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Last Update: 04-Oct-12 10:10 ET
S&P Consumer Discretionary Index 0.8%, outperforming the broader market
The 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) 0.7% and the SPDR S&P Retail ETF (XRT) 0.5%. Trading higher following earnings/guidance/SSS: MAR +3.1%, M +1.4%, JWN +1.3%, TJX +1.3%, GPS +1.2%, COST +1.1%, LTD +1.1%, TGT +1%, PERF +0.8%, SMRT +0.6%, CATO +0.6%, SKS +0.5%, RAD +0.3%... Trading lower following earnings/guidance/SSS: FOH -3.4%, BONT -2.7%, TLF -4.1%, BKE -1.8%, KSS -1.7%, ROST -0.8%, FRED -0.5%. Other notable mentions: AM flat(discloses 5.0% stake in 13D filing), WTSLA flat(continues to urge shareholders to reject Clinton Group's efforts to replace experienced board members with hand-picked nomineess)... Leaders: RSH 2% (Junior Capital team at Wells Fargo Capital Finance and Pathlight Capital provide $100 million term loan to RadioShack), AMZN 0.7% (announced that developers can now submit apps for distribution later this year in Japan, Introduces Cloud Drive in Italy and Spain), UN 0.6% (is considering putting its Skippy peanut butter brand for sale, could generate $300-400 mln, according to reports), CBRL 1.1% (Urges Shareholders to Reject Nominations of Biglari and Cooley to Board of Directors), IMAX 0.4% (IMAX and Regal Entertainment Group expand revenue share partnership with 10 new IMAX Theatres), MCD 0.6% (WSJ discusses news that McDonalds (MCD) has registered a trademark for whole-bean coffee), WAG 0.7% (Barron's profiles positive view on Walgreens)... Laggards: P -0.4% (announces Sep. listener hours). Analyst related: Upgrades: EBAY 2.4% (eBay upgraded to Buy from Neutral at Nomura)... Downgrades: TWX -0.1% (downgraded to Hold from Buy at Argus), BEBE -3.5% (Hearing downgraded at Roth Capital)... Misc: SHOO 2.3% (Steven Madden initiated with a Buy at Brean Murray)
