EmailThe consumer discretionary group is in-line with the broader market in early trade. The retail group is mixed with the Retail HOLDRS Trust (RTH) 0.3% and the SPDR S&P Retail ETF (XRT) -0.1%.
Trading higher following earnings/guidance: HTZ +6.4%, CTB +5.5%, ANFI +3%... Trading lower following earnings/guidance: DDS -8.3%, PSO -6.4%, LOW -1% Other notable mentions: COH 0.8% and KORS -0.4% (Barron's profiles positive view on Coach while being relatively cautious on Michael Kors), NYT flat (New York Times has received a bid of $100 mln for its Boston Globe unit, according to reports), Leaders: YUM 0.8% (plans on increasing checks on suppliers following China scare, according to reports), Laggards: ESI -11.5% (under pressure in early trade; filed 10-K on Friday and disclosed it received a subpoena from the SEC on February 8, 2013)
Analyst related: Upgrades: BID 1.4% (upgraded to Buy at Craig Hallum), BUD 0.3% (upgraded to Neutral at Nomura), SWY 0.7% (upgraded to Neutral from Underperform at BofA/Merrill)... Downgrades: ARO -0.6% and ASNA -1.3% (downgraded to Hold from Buy at KeyBanc Capital Mkts), PETM -0.7% (downgraded to Equal Weight at Johnson Rice)... Misc: CSTR 1.4% (Hearing cautious comments at Pacific Crest related to Redbox Instant profitability in near-term), TJX 0.5% (TAG sees Q4 EPS at high end of guidance), EBAY 0.5% (removed from Best Ideas List at Wedbush)
