>>> US Gapping down

Gapping down
In reaction to disappointing earnings/guidance
: MEA -12.6%, SNDK -7.1%, TSM -4.5%, DEO -2.2%, WBS -1.8%, KEY -0.8%

Select EU financials trading lower: DB
-2.7%, ING -1.6%, HSBC -1.5%, SAN -1.4%

Select oil/gas related names showing early weakness: HERO -6%, HOS -3%, NADL -2.4%, OAS -2.1%, SDRL -2%, PBR -1.5%

Other news: IMDZ -8.7% (prices 15,350,000 ordinary shares at $28.25 per share), FNRG -7.4% (issues response to MoxReports Research Report Dated April 15, 2015), PCRX -6.4% (announces receipt of a subpoena from the U.S. Department of Justice), CPLP -6% (plans to offer 12.8 mln common units representing limited partnership interests in a public offering), GPOR -3.7% (to acquire Paloma Partners III, reports first quarter 2015 production and provides firm transportation update ), MTDR -3.7% (commenced an underwritten public offering of 7 mln shares of its common stock), CPST -3.3% (filed for $100 mln mixed securities shelf offering), HZNP -1.9% (priced 15.35 mln share public offering of common stock at $28.25 per share), NBG -1.7% (cont uncertainty in Greece), AMAT -1.6% (SNDK peer), ASML -1.5% (SNDK peer), MU -1.5% (SNDK peer)

Analyst comments: COR -1.1% (downgraded to Hold at Evercore ISI, downgraded to Sector Weight at Keybanc Capital Mkts), NOK -1% (downgraded to Neutral from Buy at Citigroup; downgraded to Neutral from Outperform at Credit Suisse among others
)