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Last Update: 22-Jan-13 10:08 ET
S&P Consumer Discretionary Index flat and in-line with the broader market
The consumer discretionary group is in-line with the broader market in early trade. The retail group is mixed with the Retail HOLDRS Trust (RTH) 0.1% and the SPDR S&P Retail ETF (XRT) -0.2%. Trading lower following earnings/guidance: EAT -5.4%, PSO -4.2%
Other notable mentions: BEAM flat(to sell select brands to Luxco for $65 mln; expects the transaction to be neutral to EPS in 2013 ), CSTR flat (mentioned cautiously in NYPost article out over the weekend; notes the co previously rejected bid from Providence Equity Partners)... Leaders: SJR 0.7% (Shaw Comms announces the Shaw Family has purchased an additional 750k Class B Non-Voting Participating Shares of the company ), CBS 1.4% (units may be up for sale/spin-off, according to NYPost report ), TUES 0.3% (appoints John Rossler Chief Operating Officer), HTSI 5% ( being attributed to takeover speculation)... Laggards: HOTT -1.3% (CFO resigns; appoints interim CFO) Analyst related: VIAB 0.2% (upgraded to Buy from Neutral at Goldman), ... Downgrades: URBN -0.9% downgraded to Neutral from Overweight at Atlantic Equities ), COH -1.4% (downgraded to Outperform from Buy at Credit Agricole), MGA 0.4% (downgraded to Sector Perform at Scotia)... Misc: PENN -1% (estimates cut on soft regional trends at Lazard), STRZA flat (initiated with a Equal-Weight at Morgan Stanley)
Other notable mentions: BEAM flat(to sell select brands to Luxco for $65 mln; expects the transaction to be neutral to EPS in 2013 ), CSTR flat (mentioned cautiously in NYPost article out over the weekend; notes the co previously rejected bid from Providence Equity Partners)... Leaders: SJR 0.7% (Shaw Comms announces the Shaw Family has purchased an additional 750k Class B Non-Voting Participating Shares of the company ), CBS 1.4% (units may be up for sale/spin-off, according to NYPost report ), TUES 0.3% (appoints John Rossler Chief Operating Officer), HTSI 5% ( being attributed to takeover speculation)... Laggards: HOTT -1.3% (CFO resigns; appoints interim CFO) Analyst related: VIAB 0.2% (upgraded to Buy from Neutral at Goldman), ... Downgrades: URBN -0.9% downgraded to Neutral from Overweight at Atlantic Equities ), COH -1.4% (downgraded to Outperform from Buy at Credit Agricole), MGA 0.4% (downgraded to Sector Perform at Scotia)... Misc: PENN -1% (estimates cut on soft regional trends at Lazard), STRZA flat (initiated with a Equal-Weight at Morgan Stanley)
