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) -0.3%.
Trading higher following earnings/guidance: UNFI +3.2%, GIII +1%... Trading lower following earnings/guidance/SSS: DG -2.3%, WAG -0.9%. Other notable mentions: AMZN flat(Amazon Publishing acquires Avalon Books), NFLX flat (Netflix plans to start content delivery network, according to reports), TAST -12.2% (weakness attributed to pricing of block trade)... Leaders: CSTR 0.7% (FDO putting Redbox Kiosks into its Nationwide locations), Laggards: SBUX -2.8% (announces agreement to acquire La Boulange Bakery), DLX -0.6% (has acquired OrangeSoda for $27.7 mln in cash; to be slightly dilutive to EPS for the remainder of 2012), WYNN -0.4% (has said thats its latest resort in the former Portuguese enclave may cost as much as $4 bln, according to reports).
Analyst related: Upgrades: MJN 0.3% (upgraded to Buy from Neutral at Miller Tabak)... Misc: MTN 1.3% (initiated with a Buy at KeyBanc Capital Mkts), IRG flat (initiated with a Outperform at Robert W. Baird, initiated with Buy at Lazard, initiated with an Outperform at Credit Suisse), SIX 2% (says SIX is a top pick for this turbulent market), DRI -0.9% (Hearing cautious mention at Cleveland Research),






