Gapping down
In reaction to disappointing earnings/guidance:
- TSG -4.3%
Select financial related names showing weakness:
- DB -4.2%, HSBC -3%, ING -2.1%, C -1.8%, BAC -1.6%, MS -1.3%, GS -0.9%
Select Argentina related stocks trading lower:
- SUPV -36.2%, GGAL -35.6%, YPF -31.1%, BMA -30.1%, PAM -28.5%, CEPU -26.3%, DESP -18.4%, MELI -5.7%, ARCO -3.8%, IRS -1.6%
Other news:
- CTST -25.6% (received a report from Health Canada notifying the Company that its manufacturing facility in Vaughan, Ontario has been rated non-compliant with certain regulations)
- ETM -14.7% (cuts quarterly dividend to $0.02/share from $0.09/share)
- NIO -2.6% (July deliveries)
- HIMX -1.7% (continued weakness)
- LITE -0.9% (continued volatility)
Analyst comments:
- LTHM -5% (downgraded to Underperform from Neutral at BofA/Merrill)
- IOTS -4.4% (downgraded to Market Perform from Outperform at Northland Capital)
- MTW -3% (downgraded to Neutral from Outperform at Robert W. Baird)
- OXY -1.3% (downgraded to In-line from Outperform at Evercore ISI)
- SCM -0.5% (downgraded to Perform from Outperform at Oppenheimer)