Gapping down
In reaction to disappointing earnings/guidance:
- EDU -1.8%, TEN -1.2%, EGRX -0.8%, CORE -0.7%, NXPI -0.6%
M&A news:
- TAK -1.7% (agrees to divest select OTC and non-core assets in Latin America to Hypera Pharma for $825 mln)
Select travel related names showing early weakness:
- CCL -7.7%, NCLH -4.7%, RCL -3.5%, UAL -3%, AAL -2.2%, DAL -1.9%
Other news:
- LVS -1.8% (Macau Gaming reports February gross revs -87% yr/yr)
- TAK -1.7% (agrees to divest select OTC and non-core assets in Latin America to Hypera Pharma for $825 mln)
- NOK -1.0% (CEO steps down)
- WYNN -0.9% (Macau Gaming reports February gross revs -87% yr/yr)
- MGM -0.9% (Macau Gaming reports February gross revs -87% yr/yr)
Analyst comments:
- HSBC -2.4% (removed from Conviction Buy List at Goldman)
- ABB -1.8% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
- AAXN -1.8% (downgraded to In-line from Outperform at Imperial Capital)