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Last Update: 24-Jan-13 11:36 ET
S&P Consumer Discretionary Index 0.9%, 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) 0.9% and the SPDR S&P Retail ETF (XRT) 1.4%. Select education names are under pressure in early trade following ESI results. A few names trading lower include: STRA -2.3%, COCO -1.7%, BPI -1.3%, CECO -1.2%, CPLA -1.7%, APEI -0.9%, APOL -1%, DV -0.6%, LOPE -0.4%, EDMC -0.2% Trading higher following earnings/guidance: NFLX +42.5%, TZOO +14.8%, OSTK +10.7%, NVR +2.6%... Trading lower following earnings/guidance: ESI -16.7%, MKC -6.9%, MDP -1.1% Other notable mentions: JCP flat (J. C. Penney CEO Ron Johnson wants manufacturers to suggest incorrect pricing markups on clothing, according to reports)... Leaders: AMZN 2.7% (announces acquisition of IVONA Software), DOLE 0.8% (Dole Food Receives Approval from China to Sell Worldwide Packaged Foods and Asia Fresh Produce Business)... Laggards: UA -1.9% (announced resignation of Senior Vice President Gene McCarthy) Analyst related: Upgrades: DDS 3.9% and ROST 2.1% (upgraded to Outperform from Neutral at Credit Suisse), PSO 0.9% (upgraded to Equal Weight from Underweight at Barclays ), BBBY 2.9% (upgraded to Outperform from Perform at Oppenheimer)... Downgrades: TIF flat (downgraded to Hold from Buy at Canaccord), COH 0.6% (downgraded to Neutral from Buy at ISI Group)... Misc: CVS 0.1% (removed from Focus List at Credit Suisse), CL 1% (initiated with a Outperform and added to Focus List Credit Suisse), KMB flat (initiated with an Underperform at Credit Suisse), EXPE 1.7% (initiated with a Buy at Ascendiant Capital)
