EmailThe retail group is also in the red with the Retail HOLDRS Trust (RTH) -0.5% and the SPDR S&P Retail ETF (XRT) -0.9%. Trading lower following earnings/guidance: NKE -2%, FINL -1.5%, AM -0.3%... Near unchanged mark following earnings/guidance: WAG. Other notable mentions: DMND flat (Litespeed Management discloses 7.66% stake in 13G filing), RSH flat (RadioShack receives $100 mln term loan), KR flat (subsidiary Ralphs Grocery issues statement followign approved settlement by the LA Superior Court ), HINKY (Heineken has gained control of Tiger Beer following shareholder approval at F&N, according to reports)... Leaders: INN 2.4% (increases offering by 2 mln shares and prices 12 mln shares of common stock at $8.15), LTRE 4.7% (Special Committee of the Board of Directors retains independent legal counsel; receives additional indications of interest), GRPN 0.8% (Groupon has reshuffled some of its execs in a move to help Europe business, according to reports)... Laggards: GMCR -3% (expands its line of Keurig Vue Brewers), NTRI -1.2% (extends Joe Redling as CEO on an interim basis), RAH -0.5% and POST -0.5% (Ralcorp Holdings announces sale of stake in Post Holdings).
Analyst related: Downgrades: MCD -2.5% (McDonald's downgraded to Neutral from Buy at Janney ), TJX -1.6% and ROST -1.8% (downgraded to Neutral at boutique firm)... Misc: DDS -0.9% (initiated at Telsey Advisory Group; tgt $80), CMG -1.6% (Hearing cautious mention at Cowen), MNST 0.9% (Hearing OTR out positive on MNST suggesting that co is starting to gain share again).
