Gapping down
In reaction to disappointing earnings/guidance: GES -10.9%, CTRP -8%, QUNR -7.2%, JBL -6.5%, WSM -5.9%, (also announces $500 mln stock repurchase; increases dividend 6%), CAT -3.3%, (provided downside Q1 guidance and reaffirmed 2016 at conference) GSOL -1.1%
Select EU financial related names showing weakness: DB -3.7%, CS -2.9%, ING -2.5%, BCS -1.7%, HSBC -1.6%, SAN -1.3%
Other news: SXE -57.9% (files to delay Form 10-K), SALT -19.6% ( commences 21 mln common stock offering ), ORPN -15.4% (pricing of $6.7 mln registered direct offering for $3.10/share), MDLZ -2.4% (Pershing Square sells 20 mln shares, says has no current plans to sell any other investments), SUNE -1.9% (cont vol pre-mkt), CNHI -1.7% (in symp with CAT), FLEX -1.3% (following JBL results), DE -1.3% (in symp with CAT), AMZN -0.9% (following late move lower after CRN article stating that Apple (AAPL) will start using Google's Cloud Platform, trimming its use of Amazon Web Services), NUAN -0.6% (Carl Icahn affirms reduced 9.88% stake (Prior 11.32%), SNY -0.6% (follow through after the REGN/AMGN patent case result)
Analyst comments: CMG -1.3% (downgraded to Underperform from Hold at Jefferies), IHG -1.1% (downgraded to Equal Weight from Overweight at Morgan Stanley ), DEO -0.5% (downgraded to Hold from Buy at Deutsche Bank)