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) -0.8% and the SPDR S&P Retail ETF (XRT) -0.2%. Trading higher following earnings/guidance: PERY +9.1%, BONT +8.4%, HOTT +7.6%, PETM +5.2%, SBH +2.1%, TGT +0.8%... Trading lower following earnings/guidance: DMND -18%, PLCE -14.7%, WMT -4.5%, ROST -4.3%, ROST -4.3%, BKE -1.9%, LTD -1.8%, SSI -1.5%, GME -1%, CATO -0.5%, WSM -0.5%. Other notable mentions: Leaders: TIVO 0.4% (TiVo and Virgin Media (VMED) Expand Offering), GRPN 2.6% (names Kal Raman COO), BBY 1.1% (Carphone Warehouse Group may buy BBY out of its JV in Europe, according to reports out yesterday)... Laggards: GM -1% ( is expected to exit one of its JVs, according to reports), MCD -0.4% (announced that Jeff Stratton, currently Global Chief Restaurant Officer, will succeed Jan Fields as president of McDonald's USA), WAG -0.4% (WellCare Group to offer Medicare plan information at select Walgreens (WAG) in 12 states), ZUMZ -1.2% (approved repurchase of $22 mln of common stock), BYI -1.3% (Ramesh Srinivasan promoted to President and CEO, Richard Haddrill becomes Chairman)
Analyst related: Upgrades: ANF -0.3% (upgraded to Buy from Neutral at Sterne Agee, upgraded at Credit Suisse), TWC 2.2% (upgraded to Overweight at JP Morgan)... Misc: GMCR 0.5% (Hearing positive mention at OTR Global Research), HAR -0.6% ( initiated with Market Perform at Wells Fargo)
