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) -0.1% and the SPDR S&P Retail ETF (XRT) -0.7%. Trading lower following earnings/guidance: CMG -14.7%, PH -7.5%, MCD -3.4% Other notable mentions: Leaders: SNI 4.8% (Scripps Networks Interactive confirmed earlier the end of The Edward W. Scripps Trust; Family's next generation will control Scripps Networks Interactive), PAG 0.8% (increases dividend 8.3% to $0.13/share), KMX 1.3% (authorizes $300 million share repurchase), HWD 1.1% (to recent media reports: co has received various indications of interest regarding purchase of its luxury brand segment)... Laggards: CAR -0.9% (Announces Extension of Its Principal U.S. Asset-Backed Bank Conduit Facility), WWE -1% (denies allegations it was 'caught' not paying taxes), BKW -4.1% (confirmed launch specialty coffees with NESCAFE MILANO by Nestle Professional), OEH -0.5% (confirms it has received an unsolicited letter from The Indian Hotels Company and others to acquire all outstanding shares of Orient-Express Hotels)
Analyst related: Upgrades: HOG -0.2% (upgraded to Overweight from Neutral at JP Morgan)... Downgrades: ANN -2% (downgraded to Neutral from Buy at Nomura)... Misc: GES -4.3% (initiated with a Underweight at Morgan Stanley), DSW flat (initiated with a Neutral at JP Morgan), NFLX -0.7% (positive mention at Pacific Crest), LULU -3.7% (cautious comments at Credit Suisse)
