Gapping down
In reaction to disappointing earnings/guidance: SGOC -32.2%, CACI -8.9%, GBX -8.4%, EXAR -2.5%, BZH -2.4%, (sees Q2 net orders -9%; closings -13%; Reiterates Expectation of Net Income for Fiscal 2014; announces proposed offering of $300 mln aggregate principal amount of Senior Notes due 2019), TXI -1.9%, SEAS -1.4%, CS -0.2%, (light volume).
Select financial related names showing weakness: DB -1.8% (downgraded to Neutral from Overweight at JP Morgan), USB -1.3% ( downgraded to Neutral from Buy at Goldman; removed from Conviction Buy list), NBG -2.8%, C -1.1% (Feds will open criminal investigation over C's mexico unit, according to reports; downgraded to Neutral from Buy at Sterne Agee), LYG -1%.
A few metals/mining stocks trading modestly lower: RIO -1.7%, BHP -1.4%, ABX -1.2%, GDX -1.1%, SLW -0.9%.
Other news: BGMD -16.7% ( announces proposed public offering of common stock), APPY -7.7% (intends to offer shares of its common stock in an underwritten public offering), KIN -4.3% (early weakness attributed to secondary pricing), EXAS -3.9% (files mixed securities shelf offering; announces proposed public offering of $125 mln of common stock), CPRX -3.6% (announces commencement of public offering of common stock), PEIX -2.6% (Pacific Ethanol disclosed amendments to credit facility and term loan arrangements to accommodate restart of production at its Madera, California ethanol production facility), YELP -2.6% (gets subpoenas about users commonly, according to reports), LQDT -2.6% (under continued pressure), JOBS -1.5% (announces proposed private offering of us$150 million convertible senior notes), TTM -1.4% (still checking), JNPR -1.3% (discloses it expects to reduce worldwide headcount by ~6%), MANT -1.1% (MANT to replace PACW in the S&P SmallCap 600), RYAAY -1.1% (still checking), CAT -0.6% (Jim Chanos reaffirms on CNBC that he is still short CAT), BRCM -0.5% (Emulex discloses it entered into a Dismissal and Standstill Agreement with Broadcom ), CSC -0.3% (following CACI guidance).
Analyst comments: VVUS -5.3% (downgraded to Underweight from Neutral at Piper Jaffray), XOM -0.6% (initiated with an Underperform at BMO Capital Mkts), BRCM -0.5% (resumed with a Neutral from Overweight at Piper Jaffray), LNG -0.5% (downgraded to Neutral from Outperform at Credit Suisse; tgt raised to $65 from $50)
Select financial related names showing weakness: DB -1.8% (downgraded to Neutral from Overweight at JP Morgan), USB -1.3% ( downgraded to Neutral from Buy at Goldman; removed from Conviction Buy list), NBG -2.8%, C -1.1% (Feds will open criminal investigation over C's mexico unit, according to reports; downgraded to Neutral from Buy at Sterne Agee), LYG -1%.
A few metals/mining stocks trading modestly lower: RIO -1.7%, BHP -1.4%, ABX -1.2%, GDX -1.1%, SLW -0.9%.
Other news: BGMD -16.7% ( announces proposed public offering of common stock), APPY -7.7% (intends to offer shares of its common stock in an underwritten public offering), KIN -4.3% (early weakness attributed to secondary pricing), EXAS -3.9% (files mixed securities shelf offering; announces proposed public offering of $125 mln of common stock), CPRX -3.6% (announces commencement of public offering of common stock), PEIX -2.6% (Pacific Ethanol disclosed amendments to credit facility and term loan arrangements to accommodate restart of production at its Madera, California ethanol production facility), YELP -2.6% (gets subpoenas about users commonly, according to reports), LQDT -2.6% (under continued pressure), JOBS -1.5% (announces proposed private offering of us$150 million convertible senior notes), TTM -1.4% (still checking), JNPR -1.3% (discloses it expects to reduce worldwide headcount by ~6%), MANT -1.1% (MANT to replace PACW in the S&P SmallCap 600), RYAAY -1.1% (still checking), CAT -0.6% (Jim Chanos reaffirms on CNBC that he is still short CAT), BRCM -0.5% (Emulex discloses it entered into a Dismissal and Standstill Agreement with Broadcom ), CSC -0.3% (following CACI guidance).
Analyst comments: VVUS -5.3% (downgraded to Underweight from Neutral at Piper Jaffray), XOM -0.6% (initiated with an Underperform at BMO Capital Mkts), BRCM -0.5% (resumed with a Neutral from Overweight at Piper Jaffray), LNG -0.5% (downgraded to Neutral from Outperform at Credit Suisse; tgt raised to $65 from $50)