Gapping down
In reaction to disappointing earnings/guidance: BBT -5.5%, XRS -2.9%, PHG -1.9%, CPB -0.7%, HAS -0.4%.
M&A news: TWX -0.9% (21st Century Fox may sell stake in Sky Deutschland (SKDTY) to British Sky Broadcasting (BSYBY) to support Time Warner (TWX) deal, according to reports).
Select EU financial related names showing weakness: NBG -3.8%, DB -1.7%, SAN -1.1%, LYG -1%, BCS -0.8%.
Select tobacco related stocks trading lower after RAI was ordered to pay $23 bln over lung cancer death, according to reports: RAI -2.8%, LO -2.3%, MO -1.7%, PM -1.2%.
Select big pharma names showing early weakness: SHPG -1.4%, GSK -1%, NVO -0.9%, NVS -0.6%.
Other news: YUM -1.8% (may get involved in another food safety issue in China, according to reports), APP -1.8% (Standard General filed amended 13D; working with the Issuer to restructure the loan), CLDN -1.1% (announces in-license of Stem Cell Factor development program), MCD -1% (reports of a new food scandal in China), LFL -0.5% (lowers its FY14 operating margin guidance).
Analyst comments: MNST -1.8% (downgraded to Equal-Weight from Overweight at Morgan Stanley), IGT -0.9% (downgraded to Hold from Buy at Stifel), RH -0.7% (downgraded to Hold from Buy at BB&T Capital Mkts).
M&A news: TWX -0.9% (21st Century Fox may sell stake in Sky Deutschland (SKDTY) to British Sky Broadcasting (BSYBY) to support Time Warner (TWX) deal, according to reports).
Select EU financial related names showing weakness: NBG -3.8%, DB -1.7%, SAN -1.1%, LYG -1%, BCS -0.8%.
Select tobacco related stocks trading lower after RAI was ordered to pay $23 bln over lung cancer death, according to reports: RAI -2.8%, LO -2.3%, MO -1.7%, PM -1.2%.
Select big pharma names showing early weakness: SHPG -1.4%, GSK -1%, NVO -0.9%, NVS -0.6%.
Other news: YUM -1.8% (may get involved in another food safety issue in China, according to reports), APP -1.8% (Standard General filed amended 13D; working with the Issuer to restructure the loan), CLDN -1.1% (announces in-license of Stem Cell Factor development program), MCD -1% (reports of a new food scandal in China), LFL -0.5% (lowers its FY14 operating margin guidance).
Analyst comments: MNST -1.8% (downgraded to Equal-Weight from Overweight at Morgan Stanley), IGT -0.9% (downgraded to Hold from Buy at Stifel), RH -0.7% (downgraded to Hold from Buy at BB&T Capital Mkts).