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Last Update: 08-Jan-13 09:50 ET
S&P Consumer Discretionary Index -0.3%, modestly underperforming with the broader market
The consumer discretionary group is slightly lower than 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) flat. Trading higher following earnings/guidance: SIG +8.1%, TUES +3.9%, DEST +0.7%... Trading lower following earnings/guidance: GME -7%, YUM -4.4%, SHLD -1.9% Other notable mentions: ASNA flat (announces new Chief Financial Officer),Leaders: WTSLA 3.7% (names John D. Goodman as Chief Executive Officer), WYNN 0.3% (will form a new unit so it can develop hotels outside of Las Vegas, according to reports)... Laggards: DLIA -6.8% (announces mutual agreement not to renew Chief Executive Officer's Employment Agreement; Delia*s provides update on November/December performance), INN -3.2% (launches public offering of 13 mln shares of common stock), WWW -0.4% (announces organizational changes; will migrate from four to three brand Operating Groups) Analyst related: Upgrades: AN 0.9% (Hearing Davenport upgrading AN to Buy), PH 0.4% ( upgraded to Overweight at JP Morgan).. Downgrades: BPI -5% (downgraded to Equal-Weight from Overweight at Barclays), ESI -2.9% (downgraded to Underweight from Equal Weight at Barclays), AZO -1.9% ( upgraded to Overweight at JP Morgan), PNK -1.4% (downgraded to Underperform at Credit Suisse)... Misc: ABV 0.4% (initiated with Neutral at ISI Group), SBMRY -0.1% (initiated with Strong Buy at ISI Group), BUD -1.2% (initiated with Buy at ISI Group), STZ -2.1% (initiated with Buy at ISI Group), AEO 2% ( Hearing ITG Research out positive on AEO)
