The consumer discretionary group is underperforming the broader market in early trade. The retail group is also in the red with the Retail HOLDRS Trust (RTH) -1.2% and the SPDR S&P Retail ETF (XRT) -1.1%. Trading higher following earnings/guidance: CAG +6%... Trading lower following earnings/guidance: BBBY -8.7%, KMX -7.1%, BAMXY -4.5%, DDAIF -4.4%, HLF -4.4%, RAD -1.5%, SCHL -0.5%. Other notable mentions: JVA flat (CEO Gordon reports 6.2% stake in amended 13D filing, down from 8.2% previously reported on 5/8)... Leaders: GIS 1.1% (Barron's profiles positive view on General Mills), P 1.1% (presented at Goldman conference yesterday afternoon; Bloomberg discusses the P may be a possible takeover target), KONA 1.1% (discloses Mediated Settlement Agreement ), DOLE 0.9% (positive mention on MadMoney)... Laggards: EBAY -1.3% (StubHub confirms app for iPhone and iPod touch that supports Apple's Passbook), AOL -0.6% (names Karen Dykstra Chief Financial Officer; Dykstra fills the role vacated by Artie Minson following his promotion this June to Chief Operating Officer), NKE -0.7% (announces approved a new four-year, $8 bln program to repurchase shares of co's Class B Common Stock), MFRM -4.5% (files registration statement for proposed offering of 4,726,682 shares of common stock by selling stockholders), ACOM -0.8% (seeing reports that show "Who Do You Think You Are" may be picked up by the TLC Network), WTSLA -1.8% (Clinton Spotlight Fund issues letter to Board of Directors).
Analyst related: Upgrades: LTD 0.3% (Limited upgraded to Outperform from Neutral at Credit Suisse), DWA 4% (upgraded to Neutral from Sell at Janney), PNK 0.2% (upgraded to Buy from Outperform at Credit Agricole), RYL 0.2% and PHM -1.3% (upgraded to Buy at Compass Point)... Downgrades: COH -2% (downgraded to Neutral from Outperform at Credit Suisse), MAR -2.2% (Marriott downgraded to Neutral from Overweight at JPMorgan)... Misc: RDEN 0.9% (initiated with a Above Average at Caris & Company), DECK -3% (ests and target lowered to $55 at Stifel Nicolaus on UGG price reductions), NFLX 1% (Hearing early strength being attributed to positive comments from sell side shop).