Gapping down
In reaction to disappointing earnings/guidance:
- N/A.
Select China related names showing weakness:
- JD -3.2% (weakness in Shanghai overnight) BABA -1.8%, BIDU -1.5%, MOMO -1.4%, SOGO -0.7%
Other news:
- RMTI -2.2% (files $200 mln mixed securities shelf offering)
- AABA -0.5% (announces new share repurchase authorization of $5.75 bln, reaches agreement in principle to settle consumer class action litigation related to the Yahoo data breach)
Analyst comments:
- PBYI -4% (initiated with a Sell at Goldman)
- ARNC -1.1% (downgraded to Neutral from Buy at Longbow)
- TMO -1% (downgraded to Neutral at Goldman; also removed from Conviction Buy List)
- HRL -0.6% (downgraded to Market Perform from Outperform at BMO Capital Markets)
- V -0.5% (removed from Conviction Buy List at Goldman)
Je