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Last Update: 03-Apr-13 10:56 ET
S&P Consumer Discretionary Index -0.47%, 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 red with the Retail HOLDRS Trust (RTH) -0.4% and the SPDR S&P Retail ETF (XRT) -0.4%. Trading higher following earnings/guidance/SSS: CONN +7.7%, AYI +6.7%, JOSB +5%, OXM +3.2%, WAG +1.3%.
Trading lower following earnings/guidance: GIII -5.3%, AN -1.6%, CAG -0.4% Other notable mentions: WTW (announces debt refinancing)... Leaders: ZNGA 13% (Zynga announces ZyngaPlusPoker and ZyngaPlusCasino launching for UK players; co's first real money games), SVU 0.8% (announced that Sherry Smith, executive VP and CFO, will leave the company at the end of May), FB 2.5% (SEC says social media OK for company announcements if investors are alerted)... Laggards: P -1.1% (announces March 2013 audience metrics; Listener hours for Pandora during the month of March 2013 were 1.49 bln, an increase of 40% YoY), SWHC -1.8% and RGR -2.2% ( Senate Democrats still do not have support for gun background checks, according to reports), Analyst related: Upgrades: BWLD 1.2% (upgraded to Strong Buy from Mkt Perform at Raymond James), CMG 1.4% (upgraded to Mkt Perform from Underperform at Raymond James), EAT 1.7% (upgraded to Outperform from Mkt Perform at Raymond James), DLTR 0.4% (upgraded to Overweight from Equal-Weight at Morgan Stanley)... Downgrades: GIL -0.1% (Hearing downgraded to Hold at GMP Securities )... Misc: BBY 1.4% (tgt raised before the open to $36 from $21 at Janney ), TGT -1.6% (early weakness attributed to cautious Cleveland Research comments), SIRI -0.5% (reiterated as Buy at Lazard, citing upside March car sales SAAR), TUMI 1.4% (resumed with a Outperform at Credit Suisse), VIAB 0.9% (Hearing postive comments at Susquehanna, raises tgt to $71 from $65).
Trading lower following earnings/guidance: GIII -5.3%, AN -1.6%, CAG -0.4% Other notable mentions: WTW (announces debt refinancing)... Leaders: ZNGA 13% (Zynga announces ZyngaPlusPoker and ZyngaPlusCasino launching for UK players; co's first real money games), SVU 0.8% (announced that Sherry Smith, executive VP and CFO, will leave the company at the end of May), FB 2.5% (SEC says social media OK for company announcements if investors are alerted)... Laggards: P -1.1% (announces March 2013 audience metrics; Listener hours for Pandora during the month of March 2013 were 1.49 bln, an increase of 40% YoY), SWHC -1.8% and RGR -2.2% ( Senate Democrats still do not have support for gun background checks, according to reports), Analyst related: Upgrades: BWLD 1.2% (upgraded to Strong Buy from Mkt Perform at Raymond James), CMG 1.4% (upgraded to Mkt Perform from Underperform at Raymond James), EAT 1.7% (upgraded to Outperform from Mkt Perform at Raymond James), DLTR 0.4% (upgraded to Overweight from Equal-Weight at Morgan Stanley)... Downgrades: GIL -0.1% (Hearing downgraded to Hold at GMP Securities )... Misc: BBY 1.4% (tgt raised before the open to $36 from $21 at Janney ), TGT -1.6% (early weakness attributed to cautious Cleveland Research comments), SIRI -0.5% (reiterated as Buy at Lazard, citing upside March car sales SAAR), TUMI 1.4% (resumed with a Outperform at Credit Suisse), VIAB 0.9% (Hearing postive comments at Susquehanna, raises tgt to $71 from $65).
