Gapping down
In reaction to disappointing earnings/guidance/SSS: WTSL -15.4% (light volume), TITN -14.1%, SOL -13.9%, FRAN -8.8%, ARO -5.1%, SNPS -4.1%, EMKR -3.6%, COST -1.1%, (light volume).
Select metals/mining stocks trading lower: TC -3.4%, AU -1.8%, SLV -1.6%, GDX -1.3%, GG -1.3%, SLW -1.3%, IAG -1.2%, SLV -1.1%, GOLD -1.1%, GG -0.9%, ABX -0.6% ( announces Founder and Chairman Peter Munk to Retire at 2014 AGM, John Thornton to assume Chairmanship; announced progress on a number of key business initiatives).
Select telEcom related names showing early weakness: TSU -3.6%, TI -2.0%, VIV -1.4%.
Other news: OCLS -13.5% (announces $2.2 mln securities offering; includes 550K shares at $4.00 per share with no warrant coverage), OIBR -7% (still checking), TD -5.6% (light volume, TD Ameritrade Extends Stockholders Agreement with TD Bank Group), LGP -4.8% (commences public offering of 3.1 mln common units representing limited partner interests in the Partnership), PFPT-4.4% (to offer $150 mln of convertible senior notes due 2018), MDXG -3.8% (MiMedx Group announces next steps after discussions with FDA, will pursue IND and BLA process for certain micronized products; reiterates guidance), SWY -3.1% (Jana Partners lowers stake to 4.1% - amended 13D filing; down from 6.2% previously reported on 9/17), ARCP -2.1% (launches a reopening of $150 mln of its 3.00% convertible senior notes due 2018 and an offering of $225 mln of its convertible senior notes due 2020), CCL -2.1% (still checking), SHLD -1.8% ( following cautious Barron's mention), CLDX -1.6% (prices 7 mln shares of common stock at $24.50), DOC -1.4% (commences public offering of 8.3 mln shares ), FB -1.3% (following S&P500 changes that did not include FB), NOK-1.3% (Nokia Italia partners with Sky and Microsoft (MSFT) for the global debut of Sky Go on Nokia Lumia devices), BUD -0.9% (still checking), RDS.A -0.8% (still checking), GTAT -0.2% (prices $190 mln of 3.00% Convertible Senior Notes due 2020; and 8,650,000 shares of common stock at $8.65 per share).
Analyst comments: SJM -2.6% (downgraded to Underperform from Market Perform at Wells Fargo), AGNC -1.8% (initiated with a Sell at Goldman), NLY -1.5% (initiated with a Sell at Goldman), PAYX -1.1% (initiated with an Underweight at Morgan Stanley), TUMI -1% (removed from Conviction Buy list at Goldman), XOM -0.5% (Exxon Mobil downgraded to Outperform from Strong Buy at Raymond James)
Select metals/mining stocks trading lower: TC -3.4%, AU -1.8%, SLV -1.6%, GDX -1.3%, GG -1.3%, SLW -1.3%, IAG -1.2%, SLV -1.1%, GOLD -1.1%, GG -0.9%, ABX -0.6% ( announces Founder and Chairman Peter Munk to Retire at 2014 AGM, John Thornton to assume Chairmanship; announced progress on a number of key business initiatives).
Select telEcom related names showing early weakness: TSU -3.6%, TI -2.0%, VIV -1.4%.
Other news: OCLS -13.5% (announces $2.2 mln securities offering; includes 550K shares at $4.00 per share with no warrant coverage), OIBR -7% (still checking), TD -5.6% (light volume, TD Ameritrade Extends Stockholders Agreement with TD Bank Group), LGP -4.8% (commences public offering of 3.1 mln common units representing limited partner interests in the Partnership), PFPT-4.4% (to offer $150 mln of convertible senior notes due 2018), MDXG -3.8% (MiMedx Group announces next steps after discussions with FDA, will pursue IND and BLA process for certain micronized products; reiterates guidance), SWY -3.1% (Jana Partners lowers stake to 4.1% - amended 13D filing; down from 6.2% previously reported on 9/17), ARCP -2.1% (launches a reopening of $150 mln of its 3.00% convertible senior notes due 2018 and an offering of $225 mln of its convertible senior notes due 2020), CCL -2.1% (still checking), SHLD -1.8% ( following cautious Barron's mention), CLDX -1.6% (prices 7 mln shares of common stock at $24.50), DOC -1.4% (commences public offering of 8.3 mln shares ), FB -1.3% (following S&P500 changes that did not include FB), NOK-1.3% (Nokia Italia partners with Sky and Microsoft (MSFT) for the global debut of Sky Go on Nokia Lumia devices), BUD -0.9% (still checking), RDS.A -0.8% (still checking), GTAT -0.2% (prices $190 mln of 3.00% Convertible Senior Notes due 2020; and 8,650,000 shares of common stock at $8.65 per share).
Analyst comments: SJM -2.6% (downgraded to Underperform from Market Perform at Wells Fargo), AGNC -1.8% (initiated with a Sell at Goldman), NLY -1.5% (initiated with a Sell at Goldman), PAYX -1.1% (initiated with an Underweight at Morgan Stanley), TUMI -1% (removed from Conviction Buy list at Goldman), XOM -0.5% (Exxon Mobil downgraded to Outperform from Strong Buy at Raymond James)