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Last Update: 08-May-13 09:48 ET
S&P Consumer Discretionary Index -0.44%, underperforming the broader market
The consumer discretionary group is slightly underperforming the broader market in early trade. The retail group is mixed with the Retail HOLDRS Trust (RTH) 0.2% and the SPDR S&P Retail ETF (XRT) -0.1%.
Trading higher following earnings/guidance: EA +14.1%, WFM +8.6%, LOPE +8.6%, JCP +3.6%, FRED +1%... Trading lower following earnings/guidance/SSS: WEN -4.6%, IRG -4.6%, TRIP -4%, LAMR -1.7%, DIS -0.6%, MCD -0.3%, Near unchanged mark following guidance/SSS: SMRT Other notable mentions: WMT flat(Wal-Mart CEO search to focus on Doug McMillon & Bill Simon, according to reports), P flat (Pandora Media's 40 hour mobile limit is lowering content costs, according to reports)... Leaders: REV 0.9% (Chris Mittleman of Mittleman Brothers presents long case for REV at Value Investing Congress; he cites REV's 22% of revenues from WMT and that it's relatively recession proof), OEH 7.5% (announces that Chairman J. Robert Lovejoy will retire from the Board upon the expiration of his terms at the co's Annual General Meeting on June 28, 2013; Board intends to name Mr. Hernandez Chairman), NFLX 1.1% (Netflix may face increased competition from RCI, according to Globe and Mail), BID 1.6% ( following NYC Impressionist auction) Analyst related: Upgrades: LULU 1.5% (upgraded to Buy from Neutral at Sterne Agee), LOW 0.3% (upgraded to Buy from Neutral at ISI Group ), TAST 3.3% (upgraded to Strong Buy from Outperform at Raymond James)... Downgrades: BBBY -0.8% (downgraded to Cautious from Neutral at ISI Group).. Misc: PLCE -0.8% and CRI -1% (initiated with a Neutral at Piper Jaffray), GMCR 0.3% (Hearing positive comments at Lazard ahead of earnings today after the close)
Trading higher following earnings/guidance: EA +14.1%, WFM +8.6%, LOPE +8.6%, JCP +3.6%, FRED +1%... Trading lower following earnings/guidance/SSS: WEN -4.6%, IRG -4.6%, TRIP -4%, LAMR -1.7%, DIS -0.6%, MCD -0.3%, Near unchanged mark following guidance/SSS: SMRT Other notable mentions: WMT flat(Wal-Mart CEO search to focus on Doug McMillon & Bill Simon, according to reports), P flat (Pandora Media's 40 hour mobile limit is lowering content costs, according to reports)... Leaders: REV 0.9% (Chris Mittleman of Mittleman Brothers presents long case for REV at Value Investing Congress; he cites REV's 22% of revenues from WMT and that it's relatively recession proof), OEH 7.5% (announces that Chairman J. Robert Lovejoy will retire from the Board upon the expiration of his terms at the co's Annual General Meeting on June 28, 2013; Board intends to name Mr. Hernandez Chairman), NFLX 1.1% (Netflix may face increased competition from RCI, according to Globe and Mail), BID 1.6% ( following NYC Impressionist auction) Analyst related: Upgrades: LULU 1.5% (upgraded to Buy from Neutral at Sterne Agee), LOW 0.3% (upgraded to Buy from Neutral at ISI Group ), TAST 3.3% (upgraded to Strong Buy from Outperform at Raymond James)... Downgrades: BBBY -0.8% (downgraded to Cautious from Neutral at ISI Group).. Misc: PLCE -0.8% and CRI -1% (initiated with a Neutral at Piper Jaffray), GMCR 0.3% (Hearing positive comments at Lazard ahead of earnings today after the close)
