The 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) -0.5% and the SPDR S&P Retail ETF (XRT) -0.2%. A few auto names are seeing early strength following June results.
Some names trading higher include: FIATY +3.4%, F +1.3%, GM +1.0%. Other notable mentions: Leaders: ARO 0.4% (S.A.C. Capital discloses 5.1% stake in 13G filing), AONE 1.5% (files for ~250.4 mln share common stock offering by selling shareholders), GRPN 0.4% (Groupon Chairman to step back from current position to focus on venture firm, according to reports), ATVI 0.9% (the co and Tencent Holdings Limited announced a strategic relationship to bring Call of Duty Online to Chinese game players)... Laggards: MW -1.1% (Announces Departure Of CFO), DMND -1.1% (reports Nasdaq Hearings Panel has approved the co's request for a stay of delisting), Z -0.5% (Zillow and Yahoo! expand relationship; Zillow now provider of rental listings to Yahoo homes). Analyst related: Downgrades: BEBE -2.2% (downgraded to Neutral from Outperform at Wedbush), TWTC -3.2% (downgraded to Market Perform from Strong Buy at Raymond James).






