and SWHC 9.8% (Hearing upgraded at CL King ), CNK 1.5% (upgraded to Buy from Neutral at Janney)... Misc: TRIP -0.4% (initiated with a Buy at Stifel Nicolaus)
