>>> US Gapping down

Gapping down

In reaction to disappointing earnings/guidance:

  • VII -8.1% (thinly traded and ticking lower - filed to delay Form 10-K, disclosed preliminary FY16 results) 

Semi/tech names are pulling back with NVIDIA:

  • NVDA -2% (following yesterday's pullback on Citron report - also last night Andrew Left was on Fast Money)
  • iShares Semiconductor (SOXX) -0.2%
  • AMD -1.3% 
  • MU -0.2%

Other news:

  • CEMP -42.6% (Cempra receives Complete Response Letter from FDA for Solithromycin NDAs)
  • CNAT -1.5% (continuing yesterday's pullback-still up more than 15% on the week)
  • ALR -1.2% (ticking lower; Alere provides update on Arriva Medical billing privileges for Diabetes Testing Supplies; Arriva has filed an appeal - decision expected within three month)