EmailThe consumer discretionary group is in-line with the broader market in early trade. The retail group is mixed with the Retail HOLDRS Trust (RTH) flat and the SPDR S&P Retail ETF (XRT) -0.2%.
Trading higher following earnings/guidance: PNK +10.6%, TPX +9.7%, PNRA +8.4%, BBSI +7.9%, DDAIF +5.2%, WYN +4.2%, FCH +2.1%, BNNY +1.9%, PEP +0.8%, ... Trading lower following earnings/guidance: RSH -26.6%, NFLX -21.6%, TRIP -17.1%, RCKY -10.6%, BWLD -9%, KOF -5.5%... Near unchanged mark following earnings/guidance: ACC, F. Other notable mentions: Leaders: ZLC 20.7% (announces 'significant' improvements to capital structure; expected annual savings of $17 mln), AM 1.9% (announces authorization for $75 Million share repurchase program), DNKN 0.6% (announces expansion plans across Latin America; new agreements call for more than 125 new restaurants to be developed over the next ten years), IILG 0.6% (announces notice of full redemption of 9.5% Senior Notes due 2016), Laggards: OEH -3.9% (following story that David and Simon Reuben were approached by investors interested in acquiring their ~6% stake). Analyst related: Upgrades: SHO 1.1% (upgraded to Outperform from Neutral at Robert W. Baird), GPI 0.9% (upgraded to Buy from Neutral at Goldman), DOLE 6% (upgraded to Buy from Underperform at BofA/Merrill), CMG 1.4% (upgraded to Buy from Neutral at Miller Tabak), JJSF 4.8% (upgraded to Buy from Neutral at Janney), WHR 2.6% (Whirlpool upgraded to Outperform from Market Perform at Raymond James)... Downgrades: DECK -0.9% (downgraded to Neutral from Buy at Lazard Capital ), BKE -0.7% (The Buckle downgraded to Underweight from Hold at KeyBanc), RCI 0.6% (downgraded before the open to Hold from Buy at TD Securities)... Misc: CAG 0.8% (initiated with a Buy at KeyBanc ), RAH 0.5% (initiated with a Hold at KeyBanc), DPZ 1.7% (added to Conviction Buy list at Goldman), DG -3.4% (Hearing cautious comments at Cleveland Research).
