EmailThe 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) -0.3% and the SPDR S&P Retail ETF (XRT) -0.3%. Trading higher following earnings/guidance: YELP +14.5%, PNK +6.4%, PNRA +5.1%, VLKAY +1.9%, KOF +1%, CMRE +0.5%... Trading lower following earnings/guidance: NFLX -14.2%, SIX -11.8%, BWLD -11.3%, PEUGY -4.3%, DPS -2.4%, HBI -2.4%, EAT -2.4%, JNY -1.6%, WYN -1.2%
Other notable mentions: NKE flat (NIKE announces sale of Umbro to Iconix Brand Group)... Leaders: F 1% (planning to close plant in Belgium, according to reports), SIRI 1.2% (Sirius XM Radio CEO stepping down), Laggards: ROIAK -2.4% (announces definitive agreement to sell the assets of WJKR-FM in Columbus), SIX -11.9% (quarterly dividend raised 50 percent to 90 cents per share), EBAY -1% (eBay will partner with FedEx to offer shipping discounts to compete with Amazon, according to reports) Analyst related: Downgrades: BUD 0.3% (downgraded to Sell at Goldman), WPPGY -0.4% (downgraded to Neutral from Buy at UBS)... Misc: DLTR 1.2% (Dollar Tree added to Conviction Buy list at Goldman), FRAN 1.9% (initiated with Buy at CL King )
