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Last Update: 22-Apr-13 10:15 ET
S&P Consumer Discretionary Index -0.33%, underperforming the broader market
The consumer discretionary group is underperforming the broader market in early trade. The retail group is also in the red with the Retail HOLDRS Trust (RTH) -0.5% and the SPDR S&P Retail ETF (XRT) -0.5%.
Trading higher following earnings/guidance: SIX +4.9%, HAS +3.3%, NCMI +3.4%, IPAR +3%... Near unchanged mark following earnings/guidance: CCSC Other notable mentions: TWC 0.4%and CBS 0.8% (Bloomberg discusses that TWC and CBS (CBS) may be merger candidates, according to reports)... Laggards: NWSA -0.5% (News Corp and plaintiff stockholders reach agreement to settle Delaware litigation ), EBAY -1.5% (eBay is pushing its users to lobby against sales tax legislation, according to reports) Analyst related: Upgrades: SKX 3.2% (upgraded to Buy from Hold at BB&T), VFC 1.8% ( upgraded to Outperform from Neutral at Wedbush), NFLX 5.2% (upgraded to Neutral at B. Riley & Co), JCP 1.3% (upgraded to Buy from Neutral at Gilford Securities; J. C. Penney's Ex-CEO Ron Johnson left the construction department in disarray, according to reports), MDC 1.5% (upgraded to Neutral from Underperform at Credit Suisse).. Downgrades: KMB -1.1% ( downgraded to Neutral from Buy at BofA/Merrill), PENN -0.7% (downgraded to Equal-Weight from Overweight at Morgan Stanley), MCD -1.5% (downgraded to Outperform from Buy at Credit Agricole), CCL -0.3% (downgraded to Neutral from Buy at Nomura), UA -1.7% (downgraded to Neutral from Buy at Buckingham Research )... Misc: ALV -0.5% (initiated with an Equal Weight at Barclays), MCD -1.5% ( target raised to $107 at RBC Capital Mkts; first quarter should mark low point for 2013)
Trading higher following earnings/guidance: SIX +4.9%, HAS +3.3%, NCMI +3.4%, IPAR +3%... Near unchanged mark following earnings/guidance: CCSC Other notable mentions: TWC 0.4%and CBS 0.8% (Bloomberg discusses that TWC and CBS (CBS) may be merger candidates, according to reports)... Laggards: NWSA -0.5% (News Corp and plaintiff stockholders reach agreement to settle Delaware litigation ), EBAY -1.5% (eBay is pushing its users to lobby against sales tax legislation, according to reports) Analyst related: Upgrades: SKX 3.2% (upgraded to Buy from Hold at BB&T), VFC 1.8% ( upgraded to Outperform from Neutral at Wedbush), NFLX 5.2% (upgraded to Neutral at B. Riley & Co), JCP 1.3% (upgraded to Buy from Neutral at Gilford Securities; J. C. Penney's Ex-CEO Ron Johnson left the construction department in disarray, according to reports), MDC 1.5% (upgraded to Neutral from Underperform at Credit Suisse).. Downgrades: KMB -1.1% ( downgraded to Neutral from Buy at BofA/Merrill), PENN -0.7% (downgraded to Equal-Weight from Overweight at Morgan Stanley), MCD -1.5% (downgraded to Outperform from Buy at Credit Agricole), CCL -0.3% (downgraded to Neutral from Buy at Nomura), UA -1.7% (downgraded to Neutral from Buy at Buckingham Research )... Misc: ALV -0.5% (initiated with an Equal Weight at Barclays), MCD -1.5% ( target raised to $107 at RBC Capital Mkts; first quarter should mark low point for 2013)
