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Last Update: 12-Dec-12 10:05 ET
S&P Consumer Discretionary higher by 0.1%, underperforming the broader market
The consumer discretionary group is underperforming the broader market in early trade. The retail group is mixed with the Retail HOLDRS Trust (RTH) -0.5% and the SPDR S&P Retail ETF (XRT) 0%. Trading lower following earnings/guidance: COST -0.7%
Other notable mentions: Leaders: AVP 1% (outlines cost saving initiatives), HMC 1.1% ( is recalling 87000 vehicles over rollaway issues, according to reports), CSTR 6.2% (Redbox Instant by Verizon (VZ) unveils details of Disc + Digital Movie Service; announces Streaming Content Agreement with EPIX), EAT 0.4% ( Citadel Advisors discloses 5.5% stake in 13G filing )... Laggards: WMT -2% (cautious comments by exec related to holiday spending), LULU -0.4% (discloses that its founder and Chairman intends to establish a pre-arranged stock trading plan to sell a portion of his stock) Analyst related: Downgrades: LAMR -0.6% (downgraded to Average at Caris & Company), RCL -0.1% (downgraded to Neutral from Buy at Longbow)... Misc: OPEN 1.7% (initiated with a Overweight at JP Morgan), UA -1.6% (initiated with a Underweight at JP Morgan), NKE -0.3% (initiated with a Neutral at JP Morgan), MFRM 2.6% (initiated with a Buy at Citigroup), OWW 2.5% (initiated with a Buy at Janney ), MMYT 0.7% (initiated with a Neutral at Janney), PCLN 1.1% (initiated with a Neutral at Janney), YELP 2.8% (initiated with a Outperform at Credit Suisse, initiated with Neutral at JPMorgan)
Other notable mentions: Leaders: AVP 1% (outlines cost saving initiatives), HMC 1.1% ( is recalling 87000 vehicles over rollaway issues, according to reports), CSTR 6.2% (Redbox Instant by Verizon (VZ) unveils details of Disc + Digital Movie Service; announces Streaming Content Agreement with EPIX), EAT 0.4% ( Citadel Advisors discloses 5.5% stake in 13G filing )... Laggards: WMT -2% (cautious comments by exec related to holiday spending), LULU -0.4% (discloses that its founder and Chairman intends to establish a pre-arranged stock trading plan to sell a portion of his stock) Analyst related: Downgrades: LAMR -0.6% (downgraded to Average at Caris & Company), RCL -0.1% (downgraded to Neutral from Buy at Longbow)... Misc: OPEN 1.7% (initiated with a Overweight at JP Morgan), UA -1.6% (initiated with a Underweight at JP Morgan), NKE -0.3% (initiated with a Neutral at JP Morgan), MFRM 2.6% (initiated with a Buy at Citigroup), OWW 2.5% (initiated with a Buy at Janney ), MMYT 0.7% (initiated with a Neutral at Janney), PCLN 1.1% (initiated with a Neutral at Janney), YELP 2.8% (initiated with a Outperform at Credit Suisse, initiated with Neutral at JPMorgan)
