Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- HIBB -13.9%, BKE -10.9%, JRJC -3.9%, EL -2.7%, GPS -2%
M&A news:
- EMR -4.9% (Emerson to acquire Pentair's Valves & Controls business for $3.15 bln)
Select financial related names showing weakness: DB -3.6%, SAN -2.9%, BBVA -2.7%, PUK -2.6%, ING -1.8%, BCS-1.5%, HSBC -0.9%, .
Select metals/mining stocks trading lower: SBGL -5%, AG -4.5%, MUX -3.8%, DRD -3.7%, BBL -2.3%, BHP -2.2%, AU-2.1%, GG -2.1%, GDX -2%, SLV -1.9%, RIO -1.9%, ABX -1.8%, NEM -1.6%, GFI -1.4%
Other news:
Select metals/mining stocks trading lower: SBGL -5%, AG -4.5%, MUX -3.8%, DRD -3.7%, BBL -2.3%, BHP -2.2%, AU-2.1%, GG -2.1%, GDX -2%, SLV -1.9%, RIO -1.9%, ABX -1.8%, NEM -1.6%, GFI -1.4%
Other news:
- FXCM -5.1% (CFTC charges Forex Capital Markets, LLC with undercapitalization, failing to timely report undercapitalization violation, and guaranteeing against customer losses ), STEM -3.6% (continued Volatility in pre-mkt)
- TWLO -3.2% (continued weakness)
- CSIQ -1.7% (pulling back slightly following yday's advance)
- ENDP -1.1% (President and CEO Rajiv De Silva enters into a Rule 10b5-1 stock trading plan in connection with his year-end tax planning; will sell up to 13,500 co shares in September 2016)
Analyst comments:
- AKS -4.3% (downgraded to Underweight from Sector Weight at KeyBanc Capital Mkts)
- X -3.1% (downgraded to Underweight from Sector Weight at KeyBanc Capital Mkts)
- SN -2.1% (downgraded to Accumulate from Buy at KLR Group)
- ABB -1.8% (downgraded to Hold from Buy at HSBC)