Gapping down
In reaction to disappointing earnings/guidance: STX -10.4%, PIR -9.1%, DDC-6.1%, TSM -3.8%, BLK -2.4%, PNC -2.4%, BAC -1%, WFC -0.9%
Select financial related names showing weakness after BAC and WFC earnings: CS -1.9%, LYG -1.7%, DB -1.4%, BCS -1.3%, IBN -1.3%
Select metals/mining stocks trading lower: KGC -2.3%, HMY -2.1%, AU -1.2%,PAAS -1.1%, ABX -0.9%
Other news: EXXI -75.5% (filed volutary Chap 11), CHMA -8.3% (cautious Adam Feuerstein comments), WDC -4.8% (in sympathy with STX), CORR -4.7% (responds to Energy XXI (EXXI) Chapter 11 announcement, notes that Energy XXI GIGS Services has not filed for bankruptcy and the GIGS lease will not be effected), ERIC -4.3% (may be related to/in sympathy with TSM and STX earnings releases), STM -4.1% (may be related to/in sympathy with TSM and STX earnings releases), ARMH -2.3% (may be related to/in sympathy with TSM and STX earnings releases), SUM -2.1% ( announces 10 mln common share offering by selling shareholders, including affiliates of Blackston Group ),SUM -2.1% (announces 10 mln common share offering by selling shareholders),ASML -1.4% (in sympathy with TSM (earnings))
Analyst comments: CF -1.7% (downgraded to Underperform from Market Perform at Cowen), MOS -1.2% (downgraded to Underperform from Market Perform at Cowen), PEP -1% (downgraded to Hold from Buy at Stifel)
In reaction to disappointing earnings/guidance: STX -10.4%, PIR -9.1%, DDC-6.1%, TSM -3.8%, BLK -2.4%, PNC -2.4%, BAC -1%, WFC -0.9%
Select financial related names showing weakness after BAC and WFC earnings: CS -1.9%, LYG -1.7%, DB -1.4%, BCS -1.3%, IBN -1.3%
Select metals/mining stocks trading lower: KGC -2.3%, HMY -2.1%, AU -1.2%,PAAS -1.1%, ABX -0.9%
Other news: EXXI -75.5% (filed volutary Chap 11), CHMA -8.3% (cautious Adam Feuerstein comments), WDC -4.8% (in sympathy with STX), CORR -4.7% (responds to Energy XXI (EXXI) Chapter 11 announcement, notes that Energy XXI GIGS Services has not filed for bankruptcy and the GIGS lease will not be effected), ERIC -4.3% (may be related to/in sympathy with TSM and STX earnings releases), STM -4.1% (may be related to/in sympathy with TSM and STX earnings releases), ARMH -2.3% (may be related to/in sympathy with TSM and STX earnings releases), SUM -2.1% ( announces 10 mln common share offering by selling shareholders, including affiliates of Blackston Group ),SUM -2.1% (announces 10 mln common share offering by selling shareholders),ASML -1.4% (in sympathy with TSM (earnings))
Analyst comments: CF -1.7% (downgraded to Underperform from Market Perform at Cowen), MOS -1.2% (downgraded to Underperform from Market Perform at Cowen), PEP -1% (downgraded to Hold from Buy at Stifel)