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) 0.7% and the SPDR S&P Retail ETF (XRT) 0.7%. Trading higher following earnings/guidance: TTM +2.7%... Trading lower following earnings/guidance: SAFM -1.5%, CLX -0.6%.
Other notable mentions: DIN flat (announces the sale of 33 Applebee's Company-Operated Restaurants in Missouri and Indiana to American Franchise Capital), DLTR flat(announces 2-for-1 stock split), JCP flat (18% holder Bill Ackman discusses JCP positively on CNBC, says it is right strategy and mgmt team)... Leaders: HNZ 0.5% (Barron's reviews positive view on Heinz), CAAS 8.4% (redeems all convertible notes), MELI 1.6% (Barron's discusses its view that MercadoLibre's may be threatened by Amazon), AERL 11.3% (announced that it has engaged an investment bank and a Hong Kong law firm for a Pre IPO enquiry in relation to seeking a dual listing of its securities in Hong Kong).
Analyst related: Upgrades: WSM 3.3% (upgraded to Neutral from Sell at Janney Montgomery Scott), FL 2% (upgraded to Buy from Hold at Deutsche Bank), ALV 3.4% (upgraded to Neutral from Sell at UBS), JACK 1.4% (upgraded to Neutral from Underperform at Wedbush), MNST 1.9% (Monster Beverage upgraded to Buy from Neutral at SunTrust), MTN 3.9% (upgraded to Buy from Hold at Stifel Nicolaus)... Misc: ADDYY 3% (initiated with a Neutral at JP Morgan), FB -2.5% (initiated with a Buy at Credit Agricole), TLB -2% (tgt lowered to $1-3 after deal with Sycamore Partners fell through - Telsey Advisory Group).






