>>> US Gapping down

Gapping down
In reaction to disappointing earnings/guidance:

FMS -18.3% (guidance), TACO -6.7% (also issued downside guidance for FY18 EPS and revs), IBM -4.6%, ADTN -3.9%, UFPI -3.2%, NTRS -3.1%, IBKR -2.8%, SBH -2.2% (provided selected preliminary fourth quarter results, seeing same store sales improved to flat in Sally Beauty segment), ABT -2%, HCSG -0.9%

Other news:

EIGR -6.4% (announced 'positive' results from Phase 2 PREVENT study and announced that Phase 2 ULTRA study did not meet primary or secondary endpoints)

TEVA -3.4% (migraine drug to be excluded from Express Scripts' (ESRX) coverage, according to Reuters)

O -1.3% (appointed COO Sumit Roy to position of CEO and reaffirmed 2018 AFFO per share guidance of $3.16-3.21)

BHP -0.9% (reports Q3 copper production increased 2%; lowers FY18 production guidance by 3% amid outages)

ICFI -0.8% (won re-compete contract for USAID valued at over $200 mln)

EVH -0.8% (proposed offering of $125.0 mln aggregate principal amount of convertible senior notes due 2025)

Analyst comments:

SND -11% (downgraded to Underperform from Hold at Jefferies)

HCLP -8.9% (downgraded to Underperform from Hold at Jefferies)

SLCA -4.9% (downgraded to Hold from Buy at Jefferies)

KBH -2.6% (downgraded to Underperform from Neutral at Credit Suisse)

MLM -2.2% (downgraded to Neutral from Buy at BofA/Merrill)

LOW -2% (downgraded to Neutral from Outperform at Credit Suisse)

HD -1.2% (downgraded to Neutral from Outperform at Credit Suisse)

Click here to read the full comment.

Portfolio Ticker Matches: SCANX

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