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) -1.7% and the SPDR S&P Retail ETF (XRT) -0.8%. Trading higher following earnings/guidance: TFM +11.5%... Trading lower following earnings/guidance/SSS: JOSB -6.8%, FINL -3.8%, M -2.5%, HBI -1.1%, Near unchanged mark following earnings/guidance/SSS: FRED. Other notable mentions: BIDZ flat (Bidz.com entered into a definitive merger agreement with Glendon Group to be acquired for $0.78 per share in cash)... Laggards:OWW -6.8% (discloses Russell Hammer resigned as Senior Vice President and CFO, appointed David Belmont as the Interim CFO), ABCD -1.5% (announces share repurchase program that allows co to purchase up to $5 mln of its shares of common stock over a one year period), RGR -1.4% (resumes normal acceptance of orders), MOTR -6.1% (appoints Nathan Fong as CFO), BWS -1.4% (names Russ Hammer CFO as Mark Hood resigns), GPS -1.1% (lower despite positive mention on MadMoney), IMAX -2% (the co and Columbia Pictures confirmed Men in Black 3 grossed $12.7 million at the box office in 474 IMAX theatres worldwide during its 4-day opening weekend), GRPN -2.6% (acquires Breadcrumb according to company blog), SFLY -2.7% (acquires Israeli phot software co Photoccino), AMZN -1.6% (Amazon.com's LOVEFiLM AND NBCUniversal announce exclusive multi-year digital agreement).
Analyst related: Upgrades: WYNN flat (upgraded to Buy from Neutral at Goldman), SAFM 1.9% (upgraded to Buy from Hold at Keybanc), JACK flat (upgraded to Outperform at Oppenheimer), ANGI 1.7% (upgraded to Buy from Neutral at BofA/Merrill), LNKD 1% (upgraded to Buy from Neutral at Citigroup)... Misc: LULU -2.1% (initiated with Outperform at Wedbush).






