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) -0.5% and the SPDR S&P Retail ETF (XRT) 0.4%. Trading higher following earnings/guidance: KBH +5.6%, DRI +4.6%, ADDYY +0.4%. Other notable mentions: Leaders: GRPN 2% (rebounding from late reports out indicating that Brandon Copple the managing editor left), SFLY 0.5% (will triple East Coast manufacturing operations with a new production facility ), GM 1.4% (CAW reaches tentative agreement with GM), CAG 0.7% (Barron's profiles positive view on ConAgra, upgraded at UBS).
Analyst related: Upgrades: EXPE 3.5% (upgraded to Buy from Hold at Deutsche Bank), AN 2.9% (upgraded to Buy from Neutral at BofA/Merrill), WTSLA 2.9% (and (KeyBanc downgrades tire makers CTB and GT to Hold as Chinsese tariff uncertainty likely to weigh on stocks), CTB -6.5% (KeyBanc downgrades tire makers CTB and GT to Hold as Chinsese tariff uncertainty likely to weigh on stocks), MMYT -0.3% (downgraded to Hold from Buy at Deutsche Bank)... Misc: JWN 0.3% (initiated with an Outperform at William Blair), ANGI -0.9% (initiated with a Hold at Deutsche Bank), BKW -0.1% (initiated with a Neutral at UBS), PCLN 1.2%, EXPE 3.5%, NFLX 1.3%, AMZN -0.4%, ACOM 0.8%, VCLK 1.5% (initiated with a Buy at Cantor Fitzgerald), OWW -0.4%, SFLY 0.5%, YELP/EBAY flat (initiated with a Hold at Cantor Fitzgerald), CMG 0.6% and DNKN flat (resumed with an Outperform at Wells Fargo).