The consumer discretionary group is slightly underperforming the broader market in early trade. The retail group is also in the red with the Retail HOLDRS Trust (RTH) -0.4% and the SPDR S&P Retail ETF (XRT) -0.2%.
Trading higher following earnings/guidance: DLIA +9.9%... Trading lower following earnings/guidance: COCO -11.4%, LOW -4.1%. Other notable mentions: GM -0.1% (General Motors planning ~250K SUV recall for potential fire hazard, according to reports)... Laggards: BBY -7.8% (Best Buy confirmed that its Board of Directors has appointed Hubert Joly as the company's President and CEO), GPS -0.9% (Barron's details cautious view on Gap, upgraded to Hold from Sell at ISI Group), PCLN -1% (announces the Netherlands modified its corporate income tax law; a Eurostudy shows that estimates may have understated its share of room nights booked in the 27 EU countries in 2011).
Analyst related: Upgrades: ROST 1.1% (upgraded to Buy from Neutral at BofA/Merrill), FB -0.4% (upgraded to Buy from Hold at Capstone)... Downgrades: BEBE -11.3% (downgraded to Neutral from Buy at Janney Capital), HIBB -3.4% (downgraded to Mkt Perform from Outperform at Raymond James).






