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Last Update: 02-Nov-12 10:38 ET
S&P Consumer Discretionary Index 1.1%, 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) 0.3% and the SPDR S&P Retail ETF (XRT) 0.1%. Trading higher following earnings/guidance: TRIP +20.6%, BGFV +19.7%, LOPE +10.6%, PCLN +10.3%, SBUX +9.7%, CTB +9%, WPO +5.6%, SAM +4.7%, BEAM +4.8%, TXRH +3.6%, LNKD +2.5%, RL +1.9%, SHO +1.4%, AN +0.8%... Trading lower following earnings/guidance: YELP -10.6%, MELI -7.4%, CCO -6.1%, HTSI -5%, OPEN -3.1%, PAG -1.8%, MHP -1.1%, BEBE -0.5%
Other notable mentions: COH flat (awarded $257 million default judgment in anti-counterfeiting case), JWN flat and TJX -0.8% (Barron's profiles positive view on Nordstrom and TJX ), RCL 0.4% (announces $500 million senior unsecured notes offering), F flat (to adjust conversion prices on convertible debt securities and exercise price and number of underlying shares of warrants), CSTR flat (enters into agreement with Morgan Stanley to accelerate share repurchase)... Leaders: EBAY 0.5% (eBay is planning on China partnership with Xiu.com, according to reports)... Laggards: GES -6.8% (announces senior management changes; both COO and CFO are leaving the company to pursue other interests), NFLX -1.4% (Bloomberg discusses that NFLX's valuation may be too high for a sale)
Other notable mentions: COH flat (awarded $257 million default judgment in anti-counterfeiting case), JWN flat and TJX -0.8% (Barron's profiles positive view on Nordstrom and TJX ), RCL 0.4% (announces $500 million senior unsecured notes offering), F flat (to adjust conversion prices on convertible debt securities and exercise price and number of underlying shares of warrants), CSTR flat (enters into agreement with Morgan Stanley to accelerate share repurchase)... Leaders: EBAY 0.5% (eBay is planning on China partnership with Xiu.com, according to reports)... Laggards: GES -6.8% (announces senior management changes; both COO and CFO are leaving the company to pursue other interests), NFLX -1.4% (Bloomberg discusses that NFLX's valuation may be too high for a sale)
