Gapping down
In reaction to disappointing earnings/guidance/SSS: POWR -35.5% ( downgraded to Hold from Buy at Craig Hallum), MM -32.7% (multiple downgrades), GPOR -15.1%, BODY -14.9%, MCP -11%, EGY -9.3% (light volume), NPSP -9%, LQDT -9%, ERII -8.9%, DF -7.8%, TSLA -6.4%, SCMP -6.2%, ANDE -4.7%, (light volume), NICE -4.3%, NLY -4.1%, REE -3.8% (light volume), CZR-3.7%, ICPT -3.7%, REGN -3.7%, NVAX -3.5%, (light volume), CLR -2.7%, PMT -2.5%, (light volume), GTAT -2.3%, ARP -2.1%, RNDY -1.7% (light volume), WIN -1.6%, LPSN -1.5% (light volume), LCI -1.5%, VNDA -1.3%, INSM -1.2%, SUNE -1.1%, EMKR -1.1%, (light volume), FANG -1%, TWO -0.9%, SN -0.8% (light volume).
Casino/gaming names lower following reports that Macau may be limiting illegal money transfers: LVS -6.1%, MPEL -5.7% (also reported earnings), WYNN -5.3%, MGM -4.6%
Other news: CIE -5.7% ( announces $1 bln offering of convertible senior notes due 2024), FDX -0.4% ( FedEx may charge by size of packages, according to reports; also downgraded to Equal Weight from Overweight at Barclays; tgt lowered to $140 from $160) .
Analyst comments: QRE -3% (downgraded to Neutral from Outperform at Robert W. Baird; tgt lowered to $19 from $20 on lack of immediate catalysts, preferring NSLP or Legacy Reserves), CLF -0.6% (downgraded to Underperform from Mkt Perform at Bernstein)
Casino/gaming names lower following reports that Macau may be limiting illegal money transfers: LVS -6.1%, MPEL -5.7% (also reported earnings), WYNN -5.3%, MGM -4.6%
Other news: CIE -5.7% ( announces $1 bln offering of convertible senior notes due 2024), FDX -0.4% ( FedEx may charge by size of packages, according to reports; also downgraded to Equal Weight from Overweight at Barclays; tgt lowered to $140 from $160) .
Analyst comments: QRE -3% (downgraded to Neutral from Outperform at Robert W. Baird; tgt lowered to $19 from $20 on lack of immediate catalysts, preferring NSLP or Legacy Reserves), CLF -0.6% (downgraded to Underperform from Mkt Perform at Bernstein)