Gapping down
In reaction to disappointing earnings/guidance:
- TAL -10%, UBS -4.5%, PETS -2.5%, CMA -0.5%
Select China related names showing weakness:
- CEA -9.8%, HTHT -9.6%, IMBI -7.6%, LVS -6.3%, VIPS -4.2%, LFC -4%, MOMO -3.5%, JD -3%, WB -2.8%, WUBA -2.5%, BIDU -2.2%, SINA -2%, HSBC -1.8%
Other news:
- DAL -2.1% (travel related name trading lower due to pandemic fears)
- CCL -2% (travel related name trading lower due to pandemic fears)
- DB -1.1% (in sympathy with UBS)
Analyst comments:
- PING -1.9% (downgraded to Neutral from Buy at Goldman)
- SLB -0.8% (downgraded to Market Perform at Cowen)
- USB -0.6% (downgraded to Underperform from Neutral at Credit Suisse)