EmailThe consumer discretionary group is outperforming the broader market in early trade. The retail group is also in the green with the Retail HOLDRS Trust (RTH) 0.8% and the SPDR S&P Retail ETF (XRT) 1.2%.
Trading higher following earnings/guidance: EXPE +20.2%, RUTH +15.5%, MNI +12.5%, AMZN +5.8%, RGC +4.3%, AXL +2.2%, GET +1.5%, NWL +1.4%... Trading lower following earnings/guidance: SBUX -11.8%, CSTR -11.4%, CLUB -8.6%, DHI -4.2%, ELY -2.9%, BJRI -1.5%, NTRI -1.4%, COLM -0.6%, Near unchanged mark following earnings/guidance: CRWN. Other notable mentions: Leaders: CHH 6.4% (announces special cash dividend), WMT 0.7% (US officials are considering launching a probe into retail co's violations of an anti-foreign bribery laws following Wal Mart charges, according to reports).
Analyst related: Upgrades: EXPE 20.1% (Expedia upgraded to Equal Weight from Underweight at Morgan Stanley), SBAC 2.8% (upgraded to Buy from Hold at Stifel ), KMB 1% (upgraded to Outperform from Underperform at Credit Agricole)... Downgrades: CL -0.7% (downgraded to Hold from Buy at Deutsche Bank), PEUGY -2% (downgraded to Neutral from Buy at UBS), ONE -15.7% (downgraded to Neutral from Buy at Sun Trust Rbsn Humphrey), IMAX -1.6% (downgraded to Neutral from Outperform at Wedbush), STRA -1.5% (downgraded to Underweight from Neutral at Piper Jaffray)... Misc: PCAR 3% (initiated with a Outperform at BMO Capital Markets), LVS 1.1% (Hearing removed from US 1 Focus list at BofA/Merrill).
