Gapping down
Select large pharma showing early weakness : SNY -2.3%, NVS -2.3%, NVO -1.8%, LLY -1.8%, GSK -1.5%, SHPG -0.9%
M&A news: DSKY -7.3% (CEO/Chrmn offered to take the co private for $14.00 in cash/ADS), UTX -2% (to spin off helicopter business; will pursue a separation of Sikorsky from the rest of UTC; revises guidance)
Select EU financial related names showing weakness: DB -3.3%, ING -3.3%, RBS -2.9%, HSBC -1.9%, BCS -1.8%
Select metals/mining stocks trading lower: SCCO -5.6%, MT -2.4%, FCX -2.3%, BHP -1.5%, GFI -1.3%, GDX -0.5%
Select oil/gas related names showing early weakness: STO -2.2%, RIG -1.5%, BP -1.3%, SDRL -1.1%, MRO -0.8%
Other news: NBG -15.6% (negotiations betw Greece and creditors broke off over wkend), UBS -1.5% (files for offering of debt securities and warrants, size not disclosed), NFLX -1.2% (Alibaba (BABA) may soon introduce its own streaming service, according to Reuters), .
Analyst comments: SCSS -3.1% (downgraded to Neutral from Outperform at Wedbush), MU -2.9% (downgraded to Underweight from Equal-Weight at Morgan Stanley), SNDK -1.6% (downgraded to Equal-Weight from Overweight at Morgan Stanley
)
Select large pharma showing early weakness : SNY -2.3%, NVS -2.3%, NVO -1.8%, LLY -1.8%, GSK -1.5%, SHPG -0.9%
M&A news: DSKY -7.3% (CEO/Chrmn offered to take the co private for $14.00 in cash/ADS), UTX -2% (to spin off helicopter business; will pursue a separation of Sikorsky from the rest of UTC; revises guidance)
Select EU financial related names showing weakness: DB -3.3%, ING -3.3%, RBS -2.9%, HSBC -1.9%, BCS -1.8%
Select metals/mining stocks trading lower: SCCO -5.6%, MT -2.4%, FCX -2.3%, BHP -1.5%, GFI -1.3%, GDX -0.5%
Select oil/gas related names showing early weakness: STO -2.2%, RIG -1.5%, BP -1.3%, SDRL -1.1%, MRO -0.8%
Other news: NBG -15.6% (negotiations betw Greece and creditors broke off over wkend), UBS -1.5% (files for offering of debt securities and warrants, size not disclosed), NFLX -1.2% (Alibaba (BABA) may soon introduce its own streaming service, according to Reuters), .
Analyst comments: SCSS -3.1% (downgraded to Neutral from Outperform at Wedbush), MU -2.9% (downgraded to Underweight from Equal-Weight at Morgan Stanley), SNDK -1.6% (downgraded to Equal-Weight from Overweight at Morgan Stanley
)