EmailThe 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) -0.2% and the SPDR S&P Retail ETF (XRT) -0.2%.
Trading lower following earnings/guidance: HGG -33.8%, BURBY -7.7%. Other notable mentions: IMAX 0% (continues network expansion in China With 3 new IMAX Theatres), P 0.3% (Pandora Media initiating trials for expansion abroad in Australia and New Zealand, according to reports), Leaders: ANF 4.4% (NYPost reporting, citing sources, that ANF is preparing a 'massive share buyback'), WTW 1.6% (names Nicholas P. Hotchkin Chief Financial Officer), SWHC 1.4% (Smith & Wesson discloses Asset Purchase Agreement with FutureNet Group), Laggards: MJN 3.7% (following yesterday's weakness on reports related to baby formula, confirmed that the Hunan Provincial Credit Construction Promotion Council has issued an apology for erroneous reports based on invalid testing related to the presence of Vanillin in infant formula products), ACC -1.7% (prices 15 mln shares of common stock at $44.25), BZH -2.7% (prices 22 mln shares of common stock at $2.90 per share; prices 4 mln 7.50% tangible equity units at $25 each), DTV -0.4% (Viacom (VIAB) drops 17 national networks from DIRECTV Lineup after ignoring DTV's latest proposal ), KOF -6.6% (early weakness being attributed to pricing of block trade)
Analyst related: Upgrades: WEN 1.1% (upgraded to Outperform from Neutral at Wedbush), AMCX 2.9% (AMC Networks upgraded to Positive from Neutral at Susquehanna), ... Downgrades: SPLS -1.6% (downgraded to Market Perform from Outperform at Bernstein), ODP -4.2% (downgraded to Market Perform from Outperform at Bernstein), ... Misc: LTM 0% (Life Time Fitness initiated with a Hold at Stifel Nicolaus ), AMZN 0.5% (initiated with a Market Perform at BMO Capital), MGM -0.5% (Hearing tgt cut to $11.50 from $16 at Citigroup)
