S&P Consumer Discretionary Index trading -0.2%, in-line with the broader market

Story Stocks^® Archive

Last Update: 14-Feb-13 09:56 ET

The consumer discretionary group is in-line the broader market in early trade. The retail group is lower with the Retail HOLDRS Trust (RTH) -0.6% and the SPDR S&P Retail ETF (XRT) -0.6%.

Trading higher following earnings/guidance: ANGI +25%, SKX +7.3%, GNC +6.3%, DTV +2.9%, GM +0.7%... Trading lower following earnings/guidance: WTW -17.9%, ULTA -10.6%, TRIP -9.4% (downgraded to Equal-Weight from Overweight at Morgan Stanley), WFM -8.7%, STRA -6.8%, TTM -5.8%, NSRGY -2.9%, BBW -1.8%, PUBGY -0.4%, TEN -0.2% Other notable mentions: HOT flat (Starwood Increases Share Repurchase Authorization by $500 Million), FNP flat (discloses LeAnn Nealz will be leaving her position as President and Chief Creative Officer of the Juicy Couture effective on or about April 15, 2013)... Leaders: BUD 5.4% and STZ 29.7% (Anheuser-Busch InBev and Constellation Brands announce revised agreement for complete divestiture of U.S. business of Grupo Modelo), HNZ 19.9% (HJ Heinz confirms agreement to be acquired by Berkshire Hathaway and 3G Capital for $72.50 per share), HTSI 0.6% (confirms retention of J.P. Morgan as Financial Advisor)... Laggards: BKS -4.2% (sees FY13 NOOK segment EBITDA loss greater than it was in 2012; sees 2013 NOOK Media revenues to be less than $3 bln), COH -0.5% (announces Victor Luis named President and Chief Commercial Officer, becoming CEO in Jan 2014 with Lew Frankfort continuing as Executive Chairman). Analyst related: Upgrades: SKS 1.6% (upgraded to Outperform from Underperform at Credit Agricole)... Downgrades: H -1.1% (downgraded to Mkt Perform at FBR Capital), PNK -3.8% ( downgraded to Mkt Perform from Strong Buy at Raymond James)... Misc: CL 0% (initiated with a Sell at Canaccord Genuity), GRPN 0.8% (removed from Conviction Sell List at Evercore)