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Last Update: 18-Jan-13 10:39 ET
S&P Consumer Discretionary Index near flat line, 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) -0.1%.
Notable mentions: CVS flat (issues statement and response to CMS action ), PSO flat (Pearson Plc's FT unit seeing potential interest, according to UK Telegraph)... Leaders: SIRI 0.6% (another purchase from majority holder LMCA)... Laggards: TIF -1.1% (extends expiration of share repurchase program), PVH -1.4% ( announces license agreement with Stepping Stones for infant hosiery and legwear for IZOD brand) Analyst related: Upgrades: LVS 1.1% (upgraded to Outperform from Market Perform at Wells Fargo), WYNN 1.3% (upgraded to Outperform from Market Perform at Wells Fargo), NFLX 2.6% (upgraded to Buy from Neutral at Janney; TG Majestic out positive on NFLX, initiated with Underweight at Albert Fried), AMZN 0.6% ( upgraded to Outperform from Sector Perform at Pacific Crest)... Downgrades: MGM -0.8% (downgraded to Market Perform from Outperform at Wells Fargo), EL -1.4% ( downgraded to Outperform from Buy at Credit Agricole)... Misc: STRZA -2.4% and ACCO -0.2% ( initiated with Equal Weight at Barclays), WHR -4% (Hearing weakness being attributed to Cleveland Research out cautious)
Notable mentions: CVS flat (issues statement and response to CMS action ), PSO flat (Pearson Plc's FT unit seeing potential interest, according to UK Telegraph)... Leaders: SIRI 0.6% (another purchase from majority holder LMCA)... Laggards: TIF -1.1% (extends expiration of share repurchase program), PVH -1.4% ( announces license agreement with Stepping Stones for infant hosiery and legwear for IZOD brand) Analyst related: Upgrades: LVS 1.1% (upgraded to Outperform from Market Perform at Wells Fargo), WYNN 1.3% (upgraded to Outperform from Market Perform at Wells Fargo), NFLX 2.6% (upgraded to Buy from Neutral at Janney; TG Majestic out positive on NFLX, initiated with Underweight at Albert Fried), AMZN 0.6% ( upgraded to Outperform from Sector Perform at Pacific Crest)... Downgrades: MGM -0.8% (downgraded to Market Perform from Outperform at Wells Fargo), EL -1.4% ( downgraded to Outperform from Buy at Credit Agricole)... Misc: STRZA -2.4% and ACCO -0.2% ( initiated with Equal Weight at Barclays), WHR -4% (Hearing weakness being attributed to Cleveland Research out cautious)
