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Last Update: 01-Apr-13 10:39 ET
S&P Consumer Discretionary Index -0.15%, in-line with the overall market
The consumer discretionary group is in-line with the broader market in early trade. The retail group is in the red with the Retail HOLDRS Trust (RTH) -0.1% and the SPDR S&P Retail ETF (XRT) -0.5%.
Trading higher following earnings/guidance: CALI +10.8%, EBAY 3.6% (also upgraded to Buy from Hold at Canaccord), CALM +0.9%... Trading lower following earnings/guidance: OXF -3.3% Other notable mentions: JCP flat (renewed chatter of potential for mgmt changes making the rounds)... Leaders: AM 12.2% (American Greetings to be acquired by group including co's CEO for $18.35 per share in cash), LEA 1.3% (Lear, Marcato and Oskie announce agreement; co commits to accelerate existing $1 bln share repurchase program and announces new $750 mln share repurchase authorization, bringing total share repurchase authorization to $2.25 bln), Laggards: P -2.4% (Apple iRadio talks are have made big progress; Apple pushing hard for summer launch, according to Verge report), IPG -0.7% (increases its share repurchase program by $200 million ) Analyst related: Upgrades: TAP 4% (upgraded to Buy from Neutral at Goldman), NWSA 0.3% (upgraded to Outperform from Neutral at Credit Suisse)... Downgrades: CCE -1.1% (downgraded to Neutral from Buy at Goldman)... Misc: GMCR 3.5% (Hearing tgt to $70 from $55 at Keybanc following channel checks ), LNKD 0.1% (tgt to $215 from $175 at Jefferies)
Trading higher following earnings/guidance: CALI +10.8%, EBAY 3.6% (also upgraded to Buy from Hold at Canaccord), CALM +0.9%... Trading lower following earnings/guidance: OXF -3.3% Other notable mentions: JCP flat (renewed chatter of potential for mgmt changes making the rounds)... Leaders: AM 12.2% (American Greetings to be acquired by group including co's CEO for $18.35 per share in cash), LEA 1.3% (Lear, Marcato and Oskie announce agreement; co commits to accelerate existing $1 bln share repurchase program and announces new $750 mln share repurchase authorization, bringing total share repurchase authorization to $2.25 bln), Laggards: P -2.4% (Apple iRadio talks are have made big progress; Apple pushing hard for summer launch, according to Verge report), IPG -0.7% (increases its share repurchase program by $200 million ) Analyst related: Upgrades: TAP 4% (upgraded to Buy from Neutral at Goldman), NWSA 0.3% (upgraded to Outperform from Neutral at Credit Suisse)... Downgrades: CCE -1.1% (downgraded to Neutral from Buy at Goldman)... Misc: GMCR 3.5% (Hearing tgt to $70 from $55 at Keybanc following channel checks ), LNKD 0.1% (tgt to $215 from $175 at Jefferies)
