Gapping down
In reaction to disappointing earnings/guidance/SSS: DWCH -30%, NQ -13.7%, AVD -10.5%, GPS -4% (also downgraded to Neutral from Buy at Janney), TTMI -3.8%, JPM -3.7%.
Select financial related names showing weakness following weakness overseas and JPM results: NBG -3.9%, GS -1.5%, C -1.5%, UBS -1.2%, ING -1.2%, LYG -1.2%.
Select solar stocks trading lower: YGE -3.6% (sees Q1 shipments below prior guidance), CSIQ -2.6%, SPWR -2.1%, TSL -2.3%, SUNE -2%, JKS -1.6%.
Other news: NTN -27.4% (announces proposed public offering of common stock, size not disclosed), CWTR -15.8% (commences voluntary Chapter 11 proceeding to facilitate orderly wind-down of operations), RGDO -14.2% ( prices public offering of 10 mln shares of its common stock at $6.00 per share), VJET -10.2% (following 13% drop yesterday), CTSH -4.8% (still checking), GLOG-3.5% (announced that it plans to offer ~4.25 mln of its common shares to the public; announces agreement to purchase an additional three LNG carriers from BG Group for ~ $468 mln), ARMH -2.8% (weakness in overseas trading), ALU -1.8% (still checking for anything specific), IRBT -1.7% (disclosed Amendment and Termination of Shareholder Rights Agreement; rights to purchase Series A-1 Junior Participating Cumulative Preferred Stock are now expired ), AJG -1.5% (prices 19 mln shares of its common stock at a price of $43.25), NOK -1.2% (still checking), TSLA -1% (following yesterday's 13 point drop; plans Chna charging network, according to reports), SCHW -0.6% (announces interim business update will be held via webcast on April 24), LNKD -0.5% (will tell subs about jobs at their own cos, according to reports).
Analyst comments: APOG -3.9% (removed from Conv Buy list at Goldman), SDRL -2.6% (downgraded to Neutral from Outperform at Credit Suisse ), ASML -1.9% (initiated with a Cautious at ISI), GLW -1% (downgraded to Neutral from Buy at UBS), SYMC -1% ( downgraded to Equal Weight from Overweight at Barclays), FSL -0.7% (initiated with a Cautious at ISI), BBBY -0.3% (downgraded to Neutral from Buy at Citigroup), ABB -0.2% ( downgraded to Neutral at Robert W. Baird; tgt lowered to $28)
Select financial related names showing weakness following weakness overseas and JPM results: NBG -3.9%, GS -1.5%, C -1.5%, UBS -1.2%, ING -1.2%, LYG -1.2%.
Select solar stocks trading lower: YGE -3.6% (sees Q1 shipments below prior guidance), CSIQ -2.6%, SPWR -2.1%, TSL -2.3%, SUNE -2%, JKS -1.6%.
Other news: NTN -27.4% (announces proposed public offering of common stock, size not disclosed), CWTR -15.8% (commences voluntary Chapter 11 proceeding to facilitate orderly wind-down of operations), RGDO -14.2% ( prices public offering of 10 mln shares of its common stock at $6.00 per share), VJET -10.2% (following 13% drop yesterday), CTSH -4.8% (still checking), GLOG-3.5% (announced that it plans to offer ~4.25 mln of its common shares to the public; announces agreement to purchase an additional three LNG carriers from BG Group for ~ $468 mln), ARMH -2.8% (weakness in overseas trading), ALU -1.8% (still checking for anything specific), IRBT -1.7% (disclosed Amendment and Termination of Shareholder Rights Agreement; rights to purchase Series A-1 Junior Participating Cumulative Preferred Stock are now expired ), AJG -1.5% (prices 19 mln shares of its common stock at a price of $43.25), NOK -1.2% (still checking), TSLA -1% (following yesterday's 13 point drop; plans Chna charging network, according to reports), SCHW -0.6% (announces interim business update will be held via webcast on April 24), LNKD -0.5% (will tell subs about jobs at their own cos, according to reports).
Analyst comments: APOG -3.9% (removed from Conv Buy list at Goldman), SDRL -2.6% (downgraded to Neutral from Outperform at Credit Suisse ), ASML -1.9% (initiated with a Cautious at ISI), GLW -1% (downgraded to Neutral from Buy at UBS), SYMC -1% ( downgraded to Equal Weight from Overweight at Barclays), FSL -0.7% (initiated with a Cautious at ISI), BBBY -0.3% (downgraded to Neutral from Buy at Citigroup), ABB -0.2% ( downgraded to Neutral at Robert W. Baird; tgt lowered to $28)