The consumer discretionary group is slightly outperforming the broader market in early trade. The retail group is mixed with the Retail HOLDRS Trust (RTH) 0.4% and the SPDR S&P Retail ETF (XRT) -0.8%. Trading higher following earnings/guidance: TUES +3%, ISLE +1.8%... Trading lower following earnings/guidance: MW -16.3%, LULU -9.5%, PSMT -2.5%, RAD -1.6%, BNNY -0.7%..
Near unchanged mark following earnings/guidance: SJM, PBY. Other notable mentions: TSN flat(announces pricing of $1 bln senior notes offering at 4.5%)... Leaders: ACCO 1.5% (announces relocation of operations and closure of East Texas, PA facility), BYI 1.6% (receives first recommendation for online gaming license in the United States by Nevada gaming control board), Laggards: BBY -7.7% (Best Buy Chairman and Founder Richard Schulze resigns from Board to explore options for 20.1% ownership stake), LGF -1.3% (Lionsgate and its Grindstone Entertainment Group and Emmett/Furla Films have renewed their slate deal for another 10 films and expanded their overall relationship).
Analyst related: Upgrades: PHM 3.1% (upgraded to Outperform from Mkt Perform at FBR Capital), SONC 3.5% (upgraded to Buy at BofA/Merrill), LAMR 2.4% (upgraded to Buy at Caris), BURBY 6.7% (Burberry upgraded to Outperform from Neutral at Credit Suisse)... Misc: AMZN 1.1% (Hearing positive mention at OTR Global).






