Gapping down
In reaction to disappointing earnings/guidance: TUP -10.6%, VMW -10.1%, (CFO/COO Chadwick leaves the company; also disclosed plans to streamline its operations; total savings estimated to be between $55-65 mln), LCI -9.7%, TSS -8.7%, (to acquire TransFirst), SC -8.6%, X -7.9%, CLF-7.9%, BA -6.6%, ERIC -5.6%, AAPL -3.6%, NVS -3.5%, FCAU -2.9%, T -2.4%, STOR -2.4%, HES -2.3%, TAP -2%, (Molson Coors Brewing sees Q4 EPS of $0.46-0.52 vs. $0.54 Capital IQ Consensus Est, sees revs of $830-860 mln vs $850.3 mln consensus; co raises 2015 free cash flow guidance to $690-720 mln, up from $550-605 mln ), RACE -1.9%, UTX -1.9%, EMC -1.2%, BAH -0.9%, PLCM -0.8%, CB -0.6%
Select EU Financial related names trading lower: RBS -4.4% (provides FY15 trading update; sees impairment), BCS -3.1%, CS -1.8%, ING -1.5%,DB -1.4%, HSBC -0.9%
Select AAPL value chain related names showing weakness: ARMH -2.2%, SWKS -2%, STX -1.3%, ASML -0.9%, WDC -0.6%
Select metals/mining stocks trading lower: BHP -4.4%, BBL -3.6%, MT -3.6%, RIO -1.2%, FCX -1%, ABX -0.7%, AA -0.6%
Select oil/gas related names showing early weakness: XCO -4.2%, WLL -3.6%, APC -2.9%, BP -1.7%, XOM -1.6%, RIG -1.5%, SLB -1.3%,RDS.A -1.1%, TOT -0.5%, .
Other news: CLR -6.6% (announces $920 mln in non-acquisition capex for 2016, 66% reduction Y/Y; expects average production of ~200k Boe/day for 2016), RBS -4.4% (provides FY15 trading update; sees impairment), KMI -2.1% (closes on a three-year, unsecured $1 billion term loan and a $1 billion expansion of its unsecured revolving credit facility ), TAP -2% (commenced an underwritten public offering of $2.35 bln in shares of Class B Common Stock), BXLT -1.8% (Baxalta commences ~$1.45 bln secondary offering of common stock owned by former parent company Baxter International (BAX)), WYNN -1.6% (Wynn Resorts sends letter to Leighton Contractors in light of concerns with the progress pertaining to Wynn Palace in Macau), VC -1.3% (announced Jeffrey Stafeil to leave co after replacement CFO is found, targeted end 1Q16), NFLX -1.3% (still checking), EMC -1.2% (EMC announced that CFO Zane Rowe will move to VMware to serve as CFO effective March 1-appointment is made as EMC prepares to complete its previously announced combination with Dell ), SHPG -1% (Shire plc trading lower in after hours with Baxalta)
Analyst comments: TRIP -5.9% (downgraded to Sell from Neutral at Goldman), PCLN -3.5% (downgraded to Neutral from Buy at Goldman), BBBY-2.9% (downgraded to Underweight from Sector Weight at KeyBanc Capital Mkts; downgraded to Sell from Neutral at Citigroup), DWA -2.6% (downgraded to Sell at Topeka Capital Markets), AUY -2.5% (downgraded to Neutral from Overweight at JP Morgan ), HRZN -2.2% (downgraded to Mkt Perform from Outperform at Raymond James), MDVN -1.9% (downgraded to Hold from Buy at Canaccord Genuity), STX -1.3% (initiated with a Sell at Citigroup)
In reaction to disappointing earnings/guidance: TUP -10.6%, VMW -10.1%, (CFO/COO Chadwick leaves the company; also disclosed plans to streamline its operations; total savings estimated to be between $55-65 mln), LCI -9.7%, TSS -8.7%, (to acquire TransFirst), SC -8.6%, X -7.9%, CLF-7.9%, BA -6.6%, ERIC -5.6%, AAPL -3.6%, NVS -3.5%, FCAU -2.9%, T -2.4%, STOR -2.4%, HES -2.3%, TAP -2%, (Molson Coors Brewing sees Q4 EPS of $0.46-0.52 vs. $0.54 Capital IQ Consensus Est, sees revs of $830-860 mln vs $850.3 mln consensus; co raises 2015 free cash flow guidance to $690-720 mln, up from $550-605 mln ), RACE -1.9%, UTX -1.9%, EMC -1.2%, BAH -0.9%, PLCM -0.8%, CB -0.6%
Select EU Financial related names trading lower: RBS -4.4% (provides FY15 trading update; sees impairment), BCS -3.1%, CS -1.8%, ING -1.5%,DB -1.4%, HSBC -0.9%
Select AAPL value chain related names showing weakness: ARMH -2.2%, SWKS -2%, STX -1.3%, ASML -0.9%, WDC -0.6%
Select metals/mining stocks trading lower: BHP -4.4%, BBL -3.6%, MT -3.6%, RIO -1.2%, FCX -1%, ABX -0.7%, AA -0.6%
Select oil/gas related names showing early weakness: XCO -4.2%, WLL -3.6%, APC -2.9%, BP -1.7%, XOM -1.6%, RIG -1.5%, SLB -1.3%,RDS.A -1.1%, TOT -0.5%, .
Other news: CLR -6.6% (announces $920 mln in non-acquisition capex for 2016, 66% reduction Y/Y; expects average production of ~200k Boe/day for 2016), RBS -4.4% (provides FY15 trading update; sees impairment), KMI -2.1% (closes on a three-year, unsecured $1 billion term loan and a $1 billion expansion of its unsecured revolving credit facility ), TAP -2% (commenced an underwritten public offering of $2.35 bln in shares of Class B Common Stock), BXLT -1.8% (Baxalta commences ~$1.45 bln secondary offering of common stock owned by former parent company Baxter International (BAX)), WYNN -1.6% (Wynn Resorts sends letter to Leighton Contractors in light of concerns with the progress pertaining to Wynn Palace in Macau), VC -1.3% (announced Jeffrey Stafeil to leave co after replacement CFO is found, targeted end 1Q16), NFLX -1.3% (still checking), EMC -1.2% (EMC announced that CFO Zane Rowe will move to VMware to serve as CFO effective March 1-appointment is made as EMC prepares to complete its previously announced combination with Dell ), SHPG -1% (Shire plc trading lower in after hours with Baxalta)
Analyst comments: TRIP -5.9% (downgraded to Sell from Neutral at Goldman), PCLN -3.5% (downgraded to Neutral from Buy at Goldman), BBBY-2.9% (downgraded to Underweight from Sector Weight at KeyBanc Capital Mkts; downgraded to Sell from Neutral at Citigroup), DWA -2.6% (downgraded to Sell at Topeka Capital Markets), AUY -2.5% (downgraded to Neutral from Overweight at JP Morgan ), HRZN -2.2% (downgraded to Mkt Perform from Outperform at Raymond James), MDVN -1.9% (downgraded to Hold from Buy at Canaccord Genuity), STX -1.3% (initiated with a Sell at Citigroup)