EmailThe consumer discretionary group is slightly outperforming the broader market in early trade. The retail group is also faring better following retail comps with the Retail HOLDRS Trust (RTH) 0% and the SPDR S&P Retail ETF (XRT) -0.2%.
Trading higher following earnings/guidance/SSS: P +18.6%, APP +5.5%, BKE +4.7%, GPS +1.7%, KSS +1.7%, CHUY +1.3%, PIR +1.2%, JWN +0.6%, BONT +0.5%, LTD +0.5%, M +0.5%... Trading lower following earnings/guidance/SSS: VRA -7.1%, OXM -4.7%, WPPGY -2.8%, TIVO -1.5%, SMRT -0.6%, TJX -0.6%, FRED -0.4%... Near unchanged mark following earnings/guidance/SSS: TGT, COST, SSI, CATO, WTSLA, ROST. Other notable mentions: JCP flat (Reuters discusses comments from JCP CEO Ron Johnson that its specialty shops are doing well to bring in customers).... Leaders: AMZN 0.5% (has agreed on a deal to sell its e-books through other retailers, according to reports; also confirms that Kindle Fire is sold out; in nine months Kindle Fire has captured 22% of tablet sales in the U.S.)... Laggards: SHLD -5.3% (to be removed from the S&P 500), PNK -1.2% (announces additional investment in asian coast development).
Analyst related: Upgrades: P 19.3% (upgraded to Buy from Neutral at Sun Trust Rbsn Humphrey), VOLVY -1.9% (upgraded to Buy from Hold at Societe Generale).
