Gapping down
In reaction to disappointing earnings/guidance:
- HIMX -7.4%, SQNS -6.1%, HLX -5.4%, SLCA -4.2%, HSBC -4%, LDOS -3.4%, CLR -3%, ALLE -2.8%, ONCE -2.4%, SAH -2.3%, RIG -2.1%, AAP -1.5%, WBT -1.2%, WTR -1%
Other news:
- WIN -57% (issues statement on court ruling in bondholder dispute)
- UNIT -38.2% (following negative court ruling for former parent Windstream (WIN -56%) relating to 2015 spin-off)
- CALA -9.1% (reports Phase 1 Study of Telaglenastat)
- DB -3.3% (likely in sympathy with peer HSBC)
- AZN -2.5% (modestly pulling back from last week's strength)
- CGC -2.5% (cautious view from Barrons)
- ERIC -1.9% (5G rollout could be delayed in Europe)
- NOK -1.9% (5G rollout could be delayed in Europe)
- PBR -1.3% (modestly pulling back from last week's strength)
- TLRY -1% (cautious view from Barrons)
Analyst comments:
- SFUN -11.3% (downgraded to Underperform from Neutral at BofA/Merrill)
- WTW -5.1% (downgraded to Neutral from Overweight at JP Morgan)
- CSX -1.7% (downgraded to Sector Perform from Outperform at RBC Capital Mkts),
- IRBT -1.7% (downgraded to Hold from Buy at Canaccord Genuity)
- PZZA -1.7% (downgraded to Sell from Hold at Stifel)
- AN -1.6% (initiated with an Underweight at JP Morgan)
- CCRN -1.6% (downgraded to Hold from Buy at SunTrust)
- TPIC -1.5% (downgraded to Neutral from Overweight at JP Morgan)
- VIPS -1.4% (downgraded to Neutral from Buy at BofA/Merrill)
- LULU -1.3% (downgraded to Neutral from Buy at Nomura)
- XPO -1.3% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
- ULTA -1.1% (downgraded to Neutral from Buy at Nomura)
- NSC -1% (downgraded to Underperform from Sector Perform at RBC Capital Mkts)
- HLT -0.7% (downgraded to In-line from Outperform at Evercore ISI)