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Last Update: 01-Mar-13 09:52 ET
S&P Consumer Discretionary Index -1%, underperforming the broader market
The consumer discretionary group is underperforming the broader market in early trade. The retail group is also in the red with the Retail HOLDRS Trust (RTH) -0.3% and the SPDR S&P Retail ETF (XRT) -0.4%.
Trading higher following earnings/guidance: DECK +12.6%, BBY +4.8%, RNDY +2.4%, GPS +0.9%, BID +0.3%... Trading lower following earnings/guidance: RLH -6%, BAGL -2.8%, FRGI -2.3% Other notable mentions: JCP flat (Fitch Downgrades J.C. Penney's IDR to 'B-'; Outlook Negative ), CATO flat (announces dividend increase of 20% to $0.05 per share), EKDKQ flat (Eastman Kodak and lenders finalize terms of interim and exit financing)... Leaders: GRPN 2% (Appoints Eric Lefkofsky and Ted Leonsis to the Office of the Chief Executive; Board Initiates Search for New CEO), HTSI 1.1% (Publix Super Markets said to be mulling a bid for Harris Teeter, according to reports)... Laggards: BNNY -0.5% (S.A.C. Capital discloses 5.0% passive stake in 13G filing), FLO -1.4% (Hostess Brands Selects Flowers Foods as Winning Bidder for Majority of Bread Business, Including Wonder), CZR -1.3% (A Federal Judge has upheld a hold on sports betting in 46 states including NJ, according to reports), DPS -0.4% (announced that it has acquired the business assets and territory of Dr. Pepper/7-UP Bottling Company of the West; terms not disclosed), CCG -1.7% (priced a 22.2 mln shares at $12.25/share), Analyst related: Upgrades: TGT 1.1% (upgraded to Outperform from Market Perform at Wells Fargo), PCLN -0.4% (upgraded to Buy from Neutral at Lazard)... Downgrades: WEN -3.5% (downgraded to Underweight from Equal-Weight at Morgan Stanley), DRI -1.3% (downgraded to Neutral from Buy at UBS), SIG -3% (downgraded to Neutral from Buy at Citigroup)... Misc: JJSF flat (initiated with an Outperform at William Blair), PERY flat ( resumed with a Buy at ROTH Capital)
Trading higher following earnings/guidance: DECK +12.6%, BBY +4.8%, RNDY +2.4%, GPS +0.9%, BID +0.3%... Trading lower following earnings/guidance: RLH -6%, BAGL -2.8%, FRGI -2.3% Other notable mentions: JCP flat (Fitch Downgrades J.C. Penney's IDR to 'B-'; Outlook Negative ), CATO flat (announces dividend increase of 20% to $0.05 per share), EKDKQ flat (Eastman Kodak and lenders finalize terms of interim and exit financing)... Leaders: GRPN 2% (Appoints Eric Lefkofsky and Ted Leonsis to the Office of the Chief Executive; Board Initiates Search for New CEO), HTSI 1.1% (Publix Super Markets said to be mulling a bid for Harris Teeter, according to reports)... Laggards: BNNY -0.5% (S.A.C. Capital discloses 5.0% passive stake in 13G filing), FLO -1.4% (Hostess Brands Selects Flowers Foods as Winning Bidder for Majority of Bread Business, Including Wonder), CZR -1.3% (A Federal Judge has upheld a hold on sports betting in 46 states including NJ, according to reports), DPS -0.4% (announced that it has acquired the business assets and territory of Dr. Pepper/7-UP Bottling Company of the West; terms not disclosed), CCG -1.7% (priced a 22.2 mln shares at $12.25/share), Analyst related: Upgrades: TGT 1.1% (upgraded to Outperform from Market Perform at Wells Fargo), PCLN -0.4% (upgraded to Buy from Neutral at Lazard)... Downgrades: WEN -3.5% (downgraded to Underweight from Equal-Weight at Morgan Stanley), DRI -1.3% (downgraded to Neutral from Buy at UBS), SIG -3% (downgraded to Neutral from Buy at Citigroup)... Misc: JJSF flat (initiated with an Outperform at William Blair), PERY flat ( resumed with a Buy at ROTH Capital)
