Gapping down
In reaction to disappointing earnings/guidance:
- ATEN -15.2%, BGG -11.8%, FII -8.9%, INTC -7.5%, BEAT -5.5%, RBS -4.6%, SGEN -4.3%, AAL -4.2%, SIVB -3.8%, NR -3.8%, VCRA -3.6%, MOBL -3.5%, INT -3.4%, FTV -3.1%, PFPT -2.9%, DB -2.9%, UHS -2.8%, XOM -2.7%, WY -2.6%, LEA -2.5%, ILMN -2.3%, AFL -2.1%, TYPE -2.1%, CIGI -2.1%, AZN -2%, MHK -1.9%, NOV -1.9%, ENVA -1.7%, ADM -1.7%, TOT -1.3%, GCAP -1.1%, EMN -0.8%, LYB -0.7%, RGEN -0.6%
Select Semiconductor related names showing weakness:
- MU -3.7%, NVDA -3.1%, ON -2.9%, UCTT -2.1%, SMH -2%, SOXX -2%, STM -1.9%, MRVL -1.6%, LRCX -1.5%, AVGO -1.3%, QCOM -1.2%, ADI -0.9%
Other news:
- INTU -4.9% (reports 7% increase in TurboTax Online units season-to-date; updates Consumer Group revenue guidance)
- TTNP -3.8% (discloses entry into Sales Agreement pursuant to which it may offer and sell, from time to time shares of common stock having an aggregate offering price of up to $25 mln)
- ONCE -2.4% (Spark Therapeutics & Roche (RHHBY) announce withdrawal and refiling of Premerger Notification and Report Form)
- TGT -1.7% (pulling back following AMZN results and free one day shipping plans)
- WMT -1.5% (pulling back following AMZN results and free one day shipping plans)
Analyst comments:
- WDC -4.2% (downgraded to Underperform from Neutral at Robert W. Baird)
- FDX -1.9% (downgraded to Sell from Neutral at UBS)
- PATK -1.4% (downgraded to Underperform from Buy at BofA/Merrill)
- LAD -0.7% (downgraded to Neutral from Buy at BofA/Merrill)
- CDW -0.6% (downgraded to Neutral from Buy at Northcoast)