EmailThe consumer discretionary group is underperforming the broader market in early trade. The retail group is mixed with the Retail HOLDRS Trust (RTH) 0.1% and the SPDR S&P Retail ETF (XRT) -0.1%.
Trading higher following earnings/guidance: DF +33.9%, APEI +11.8%, M +3.6%, IILG +3%, CQB +2.7%, LMCA +1.3%... Trading lower following earnings/guidance: OWW -20%, PCLN -14.4%, THS -5.8%, FRGI -5.2%, RL -3.7%, MCD -2.8%, BID -1.8%... Near unchanged mark following earnings/guidance: DIS, RAH Other notable mentions: Leaders: WTSLA 1.4% (Bloomberg discusses that WTSLA may me a target for takeover as activists push for sale), SIRI 0.4% (intends to offer $400 mln of Senior Notes due 2022), CTRP 0.7% (Ctrip.com and Booking.com forge global travel partnership)... Laggards: GIII -0.4% (enters into new credit facility agreement; increases revolving bank line to $450 mln), RENT -2.7% (announced an agreement with iTVX that will allow brands and programmers to see the full impact when a TV show uses a brand in a story line or in a demonstration).
Analyst related: Upgrades: CTCM 2.5% (upgraded to Buy from Neutral at BofA/Merrill), CVS 1.5% (upgraded to Outperform from Market Perform at BMO Capital), ... Downgrades: MGM -3.2% (downgraded to Equal Weight from Overweight at Morgan Stanley), IHG -3.2% (downgraded to Neutral from Buy at Sun Trust Rbsn Humphrey, downgraded to Neutral from Overweight at JP Morgan), BPI -1.5% (downgraded to Neutral from Buy at Citigroup), PRTS -12.5% (downgraded to Neutral from Buy at ROTH), GRPN -1% (downgraded to Neutral from Buy at Sterne Agee), FOSL -3.2% (downgraded to Neutral from Buy at Citigroup)... Misc: TSN 2.5% (strength attributed to positive position at Off Wall Street).
