$HIMR Construction: Hollund offers innovative heavy equipment solutions for the construction, maintenance and repair of offshore oil and gas platforms, bridges, dams and levees, ships and barges, water pumps, gate valves, water intake structures, as well as debris removal, pipeline installations, dredging, drilling and welding, salvage and recovery, inspections, and survey and sampling services.
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).