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Last Update: 07-May-13 10:22 ET
S&P Consumer Discretionary Index +0.33%, in-line with the broader market
The consumer discretionary group is in-line with the broader market in early trade. The retail group is mixed with the Retail HOLDRS Trust (RTH) -0.2% and the SPDR S&P Retail ETF (XRT) 0.2%.
Trading higher following earnings/guidance: MELI +14.5%, FOSL +8.4%, IILG +4.4%, DTV +4.1%, CNK +1.8%, KIRK +0.5%, SHO +0.4%... Trading lower following earnings/guidance: RHP -3.4%, CECO -2.5%, CQB -1.1%... Near unchanged mark following earnings/guidance: INN Other notable mentions: DIS flat (Walt Disney and Electronic Arts announce multi-year Star Wars games agreement ), AMZN flat (The Senate has voted (by 69-27) to approve internet sales tax; bill may show opposition in the House, according to reports)... Leaders: IMAX 0.5% (announces Marvel's 'Iron Man 3' grossed an estimated $28.6 mln for the weekend), TRIP 0.1% (Acquires Niumba.com; financial terms not disclosed)... Laggards: P -2.4% (announces Listener hours during the month of April 2013 were 1.31 bln, an increase of 24% from 1.06 bln during the same period last year) Analyst related: Upgrades: ANF 2.6%, GPS 0.5%, URBN 1.6% (upgraded at Wells Fargo), TSN 1.5% (upgraded to Buy from Hold at Miller Tabak) ... Downgrades: ARO -1.1% (downgraded to Sell from Hold at Brean Capital), AEO -0.6%, TIF -0.9%, TJX flat, COH 0.6% (downgraded at Wells Fargo), ICON -0.7% (downgraded to Hold from Buy at Brean Capital)... Misc: JCP -1.4% (Hearing Morgan Stanley reiterating Underweight rating and $9 tgt; initiated with an Underperform at Wells Fargo, Bill Ackman's $1.75 bln loan to JCP helped his fund turn a profit last month, according to reports), CHS 0.7%, KORS 1.6% (initiated with an Outperform at Wells Fargo), RUE -0.3%, JWN -0.1%, LULU flat, M -0.2%, KSS -2%, ANN -0.1% (initiated with a Market Perform at Wells Fargo)
Trading higher following earnings/guidance: MELI +14.5%, FOSL +8.4%, IILG +4.4%, DTV +4.1%, CNK +1.8%, KIRK +0.5%, SHO +0.4%... Trading lower following earnings/guidance: RHP -3.4%, CECO -2.5%, CQB -1.1%... Near unchanged mark following earnings/guidance: INN Other notable mentions: DIS flat (Walt Disney and Electronic Arts announce multi-year Star Wars games agreement ), AMZN flat (The Senate has voted (by 69-27) to approve internet sales tax; bill may show opposition in the House, according to reports)... Leaders: IMAX 0.5% (announces Marvel's 'Iron Man 3' grossed an estimated $28.6 mln for the weekend), TRIP 0.1% (Acquires Niumba.com; financial terms not disclosed)... Laggards: P -2.4% (announces Listener hours during the month of April 2013 were 1.31 bln, an increase of 24% from 1.06 bln during the same period last year) Analyst related: Upgrades: ANF 2.6%, GPS 0.5%, URBN 1.6% (upgraded at Wells Fargo), TSN 1.5% (upgraded to Buy from Hold at Miller Tabak) ... Downgrades: ARO -1.1% (downgraded to Sell from Hold at Brean Capital), AEO -0.6%, TIF -0.9%, TJX flat, COH 0.6% (downgraded at Wells Fargo), ICON -0.7% (downgraded to Hold from Buy at Brean Capital)... Misc: JCP -1.4% (Hearing Morgan Stanley reiterating Underweight rating and $9 tgt; initiated with an Underperform at Wells Fargo, Bill Ackman's $1.75 bln loan to JCP helped his fund turn a profit last month, according to reports), CHS 0.7%, KORS 1.6% (initiated with an Outperform at Wells Fargo), RUE -0.3%, JWN -0.1%, LULU flat, M -0.2%, KSS -2%, ANN -0.1% (initiated with a Market Perform at Wells Fargo)
