The consumer discretionary group is slightly underperforming the broader market in early trade. The retail group is mixed with the Retail HOLDRS Trust (RTH) -0.2% and the SPDR S&P Retail ETF (XRT) 0.1%.
Trading higher following earnings/guidance: STLY +3.8%, MEG +2.1%... Trading lower following earnings/guidance: SBH -7.7%, WYNN -1.8%. Puma guidance weighing on select retailers (NKE -0.7% and ADDYY -0.7%) Other notable mentions: Leaders: FUN 0.7% (positive mention on MadMoney), EBAY 0.8% (reports that Paypal acquired card.io )... Laggards: RL -1.6% (CFO to resign from the company), SBH -7.7% (announces commencement of a secondary common stock offering), BAMM -21.1% (announces withdrawal of acquisition proposal), GET -0.7% (TRT Holdings reports 21.8% stake in amended 13D filing; believes recently announced proposed transaction with MAR is not in best interest of shareholders), KO -0.6% (lower despite positive mention in Barron's).
Analyst related: Upgrades: TIF 2.2% (upgraded to Buy from Neutral at Goldman)... Downgrades: WFM -0.6% (downgraded to Perform/Hold from Outperform at William's Capital Group), PH 0.6% (downgraded to Hold from Buy at Jefferies), TSLA -4.2% (downgraded to Sell at Wunderlich), SKS -2.8% ( downgraded to Sell from Neutral at Goldman), CNK -1.2% (downgraded to Hold at Stifel Nicolaus), HOT -1.1% (downgraded to Hold from Buy at Argus), SPLS -0.8% ( downgraded to Neutral from Buy at UBS), ... Misc: SFLY 3.7% (initiated with Buy at BofA/Merrill), GM 1.3% (initiated with a Overweight at JP Morgan), F 1% (initiated with a Overweight at JP Morgan), TRW 2.1% (initiated with a Overweight at JP Morgan), TEN 2.8% (initiated with a Overweight at JP Morgan), ALV -0.7% (initiated with a Overweight at JP Morgan), TRLG -0.6% (Hearing Q2 ests lowered at Lazard), EXPE -0.4% (Hearing cautious comments at Lazard; seeing signs of deceleration in the domestic hotel business), AXL -0.6% (initiated with a Underweight at JP Morgan), LEA 0.4% (initiated with a Neutral at JP Morgan), MCD -0.7% (Hearing ests lowered at ITG Global Research).






