>>> US Gapping down

Gapping down

In reaction to disappointing earnings/guidance: ASTC -21.8%, IHG -2.9%, KOOL -2.3%, WM -2.1%, KO -1.5%, DAKT -1.1%, (light volume).

Select oil/gas stocks trading lower: SDRL -3% (still checking), RIG -1% (recommends dividend of $3.00 per share and board reduced to 11), .

Brazil related names showing early weakness: EBR -6.0%, CPL -5.9%, ELP -4.2%, SBS -3.9%, GGB -3.6%, GFA -3.6%, SID -3.5%, BSBR -2.6%, ERJ -2.5%, PBR -1.9%, FBR -1.5%.

Other news: LIVE -9.2% (files $50 mln mixed securities shelf offering; files for 600k share common stock offering by selling shareholders), TTM -1.5% (still checking), NVO -1.5% (still checking).

Analyst comments: GALE -5.9% (downgraded to Sell from Buy at Cantor), KSU -1% (downgraded to Neutral from Overweight at JPMorgan), MTZ -0.5% (downgraded to Neutral at DA Davidson)