Gapping down
In reaction to disappointing earnings/guidance: SM -10.7%, LZB -9.3%, MFRM -8.6%, CYH -6.3%, ZIXI -4.7%, (light volume), TEX -4.4%, KAR -3.9%, PBPB -3.6%, SUNE -3.2%, AUY -3.1%, PNRA -1.4%.
Select metals/mining stocks trading lower: GFI -2.4%, EGO -1.2%, GDX -1%, BBL -0.8%, NEM -0.8%.
Brazil names lower: PBR -1.6%, GFA -1.6%, EBR -1.5%, BBD -1.4%, BBVA -1.3%, RIO -0.7%,
Select solar names showing modest weakness following SUNE results: SOL -2.2%, FSLR -1.3% .
Other news: GNK -8.3% ( did not make the scheduled semi-annual interest payment of ~$3.1 mln, as reported in an 8-K. However, under the terms of the Indenture, a failure to pay interest on the Payment Date does not constitute an Event of Default unless such failure continues for a period of 30 days), TS -4.7% ( attributed to reports that S Korea did not impose anti-dumping duties on energy pipe products ), MTL -4.3% (may be attributed to steel tariffs news), OAKS -3.7% (announces 3 mln share common stock offering), ENDP -3.7% ( plans to record a ~$495 mln charge primarily related to goodwill attributable to the co's acquisition of American Medical Systems), PRAN -3% (following conference call to discuss results from REACH2HD trial), CMI -2.9% (following TEX results; also may be attributed to reports that Obama administration targets trucking pollution with potential new fuel economy standards by March 2015 for heavy-duty trucks), TSEM -2.6% (still checking), X -2.4% (reports of anti-dumping tariffs on steel tubing), KMP -1.7% (Kinder Morgan Partners is commencing underwritten public offering of 6.9 mln common units representing limited partner interests ), NFLX -0.9% (WSJ discusses ongoing disagreements between NFLX and Verizon over internet speed), NVS -0.7% (Novartis AG office in Tokyo has been raised by officials over manipulated data allegations, according to reports).
Analyst comments: YOKU -2.5% (downgraded to Sell from Hold at Maxim Group), SCTY -2% (downgraded to Neutral from Outperform at Robert W. Baird), CPN -1.2% (Calpine downgraded to Neutral from Buy at UBS), SM -1.2% (SM Energy downgraded to Hold from Buy at KeyBanc), TSLA -0.5% ( initiated with a Mkt Perform at FBR Capital; tgt $150),