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Last Update: 24-Apr-13 10:00 ET
S&P Consumer Discretionary Index 0.34%, outperforming the broader market
The consumer discretionary group is slightly outperforming the broader market in early trade. The retail group is also in the green with the Retail HOLDRS Trust (RTH) 0.4% and the SPDR S&P Retail ETF (XRT) 0.3%. Select education names are under pressure in early trade following DV (-19%) earnings (EDU +3.8% on earnings and ESI +1.8% following upgrade). A few names trading lower include: DV -19%, CECO -4.1%, EDMC -2.6%, STRA -1.4%, BPI -1.2%, APOL -1.3%, CPLA -0.9%, LINC -0.5%, APEI -0.4%, LOPE -0.3% Trading higher following earnings/guidance: PEUGY +11.5%, YUM +6%, NTDOY +3.7%, DPS +2.4%, HBI +2.1%, JNY +1.3%, EDU +1.2%, PLCE +0.6%... Trading lower following earnings/guidance: MEG -8.9%, WHR -5.4%, WYN -4.2%, SVU -1.8%, ACC -0.4%.
Near unchanged mark following earnings/guidance: ALV Other notable mentions: JCP flat (J. C. Penney may burn through $1 bln in cash in Q1, according to reports)... Leaders: DNKN 0.4% (Dunkin Brands' Baskin-Robbins Signs Master Licensing Agreement To Develop In The Philippines)... Laggards: CQB -4% (names Rick Freier Chief Financial Officer ), PENN -1.4% (disclosed that the Iowa Racing and Gaming Commission awarded a new gaming license for development of an additional casino in Sioux City, Iowa to another applicant) Analyst related: Upgrades: EBAY 0.9% (upgraded to Outperform from Market Perform at Wells Fargo), ESI 0.4% (upgraded to Hold from Sell at Deutsche Bank), RRGB 2.4% (upgraded to Buy from Hold at KeyBanc ), COH 1.1% (upgraded to Buy from Outperform at Credit Agricole, Hearing reiterated as Sell at Goldman; says sequential improvement does not signal stabilization)... Downgrades: DV -19.8% (downgraded to Hold from Buy at Deutsche Bank)... Misc: CONN 2.2% (initiated with an Outperform at Oppenheimer), GNC 1% (initiated with an Outperform at Baird), ARO 2% (initiated with a Positive at Susquehanna)
Near unchanged mark following earnings/guidance: ALV Other notable mentions: JCP flat (J. C. Penney may burn through $1 bln in cash in Q1, according to reports)... Leaders: DNKN 0.4% (Dunkin Brands' Baskin-Robbins Signs Master Licensing Agreement To Develop In The Philippines)... Laggards: CQB -4% (names Rick Freier Chief Financial Officer ), PENN -1.4% (disclosed that the Iowa Racing and Gaming Commission awarded a new gaming license for development of an additional casino in Sioux City, Iowa to another applicant) Analyst related: Upgrades: EBAY 0.9% (upgraded to Outperform from Market Perform at Wells Fargo), ESI 0.4% (upgraded to Hold from Sell at Deutsche Bank), RRGB 2.4% (upgraded to Buy from Hold at KeyBanc ), COH 1.1% (upgraded to Buy from Outperform at Credit Agricole, Hearing reiterated as Sell at Goldman; says sequential improvement does not signal stabilization)... Downgrades: DV -19.8% (downgraded to Hold from Buy at Deutsche Bank)... Misc: CONN 2.2% (initiated with an Outperform at Oppenheimer), GNC 1% (initiated with an Outperform at Baird), ARO 2% (initiated with a Positive at Susquehanna)
