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Last Update: 20-Feb-13 10:49 ET
Information Technology Sector trading lower by 0.3% and behind the broader market
The consumer discretionary group is in-line with the broader market in early trade. The retail group is also in the red with the Retail HOLDRS Trust (RTH) -0.1% and the SPDR S&P Retail ETF (XRT) -0.1%.
Trading higher following earnings/guidance: LZB +12.4%, LOPE +4%, TXRH +3.8%, HLF +2.3%... Trading lower following earnings/guidance: GTN -10.9%, TOL -4%, SHO -1.6%, K -1%, MAR -0.3%... Near unchanged mark following earnings/guidance: CCO Other notable mentions: OMX and ODP (OfficeMax stockholders will receive 2.69 Office Depot common shares for each share of OfficeMax common stock)... Leaders: AMZN 1.3% (Reuters discusses sales tax from internet commerce that is starting in some US states)... Laggards: KORS -3.2% (announces secondary offering in Form F-3) Analyst related: Upgrades: MDP 3.5% (upgraded to Buy from Neutral at Citigroup), SPLS -1.7% (upgraded to Neutral from Sell at Citigroup), DANOY -0.9% (upgraded to Neutral from Underperform at Exane BNP Paribas)... Downgrades: HOT -0.7% (downgraded to Hold from Buy at Jefferies), DECK -4% (downgraded to Neutral from Outperform at Wedbush), FNP 2.2% (downgraded to Neutral from Outperform at Wedbush), RRGB -1.6% (downgraded earlier to Neutral from Buy at Davenport)... Misc: BWLD -2.1% (Hearing OTR Research out cautious on BWLD: concerned about potential MCD national wing roll out), PVH -0.7% (resumed with a Buy at Citigroup), LNKD 2.4% (mentioned positively at Morgan Stanley; tgt to $180 from $165)
Trading higher following earnings/guidance: LZB +12.4%, LOPE +4%, TXRH +3.8%, HLF +2.3%... Trading lower following earnings/guidance: GTN -10.9%, TOL -4%, SHO -1.6%, K -1%, MAR -0.3%... Near unchanged mark following earnings/guidance: CCO Other notable mentions: OMX and ODP (OfficeMax stockholders will receive 2.69 Office Depot common shares for each share of OfficeMax common stock)... Leaders: AMZN 1.3% (Reuters discusses sales tax from internet commerce that is starting in some US states)... Laggards: KORS -3.2% (announces secondary offering in Form F-3) Analyst related: Upgrades: MDP 3.5% (upgraded to Buy from Neutral at Citigroup), SPLS -1.7% (upgraded to Neutral from Sell at Citigroup), DANOY -0.9% (upgraded to Neutral from Underperform at Exane BNP Paribas)... Downgrades: HOT -0.7% (downgraded to Hold from Buy at Jefferies), DECK -4% (downgraded to Neutral from Outperform at Wedbush), FNP 2.2% (downgraded to Neutral from Outperform at Wedbush), RRGB -1.6% (downgraded earlier to Neutral from Buy at Davenport)... Misc: BWLD -2.1% (Hearing OTR Research out cautious on BWLD: concerned about potential MCD national wing roll out), PVH -0.7% (resumed with a Buy at Citigroup), LNKD 2.4% (mentioned positively at Morgan Stanley; tgt to $180 from $165)
