EmailThe consumer discretionary group is in-line with the broader market in early trade. The retail group is also in the green with the Retail HOLDRS Trust (RTH) 0.3% and the SPDR S&P Retail ETF (XRT) 0.3%. Trading higher following earnings/guidance: CCSC +4.3%, CALM +3.8%, ... Trading lower following earnings/guidance: GMAN -22.5%, JAKK -11.7% Other notable mentions: WPO (disclosed Kaplan Higher Education has ceased new enrollments at nine ground campuses, will consolidate operations )... Leaders: EDU 3.6% (announces results of independent investigation; finds no no significant evidence to support Muddy Waters allegations), CKEC 1.9% (to acquire 16 theatres with 251 Screens from Rave Reviews Cinemas), MGI 5.4% (announces new money transfer agreement with Walmart), TRW 9.5% (authorized a $1 billion share repurchase program), SHLD 1.8% (announces new agreement with Jackson Hewitt Tax Service ), WTSLA 1.9% (Glass Lewis supports Clinton Group's proposals for change at Wet Seal), NWSA 1.9% (hired compliance staff from the SEC, according to reports).
Analyst related: Upgrades: FINL 2.6% (upgraded to Neutral from Underperform at Sterne Agee), DWA 1% (upgraded to Buy from Neutral at Janney Montgomery Scott), CWTR 15.6% (Coldwater Creek upgraded to Overweight from Neutral at Piper Jaffray)... Downgrades: TAP -3% (downgraded to Underweight from Equal-Weight at Morgan Stanley), PHM -1% (downgraded to Neutral from Outperform at Credit Suisse), MDC -0.3% (downgraded to Underperform from Neutral at Credit Suisse), WEN -4.1% (downgraded to Neutral from Buy at Janney Montgomery Scott), SAM -2.7% (downgraded to Sell from Neutral at UBS)... Misc: YELP 0.2% and Z 0.4% (initiated with Equal Weights at Barclays ), ANF -1% (initiated with a Underperform at Credit Suisse), CCL 0.8% (initiated with Equal Weights at Barclays).
