Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- RH -22%, BOOT -15.4%, ZUMZ -8.3%, (also reports May comps of +3.3% vs -7.6% year ago and +7.8% last month), GWRE -3%, WDAY -2.9%, VMW -1.2%
Select oil/gas related names showing early weakness with Crude Oil futures down 2% this morning:
- SDRL -2.3%, E -1.2%, PBR -1.2%, CHK -1.2%, DVN -1.1%, STO -1%, BP -0.9%, SLB -0.7%, RIG -0.7%, RDS.A -0.6%, OXY -0.6%
Other news:
- SVRA -7.9% (to offer and sell, subject to market conditions, shares of its common stock in an underwritten public offering)
- YIN -5.3% (provides update on Tianjin Precious Metals Exchange, will suspend the opening of new trading positions starting Jun 12; authorizes $30 mln share buy-back)
- DVMT -1.8% (VMW sympathy-DVMT reports earnings next week)
- APTI -1.4% (modestly pulling back; appointed Zillow exec to Board)
- WSM -1.4% (RH sympathy)
Analyst comments:
- WLL -2.2% (downgraded to Neutral from Outperform at Credit Suisse)
- EPE -1.7% (assumed with Underperform from Neutral at Credit Suisse)