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Last Update: 12-Mar-13 09:56 ET
S&P Consumer Discretionary Index -0.15%, in-line with the broader market
The consumer discretionary group is in-line with the broader market in early trade. The retail group is flat with the Retail HOLDRS Trust (RTH) and the SPDR S&P Retail ETF (XRT) near the unchanged mark.
Trading higher following earnings/guidance: BONT +7.1%, YUM +3.6%, COST +1.6%, SSI +0.2%... Trading lower following earnings/guidance: DMND -6.9%, HMIN -6.1%, CACH -4.2%, CASY -3%, BPI -1.5%, URBN -1.4%, STEI -0.5%... Near unchanged mark following earnings/guidance: STEI, HTZ Other notable mentions: MSG flat and LYV -1.8% (Madison Square Garden sells interest in Live Nation Entertainment for proceeds of ~ $44 mln), VRA flat (appoints Bonita Inza to new position of EVP, Sales & Marketing - Chief Experience Officer), HLF flat (has ended its relationship with a certain group of online recruiters, according to reports), Leaders: MTN 0.9% (Michael Barkin appointed Executive Vice President and Chief Financial Officer)... Laggards: EBAY -1.5% (ChannelAdvisor reported February Same Store Sales (SSS) for eBay, Amazon (AMZN), Search and CSE), LNKD -0.6% (LinkedIn to buy Pulse newsreader for more than $50 mln) Analyst related: Upgrades: WFM flat (upgraded to Buy from Hold at Edward Jones)... Downgrades: PSO -0.6% (downgraded to Hold from Accumulate at boutique firm Charles Stanley)... Misc: DKS 4% (added to Conviction Buy List; upgraded from Buy at Goldman), BBY 0.9% (resumed with a Buy at Goldman), NKE -1.1% (early weakness attributed to OTR Global Research comments), BURBY -0.5% (initiated with a Hold at Societe Generale), FNP 0.1% (initiated with a Buy at Brean Capital ), P -0.3% (initiated with a Outperform at Pacific Crest), PNK 0.2% (initiated with a Buy at Craig Hallum)
Trading higher following earnings/guidance: BONT +7.1%, YUM +3.6%, COST +1.6%, SSI +0.2%... Trading lower following earnings/guidance: DMND -6.9%, HMIN -6.1%, CACH -4.2%, CASY -3%, BPI -1.5%, URBN -1.4%, STEI -0.5%... Near unchanged mark following earnings/guidance: STEI, HTZ Other notable mentions: MSG flat and LYV -1.8% (Madison Square Garden sells interest in Live Nation Entertainment for proceeds of ~ $44 mln), VRA flat (appoints Bonita Inza to new position of EVP, Sales & Marketing - Chief Experience Officer), HLF flat (has ended its relationship with a certain group of online recruiters, according to reports), Leaders: MTN 0.9% (Michael Barkin appointed Executive Vice President and Chief Financial Officer)... Laggards: EBAY -1.5% (ChannelAdvisor reported February Same Store Sales (SSS) for eBay, Amazon (AMZN), Search and CSE), LNKD -0.6% (LinkedIn to buy Pulse newsreader for more than $50 mln) Analyst related: Upgrades: WFM flat (upgraded to Buy from Hold at Edward Jones)... Downgrades: PSO -0.6% (downgraded to Hold from Accumulate at boutique firm Charles Stanley)... Misc: DKS 4% (added to Conviction Buy List; upgraded from Buy at Goldman), BBY 0.9% (resumed with a Buy at Goldman), NKE -1.1% (early weakness attributed to OTR Global Research comments), BURBY -0.5% (initiated with a Hold at Societe Generale), FNP 0.1% (initiated with a Buy at Brean Capital ), P -0.3% (initiated with a Outperform at Pacific Crest), PNK 0.2% (initiated with a Buy at Craig Hallum)
