The consumer discretionary group is in-line with the broader market in early trade. The retail group is in the green with the Retail HOLDRS Trust (RTH) 0.1% and the SPDR S&P Retail ETF (XRT) 0.3%. Trading higher following earnings/guidance: BAMM +11.4%, ANFI +9.4% ... Trading lower following earnings/guidance: SCHL -19.1%, TLYS -17.7% Other notable mentions: NSRGY flat (FT reviews news that Mexico has rejected Nestle takeover of Pfizer's infant business), LHO flat (filed for a mixed securities shelf offering for an undisclosed amount)... Leaders: LULU 0.7% (lululemon athletica, Calvin Klein and G-III Apparel Group reached a settlement agreement in design patent litigation), CMG 2.8% (announces additional $100 mln stock repurchase authorizations and accelerated repurchase transaction), Laggards: DMND -0.8% (discloses Michael J. Mendes, former President and CEO, formally resigned from the co; Steven M. Neil, former CFO, was formally terminated from the co), NWSA -0.6% (WSJ discusses that News Corp and CBS are in discussions about merging book businesses; also reports indicate News Corp has received approval to raise stake in Sky Deutschland)
Analyst related: Upgrades: PENN 1.7% (upgraded to Buy at Lazard), SKX 11.1% (upgraded to Positive at Susquehanna)... Downgrades: HRL 0.1% (downgraded to Underperform at Credit Agricole) ... Misc: YUM 0.8% (initiated with an Outperform at Macquarie), BRFS -0.7% (initiated with a Buy at Citigroup)






