Gapping down
In reaction to disappointing earnings/guidance:
- WPP -7.3%
Select metals/mining stocks trading lower:
- FCX -3.8%, RIO -3.5%, MT -3.3%, AG -2%, GOLD -1.8%, SLV -1.1%, KGC -1%
Other news:
- TAHO -10.2% (Constitutional Court reverses Supreme Court's decision to reinstate the Escobal mining license of Tahoe's Guatemalan subsidiary)
- CVRS -6.4% (entered into $300 mln Sales Agreement with Cowen with respect to an at-the-market offering program)
- RIG -1.1% (Ocean RIG UDW to be acquired by Transocean (RIG) for $32.28/share)
Analyst comments:
- FN -7.2% (downgraded to Neutral at FBR)
- ANET -3.4% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
- TKC -2.9% (downgraded to Neutral from Overweight at JP Morgan)
- STX -2.9% (downgraded to Underperform from In-line at Evercore ISI)
- ING -2.8% (downgraded to Neutral from Overweight at JP Morgan)
- SIG -2.7% (downgraded to Sell from Neutral at Citigroup)
- TLYS -2.4% (downgraded to Hold at Pivotal Research Group)
- IIVI -2.3% (downgraded to Neutral at FBR)
- CTSH -2.3% (downgraded to Underperform from Buy at BofA/Merrill)
- WDC -2% (downgraded to In-line from Outperform at Evercore ISI)
- SHPG -1.8% (downgraded to Mkt Perform from Outperform at Bernstein)
- VZ -1.2% (downgraded to Equal Weight from Overweight at Barclays)
- BBVA -1% (downgraded to Neutral from Overweight at JP Morgan)
- FB -0.9% (downgraded to Neutral at MoffettNathanson)
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