EmailThe consumer discretionary group is slightly underperforming the broader market in early trade. The retail group is also in the red with the Retail HOLDRS Trust (RTH) -0.1% and the SPDR S&P Retail ETF (XRT) -0.3%. Trading higher following earnings/guidance: CBK +21.3%, ULTA +6.7%, HBI +2.6%... Trading lower following earnings/guidance: ZUMZ -9.5%, YUM -9.2%, PSUN -4.2%, UNFI -1.3% Other notable mentions: BBY flat (Best Buy's Schulze may miss deadline for bid, according to reports)... Leaders: FIZZ 1.5% ( to distribute $2.55 per share to shareholders), HLF 1.9% (Herbalife COO discloses buying 45,516 shares at $43.73 to $44.40 on 11/29, worth ~$2.0 mln), DF 0.7% (Saputo & Michael Foods are trying to purchase DF's Morningstar dairy division for between $1.0-1.5 bln, according to reports ), CSTR 0.4% (Coinstar's Redbox will introduce instant video streaming in December, according to reports ), WFM 1% (Whole Foods announces special cash dividend of $2.00 per share), SVU 6.3% (Supervalu confirms that review of strategic alternatives is proceeding) Laggards: NFLX -2.5% (Slim's America Movil (AMX) will introduce a Mexico streaming service, similar to NFLX, according to reports), ZNGA -7.4% (Zynga: Amends terms with Facebook for game development ), RGC -0.3% ( completes acquisition of Great Escape Theatres and declares special cash dividend of $1.00 per share), GRPN -6.6% (CEO Mason will not be replaced in the near term according to spokesperson), KR -1.1% (won $567 mln case related to disputed deductions with IRS, according to reports )
Analyst related: Upgrades: ULTA 6.7% (upgraded to Outperform at Wells Fargo)... Downgrades: TIF -1.2% ( downgraded to Neutral at BofA/Merrill)... Misc: RDY 1.7% (initiated with a Outperform at Cowen & Co), PENN -0.8% (Hearing was removed before the open from Best Ideas List at Morgan Stanley)
