EmailThe consumer discretionary group is in-line with the broader market in early trade. The retail group is also in the green with the Retail HOLDRS Trust (RTH) 1.7% and the SPDR S&P Retail ETF (XRT) 1.4%.
Trading higher following earnings/guidance: CBK +25.7%, SHOO +15.4%, FNP +14.7%, CROX +14.7%, CAB +11%, CAKE +10.5%, TEN +10%, WFM +8.6%, NYT +7.7%, SKX +7.6%, VAC +6.8%, UN +6.6%, SFLY +6.4%, UL +6.4%, MTH +5.9%, JRN +5.4%, STNR +5.2%, HOT +3.9%, ACOM +3.6%, GPI +3.5%, MMM +2.9%, HSY +1.7%, DEST +1.4%, BSYBY +1.2%... Trading lower following earnings/guidance: ZNGA -40.6%, STRA -22.5%, ESI -17.1%, RT -14.8%, IPG -9.7%, VLKAY -4.7%, LVS -4.2%, ETH -3.5%, GNC -2.8%, ANGI -3.1%, ORLY -2.3%, BBW -2.1%, DNKN -1.4%, MDP -1%... Near unchanged mark following earnings/guidance: MJN, DPS, NSANY. Other notable mentions: Leaders: HINKY 2.9% (Bloomberg discusses that Heineken may need to raise its $6 bln bid for Asia Pacific Breweries), BWLD 1.6% (positive mention on MadMoney). Analyst related: Upgrades: TFM 6.5% (upgraded to Buy from Hold at Deutsche Bank), COH 4.6% (upgraded to Overweight from Equal-Weight at Morgan Stanley), SKX 7.5% (upgraded to Neutral from Underperform at Wedbush), SHOO 15.6% (upgraded to Outperform from Neutral at Wedbush)... Downgrades: TJX 0.3% (downgraded to Neutral from Buy at Nomura ), ROST 0.4% (downgraded to Neutral from Buy at Nomura ), LINC -9.9% (downgraded to Underperform from Neutral at BofA/Merrill ), RSH -3.7% (downgraded to Underperform from Neutral at Wedbush), IGT -0.7% (downgraded to Equal Weight from Overweight at Morgan Stanley)... Misc: AVP 1.3% (initiated with a Market Perform at Wells Fargo), URBN 2.3% (initiated with a Buy at Credit Agricole), KORS 4.2% (Hearing positive mention at OTR Global Research).
