Gapping down
In reaction to disappointing earnings/guidance: SOHU -1.3%, GLRE -0.6%
Select EU financial related names showing weakness (Credit Suisse (unchanged) priced its capital raise - share offering today) : NBG -5.4%, DB -2.7%, SAN -1.4%, HSBC -1%
Other news: ZINC -11.9% (announces $50 mln at-the-market equity program), VRX -5.2% (conference call amid flurry of articles this weekend discussing Philidor and Valeant's purported relationship; issues a statement, confirming the appropriateness of related revenue recognition and accounting treatment for its arrangement with Philidor), X -1.9% (in symp with peer AKS dg),MA -1.8% (USAA to switch accounts to Visa (V) from Mastercard (MA)), SNY -1.6% (still checking), KMI -1.3% (offering of 32 mln depositary shares,), ASML -1.1% (small pullback following last week's strength)
Analyst comments: AKS -6% (downgraded to Underperform from Neutral at BofA/Merrill), JNPR -3.5% (downgraded to Hold at Stifel), ATHN -2.5% (downgraded to Hold at Topeka Capital Markets), AXP -2.1% (downgraded to Sell at UBS), JOE -2% (downgraded to Mkt Perform from Outperform at Raymond James), DSW -1.7% (downgraded to Hold at Canaccord Genuity), KORS-1.6% (downgraded to Market Perform from Outperform at Cowen), M -1% (downgraded to Market Perform from Outperform at Cowen), C -0.9% (downgraded to Equal-Weight from Overweight at Morgan Stanley), VTR -0.8% (downgraded to Hold from Buy at Evercore ISI
)
In reaction to disappointing earnings/guidance: SOHU -1.3%, GLRE -0.6%
Select EU financial related names showing weakness (Credit Suisse (unchanged) priced its capital raise - share offering today) : NBG -5.4%, DB -2.7%, SAN -1.4%, HSBC -1%
Other news: ZINC -11.9% (announces $50 mln at-the-market equity program), VRX -5.2% (conference call amid flurry of articles this weekend discussing Philidor and Valeant's purported relationship; issues a statement, confirming the appropriateness of related revenue recognition and accounting treatment for its arrangement with Philidor), X -1.9% (in symp with peer AKS dg),MA -1.8% (USAA to switch accounts to Visa (V) from Mastercard (MA)), SNY -1.6% (still checking), KMI -1.3% (offering of 32 mln depositary shares,), ASML -1.1% (small pullback following last week's strength)
Analyst comments: AKS -6% (downgraded to Underperform from Neutral at BofA/Merrill), JNPR -3.5% (downgraded to Hold at Stifel), ATHN -2.5% (downgraded to Hold at Topeka Capital Markets), AXP -2.1% (downgraded to Sell at UBS), JOE -2% (downgraded to Mkt Perform from Outperform at Raymond James), DSW -1.7% (downgraded to Hold at Canaccord Genuity), KORS-1.6% (downgraded to Market Perform from Outperform at Cowen), M -1% (downgraded to Market Perform from Outperform at Cowen), C -0.9% (downgraded to Equal-Weight from Overweight at Morgan Stanley), VTR -0.8% (downgraded to Hold from Buy at Evercore ISI
)