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Last Update: 08-Nov-12 10:21 ET
S&P Consumer Discretionary 0.1%, in-line with the broader market
The consumer discretionary group is in-line with the broader market in early trade. The retail group is in the red with the Retail HOLDRS Trust (RTH) -0.2% and the SPDR S&P Retail ETF (XRT) -0.2%. Trading higher following earnings/guidance: TVL +4.9%, WEN +4.2%, CQB +3.5%, MGA +2.2%, ATVI +0.6%... Trading lower following earnings/guidance: APEI -10.6%, KSS -3.2%, WFM -2.7%, GTN -1.8%, K -1.4%, MCD -0.7%, MDP -0.2%
Other notable mentions: TGT flat (announced a partnership with CNET to provide guests with CNET Editors' Picks for Target), GPS flat (Gap mentioned positively in Bloomberg report)... Leaders: WMT 0.7% (Wal-Mart will start Black Friday sales at 8pm on Thanksgiving, according to reports), GMCR 2.2% ( in partnership with Lavazza introduces the Keurig Rivo Cappuccino and Latte System), Laggards: HWD -1.9% (announces additional $40 mln to its recently refinanced luxury brand credit facility), EAT -0.4% ( announces Wyman Roberts will become CEO and President, effective Jan 1 2013 ), GNC -1.6% (announced underwritten offering of ~11.72 mln shares of its Class A common stock to be sold by Ares Corporate Opportunities Fund II and Ontario Teachers' Pension Plan Board) Analyst related: Upgrades: PH 2.6% (upgraded to Buy from Hold at ISI Group)... Downgrades: ITW -1% (downgraded to Hold from Buy at ISI Group )... Misc: CBRL -0.7% (early weakness attributed to cautious comments at ITG), ARO -3.8% (Hearing Detweiler out cautious on ARO), TOL flat (Hearing added to buy list at Deutsche Bank ),
Other notable mentions: TGT flat (announced a partnership with CNET to provide guests with CNET Editors' Picks for Target), GPS flat (Gap mentioned positively in Bloomberg report)... Leaders: WMT 0.7% (Wal-Mart will start Black Friday sales at 8pm on Thanksgiving, according to reports), GMCR 2.2% ( in partnership with Lavazza introduces the Keurig Rivo Cappuccino and Latte System), Laggards: HWD -1.9% (announces additional $40 mln to its recently refinanced luxury brand credit facility), EAT -0.4% ( announces Wyman Roberts will become CEO and President, effective Jan 1 2013 ), GNC -1.6% (announced underwritten offering of ~11.72 mln shares of its Class A common stock to be sold by Ares Corporate Opportunities Fund II and Ontario Teachers' Pension Plan Board) Analyst related: Upgrades: PH 2.6% (upgraded to Buy from Hold at ISI Group)... Downgrades: ITW -1% (downgraded to Hold from Buy at ISI Group )... Misc: CBRL -0.7% (early weakness attributed to cautious comments at ITG), ARO -3.8% (Hearing Detweiler out cautious on ARO), TOL flat (Hearing added to buy list at Deutsche Bank ),
