Gapping down
In reaction to disappointing earnings/guidance:
- CVA -17.8% (lowers future dividends; withdraws 2020 guidance), FLDM -2.9% (sees Q1 revs below consensus; withdraws 2020 guidance), BAC -2.8%, USB -2.2%, ASML -1.9%, GS -1.7%, ILMN -1.6% (sees Q1 revs above consensus; withdraws 2020 guidance), PNC -0.5%
Select ETFs showing early weakness:
- USO -5.2%, XLE -3.3%, IGV -2.4%, IWM -2.3%, SPY -1.5%, XLK -1.4%, DIA -1.3%, SLV -0.9%, QQQ -0.8%, .
Other news:
- CCL -2.2% (Princess Cruises and Seabourn extend temporary pauses of global ops thru June 30)
- GLAD -1.6% (lowers monthly cash distributions for April, May and June)
Analyst comments:
- AEO -5.5% (downgraded to Sell from Hold at Loop Capital),
- V -2.9% (downgraded to Hold from Buy at Jefferies)
- MA -2.3% (downgraded to Hold from Buy at Jefferies)
- TSCO -1.7% (downgraded to Neutral from Outperform at Wedbush)
- SCHW -1.1% (downgraded to Neutral from Buy at Citigroup)