The consumer discretionary group is slightly outperforming the broader market in early trade. The retail group is also in the green with the Retail HOLDRS Trust (RTH) 0.6% and the SPDR S&P Retail ETF (XRT) 0.8%. Trading higher following earnings/guidance: STZ +2.6%... Trading lower following earnings/guidance: ZNGA -18.5%, CACH -13.9%... Near unchanged mark following SSS: PSMT
Other notable mentions: FIATY flat (Fiat SpA CEO is still considering purchasing GM European subsidiary Opel, according to reports), LGF flat (names Brian Goldsmith as co-COO ), DTG and HTZ flat (Hertz Extends Tender Offer to Acquire Dollar Thrifty)... Leaders: AVP 6.5% (Executive Chairman Andrea Jung to step down from Board at year end after successful transition; will continue as Senior Advisor), VOLVY 1.3% (Volvo signs letter of intent to divest plant in Spain), WTSLA 1.6% (Wet Seal announces 4 Directors resign and are replaced by 4 Clinton Group nominees), TJX 0.8% (Barron's profiles positive view on TJX (TJX) following same store sales)... Laggards: TM -1.3% (Toyota Motor China sales fell 40% YoY in September, according to reports), BIDZ -6.2% (Bidz.com extends deadline for merger closing)
Analyst related: Upgrades: BWLD 2.8% (upgraded to Outperform from Neutral at Wedbush), PBY 3.2% (Pep Boys upgraded to Buy from Hold at Benchmark), GPS 1.8% (upgraded to Buy at Caris & Company)... Downgrades: ALV 0% (downgraded to Sell from Neutral at UBS), PNRA -1% and CAKE -1.4% (hearing downgraded at Raymond James)... Misc: FDO 2% and DLTR 2.1% (assumed with an Outperform from Neutral at Credit Suisse), HAIN 2.7%, SNAK 5.7% and BNNY -0.8% (initiated with a Buy at Janney Montgomery Scott), LOW 1.7% (tgt raised to $35 from $30 at Deutsche Bank).






