Gapping down
In reaction to disappointing earnings/guidance:
- NA.
Select metals/mining stocks trading lower:
- BBL -2.6%, MT -2.3%, BHP -2.1%, RIO -1.8%, X -1.0%
Other news:
- MACK -34.4% (announces top-line results from the CARRIE study -- did not meet primary or secondary endpoints)
- AXON -7.1% (entered into $75 mln Sales Agreement with Cowen to sell common shares through an 'at-the-market' equity offering program)
- HOG -1.7% (will not raise prices to cover cost of tariffs; estimates the aggregate annual impact due to the EU tariffs to be approximately $90-100 mln)
Analyst comments:
- PVH -0.8% (initiated with a Sell at Goldman)
- OHI -0.9% (downgraded to Market Perform from Outperform at Wells Fargo)
- KR -1.5% (downgraded to Hold at Pivotal Research Group)
- ORLY -1.7% (downgraded to Neutral from Buy at MoffettNathanson)
- ATI -1.7% (downgraded to Neutral from Buy at Longbow)
- KMX -2.1% (downgraded to Neutral from Buy at Guggenheim; downgraded to Neutral from Buy at Buckingham Research)
- INTC -2.4% (downgraded to Neutral from Buy at Nomura)
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