EmailThe consumer discretionary group is slightly outperforming the broader market in early trade. The retail group is mixed with the Retail HOLDRS Trust (RTH) 0.1% and the SPDR S&P Retail ETF (XRT) flat. A few casino/gaming names are seeing modest strength following July Las Vegas Strip/Nevada gaming data. Some names trading higher include: MGM +1.5%, BYD +1.5%, ISLE +1.4%, PENN +0.8%, WYNN 1% (following Barron's report suggesting potential special dividend), WYNN +0.4%. Other notable mentions: AMZN flat (Amazon.com will allow its Kindle users pay to opt out of ads, according to reports), DTG flat (Hertz Global Holdings commenced a cash tender offer to purchase all outstanding shares of common stock of DTG for $87.50/share ), LINTA flat (sets terms of rights offering), GCI flat (Gannett & InnerWorkings enter into five-year print management agreement), MSO flat (Martha Stewart Living Omnimedia continues to expand its content business with new video partnerships)... Leaders: VRA 1.5% (SAC Capital Advisors discloses 5.8% stake in 13G filing out Friday after the close), GRPN 0.7% ( appoints Brian Stevens as Chief Accounting Officer), NXST 1.9% (Nexstar entered into long-term agreements through December 2018 with the CBS Television Network ), WTW 1.6% (positive mention in Barron's), HD 0.5% (positive mention in Barron's)... Laggards: P -2.5% (Pandora Announces August 2012 Audience Metrics), EBAY -0.6% (PayPal exec said the unit is undergoing major changes, according All Things Digital report out over the weekend).
Analyst related: Upgrades: KFT 1.6% (upgraded to Outperform from Sector Perform at RBC Capital), AEO 0.1% (upgraded to Buy from Neutral at Sterne Agee)... : PII 2.9% (Hearing positive mention at Citigroup), LULU flat (tgt raised to $88 from $80 at UBS, tgt also raised to $90 from $83 at RBC Capital Markets ), ANGI 0.2% (adding to Select List - Stifel Nicolaus).
