EmailThe consumer discretionary group is outperforming the broader market in early trade. The retail group is also in the green with the Retail HOLDRS Trust (RTH) 0.3% and the SPDR S&P Retail ETF (XRT) 0.5%. Trading higher following earnings/guidance/SSS: GMCR +25.3%, JMBA +5.8%, KSS +3.7%, RAD +3.6%, APP +3.4%, K +3.3%, RAH +2.5%, CATO +2.1%, TJX +2.1%, LTD +2%, BKE +2.2%, JWN +1.8%, GM +1.4%, ROST +1%, KSWS +0.7%, SKS +0.3%, AEO +0.3%...
Trading lower following earnings/guidance/SSS: ARO -29.3%, ANF -12.8%, WTW -12.3%, ZUMZ -6.6%, FBN -6.8%, HOTT -6%, LINC -4.5%, PH -3.5%, SAM -2.6%, ADDYY -2.4%, DTV -2.2%, CKEC -1.1%, BONT -1.2%, BEAM -0.8%, AN -0.5%... Near unchanged mark following earnings/guidance: TWC, CLX. Other notable mentions: Leaders: TM 0.4% (recalling 778K vehicles due to suspension issue, according to reports), CMCSA 0.3% (positive mention in Barron)... Laggards: KO -1% (considering a bid for the beverage unit of Singapore's Fraser and Neave, according to reports).
Analyst related: Upgrades: IRG 7.9% (upgraded to Strong Buy from Outperform at Raymond James)... Downgrades: MGM -3.1% (MGM Resorts downgraded to Neutral from Buy at BofA/Merrill ), SBUX flat(downgraded to Hold from Buy at Argus), HOG -0.6% (downgraded to Neutral from Buy at Longbow).
