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Last Update: 29-Jan-13 10:01 ET
S&P Consumer Discretionary Index -0.6%, underperforming the broader market
The consumer discretionary group is 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) -0.5%. Select education names are under pressure following EDU (-6.3%) results. A few names trading lower include: COCO -3%, ESI -2.3%, CPLA -1.8%, STRA -1.8%, CECO -1.7%, DV -1.3%, BPI -0.9%, APOL -1.1%, EDMC -0.8% Trading higher following earnings/guidance: DLA +2.5%, HOG +1%, ELS +0.6%... Trading lower following earnings/guidance: EDU -6.3% Other notable mentions: Leaders: FLO 1.3% (Hostess selects stalking horse bidders for Drake's and additional bread brands), JCP 3.5% (J. C. Penney to begin targeted discounts this year, according to reports)... Laggards: SHO -1.6% (increases previously-announced public offering to 22 mln shares and prices shares at $11.80 per share), RSH -4.7% (after yesterday's 22% jump higher), NFLX -1.4% (announced a proposed $400 mln offering of senior notes due 2021), PAG -0.9% (approved a cash dividend of $0.14 per share for the fourth quarter of 2012, prior $0.13 per share), OPEN -0.7% (OpenTable to acquire foodspotting app for ~ $10 mln in cash), AEO -0.5% ( confirms launch of first store in Mexico), M -0.6% (nnounces Thomas Cole is retiring as chief administrative officer; will remain with the company through May 2013) Analyst related: Upgrades: TSN 1.9% (upgraded to Buy from Underperform at BofA/Merrill), ANF 1% (upgraded to Outperform from Market Perform at BMO Capital Markets), GPC 1.6% (upgraded to Buy from Hold at BB&T)... Downgrades: P -3.8% (downgraded to Neutral from Outperform at Wedbush)... Misc: STRZA 0.2% (initiated with a Sell at Lazard)
