Gapping down:
In reaction to disappointing earnings/guidance: LEDS -9%, PBY -5.8%, HGG -3%, INFY -1.7%, AAN -1.5% (reduces 2014 first quarter revenue and earnings guidance; estimate severe winter weather will negatively impact EPS for the quarter $0.05-0.06; also announced acquisition and sent letter to shareholders).
Select financial related names showing weakness: BCS -1.3%, NBG -1.3%, RBS -1.1%, DB -0.5%, HSBC -0.4%.
Metals/mining stocks trading lower: AU -3.1%, AUQ -2.5%, TRQ -2.0%, AUY -2%, MT -1.9%, NEM -1.7%, GG -1.6%, GLD -1.4%, GDX -1.3%, SLW -1.2%, SLV -1.1%, AEM -1.1%, PAAS -0.6%.
A few telecom related names showing early modest weakness: PT -3.3%, CHL -1.6%, ORAN -1.2%.
Other news: NQ -5.9% (continued weakness),TTM -4.2% (weakness in overseas trading), RIO -1.7% (reports Q1 iron ore shipments increases 16% YoY), NGHC -0.6% ( files for 12.82 mln share common stock offering by selling shareholders), DEO -0.1% (Diageo plc launched tender offer for up to 26% of USL).
Analyst comments: PETM -1.4% (downgraded to Underperform from Neutral at BofA/Merrill), IBM -1.1% (downgraded to Neutral from Buy at Citigroup; tgt lowered to $200 from $235), ATHN -0.6% (reinstated with a Mkt Perform from Strong Buy at Raymond James)
Select financial related names showing weakness: BCS -1.3%, NBG -1.3%, RBS -1.1%, DB -0.5%, HSBC -0.4%.
Metals/mining stocks trading lower: AU -3.1%, AUQ -2.5%, TRQ -2.0%, AUY -2%, MT -1.9%, NEM -1.7%, GG -1.6%, GLD -1.4%, GDX -1.3%, SLW -1.2%, SLV -1.1%, AEM -1.1%, PAAS -0.6%.
A few telecom related names showing early modest weakness: PT -3.3%, CHL -1.6%, ORAN -1.2%.
Other news: NQ -5.9% (continued weakness),TTM -4.2% (weakness in overseas trading), RIO -1.7% (reports Q1 iron ore shipments increases 16% YoY), NGHC -0.6% ( files for 12.82 mln share common stock offering by selling shareholders), DEO -0.1% (Diageo plc launched tender offer for up to 26% of USL).
Analyst comments: PETM -1.4% (downgraded to Underperform from Neutral at BofA/Merrill), IBM -1.1% (downgraded to Neutral from Buy at Citigroup; tgt lowered to $200 from $235), ATHN -0.6% (reinstated with a Mkt Perform from Strong Buy at Raymond James)