EmailThe consumer discretionary group is slightly underperforming the broader market in early trade. The retail group is mixed with the Retail HOLDRS Trust (RTH) -0.3% and the SPDR S&P Retail ETF (XRT) flat.
Other notable mentions: SIRI flat (announces James E. Meyer has been appointed CEO), PH -flat (unit receives purchase order to overhaul and recertify Danfoss pumps for the power generation industry), DDS flat (settles equal employment opportunity commission issues ), ZUMZ 1.3% (discloses its Board of Directors has approved $20 mln share repurchase), HAR flat (signs agreement to acquire entertainment lighting co Martin Professional for EUR 110 mln)... Leaders: EKDKQ 3.3% (Eastman Kodak Announces Sale of Patents for ~ $525 mln), SFLY 1.2% (Shutterfly to license Kodak imaging patents), GM 8.2% (Treasury to exit GM investment in next 12-15 mos; GM to purchase 200 mln shares from Treasury at $27.50)
Analyst related: Upgrades: PNRA 1.3% (upgraded to Outperform from Neutral at Wedbush), RGC 0.7% (upgraded to Buy at B. Riley Caris), DNKN 1.8% ( upgraded to Buy from Hold at Miller Tabak)... Downgrades: BJRI -4.3% (downgraded to Neutral from Outperform at Wedbush)... Misc: JAH 1.5% (initiated with an Overweight at JPMorgan), PCAR -0.1% (initiated with a Hold at BB&T), TGT -0.9% (initiated with a Hold at Stifel Nicolaus), FRAN 1.6% (Hearing named top softline pick at Keybanc),DMND 1.2% (mentioned cautiously again at Jefferies; maintain Underperform and $11 tgt ), YELP flat (initiated with a Market Perform at Northland Securities), DWA 0.5% (Hearing estimates cut at Morgan Stanley; reits Underweigh rating)
