The consumer discretionary group is slightly outperforming the broader market in early trade. The retail group is also in the green with the Retail HOLDRS Trust (RTH) 0.6% and the SPDR S&P Retail ETF (XRT) 0.4%. Trading higher following earnings/guidance: CONN +6.9%, AN +1.4%, SONC +0.6%... Near unchanged mark following earnings/guidance: CHRS, Other notable mentions: JNY flat ( to acquire Brian Atwood Designs), NKE flat (has hired Goldman Sachs to conduct sale of NKE's Cole Haan and Umbro brands, according to reports out Friday ), Leaders: DECK 1.8% (Barron's discusses positive view on Deckers Outdoor's), NILE 6.2% (Barron's reviews positive view on Blue Nile), FLWS 0.7% (announces equity investment in Flores Online, Brazilian floral and gift retailer), ORLY 1.2% (announces additional $500 mln share repurchase authorization), WAG 1.1% (provides statement on Express Scripts (ESRX) dispute; parties agree to dismiss claims), Laggards: EGT -7% (announces 1-for-4 reverse stock split).
Analyst related: Downgrades: KAR 0.8% (downgraded to Underweight from Equal Weight at Barclays), CAKE -2.5% (downgraded to Market Perform from Outperform at William Blair), YUM -1.3% (downgraded to Market Perform from Outperform at Raymond James)... Misc: M flat (removed from Top Picks Live List at Citigroup), MNST 0.9% (Hearing ests raised and target increased to $82 at Goldman), FB -0.4% (initiated with an Underperform at Bernstein), AMZN 0.9% (removed from Conviction Buy List at Evercore).






