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Last Update: 26-Feb-13 09:56 ET
S&P Consumer Discretionary Index +0.6%, in-line with the broader market
The consumer discretionary group is in-line with the broader market in early trade. The retail group is also in the green with the Retail HOLDRS Trust (RTH) 0.9% and the SPDR S&P Retail ETF (XRT) 0.2%. Trading higher following earnings/guidance: HD +4.9%... Trading lower following earnings/guidance: TWI -15.5%, CZR -4.2%, SHOO -4%, UNFI -3%, MELI -2.5%, RSH -1.6%, RBA -0.7%, AZO -0.2% Other notable mentions: NSRGY flat (Nestle to purchase Pamlab, a medical supply company; price not discussed, according to reports)... Leader: FRAN 1.9% (appoints Richard W. Kunes as an independent Director to its Board of Directors, effective Feb 25)... Laggards: APOL -1.5% (discloses the University of Phoenix received recommendation for Probation status from The Higher Learning Commission) Analyst related: Downgrades: MDP flat (downgraded to Neutral from Overweight at Piper Jaffray), CL flat (downgraded to Neutral from Buy at BofA/Merrill)... Misc: RL 1.4%, NKE 1% (initiated with an Outperform at Cowen), LULU 0.3% (initiated with an Outperform at Cowen, also positive MadMoney mention), APP 5.1% (initiated with a Buy at Brean), COH 0.3% (assumed with a Neutral at Cowen), COST 0.3% (initiated with a Neutral at Cowen), WMT 1.1% (initiated with a Neutral at Cowen), STRZA 0.4% (initiated with a Neutral at Macquarie)
