EmailThe consumer discretionary group is in-line with the broader market in early trade. The retail group is also in the red with the Retail HOLDRS Trust (RTH) -1.2% and the SPDR S&P Retail ETF (XRT) -1.5%. Trading higher following earnings/guidance: COH +5.3%, XRS +4.9%, CPLA +2.9%, HOG +3%, WHR +2.5%, IPAR +0.4%... Trading lower following earnings/guidance: ALV -8.1%, RSH -6.3%, TUES -6.1%, MMM -3.2%, ABG -1.9%, SAH -0.9% Other notable mentions: WTSLA flat (Clinton Group discloses 6.97% stake in amended 13D filing, up from 6.92% on 10/5; firm met with members of the board), TGT flat (TD Bank Group to acquire Target's U.S. credit card portfolio and enter into a seven-year program agreement), SHLD flat (Board of Directors provides final approval of partial spin-off of its interest in Sears Canada)... Leaders: HLYS 20% (Heelys announces asset purchase agreement with The Evergreen Group and adoption of plan of liquidation and dissolution)... Laggards: AEO -5.4% (investor webcast underway; presentation slides include co's targets), GES -2.2% (received tax audit reports from the Italian tax authority regarding its ongoing audit of one of the Co's Italian subsidiaries for the 2008 and 2009 fiscal years), WMT -0.7% (Reuters discusses possible worker related lawsuits at WMT ahead of possible employee walkout on Black Friday)
Analyst related: Upgrades: NCMI 1.6% (upgraded to Buy at Stifel Nicolaus)... Downgrades: AMCX -2.8% (downgraded to Neutral from Overweight at JP Morgan), PH -2% (downgraded to Hold at Argus on deteriorating demand)... Misc: DNKN -1.4% (initiated with a Hold at Miller Tabak), DECK -1.7% (ests cut at TAG ahead of earnings)
