The consumer discretionary group is outperforming the broader market in early trade. The retail group is also in the green with the Retail HOLDRS Trust (RTH) 0.3% and the SPDR S&P Retail ETF (XRT) 0.2%. Trading higher following earnings/guidance: AZO +0.8%, GIS +1.5%... Trading lower following earnings/guidance: ASNA -2.9%... Near unchanged mark following earnings/guidance: VFC. Other notable mentions: LTRE flat (announces receipt of unsolicited indication of interest for $5.25 per-share price in cash)... Leaders: GRPN 6.8% (spiking on new payment offering), WYNN 0.8% (issues statement on Okada letter to shareholders), AMZN 0.6% (Online retailer Endless.com confirms on its website that it will become part of AMZN; terms not disclosed), IMAX 1.3% (IMAX and Canada's Cinemas Guzzo expand revenue share agreement with three-theatre deal)... Laggards:SFLY -3.2% (weakness being attributed to AM/Snapfish news), DTV -0.7% (DIRECTV is considering a bid for Vivendi's Brazilian phone unit GVT, according to reports), AM -1.6% (announces content licensing agreement with Snapfish by HPQ)
Analyst related: Upgrades: CQB 10.1% (upgraded to Buy from Hold at BB&T), FDP 4% (upgraded to Buy from Hold at BB&T)... Downgrades: BONT -3.8% (downgraded to Underperform from Neutral at Credit Suisse), PSMT -2.3% (downgraded to Neutral from Buy at Janney), HAS -1.4% and MAT -1.8% (downgraded to Hold from Buy at Needham)... Misc: SHW 1.1% (initiated with a Top Pick at RBC Capital), DIS 0.2% (Hearing positive mention at Wells Fargo), DECK -8.7% (Hearing cautious analyst comments related to margin limitations).






