EmailStory Stocks®
Archive
Last Update: 25-Mar-13 09:46 ET
S&P Consumer Discretionary Index 0.44%, in-line 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) 0.3%.
A few education names are seeing early strength following APOL (+12%) results. Some names trading higher include: BPI +3.5%, ESI +2.2%, STRA +2.1%, COCO +1.9%, CECO +1.8%, APEI +1.7%, DV +1.7%, LOPE +1.4%, WPO +1.3%, CPLA +1.1%, EDU +0.8%, LINC +0.7%
Other notable mentions: BBY flat (announced today that Mr. Schulze is returning to the company as its Chairman Emeritus), ASCA flat (announces increase of consent fee, extension of expiration time and other amendments to consent solicitation relating to 7.50% senior notes due 2021)... Leaders: MHP 2.3% (will resume its share repurchase program with a $500 mln accelerated share repurchase transaction ), NWSA 0.4% (News Corp bid for LA Times awaits FCC changes, according to reports), SFD 3.2% (has hired Goldman Sachs to consider options as key shareholder wants breakup, according to reports)
Analyst related: Upgrades: DRI 1% (upgraded to Overweight from Equal Weight at boutique firm)... Downgrades: FINL -3.5% (downgraded to Underperform from Neutral at Sterne Agee), JCP -1.7% (downgraded to Underperform from Market Perform at BMO Capital), WFM -1% (downgraded to Neutral from Overweight at Piper Jaffray), IGT -0.7% (downgraded to Neutral from Outperform at Macquarie... Misc: LEA 0% (removed from Conviction Buy List at Goldman), URBN flat (Janney is a buyer on recent weakness; Q1 comp update is next Monday afternoon), BBY -0.3% ( Hearing estimates and price target raised at Barclays), SFLY 2.7% (initiated with a Buy at Needham), DECK 0.6% (target raised to $60 at Janney)
A few education names are seeing early strength following APOL (+12%) results. Some names trading higher include: BPI +3.5%, ESI +2.2%, STRA +2.1%, COCO +1.9%, CECO +1.8%, APEI +1.7%, DV +1.7%, LOPE +1.4%, WPO +1.3%, CPLA +1.1%, EDU +0.8%, LINC +0.7%
Other notable mentions: BBY flat (announced today that Mr. Schulze is returning to the company as its Chairman Emeritus), ASCA flat (announces increase of consent fee, extension of expiration time and other amendments to consent solicitation relating to 7.50% senior notes due 2021)... Leaders: MHP 2.3% (will resume its share repurchase program with a $500 mln accelerated share repurchase transaction ), NWSA 0.4% (News Corp bid for LA Times awaits FCC changes, according to reports), SFD 3.2% (has hired Goldman Sachs to consider options as key shareholder wants breakup, according to reports)
Analyst related: Upgrades: DRI 1% (upgraded to Overweight from Equal Weight at boutique firm)... Downgrades: FINL -3.5% (downgraded to Underperform from Neutral at Sterne Agee), JCP -1.7% (downgraded to Underperform from Market Perform at BMO Capital), WFM -1% (downgraded to Neutral from Overweight at Piper Jaffray), IGT -0.7% (downgraded to Neutral from Outperform at Macquarie... Misc: LEA 0% (removed from Conviction Buy List at Goldman), URBN flat (Janney is a buyer on recent weakness; Q1 comp update is next Monday afternoon), BBY -0.3% ( Hearing estimates and price target raised at Barclays), SFLY 2.7% (initiated with a Buy at Needham), DECK 0.6% (target raised to $60 at Janney)
