Gapping down
In reaction to disappointing earnings/guidance: RHT -1.5%, AZO -0.5%, MOS -0.5%, (announces production curtailments and updated third quarter guidance), .
M&A news: WGBS -12.9% (trading lower following yesterday's M&A spec), BTI -1.1% (signed an agreement to acquire 100% of the CHIC Group, and announced a vapor sharing term sheet with Reynolds American (RAI)).
Select High profile EU names showing weakness: SAN -3.4%, ORAN -3.3%, ING -3.2%, DEG -3.2%, STM -2.9%, GSK -2.7%, DB -2.7%, NVS -2.4%, UL -2.4%, HSBC -1.5%
Select metals/mining stocks trading lower: MT -5.8%, BBL -4.5%, RIO -3.8%, FCX -3.7%, AUY -3.4%, X -2.2%, AA -1.5%
Select oil/gas related names showing early weakness: E -4.6%, RDS.A -3.5%, BP -3.3%, TOT -3.2%, PBR -2.5%, STO -2.5%
Select Automakers trading lower in sympathy with Volkswagen news: TTM -4.4%, F -2.7%, GM -2.5%, TM -1.2%
Select fan favorites trading lower: FIT -2.9%, GPRO -2.2%, NFLX -1.8%, TSLA -1.4%, FB -1.4%, TWTR -1.2%, AMZN -1.2%, GOOG -1.1%, AAPL -1.0%
Other news: ABGB -8.7% (El Confidencial reports that HSBC (HSBC) plans to withdraw support for Abengoa (ABGB) increase in capital), NMFC -4.1% (commences offering of 5,000,000 shares of common stock), SDRL -4.1% (receives notification of cancellation of drilling contract from Husky Oil Operations (HUSKF)), MRD -4% (upsizes offering and prices 12 mln shares of its common stock at $17.60 per share), BHP -3.8% (announces it will undertake a global debt investor marketing effort across Europe, Asia and the United States), CBK -3.6% (to be removed from the S&P SmallCap 600), ITCI -3.3% (announces an underwritten public offering), SJM -2.8% (announced 8.28 mln share offering of common stock by Blue Holdings), GS -1.7% (CEO Blankfein diagnosed with form of lymphoma; Sees it as 'highly curable'), ESI -1.3% (announced that it has received a Civil Investigative Demand from the U.S. Department of Justice), SCMP -1.1% (discloses plans to hold meetings with potential lenders in connection with the financing of its proposed acquisition of R-Tech Ueno beginning on September 22, 2015)
Analyst comments: NTAP -2.7% (downgraded to Sell from Neutral at Goldman), ABB -2% (downgraded to Underweight from Neutral at JP Morgan), TD -1.5% (downgraded to Neutral from Outperform at Credit Suisse), ALSN -0.9% ( downgraded to Hold from Buy at Deutsche Bank)
In reaction to disappointing earnings/guidance: RHT -1.5%, AZO -0.5%, MOS -0.5%, (announces production curtailments and updated third quarter guidance), .
M&A news: WGBS -12.9% (trading lower following yesterday's M&A spec), BTI -1.1% (signed an agreement to acquire 100% of the CHIC Group, and announced a vapor sharing term sheet with Reynolds American (RAI)).
Select High profile EU names showing weakness: SAN -3.4%, ORAN -3.3%, ING -3.2%, DEG -3.2%, STM -2.9%, GSK -2.7%, DB -2.7%, NVS -2.4%, UL -2.4%, HSBC -1.5%
Select metals/mining stocks trading lower: MT -5.8%, BBL -4.5%, RIO -3.8%, FCX -3.7%, AUY -3.4%, X -2.2%, AA -1.5%
Select oil/gas related names showing early weakness: E -4.6%, RDS.A -3.5%, BP -3.3%, TOT -3.2%, PBR -2.5%, STO -2.5%
Select Automakers trading lower in sympathy with Volkswagen news: TTM -4.4%, F -2.7%, GM -2.5%, TM -1.2%
Select fan favorites trading lower: FIT -2.9%, GPRO -2.2%, NFLX -1.8%, TSLA -1.4%, FB -1.4%, TWTR -1.2%, AMZN -1.2%, GOOG -1.1%, AAPL -1.0%
Other news: ABGB -8.7% (El Confidencial reports that HSBC (HSBC) plans to withdraw support for Abengoa (ABGB) increase in capital), NMFC -4.1% (commences offering of 5,000,000 shares of common stock), SDRL -4.1% (receives notification of cancellation of drilling contract from Husky Oil Operations (HUSKF)), MRD -4% (upsizes offering and prices 12 mln shares of its common stock at $17.60 per share), BHP -3.8% (announces it will undertake a global debt investor marketing effort across Europe, Asia and the United States), CBK -3.6% (to be removed from the S&P SmallCap 600), ITCI -3.3% (announces an underwritten public offering), SJM -2.8% (announced 8.28 mln share offering of common stock by Blue Holdings), GS -1.7% (CEO Blankfein diagnosed with form of lymphoma; Sees it as 'highly curable'), ESI -1.3% (announced that it has received a Civil Investigative Demand from the U.S. Department of Justice), SCMP -1.1% (discloses plans to hold meetings with potential lenders in connection with the financing of its proposed acquisition of R-Tech Ueno beginning on September 22, 2015)
Analyst comments: NTAP -2.7% (downgraded to Sell from Neutral at Goldman), ABB -2% (downgraded to Underweight from Neutral at JP Morgan), TD -1.5% (downgraded to Neutral from Outperform at Credit Suisse), ALSN -0.9% ( downgraded to Hold from Buy at Deutsche Bank)