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) -0.6% and the SPDR S&P Retail ETF (XRT) -0.4%. Trading higher following earnings/guidance: POST +1.4%, HAS +0.2% Other notable mentions: LVMUY (LVMH to sell fashion brands for EUR 600 mln, according to reports), NWSA flat (News Corp is not in merger discussions with Chicago Tribune & LA Times, according to reports)... Leaders: OEH 0.5% (Guardian blog discussing potential for counterbids for OEH making the rounds), OPEN 5.1% (Yahoo may be interested in purchasing OpenTable or Millennial Media, according to reports)... Laggards: BNNY -3.5% (Barron's discusses cautious view on Annie's), AMZN -1.6% (considering bid for fashion retailer Asos, according to reports), MSN -17.8% (discloses Wal-Mart will discontinue purchasing two microwave oven products).
Analyst related: Upgrades: CKEC 1.7% (upgraded to Above Average at Caris & Company)... Misc: IMAX -0.3% (initiated with a Buy at Hudson Square Research), KORS -1.3% (Hearing positive mention at OTR Global Research)






