EmailThe consumer discretionary group is underperforming the broader market in early trade. The retail group is also in the red with the Retail HOLDRS Trust (RTH) -0.5% and the SPDR S&P Retail ETF (XRT) -1.1%.
Other notable mentions: TM flat (suspended some of its operations in China following island protests, according to reports), Leaders: SKUL 0.7% (names Kyle Wescoat CFO)... Laggards: JSDA -7.5% (discloses receipt of notification from Nasdaq stating that it will be delisted fromt he Nasdaq Capital Market effective September 20, 2012 ), BID -2% (discloses it has entered reduced its exposure to an auction guarantee in the amount of $50 mln covering three items that will be auctioned in November 2012), TWI -1.8% (provides further details on offer for Titan Europe), F -0.7% (CAW reaches tentative agreement with Ford Canada; talks continue with GM, Chrysler), ULTA -2.1% (Director sold 30,000 shares at $99.00-102.25 worth ~$3.0 mln),
Analyst related: Upgrades: LRLCY flat (L'Oreal upgraded to Buy from Hold at Societe Generale), GM 1.9% (upgraded to Buy from Neutral at boutique firm)... Downgrades: BBBY -2.9% (downgraded to Perform at Oppenheimer), PNRA -1.1% (downgraded to Hold from Buy at Miller Tabak), EBAY -1.2% (downgraded to Neutral at Compass Point), CBRL 0.1% (downgraded earlier to Neutral from Buy at Northcoast)... Misc: GRPN 0.6% (initiated with a Neutral at Piper Jaffray).
