The consumer discretionary group is in-line with the broader market in early trade. The retail group is also in the green with the Retail HOLDRS Trust (RTH) up 0.7% and the SPDR S&P Retail ETF (XRT) up 1.1%.
Trading higher following earnings/guidance: APP +8.4%, DG +2.3%, AN +1.9%, YUM +0.8%... Other notable mentions: Rentrak (RENT) announced a StationView Essentials contract with Prime Cities Broadcasting for its Fox-affiliate stations, KNDX in Bismarck and KXND in Minot, North Dakota... Leaders: Talbots (TLB +4.6%) CEO to retire; Board forms search committee... Collective Brands (PSS +3.3%) higher following NYPost story suggesting potential M&A... Staples (SPLS +2.2%) early strength attributed to positive mention in Barron's... Laggards: Barron's discusses Shutterfly (SFLY -3.9%) selloff, suggesting the selling could continue... MTR Gaming (MNTG -2.9%) announced the appointment of two key executives.
Analyst related: Upgrades: eBay (EBAY +4.0%) upgraded to Strong Buy at Raymond James. Dunkin Brands (DNKN +1.0%) upgraded to Outperform from Market Perform at Raymond James. Gannett (GCI +6.6%) upgraded to Buy from Neutral at Lazard. IMAX (IMAX +5.3%) upgraded to Buy at Stifel Nicolaus. Dole Food (DOLE +5.9%) upgraded to Outperform from Market Perform at Wells Fargo. Time Warner Cable (TWC +1.2%) upgraded to Outperform from Market Perform at Wells Fargo. Time Warner Cable and Comcast (CMCSA +1.4%) upgraded at Stifel. DR Horton (DHI +2.2%) upgraded to Overweight from Equal Weight at Barclays. American Eagle (AEO +2.9%) upgraded to Outperform from Market Perform at BMO Capital and upgraded to Equal Weight from Underweight at Morgan Stanley. LinkedIn (LNKD +1.5%) upgraded to Equal Weight from Underweight at Evercore. Intl Game Tech (IGT +2.2%) upgraded to Buy at boutique firm. Denny's (DENN +4.8%) upgraded to Strong Buy at Feltl... Downgrades: Nike (NKE +0.8%) downgraded to Hold from Buy at McAdams Wright Ragen. Dreamworks Animation (DWA -0.8%) downgraded to Neutral from Overweight at Piper Jaffray. Papa John's (PZZA -2.2%) downgraded to Sell, Domino's Pizza (DPZ -0.6%), Buffalo Wild Wings (BWLD -1.0%) downgraded to Hold at Feltl... Misc: TiVo (TIVO +2.7%) initiated with a Buy at UBS.






