Consumer Discretionary Index trading slightly higher and underperforming the market The consumer discretionary group is slightly underperforming 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%. Trading higher following earnings/guidance: BIG +4.9%, SWY +0.5%... Trading lower following earnings/guidance: AEO -11.2%, TFM -10.6%, MFB -9.7%, ZIPR -7.8%, SPLS -3.3% Other notable mentions: Leaders: SBH 2.3% (announces $700 mln share repurchase program), NWSA 0.6% (set to introduce tablet for classroom education, according to reports), WYNN 0.4% (discloses extension of employment agreement with COO), APP 2.9% (announces proposed private debt offering), DV 0.6% (received Reaffirmation of Accreditation by the Institutional Actions Council of the North Central Association of Colleges and Schools), BWLD 0.7% (Citadel Advisors discloses 5.1% passive stake in 13G filing)... Laggards: CZR -0.8% (offered to sell World Series of Poker assets to Pokerstars, who declined the offer, according to reports), MW -0.4% (Names Jon W. Kimmins as Chief Financial Officer), JCP -2% (Vornado Realty disclosed 6.1% stake in amended 13D filing out last night; confirms selling 10 mln share block trade at $16.03 on 3/4 to DB). Analyst related: Upgrades: DF 2.5% (upgraded to Outperform from Neutral at Credit Suisse ), BBY 3.5% (upgraded to Buy from Hold at Jefferies)... Misc: CHS 0.4% ( initiated with a Buy at Maxim), YUM 0.9% (Hearing positive OTR Global mention)
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