A few restaurant/QSR names are seeing early strength with DRI leading group higher following guidance. Some names trading higher include: DRI +3.4%, EAT +2.4%, TAST +1.6%, JACK +1.5%, CAKE +1.5%, BKW +1.4%, CMG +1.4%, TXRH +0.8%, BWLD +0.7%, BJRI +0.7%, SONC +0.7%, MCD +0.5%, SBUX +0.4%, PNRA +0.4%, YUM +0.2%, Trading higher following earnings/guidance: JOEZ +7.5%, DRI +3.2%, IPG +2.3%, HNZ +0.3%... Trading lower following earnings/guidance: RCKY -8.8%, ANF -7.5%, NCMI -5.8%, CEC -4.7%, BLMN -3.2%, WPO -1.5%, JWN -0.9% Other notable mentions: TIF flat (Bloomberg discusses that TIF and Burberry (BURBY) may be possible takeover targets by Lvmh, according to reports), ARKR 0.5% (Ark Restaurants Board of Directors Rejects Landry's Unsolicited Proposal), COST 0.4% (Aetna confirms it is now offering individual plans to Costco (COST) Members in Florida) Analyst related: Upgrades: HD 1.6% ( upgraded to Outperform at Oppenheimer)... Downgrades: WEN -1.2% (downgraded to Underperform from Neutral at Credit Suisse), IMAX -1.8% (IMAX downgraded to Hold from Buy at Stifel Nicolaus... Misc: NFLX -3.3% (Hearing cautious comments at ITG Majestic Research)
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