Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- AFI -12.3%
Select EU financial related names showing weakness in sympathy with DB (EUR8 bln capital raise) :
- CS -3.4%, RBS -2%, LYG -1.5%
Select metals/mining stocks trading lower following China's lowered GDP outlook to ~+6.5%:
- HMY -2.5%, FCX -2.5%, BBL -2.5%, X -2.5%, RIO -2.1%, BHP -1.9%, AKS -1.7%, MT -1.2%, AU -1%
Other news:
- DRYS -8% (discloses stock purchase agreement update)
- TSN -2.4% (WSJ discusses that bird flu was found in chicken farm linked to Tyson Foods)
- CMG -1.3% (files for 2,882,463 share common stock offering by selling shareholder)
- TEVA -1.1% (continued weakness)
- DB -0.9% (announces capital increase of EUR8 bln, refines strategy; announces new financial targets)
Analyst comments:
- GPRO -2.7% (downgraded to Sell from Neutral at Goldman)
- MET -1.1% (downgraded to Neutral from Buy at BofA/Merrill)
- PG -0.8% (downgraded to Neutral from Buy at B. Riley)