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Last Update: 27-Feb-13 10:44 ET
S&P Consumer Discretionary +0.3%, in-line with the broader market
The consumer discretionary group is in-line with the broader market in early trade. The retail group is mixed with the Retail HOLDRS Trust (RTH) 0.6% and the SPDR S&P Retail ETF (XRT) flat.
A few casino/gaming names are seeing early strength on NJ and Asia gambling company SJM Holdings results. Some names trading higher include: MGM +2.1%, ISLE +2%, BYD +1.3%, WYNN +1.3%, LVS +1.2%, PNK +0.9%, MPEL +0.9%, PENN +0.3%, Trading higher following earnings/guidance: DLTR +9.2%, BGFV +8.8%, ZAGG +6.6%, LAMR +4.8%, PCLN +3.4%, TIVO +3%, INN +2.5%, BUD +0.7%... Trading lower following earnings/guidance: CETV -8.1%, PZZA -6%, DWA -2.8%, CCG -2.5%, TGT -2.4%, ABV -1.9%, ASCMA -0.4%... Near unchanged mark following earnings/guidance: TJX Other notable mentions: COH 5.1% (hearing M&A speculation lifting the stock ), ODP 1.3% ( Starboard urges Office Depot to explore sale of Office Depot de Mexico joint venture interest), HOT 0.3% (Starwood Hotels is in discussions to purchase 4 malls from Macerich (MAC), according to reports). Analyst related: Upgrades: DRI 2% (upgraded to Neutral from Underperform at BofA/Merrill)... Downgrades: SSP -2.5% (downgraded to Neutral from Overweight at JP Morgan... Misc: LNKD 3.1% and OPEN 3.8% (initiated with a Buy at Wunderlich), YELP flat (initiated with a Hold at Wunderlich), TFM flat (initiated with a Hold at BB&T Capital Mkts), BKW -0.3% (Hearing cautious comments at Detwiler Fenton), FRAN 2.7% (downgraded to Neutral from Overweight at JP Morgan)
A few casino/gaming names are seeing early strength on NJ and Asia gambling company SJM Holdings results. Some names trading higher include: MGM +2.1%, ISLE +2%, BYD +1.3%, WYNN +1.3%, LVS +1.2%, PNK +0.9%, MPEL +0.9%, PENN +0.3%, Trading higher following earnings/guidance: DLTR +9.2%, BGFV +8.8%, ZAGG +6.6%, LAMR +4.8%, PCLN +3.4%, TIVO +3%, INN +2.5%, BUD +0.7%... Trading lower following earnings/guidance: CETV -8.1%, PZZA -6%, DWA -2.8%, CCG -2.5%, TGT -2.4%, ABV -1.9%, ASCMA -0.4%... Near unchanged mark following earnings/guidance: TJX Other notable mentions: COH 5.1% (hearing M&A speculation lifting the stock ), ODP 1.3% ( Starboard urges Office Depot to explore sale of Office Depot de Mexico joint venture interest), HOT 0.3% (Starwood Hotels is in discussions to purchase 4 malls from Macerich (MAC), according to reports). Analyst related: Upgrades: DRI 2% (upgraded to Neutral from Underperform at BofA/Merrill)... Downgrades: SSP -2.5% (downgraded to Neutral from Overweight at JP Morgan... Misc: LNKD 3.1% and OPEN 3.8% (initiated with a Buy at Wunderlich), YELP flat (initiated with a Hold at Wunderlich), TFM flat (initiated with a Hold at BB&T Capital Mkts), BKW -0.3% (Hearing cautious comments at Detwiler Fenton), FRAN 2.7% (downgraded to Neutral from Overweight at JP Morgan)
