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Last Update: 03-May-13 10:02 ET
S&P Consumer Discretionary Index 1.1%, in-line with strong the broader market
The consumer discretionary group is in-line with the broader market in early trade. The retail group is also in the green with the Retail HOLDRS Trust (RTH) 0.8% and the SPDR S&P Retail ETF (XRT) 1.6%.
Trading higher following earnings/guidance: RUTH +8%, WTW +8%, AXL +7.1%, NCMI +4.2%, OPEN +3.7%, SUP +2.9%, CCO +2.6%, NWL +2.3%, HST +1.1%... Trading lower following earnings/guidance: LNKD -8.8%, DOLE -4.8%, HAIN -3%, WPO -1.2%, SPF -0.7% Other notable mentions: DIS (halts production in Bangladesh, Ecuador, Venezuela, Belarus and Pakistan, according to reports), NFLX 0.3% and CSTR 1.5% (reports out that Target (TGT) is launching TV/movie service)... Leaders: SHLD 2% (Sears Hldg CEO not finished unloading stores, according to reports ), LEE 5.3% (promotes Kevin Mowbray to Chief Operating Officer), GMCR 3.1% (announces its Keurig K150 Series Commercial Brewing System has been certified by the National Sanitation Foundation for foodservice use) Analyst related: Upgrades: TSCO 2.1% (upgraded to Outperform from Perform at Oppenheimer), BEAM 0.7% (upgraded to Buy from Neutral at Citigroup), GIL 1.8% (upgraded to Neutral from Sell at Citigroup, SNAK 2.5% (upgraded to Buy at B. Riley ), NCMI 4.2% (upgraded to Overweight from Neutral at JP Morgan)... Downgrades: BBBY -0.3% (downgraded to Perform from Outperform at Oppenheimer), PETM flat(downgraded to Perform from Outperform at Oppenheimer), BONT -2.9% (downgraded to Hold from Buy at KeyBanc Capital Mkts, RDEN flat (downgraded to Market Perform from Outperform at BMO Capital), SBH flat (downgraded to Equal Weight from Overweight at Barclays), MELI -1.1% (downgraded to Neutral from Buy at BofA/Merrill), LULU -0.9% ( downgraded to Neutral from Outperform at Wedbush)
Trading higher following earnings/guidance: RUTH +8%, WTW +8%, AXL +7.1%, NCMI +4.2%, OPEN +3.7%, SUP +2.9%, CCO +2.6%, NWL +2.3%, HST +1.1%... Trading lower following earnings/guidance: LNKD -8.8%, DOLE -4.8%, HAIN -3%, WPO -1.2%, SPF -0.7% Other notable mentions: DIS (halts production in Bangladesh, Ecuador, Venezuela, Belarus and Pakistan, according to reports), NFLX 0.3% and CSTR 1.5% (reports out that Target (TGT) is launching TV/movie service)... Leaders: SHLD 2% (Sears Hldg CEO not finished unloading stores, according to reports ), LEE 5.3% (promotes Kevin Mowbray to Chief Operating Officer), GMCR 3.1% (announces its Keurig K150 Series Commercial Brewing System has been certified by the National Sanitation Foundation for foodservice use) Analyst related: Upgrades: TSCO 2.1% (upgraded to Outperform from Perform at Oppenheimer), BEAM 0.7% (upgraded to Buy from Neutral at Citigroup), GIL 1.8% (upgraded to Neutral from Sell at Citigroup, SNAK 2.5% (upgraded to Buy at B. Riley ), NCMI 4.2% (upgraded to Overweight from Neutral at JP Morgan)... Downgrades: BBBY -0.3% (downgraded to Perform from Outperform at Oppenheimer), PETM flat(downgraded to Perform from Outperform at Oppenheimer), BONT -2.9% (downgraded to Hold from Buy at KeyBanc Capital Mkts, RDEN flat (downgraded to Market Perform from Outperform at BMO Capital), SBH flat (downgraded to Equal Weight from Overweight at Barclays), MELI -1.1% (downgraded to Neutral from Buy at BofA/Merrill), LULU -0.9% ( downgraded to Neutral from Outperform at Wedbush)
