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Last Update: 06-May-13 11:21 ET
S&P Consumer Discretionary Index near flat line, in-line with the overall market
The consumer discretionary group is in-line with the broader market in early trade. The retail group is in the red with the Retail HOLDRS Trust (RTH) -0.4% and the SPDR S&P Retail ETF (XRT) -0.2%.
Trading higher following earnings/guidance: SSP +2.6%, BPO +0.6%... Trading lower following earnings/guidance: TSN -5.2% Other notable mentions: CBS flat (CBS in discussions to acquire LionsGate's (LGF) 50% stake in TVGuide, according to reports), TM 0.1% ( is expected to generate FY13 $13.1 bln in operating profit, according to reports)... Leaders: MTOR 0.8% (appoints Ivor Evans, Executive Chairman and Interim Chief Executive Officer and President ), Laggards: CMFO -1.3% (engages BDO China Shu Lun Pan as independent registered accountant), JCP -0.9% ( Bloomberg discusses news that JCP has spent $170 mln to create Ron Johnson's team) Analyst related: Upgrades: WTSL 0.7% (upgraded to Buy at B. Riley & Co.), UNFI 1.9% ( upgraded to Buy from Neutral at UBS)... Downgrades: EA 1.3% (downgraded to Sell from Hold at Hudson Square Research)... Misc: HOG 1% ( initiated with a Overweight at Morgan Stanley), HBI 1.5% ( initiated with an Outperform at Wells Fargo)
Trading higher following earnings/guidance: SSP +2.6%, BPO +0.6%... Trading lower following earnings/guidance: TSN -5.2% Other notable mentions: CBS flat (CBS in discussions to acquire LionsGate's (LGF) 50% stake in TVGuide, according to reports), TM 0.1% ( is expected to generate FY13 $13.1 bln in operating profit, according to reports)... Leaders: MTOR 0.8% (appoints Ivor Evans, Executive Chairman and Interim Chief Executive Officer and President ), Laggards: CMFO -1.3% (engages BDO China Shu Lun Pan as independent registered accountant), JCP -0.9% ( Bloomberg discusses news that JCP has spent $170 mln to create Ron Johnson's team) Analyst related: Upgrades: WTSL 0.7% (upgraded to Buy at B. Riley & Co.), UNFI 1.9% ( upgraded to Buy from Neutral at UBS)... Downgrades: EA 1.3% (downgraded to Sell from Hold at Hudson Square Research)... Misc: HOG 1% ( initiated with a Overweight at Morgan Stanley), HBI 1.5% ( initiated with an Outperform at Wells Fargo)
