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) -0.3% and the SPDR S&P Retail ETF (XRT) -0.5%. Trading lower following earnings/guidance: LEN -0.8%. Other notable mentions: BYI flat (to provide iGaming Platform for Stratosphere Casino, Hotel & Tower Parent Company)... Leaders: WTSLA 2.5% (ticking higher following insider buy... Directors (2) bought 58,500 shares at $3.19-3.22 worth ~$200K), GTN -2.3% (commenced an offering of $250.0 million aggregate principal amount of senior notes due 2020), LVS 1.5% (shareholder reportedly recommended spinning off hotel and retail businesses to unlock value), P 3.5% (NYTimes discusses that a bill in Congress that could change royalty fees for internet radio)... Laggards: NFLX -1.1% (reports out indicate NFLX removes A&E and History channels content)
Analyst related: Upgrades: PVH 2.1% (upgraded to Overweight from Neutral at Piper Jaffray), CTB 1.6% (upgraded to Buy from Hold at Deutsche Bank), LAMR 1.6% (upgraded to Outperform from Market Perform at Wells Fargo)... Downgrades: CCI -1.6% (downgraded to Neutral from Outperform at Macquarie), DRI -1.1% (downgraded to Neutral from Positive at Susquehanna, downgraded to Neutral from Overweight at JP Morgan)... Misc: SBH 0.3% (resumed with a Outperform at Credit Suisse), PNRA 0.8% (early strength attributed to positive mention at ITG), GME -0.2% (Hearing estimates cut at Lazard).
