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Last Update: 21-Aug-12 09:54 ET
S&P Consumer Discretionary Index 0.3%, modestly underperforming the market
The consumer discretionary group is slightly underperforming the broader market in early trade. The retail group is mixed with the Retail HOLDRS Trust (RTH) -0.1% and the SPDR S&P Retail ETF (XRT) 0.4%.
Trading higher following earnings/guidance: URBN +16.9%, DSW +5.2%, TUES +3.3%, DFRG +2.3%, BKS +1.6%... Trading lower following earnings/guidance: BBY -6.2%. Other notable mentions: Leaders: DWA 3.7% (enters into new five-year distribution agreement with Twentieth Century Fox), LOW 0.5% (higher despite Barron's discussing cautious view on Lowe's), LGF 2.7% (reports that THE HUNGER GAMES sells an estimated 3.8 mln DVD and Blu-ray units in its first weekend of N Am release), REED 2.4% (will be exhibiting at the Natural Products Asia show for the first time August 23-25, in Hong Kong), AMZN 1.4% (announced an expanded licensing agreement to add popular titles from the ESPN 30 for 30 film series to Prime Instant Video)... Laggards: LNET -2.9% (launches process to explore strategic and refinancing alternatives).
Analyst related: Upgrades: NFLX 1.8% (upgraded to Average at Caris), GPS 0.3% (upgraded to Buy from Hold at Argus)... Downgrades: GRPN -3.9% (downgraded to Underweight from Equal Weight at Barclays), FOSL -1.5% (downgraded to Hold from Buy at ISI Group), BID flat (downgraded to Underperform from Perform at Williams Capital Group)... Misc: GNC 0.4% (initiated with an Overweight at Barclays), LMCA 0.3% (downgraded to Equal Weight from Overweight at Evercore).
Trading higher following earnings/guidance: URBN +16.9%, DSW +5.2%, TUES +3.3%, DFRG +2.3%, BKS +1.6%... Trading lower following earnings/guidance: BBY -6.2%. Other notable mentions: Leaders: DWA 3.7% (enters into new five-year distribution agreement with Twentieth Century Fox), LOW 0.5% (higher despite Barron's discussing cautious view on Lowe's), LGF 2.7% (reports that THE HUNGER GAMES sells an estimated 3.8 mln DVD and Blu-ray units in its first weekend of N Am release), REED 2.4% (will be exhibiting at the Natural Products Asia show for the first time August 23-25, in Hong Kong), AMZN 1.4% (announced an expanded licensing agreement to add popular titles from the ESPN 30 for 30 film series to Prime Instant Video)... Laggards: LNET -2.9% (launches process to explore strategic and refinancing alternatives).
Analyst related: Upgrades: NFLX 1.8% (upgraded to Average at Caris), GPS 0.3% (upgraded to Buy from Hold at Argus)... Downgrades: GRPN -3.9% (downgraded to Underweight from Equal Weight at Barclays), FOSL -1.5% (downgraded to Hold from Buy at ISI Group), BID flat (downgraded to Underperform from Perform at Williams Capital Group)... Misc: GNC 0.4% (initiated with an Overweight at Barclays), LMCA 0.3% (downgraded to Equal Weight from Overweight at Evercore).
