Gapping down
M&A news: PBY -2.6% (Bridgestone will not counter latest Carl Icahn bid of $18.50/share).
Select metals/mining stocks trading lower: AU -2.9%, BHP -1.2%, BBL -0.7%, RIO -0.2%.
Select oil/gas related names showing early weakness: LINE -6.5%, WLL -4.7%, CHK -4.6%, DO -2.5%, SLB -1.8%, NE -1.7%, COP -1.6%, HES -1.5%, CVX -1.4%, KMI -1.3%, STO -1.2%, XOM -1.2%, BP -1%, RIG -0.8%.
A few Brazil ADRs are lower on light volume: SID -3.5%, BAK -3.1%, VIV -2.6%, PBR -3.2%, GGB -2.5%, BRFS -2.2%
Other news: ENZN -23.1% (trading ex-dividend), AVXL -6.1% (cautious blog mention), INVT -5.1% (following yesterday's ~75% move higher), FXCM -3% (following this week's surge higher), FCX -2.4% (still checking), CENX -2.1% (will delist from the Iceland Stock Exchange; will remain listed on NASDAQ), CLIR -2% (filed $30 mln mixed securities shelf offering), HSBC -1.4% (weakness in overseas trading),BCS -1.1% (still checking), CMCM -0.5% (enters into a new strategic cooperation agreement with Tencent), TERP -0.3% (SunEdison acquires a 33% ownership interest in a 336 megawatt DC portfolio of operating solar power plants from Dominion (D), transfers interest to Terra Nova Renewable Partners), BAC -0.2% (redeems $2 bln of trust preferred securities), FB -0.2% (Reuters details a court ruling that Facebook (FB) must face two shareholder lawsuits stemming from its 2012 IPO).
Analyst comments: STEM -4.4% (ticking lower, target lowered to $1.50 from $2.10 at H.C. Wainwright following news of strategic realignment), VNR -0.6% (downgraded to Equal-Weight from Overweight at Morgan Stanley), DDD -0.5% (target lowered to $14 at Needham -- Consumer exit is one step in what should be a long road to recovery).
Select metals/mining stocks trading lower: AU -2.9%, BHP -1.2%, BBL -0.7%, RIO -0.2%.
Select oil/gas related names showing early weakness: LINE -6.5%, WLL -4.7%, CHK -4.6%, DO -2.5%, SLB -1.8%, NE -1.7%, COP -1.6%, HES -1.5%, CVX -1.4%, KMI -1.3%, STO -1.2%, XOM -1.2%, BP -1%, RIG -0.8%.
A few Brazil ADRs are lower on light volume: SID -3.5%, BAK -3.1%, VIV -2.6%, PBR -3.2%, GGB -2.5%, BRFS -2.2%
Other news: ENZN -23.1% (trading ex-dividend), AVXL -6.1% (cautious blog mention), INVT -5.1% (following yesterday's ~75% move higher), FXCM -3% (following this week's surge higher), FCX -2.4% (still checking), CENX -2.1% (will delist from the Iceland Stock Exchange; will remain listed on NASDAQ), CLIR -2% (filed $30 mln mixed securities shelf offering), HSBC -1.4% (weakness in overseas trading),BCS -1.1% (still checking), CMCM -0.5% (enters into a new strategic cooperation agreement with Tencent), TERP -0.3% (SunEdison acquires a 33% ownership interest in a 336 megawatt DC portfolio of operating solar power plants from Dominion (D), transfers interest to Terra Nova Renewable Partners), BAC -0.2% (redeems $2 bln of trust preferred securities), FB -0.2% (Reuters details a court ruling that Facebook (FB) must face two shareholder lawsuits stemming from its 2012 IPO).
Analyst comments: STEM -4.4% (ticking lower, target lowered to $1.50 from $2.10 at H.C. Wainwright following news of strategic realignment), VNR -0.6% (downgraded to Equal-Weight from Overweight at Morgan Stanley), DDD -0.5% (target lowered to $14 at Needham -- Consumer exit is one step in what should be a long road to recovery).