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Last Update: 23-Apr-13 09:53 ET
S&P Consumer Discretionary Index 1%, modestly outperforming the broader market
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) 1% and the SPDR S&P Retail ETF (XRT) 1.3%.
Trading higher following earnings/guidance: NFLX +22.2%, COH +10.7%, CPLA +11.5%, LEE +6.3%, ITW +2.8%, XRS +1.5%, RSH +1%, SAH +0.6%... Trading lower following earnings/guidance: RCII -5.3%, GCI -3.7%, EAT -3.2%, PCAR -1.1%, PII -1% Other notable mentions: LRN flat ( announces Chief Financial Officer leaving), BUD flat (Anheuser-Busch InBev confirms court allows settlement with DoJ, Anheuser-Busch InBev, Grupo Modelo and Constellation Brands (STZ) to proceed), BKW flat (announced the sale of its Canadian subsidiary Burger King Restaurants of Canada), Leaders: HST 0.8% (files mixed securities shelf offering) Analyst related: Downgrades: ALV -1.1% (downgraded to Hold at Nordea Securities ), YUM -1.4% (downgraded to Underperform from Buy at BofA/Merrill)... Misc: JCP -3% ( tgt to $9 from $13 at Morgan Stanley ), TJX 1% (initiated with an Outperform at Cowen), ROST 0.9% (initiated with an Outperform at Cowen)
Trading higher following earnings/guidance: NFLX +22.2%, COH +10.7%, CPLA +11.5%, LEE +6.3%, ITW +2.8%, XRS +1.5%, RSH +1%, SAH +0.6%... Trading lower following earnings/guidance: RCII -5.3%, GCI -3.7%, EAT -3.2%, PCAR -1.1%, PII -1% Other notable mentions: LRN flat ( announces Chief Financial Officer leaving), BUD flat (Anheuser-Busch InBev confirms court allows settlement with DoJ, Anheuser-Busch InBev, Grupo Modelo and Constellation Brands (STZ) to proceed), BKW flat (announced the sale of its Canadian subsidiary Burger King Restaurants of Canada), Leaders: HST 0.8% (files mixed securities shelf offering) Analyst related: Downgrades: ALV -1.1% (downgraded to Hold at Nordea Securities ), YUM -1.4% (downgraded to Underperform from Buy at BofA/Merrill)... Misc: JCP -3% ( tgt to $9 from $13 at Morgan Stanley ), TJX 1% (initiated with an Outperform at Cowen), ROST 0.9% (initiated with an Outperform at Cowen)
