Emailhe consumer discretionary group is slightly underperforming the broader market in early trade. The retail group is also in the green with the Retail HOLDRS Trust (RTH) -1.3% and the SPDR S&P Retail ETF (XRT) -2.1%.
Trading higher following earnings/guidance: HAS +5%, CCE +0.4%... Trading lower following earnings/guidance: WTSLA -15.5%, MCD -3.3%, URI -1.7%... Near unchanged mark following earnings/guidance: SAH Other notable mentions:PEET halted (Peet's Coffee will be acquired for $73.50/share in cash), Leaders: TLB 2.5% (Talbots and Sycamore Partners announce amendment to merger agreement related to financing proceeds condition), CBOU 1% (popping higher on light volume following PEET news)... Laggards: GNC -3% (elects CEO Joseph Fortunato to replace Norman Axelrod as Chairperson of the Board), TGT -1.2% (remodels 30 stores to expand fresh food selection), FOH -8.3% (filed for a ~28.4 mln share offering of common stock by selling shareholders), DWA -1.9% (confirms plans to Acquire Classic Media), DNKN -2.4% (announces plans to expand presence in Germany), JMBA -1.2% (announced expansion plans into new markets with new franchisees), NFLX -2.3% (named Kelly Bennett its Chief Marketing Officer).
Analyst related: Upgrades: BYD -0.1% (upgraded to Neutral from Underperform at Sterne Agee), ARO -1.7% (Aeropostale upgraded to Overweight from Neutral at Piper Jaffray)... Downgrades: LHO -2.2% (downgraded to Neutral from Buy at Goldman), DECK -6.2% (downgraded to Underperform from Neutral at Sterne Agee), PENN -4% (downgraded to Hold from Buy at KeyBanc),-F WAG -2.4% (downgraded to Neutral from Buy at UBS)... Misc: MAR -3% (removed from Conviction Buy List at Goldman), CNK -1.9% (initiated with a Neutral at Goldman), RGC -1.3% (initiated with a Neutral at Goldman), IMAX -6% (initiated with a Buy at Goldman).
