>>> US Gapping down

Gapping down
In reaction to disappointing earnings/guidance
: TZOO -9.9%, SNDK -8.1%, MAT -7.8%, OWW -6.8%, CFX -5.8%, UFPI -5.1%, GARS -3.7%, DHR -3.3%, LVS -2.8%, YUM -2.7%, AN -2.4%, KMP -2.2%, KMP -2.2%, FITB -1.9%, GWW -1.6%, NVS -1.4%, BKMU -0.7%, KMI -0.6%, KEY -0.6%, KMI -0.6%, .

M&A news: AZN -0.6% (Telegraph details comments from analysts that there is a 25% chance that Pfizer (PFE) & AZN will return to buyout talks).

Select financial related names showing weakness: ING -2.5%, NBG -2.5%, BCS -2%, BBVA -1.8%, SAN -1.6%, DB -1.6%, CS -1.4%, HSBC -1.1%.

Select EU Telecoms trading lower: PT -2%, BT -1.7%, ORAN -1.6%, .

Select oil/gas related names showing early weakness: BP -2.3%, TOT -1.5%, E -1.5%, RIG -0.8%.

Select peers trading lower in sympathy with co's that reported earnings: WYNN -2.4% (following LVS results), WYNN -2.4% (following LVS results), ASML -1.9% (following SNDK results), MU -1.6% (following SNDK results), STX -1.2% (following SNDK results), MGM -1.2% (following LVS results), MPEL -0.7% (following LVS results), CZR 0% (following LVS results)

Other news: URZ -12.7% (announces $10 mln financing), RSX -3.8% (U.S. Treasury confirmed increased sanctions against Russia), BNFT -3.5% (prices 2.5 mln shares of its common stock at a price of $38.50 per share), CLNY -2.8% (announces public offering of 15 mln shares of common stock), YNDX -2.7% (following Russia sanctions news), NES -2.6% (entered into settlement agreements in Texas court case involving subsidiary Heckmann Water Resources; to fund $5.5 mln of the total settlement amount to fully resolve the matter), TWTR -1.5% (reports of monthly active user decline), YY -0.8% (following weakness in Chinese equities overnight), THS -0.7% (prices 4,304,636 shares of common stock at $75.50 per share).

Analyst comments: PETM -0.9% (downgraded to Sector Perform at RBC Capital Mkts), DEO -0.4% (downgraded to Underweight from Neutral at JP Morgan).