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Re: ManicTrader post# 266873

Tuesday, 09/04/2012 10:20:40 AM

Tuesday, September 04, 2012 10:20:40 AM

Post# of 2804248
SUMRX Sector Summary: S&P Consumer Discretionary Index -0.1%, in-line with the broader market

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) -0.2% and the SPDR S&P Retail ETF (XRT) 0.3%.

Trading higher following earnings/guidance: CPB +2.5%, SFD +1.4%.

Other notable mentions: DV flat (acquires Faculdade do Vale do Ipojuca; financial terms not disclosed), GPI flat (incurs damages from Hurricane Isaac)... Leaders: TUES 1.1% (appoints Brady Churches Chief Executive Officer), AMZN 0.6% (Amazon.com and EPIX announce new Prime instant video agreement)... Laggards: AXL -1.7% (announces proposed senior notes offering; commences tender offer and consent solicitation for its 5.25% Senior Notes due 2014), GM -0.8% (General Motors FMCS statement on mediation between General Motors and workers in Bogota, Colombia), RSH -0.4% (RadioShack and Leap Wireless' Cricket Communications team up to launch RadioShack no-contract wireless service), TOL -0.8% (subsidiary proposes private offering of $250 mln aggregate principal amount of Exchangeable Senior Notes due 2032).

Analyst related: Upgrades: TIVO 5% (upgraded to Overweight from Neutral at JPMorgan), NWSA 0.3% (upgraded to Overweight from Equal Weight at Barclays), GME 5.6% (upgraded to Buy from Neutral at Goldman), CAG 1.6% (upgraded to Overweight from Neutral at JPMorgan), CKEC 6.6% (upgraded to Average from Below Average at Caris)... Downgrades: GIS -0.3% (downgraded to Neutral from Overweight at JPMorgan)... Misc: AZO -0.6% (removed from Conviction Buy list at Goldman).

Read more: https://www.briefing.com/Platinum/InDepth/InPlay.htm#ixzz25VjNpkFQ

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