Gapping down
In reaction to disappointing earnings/guidance: MYCC -13.5% (also says REIT conversion not a viable option today), MCD -2.7% (November comps -2.2%), BTU -0.6% (ticking lower; reaffirms its prior guidance regarding 2014 coal sales volumes, U.S. revenues per ton, operating costs and expenses per ton and capital spending).
M&A news: VRSK -0.9% (Verisk Analytics announced the acquisition of Maplecroft.Net Limited; The net purchase price is GBP 20.25 million; expected to be neutral to adjusted EPS in 2015).
Oil/gas related names showing early weakness: E -2.6%, OXY -2.4%, REXX -2.4%, STO -2.2%, BP -2%, EOG -1.9%, COP -1.8%, BHI -1.7%, PBR -1.4%, RIG -1.2%, RDS.A -1%, CVX -1% (target lowered to $130 at Oppenheimer on lower oil ), SDRL -0.8%.
Other news: LQDT -12.1% (disclosed Wal-Mart provided written notice terminating Agreement, effective December 8, 2014), INFY -5.0% (Infosys founders plan to sell $1 bln of stock, according to reports), JCP -4.4% (still checking for anything specific), PSEC -2.7% (Prospect Capital has suspended at-the-market equity issuances for the indefinite future; reduced monthly cash dividends to shareholders, updates 5.1% energy industry exposure, updates credit statistics), SNN -2.2% (still checking), DGLY -2% (NYTimes discusses comments from experts questioning how useful body cameras will be on police ), TTM -1.5% (still checking), AAL -1.2% (reports November traffic results; RPMs for the month were 16.2 bln, down 0.5% versus Nov 2013, ASMs, up 0.9% versus Nov 2013. Total passenger load factor was 77.7% for the month of Nov, down 1.1 points versus Nov 2013), PFE -1.2% (announced two strategic decisions to expand the company's rare disease research and development activities through the establishment of a gene therapy platform to investigate potential treatments for patients ), ERJ -0.8% (Envoy Air and unions reach agreement to allow Envoy Air to upgrade to ERJ jets, according to reports), BABA -0.6% (Bloomberg details Alibaba's (BABA) plans to expand mobile OS in China).
Analyst comments: TASR -2.9% (downgraded to Neutral from Buy at Ladenburg Thalmann ), QIWI -2.3% (downgraded to Neutral from Buy at UBS), RHT -1.1% (downgraded to Market Perform from Outperform at Wells Fargo ), NKE -1.1% (downgraded to Market Perform at Telsey Advisory Group on valuation ahead of earnings next Thursday), YNDX -1% (downgraded to Neutral from Buy at UBS), WFC -0.8% (downgraded to Mkt Perform from Outperform at Bernstein), HSBC -0.6% (downgraded to Mkt Perform from Outperform at Keefe Bruyette)
M&A news: VRSK -0.9% (Verisk Analytics announced the acquisition of Maplecroft.Net Limited; The net purchase price is GBP 20.25 million; expected to be neutral to adjusted EPS in 2015).
Oil/gas related names showing early weakness: E -2.6%, OXY -2.4%, REXX -2.4%, STO -2.2%, BP -2%, EOG -1.9%, COP -1.8%, BHI -1.7%, PBR -1.4%, RIG -1.2%, RDS.A -1%, CVX -1% (target lowered to $130 at Oppenheimer on lower oil ), SDRL -0.8%.
Other news: LQDT -12.1% (disclosed Wal-Mart provided written notice terminating Agreement, effective December 8, 2014), INFY -5.0% (Infosys founders plan to sell $1 bln of stock, according to reports), JCP -4.4% (still checking for anything specific), PSEC -2.7% (Prospect Capital has suspended at-the-market equity issuances for the indefinite future; reduced monthly cash dividends to shareholders, updates 5.1% energy industry exposure, updates credit statistics), SNN -2.2% (still checking), DGLY -2% (NYTimes discusses comments from experts questioning how useful body cameras will be on police ), TTM -1.5% (still checking), AAL -1.2% (reports November traffic results; RPMs for the month were 16.2 bln, down 0.5% versus Nov 2013, ASMs, up 0.9% versus Nov 2013. Total passenger load factor was 77.7% for the month of Nov, down 1.1 points versus Nov 2013), PFE -1.2% (announced two strategic decisions to expand the company's rare disease research and development activities through the establishment of a gene therapy platform to investigate potential treatments for patients ), ERJ -0.8% (Envoy Air and unions reach agreement to allow Envoy Air to upgrade to ERJ jets, according to reports), BABA -0.6% (Bloomberg details Alibaba's (BABA) plans to expand mobile OS in China).
Analyst comments: TASR -2.9% (downgraded to Neutral from Buy at Ladenburg Thalmann ), QIWI -2.3% (downgraded to Neutral from Buy at UBS), RHT -1.1% (downgraded to Market Perform from Outperform at Wells Fargo ), NKE -1.1% (downgraded to Market Perform at Telsey Advisory Group on valuation ahead of earnings next Thursday), YNDX -1% (downgraded to Neutral from Buy at UBS), WFC -0.8% (downgraded to Mkt Perform from Outperform at Bernstein), HSBC -0.6% (downgraded to Mkt Perform from Outperform at Keefe Bruyette)