EmailThe 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) -0.4% and the SPDR S&P Retail ETF (XRT) -0.6%. Trading higher following earnings/guidance: BYI +6.5%, JCP +5.2%, HMIN +4.7%, INN +3.9%, HAR +0.8%... Trading lower following earnings/guidance: DV -3.8%, BREW -3.7%, SVN -0.4%, POST -0.6%... Near unchanged mark following earnings/guidance: LGF. Other notable mentions: Leaders: FB 2.5% (NFLX CEO, also a Director at FB, disclosed buying $1 mln in FB stock), SBUX 0.4% (Chile has fined SBUX and Wal-Mart (WMT) over labor practices, according to reports)... Laggards: LEN -1.3% (sells an additional $50 mln of 4.75% senior notes due 2017 ), SPB -0.6% (announces voluntary $50 mln prepayment on term loan ), RL 0.7% (announces new $500 million stock repurchase authorization), DNKN -0.4% ( files for common stock shelf offering by selling stockholders), GNC -0.9% (filed for an offering of class A common stock by selling stockholders for an undisclosed amount ), NKE -0.4% (Private Equity firms may be interested in NKE's Cole Haan unit, according to reports ), EAT -1.1% (Barron's discusses cautious view on Brinker).
Analyst related: Downgrades: BIG -5.2% (downgraded to Underweight from Neutral at JP Morgan), AAP -0.2% (downgraded to Neutral from Outperform at Credit Suisse), RL 0.7% (downgraded to Hold at Argus), PPC -4.2% (downgraded to In-Line from Outperform at Imperial )... Misc: ARO 0.5% (initiated with a Neutral at Lazard Capital), LULU 2.5% (early strength attributed to positive mention at Credit Suisse).
