EmailThe consumer discretionary group is underperforming the broader market in early trade. The retail group is mixed with the Retail HOLDRS Trust (RTH) flat and the SPDR S&P Retail ETF (XRT) -0.1%.
Trading higher following earnings/guidance: RDEN +19.6%, RRGB +10.5%, DDS +6%, IPAR +5.5%, EAT +3.8%, JACK +2.6%, NSRGY +2.2%, APP +2%, CMLS +0.8%, HSH +0.4%... Trading lower following earnings/guidance: EDMC -15.8%, MNST -6.7%, HLYS -4.2%, AAP -4.2%, AMCX -0.7%... Near unchanged mark following earnings/guidance: KSS, NWSA. Other notable mentions: BBY flat (Private Equity firms have skepticism over deal with Best Buy founder, according to reports)... Leaders: DOLE 1.2% (Dole Food: California court dismisses lawsuit against Dole brought by Philippine plaintiffs claiming to be banana workers), Laggards: ZNGA -1.6% (discloses John Schappert, co's COO, has resigned), SIRI -0.6% (prices offering of $400 mln of senior notes due 2022).
Analyst related: Upgrades: KBH 4.9%, PHM 2.4% and BZH 4% (upgraded to Overweight from Underweight at JPMorgan), IPAR 5.2% (upgraded to Above Average at Caris & Company)... Downgrades: TOL -0.2% (downgraded to Underweight from Neutral at JPMorgan), THS -5.5% (downgraded to Neutral from Buy at SunTrust), KAR -2% (downgraded to Hold from Buy at BB&T), IHG -0.6% (downgraded to Market Perform from Outperform at Avondale)... Misc: ULTA 1.4% (initiated with a Buy at Goldman), MPEL -2.5% ( Melco Crown initiated with an Underperform at Jefferies).
