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Last Update: 11-Dec-12 09:54 ET
S&P Consumer Discretionary Index 0.4% with the broader market
The consumer discretionary group is in-line with 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) 0.9%. Trading higher following earnings/guidance: URBN +5.4%, HI +0.5%, TEA +0.1%
Other notable mentions: P flat (confirms launches in Australia and New Zealand), DLTR flat (Lone Pine Capital discloses 5.2% stake in 13G filing), MCD flat (Barron's profiles positive view following strong November comps), JCP 5% (WSJ discusses turnaround strategy and investor questions), TRIP halted (LINTA has purchased a total of ~4.8 mln shares of TRIP from Barry Diller and The Diller-von Furstenberg Family Foundation at a price of $62.50 per share; Liberty now controls a majority voting stake in TRIP)... Leaders: TXRH 0.7% (announces special cash dividend of $0.10 per share), LTD 0.9% (announces $3 per share special dividend), GRPN 1.5% (Bloomberg discusses that GRPN's slowing growth will make it difficult for anyone to purchase the company)... Laggards: HTZ -3.2% (announces sale of 50,000,000 shares of common stock by selling stockholders).
Analyst related: Upgrades: MNST 3.3% (upgraded to Buy at Stifel Nicolaus)... Misc: KORS 2.7% (resumed coverage with Conviction Buy at Goldman), TUMI 4.9% (added to Conviction Buy list at Goldman), DCIN 0% (initiated with a Neutral at B. Riley), LULU 0.3% (initiated with a Underperform at Credit Agricole), DECK -1.1% (Uggs mentioned cautiously at Goldman; Janus Capital Management discloses 10.3% stake in 13G filing), HLF 0.8% (reiterated as Top Pick at Sun Trust Rbsn Humphrey), EDU flat (resumed with a Neutral at Goldman)
Other notable mentions: P flat (confirms launches in Australia and New Zealand), DLTR flat (Lone Pine Capital discloses 5.2% stake in 13G filing), MCD flat (Barron's profiles positive view following strong November comps), JCP 5% (WSJ discusses turnaround strategy and investor questions), TRIP halted (LINTA has purchased a total of ~4.8 mln shares of TRIP from Barry Diller and The Diller-von Furstenberg Family Foundation at a price of $62.50 per share; Liberty now controls a majority voting stake in TRIP)... Leaders: TXRH 0.7% (announces special cash dividend of $0.10 per share), LTD 0.9% (announces $3 per share special dividend), GRPN 1.5% (Bloomberg discusses that GRPN's slowing growth will make it difficult for anyone to purchase the company)... Laggards: HTZ -3.2% (announces sale of 50,000,000 shares of common stock by selling stockholders).
Analyst related: Upgrades: MNST 3.3% (upgraded to Buy at Stifel Nicolaus)... Misc: KORS 2.7% (resumed coverage with Conviction Buy at Goldman), TUMI 4.9% (added to Conviction Buy list at Goldman), DCIN 0% (initiated with a Neutral at B. Riley), LULU 0.3% (initiated with a Underperform at Credit Agricole), DECK -1.1% (Uggs mentioned cautiously at Goldman; Janus Capital Management discloses 10.3% stake in 13G filing), HLF 0.8% (reiterated as Top Pick at Sun Trust Rbsn Humphrey), EDU flat (resumed with a Neutral at Goldman)
