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Last Update: 28-Feb-13 10:44 ET
S&P Consumer Discretionary flat, in-line with the broader market
The consumer discretionary group is in-line with the broader market in early trade. The retail group is in the red with the Retail HOLDRS Trust (RTH) -0.3% and the SPDR S&P Retail ETF (XRT) -0.5%.
Trading higher following earnings/guidance: MNST +4.5%, NED +4.1%, STNR +3.8%, CECO +3.1%, WEN +2%, DPZ +1.9%... Trading lower following earnings/guidance: GRPN -24.8%, JCP -16.9%, KSS -3.5%, CVC -3.3%, TAST -2.2%, BKS -2.2%, XUE -1%, BEE -0.8%, WWE -0.6%, IILG -0.4%... Near unchanged mark following earnings/guidance: SHLD, LINTA Other notable mentions: KAR flat ( announces intention to amend credit facility to lower pricing), GMCR flat (Expands the Keurig Vue Series, Adding the Vue V500 Brewing System), Leaders: JWN 0.5% ( increases quarterly dividend by 11% to 30 cents per share; authorizes repurchase program of up to $800 mln of the co's outstanding common stock, through March 1, 2015), BYD 1.5% (Announces Agreement To Sell Dania Jai-Alai for $65.5 mln in cash), Laggards: WMT -0.3% (reports indicate Wal-Mart Admin Chief Tom Mars to leave the company; Kimco Realty has received SEC subpoena in connection with Wal-Mart, according to reports) Analyst related: Upgrades: BUD flat(upgraded to Outperform from Neutral at Credit Suisse)... Downgrades: SKS -4.1% (downgraded to Underweight from Equal-Weight at Morgan Stanley)... Misc: EBAY 0.6% (initiated with an Outperform at BMO Capital Mkts), TJX 0.5% (Hearing positive comments at Lazard following earnings), TGT 0.2% (Hearing cautious comments at Credit Suisse)
Trading higher following earnings/guidance: MNST +4.5%, NED +4.1%, STNR +3.8%, CECO +3.1%, WEN +2%, DPZ +1.9%... Trading lower following earnings/guidance: GRPN -24.8%, JCP -16.9%, KSS -3.5%, CVC -3.3%, TAST -2.2%, BKS -2.2%, XUE -1%, BEE -0.8%, WWE -0.6%, IILG -0.4%... Near unchanged mark following earnings/guidance: SHLD, LINTA Other notable mentions: KAR flat ( announces intention to amend credit facility to lower pricing), GMCR flat (Expands the Keurig Vue Series, Adding the Vue V500 Brewing System), Leaders: JWN 0.5% ( increases quarterly dividend by 11% to 30 cents per share; authorizes repurchase program of up to $800 mln of the co's outstanding common stock, through March 1, 2015), BYD 1.5% (Announces Agreement To Sell Dania Jai-Alai for $65.5 mln in cash), Laggards: WMT -0.3% (reports indicate Wal-Mart Admin Chief Tom Mars to leave the company; Kimco Realty has received SEC subpoena in connection with Wal-Mart, according to reports) Analyst related: Upgrades: BUD flat(upgraded to Outperform from Neutral at Credit Suisse)... Downgrades: SKS -4.1% (downgraded to Underweight from Equal-Weight at Morgan Stanley)... Misc: EBAY 0.6% (initiated with an Outperform at BMO Capital Mkts), TJX 0.5% (Hearing positive comments at Lazard following earnings), TGT 0.2% (Hearing cautious comments at Credit Suisse)
