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Last Update: 29-Apr-13 09:51 ET
S&P Consumer Discretionary Index +0.1%, underperforming the broader market
The consumer discretionary group is slightly underperforming the broader market in early trade. The retail group is mixed with the Retail HOLDRS Trust (RTH) 0.1% and the SPDR S&P Retail ETF (XRT) -0.7%.
Trading lower following earnings/guidance: CHH -5.9% Other notable mentions: HBI 0.3%, GPS flat and TAP 0.5% (Barron's profiles positive view on HBI, B, GPS, and TAP), GTIM flat (filed for a $6 mln common stock and warrants offering)... Leaders: JCP 2.7% ( confirms it has entered into a commitment with Goldman Sachs for a $1.75 bln 5-year senior secured loan facility), TJX 0.5% ( files debt securities shelf offering), HLF 1.1% (Herbalife is expected to make changes to its business model, according to reports)... Laggards: AMZN -0.6% (Amazon.com and Ebay are considering same day delivery option, according to reports ), RH -2.6% ( filed for a $200 mln common stock offering by selling stockholders) Analyst related: Upgrades: LRLCY 3.3% (upgraded to Buy from Hold at Societe Generale), DIS 1.4% (upgraded to Buy from Neutral at UBS), ANF 1.4% (upgraded to Outperform from Neutral at Macquarie)... Downgrades: GCI -1.3% (downgraded to Underweight from Equal Weight at Barclays), BUD 1% (downgraded to Mkt Perform from Outperform at Bernstein), PNK -2% (downgraded to Neutral from Buy at ISI Group), WPPGY -1.1% (downgraded to Neutral at HSBC Securities)... Misc: DKS 1% ( initiated with an Overweight at Barclays), ANN 0.1% (initiated with an Outperform at BlueFin), MSG 1% (Madison Square Garden initiated with an Outperform at Credit Suisse)
Trading lower following earnings/guidance: CHH -5.9% Other notable mentions: HBI 0.3%, GPS flat and TAP 0.5% (Barron's profiles positive view on HBI, B, GPS, and TAP), GTIM flat (filed for a $6 mln common stock and warrants offering)... Leaders: JCP 2.7% ( confirms it has entered into a commitment with Goldman Sachs for a $1.75 bln 5-year senior secured loan facility), TJX 0.5% ( files debt securities shelf offering), HLF 1.1% (Herbalife is expected to make changes to its business model, according to reports)... Laggards: AMZN -0.6% (Amazon.com and Ebay are considering same day delivery option, according to reports ), RH -2.6% ( filed for a $200 mln common stock offering by selling stockholders) Analyst related: Upgrades: LRLCY 3.3% (upgraded to Buy from Hold at Societe Generale), DIS 1.4% (upgraded to Buy from Neutral at UBS), ANF 1.4% (upgraded to Outperform from Neutral at Macquarie)... Downgrades: GCI -1.3% (downgraded to Underweight from Equal Weight at Barclays), BUD 1% (downgraded to Mkt Perform from Outperform at Bernstein), PNK -2% (downgraded to Neutral from Buy at ISI Group), WPPGY -1.1% (downgraded to Neutral at HSBC Securities)... Misc: DKS 1% ( initiated with an Overweight at Barclays), ANN 0.1% (initiated with an Outperform at BlueFin), MSG 1% (Madison Square Garden initiated with an Outperform at Credit Suisse)
