>>> US Gapping down

Gapping down
In reaction to earnings/guidance:
  • CALX -15.8%, JBLU -9.6%, XRX -7.1%, SSD -6.8%, MSCI -6.7%, NUE -6.1%, CDNS -5.9%, PKG -5.2%, LKQ -3.9%, KNSA -3.9%, IVZ -3.7%, SHW -3.6%, VERX -2.5% (also $250 mln convertible senior notes offering) WBS -2.5%, CLF -2.4% (also authorizes $1.5 bln for repurchases), CBU -2.1%, BANC -1.4%, ZGN -1.3% (Q1 revs), PM -0.9%, NEE -0.8%
Other news:
  • ABEO -48.4% (provides regulatory update on Pz-cel)
  • SSL -11.6% (reports 9-month production results)
  • FATE -4.2% (presentation of FT819 Proof-of-Concept data)
  • TPR -0.7% (FTC to block acquisition of CPRI; responds to FTC)
  • BLD -0.7% (mutually terminates agreement to acquire Specialty Products and Insulation)
  • WOLF -0.6% (Comments on Letter from JANA Partners)
Analyst comments:
  • MP -2.6% (downgraded to Neutral from Overweight at JP Morgan)
  • NOVA -2.6% (downgraded to Sector Weight from Overweight at KeyBanc Capital Markets)
  • WBD -2.4% (downgraded to Underperform from Peer Perform at Wolfe Research)
  • FIVE -2.1% (downgraded to Neutral from Overweight at JP Morgan)
  • SPWR -1.9% (downgraded to In-line from Outperform at Evercore ISI)
  • XP -1% (downgraded to Equal-Weight from Overweight at Morgan Stanley)