S&P Consumer Discretionary Index trading flat and in line with the market

Story Stocks^® Archive

Last Update: 14-Nov-12 10:00 ET

The consumer discretionary group is in-line with the broader market in early trade. The retail group is outperforming with the Retail HOLDRS Trust (RTH) 0.3% and the SPDR S&P Retail ETF (XRT) 0.8%. Trading higher following earnings/guidance: ANF +27.7%, ZNGA +2.6%, HMIN +1.9%, GIS +1.3%, HLF +0.6%, ... Trading lower following earnings/guidance: APP -7.9%, MTOR -3.9%, Near unchanged mark following earnings/guidance: Other notable mentions: DMND flat (ahead of its conference call to review restatement and financial results today Nov 14 at 5:00 ET)... Leaders: ARO 7.4% (acquires online fashion footwear and apparel retailer 'GoJane.com'), ZNGA 2.1% (Zynga announces executive appointments: Mark Vranesh, chief accounting officer, has been appointed chief financial officer), SHLD 1.2% (completes partial spin-off of its interest in Sears Canada)... Laggards: TM -0.9% (Toyota Motor to recall 2.8 million cars due to sterring issues, according to reports)

Analyst related: Upgrades: RCL 0.6% (Royal Caribbean upgraded to Buy from Hold at Argus), HWD 2.5% (upgraded to Outperform at BMO Capital Markets)... Downgrades: JCP 1% (downgraded to Neutral from Overweight at JP Morgan), HD -1.2% (downgraded to Mkt Perform from Outperform at Raymond James, downgraded to Hold at Gabelli & Co), RGC -0.6% (downgraded to Average at Caris & Company)... Misc: STMP -12% (Hearing weakness attributed to cautious comments at Craig Hallum), SPF 2.1% (initiated with a Outperform at Credit Suisse)