The consumer discretionary group is in-line with 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) 0.7%.
Trading higher following earnings/guidance: ZUMZ +4.9%, MAR +2.3%, CCE +0.7%... Trading lower following earnings/guidance: BKS -5.7%... Near unchanged mark following earnings/guidance: CPB. Other notable mentions: COCO flat (approved a plan to sell its WyoTech campuses in Sacramento, California and Daytona Beach, Florida; seeking potential buyers; co to occur charge)... Leaders: JOEZ 2.4% (entered into a new multi-year international distribution arrangement with Advanced Retail for France), BONT 5.8% (Bon-Ton Stores reports that Alliance Data to acquire $475 mln private label credit card portfolio of BONT)... Laggards: P -4.3% (lower on reports that Spotify will offer competing free mobile radio service), PEB -1.4% (announces public offering of common shares), JCP -10.2% (announces departure of Michael Francis), PBY -1.1% (announces resignation of CFO Raymond L. Arthur). Analyst related:
Upgrades: CTRN 7.8% (upgraded to Positive from Neutral at Susquehanna), SONC 2.8% (upgraded to Buy from Neutral at Sterne Agee)... Downgrades: EXPE -2% (downgraded to Neutral from Overweight at Piper Jaffray), EAT -2.7% (downgraded to Outperform from Strong Buy at Raymond James), MNST -2.1% (downgraded to Underperform at Credit Agricole)... Misc: TRIP -1.2% (initiated with a Neutral at Citigroup).