After Hours Summary: SONO +20%, SCVL +13.5%, NVDA -17%, WSM -12%, JWN -10%, AMAT -9% following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: SONO +19.8%, SCVL +13.5%
Companies trading higher in after hours in reaction to news: PCG +35.1% (massive rebound - being attributed to CPUC comments), EIX +7.6% (rebounding from multiyear lows with PCG), MTEM +4.3% (ticking higher; initiated with Outperform at Evercore ISI), BGCP +2.8% (Point72 increases passive stake), VIAB +2.1% (ahead of earnings), BMY +1.4% (receives positive CHMP opinion recommending approval of Opdivo plus low-dose Yervoy as first-line treatment for patients with intermediate- and poor-risk advanced renal cell carcinoma)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: NVDA -17.4%, WSM -12.1%, JWN -9.7%, AMAT -8.6%, GLOB -4.3%, HTHT -1.9%
Companies trading lower in after hours in reaction to news: MCF -12.3% (launches public offering of its common stock), GOGO -10.2% (announces $200 million convertible senior notes offering), SQ -2% (appointed Timothy Murphy and Mohit Daswani as Interim Co-Chief Financial Officers and Treasurers effective November 16), HCLP -0.8% (files for 11 mln common unit offering by selling unitholders; COO Scott Preston will be taking a temporary leave of absence from the Partnership), WMT -0.8% (continued weakness; Senators release details for Stop WALMART Act)
Semi/chip names are lower following NVDA / AMAT results (ETFs: SOXX -3.2%, SMH -3.1%): LRCX -4.4%, MU -3.4%, XLNX -2.3%, ADI -2.3%, CY -2.1%, INTC -1.3% (lower despite Board approving $15.0 bln increase to authorized stock repurchase program), AVGO -1.2%, NXPI -1.2%, TXN -1%, SWKS -0.7%