EmailThe consumer discretionary group is slightly outperforming the broader market in early trade. The retail group is mixed with the Retail HOLDRS Trust (RTH) 0.3% and the SPDR S&P Retail ETF (XRT) flat. Trading higher following earnings/guidance: WSM +8.6%, CHS +7.4%, BAMM +7.3%, TOL +5%, AEO +3.7%, LZB +1.5%... Trading lower following earnings/guidance: WTSLA -10.1%, EXPR -6.8%, HINKY -3.6%. Other notable mentions: AMZN flat (launched the India Kindle Store on Amazon.com ), RGR flat (Sturm Ruger announces that the Federal District Court for the District of Connecticut approved a $3 mln settlement vs. the co )... Leaders: KFT 1% (Brynwood Partners to acquire a controlling stake in the back to nature brand through a joint venture with KFT; terms not disclosed), PLCE 0.9% (Chrmn/10% owner bought 13,350 shares at $56.00-56.05 worth ~$750K)...Laggards: BEAM -0.5% (announces redemption of remaining $2.67 convertible preferred stock), SWHC -1.1% (discloses it expects to incur a before-tax loss of $6.0 mln in connection with divestiture of security solutions division), NYT -1.5% (New York Times receives $300+ mln offer for About.com from IAC/Interactivecorp (IACI), according to reports).
Analyst related: Upgrades: LVS 0.1% (upgraded to Outperform at Imperial Capital)... Downgrades: BBY -1.3% (Best Buy downgraded to Underperform from Neutral at Wedbush), GPI -2.1% (downgraded to Hold from Buy at KeyBanc)... Misc: YELP -3.4% (initiated with a Market Perform at JMP Securities ), ZNGA 3.7% (initiated with an Outperform at JMP Securities) DFRG 1.9% (initiated with a Outperform at Wells Fargo), CZR 0% (initiated with an Underweight at Barclays).
