Gapping down
In reaction to disappointing earnings/guidance: CYOU -5.9%, MTU -4.3%, ROP -3.9%
M&A news: D -2.4% (agreed to pay Questar (STR) shareholders $25 per share -- about $4.4 bln -- and assume Questar's outstanding debt)
Select financial related names showing weakness: HSBC -3.1%, CS -3.1%, RBS -2.3%, BCS -2.2%, BAC -1.1%
Select metals/mining stocks trading lower: MTL -16.5%, MT -4.2%, VALE -3.7%, RIO -3.4%, BBL -2.9%, BHP -2.7%
Select oil/gas related names showing early weakness: SDRL -4.3%, BP -4.1%, PTR -4.1%, RIG -3.9%, MRO -3.4%,RDS.A -2.9%, CHK -2.7%, TOT -2.5%, STO -2.4%, COP -2.1%, APA -2%, APC -1.8%, SLB -1.8%
Other news: NOK -11.8% (settles patent dispute with Samsung (SSNLF); also downgraded to Neutral from Buy at BofA/Merrill), ALU -11.7% (in symp with NOK), CNX -11% (pulling back pre-mkt following last week's strength), LUX -7.7% (follow thru weakness after posting earnings on Friday), NEOS -7.6% (files $69 mln common stock offering), SZYM -6.7% (discloses reduction in headcount that is expected to reduce the number of employees by more than 20%; anticipates recording a charge of ~$1-1.5 mln in Q1), PUK -4.2% (still checking), TSLA -3.2% (Elon Musk filed Form 4 (Friday, AH), exercised 532K share option), SNN -3% (announces CEO has been diagnosed with treatable form of cancer; will remain actively involved in running co), SUNE -2.6% (cont pre-mkt vol), X -2.1% (ratings lowered at S&P to 'B' on weak credit measures, outlook negative), RACE -2% (cont pre-mkt vol)
Analyst comments: GPRO -5.2% (target lowered to $7.50 from $9 at Piper Jaffray), ARR -1.5% (downgraded to Underweight from Equal Weight at Barclays)
In reaction to disappointing earnings/guidance: CYOU -5.9%, MTU -4.3%, ROP -3.9%
M&A news: D -2.4% (agreed to pay Questar (STR) shareholders $25 per share -- about $4.4 bln -- and assume Questar's outstanding debt)
Select financial related names showing weakness: HSBC -3.1%, CS -3.1%, RBS -2.3%, BCS -2.2%, BAC -1.1%
Select metals/mining stocks trading lower: MTL -16.5%, MT -4.2%, VALE -3.7%, RIO -3.4%, BBL -2.9%, BHP -2.7%
Select oil/gas related names showing early weakness: SDRL -4.3%, BP -4.1%, PTR -4.1%, RIG -3.9%, MRO -3.4%,RDS.A -2.9%, CHK -2.7%, TOT -2.5%, STO -2.4%, COP -2.1%, APA -2%, APC -1.8%, SLB -1.8%
Other news: NOK -11.8% (settles patent dispute with Samsung (SSNLF); also downgraded to Neutral from Buy at BofA/Merrill), ALU -11.7% (in symp with NOK), CNX -11% (pulling back pre-mkt following last week's strength), LUX -7.7% (follow thru weakness after posting earnings on Friday), NEOS -7.6% (files $69 mln common stock offering), SZYM -6.7% (discloses reduction in headcount that is expected to reduce the number of employees by more than 20%; anticipates recording a charge of ~$1-1.5 mln in Q1), PUK -4.2% (still checking), TSLA -3.2% (Elon Musk filed Form 4 (Friday, AH), exercised 532K share option), SNN -3% (announces CEO has been diagnosed with treatable form of cancer; will remain actively involved in running co), SUNE -2.6% (cont pre-mkt vol), X -2.1% (ratings lowered at S&P to 'B' on weak credit measures, outlook negative), RACE -2% (cont pre-mkt vol)
Analyst comments: GPRO -5.2% (target lowered to $7.50 from $9 at Piper Jaffray), ARR -1.5% (downgraded to Underweight from Equal Weight at Barclays)