>>> US Gapping down

Gapping down
In reaction to disappointing earnings/guidance/SSS
: VRA -20.8%, RAD -7.1%, PVH -5.9%, UTIW -1.9%, TRLA -1.7%, SJM -0.7%, A -0.2%.

M&A news: SNN -4% (cont speculation surrounding M&A).

Other news: NVAX -9.1% ( announces $100 mln public offering of common stock), RCAP -6.2% (prices public offering of Class A Common Stock), TSL -3.7% (announced the offering of $150 mln convertible senior notes; commences concurrent offering of 8.8 mln ADSs), DB -1% (fixes subscription price for new shares at EUR 22.50 per share), ILMN -0.9% ( to Offer $900 Million Convertible Senior Notes, SPWR -0.8% (announces intention to Offer $400 mln of Senior Convertible Debentures), .

Analyst comments: Z -1.3% (downgraded to Neutral from Buy at Sun Trust Rbsn Humphrey), KOF -1.3% (downgraded to Neutral from Buy at Goldman)
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