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) 0.1%. Trading higher following earnings/guidance: SONC +3%... Trading lower following earnings/guidance: APOL -16%, STLY -7.6%, SWK -4.7%, DEO -0.6%... Near unchanged mark following earnings/guidance: MEG Other notable mentions: TIF 0.7% (announces shift in responsibilities for two EVPs; Beth Canavan and Frederic Cumenal), MAT 0.8% (Barron's discusses cautious view on Mattel), HWD 9.5% (seeing continued strength), TIF 0.7% (Tiffany & Co announces shift in responsibilities for two EVPs; Beth Canavan and Frederic Cumenal), DF 8.6% (Dean Foods announces preliminary Q3 results for WhiteWave-Alpro segment; Sept Q rev +13% to $598 mln; operating income +22% at $64 mln)
Analyst related: Downgrades: MDC 1.9% and RYL 2.3% (downgraded to Market Perform from Outperform at Raymond James), TOL 2.8% (downgraded to Outperform from Strong Buy at Raymond James), PAG -1.9% (downgraded to Neutral at boutique firm), WTSLA -0.7% (downgraded to Neutral at B. Riley)... Misc: P 0.6% (Hearing named a Top Pick at Suntrust), DECK 2.2% (Hearing positive mention at OTR Global Research), AXL 0.9% (initiated with a Neutral at Lazard), SHW 1% ( initiated with a Equal-Weight at Morgan Stanley), PCLN 0.9% (tgt to $806 from $727 at Credit Suisse)
