Gapping down
In reaction to disappointing earnings/guidance: TRS -3%, (lowered FY14 EPS guidance; announced acquisition of Allfast Fastening Systems for $360 mln)
M&A news: AUXL -0.8% (provides transaction update; unanimously determined unsolicited, non binding offer from Endo Intl (ENDP) is not a superior proposal under the terms of its existing merger agreement with QLT (QLTI))
Select metals/mining stocks trading lower: RIO -2.2%, VALE -2%, BHP -1.8%, IAG -1.6%, SLV -1%, MT -0.7%
Other news: MTL -34.5% (reports of Russia's Economy Minister suggesting bankruptcy is most likely scenario), COCO -6.3% (received a grand jury subpoena for documents in Florida and Georgia), CRR -5.3% (provides marketplace update), STM -3.7% (still checking), ECTE -3.5% (Newly elected Board members to host conference call to provide shareholder update on Monday, September 22), AMRN -3.1% (may be in symp with INVN dg), ACHN -3% (may be in symp with INVN dg), CRDS -2.6% (files registration statement for proposed offering of Series H preferred stock and warrants to purchase common stock), CNHI -2% (announces plans to issue notes denominated in Euro), TSLA -1.2% (still checking; may be attributed to JPM comments preferring F and GM shares)
Analyst comments: INVN -3.3% (downgraded to Neutral from Outperform at Robert W. Baird), YHOO -3.1% (downgraded to Neutral from Buy at BofA/Merrill, to Mkt Perform from Outperform at Bernstein), RLGY -2.1% (downgraded to Underperform from Neutral at Credit Suisse), LVS -1.7% (downgraded to Market Perform from Outperform at Wells Fargo), VMI -1.5% (downgraded to Neutral from Buy at Sterne Agee), LNN -1.1% (downgraded to Neutral from Buy at Sterne Agee), WAG -0.9% (downgraded to Equal Weight from Overweight at Barclays), WYNN -0.8% (downgraded to Market Perform from Outperform at Wells Fargo), MPEL -0.8% (downgraded to Market Perform from Outperform at Wells Fargo).
In reaction to disappointing earnings/guidance: TRS -3%, (lowered FY14 EPS guidance; announced acquisition of Allfast Fastening Systems for $360 mln)
M&A news: AUXL -0.8% (provides transaction update; unanimously determined unsolicited, non binding offer from Endo Intl (ENDP) is not a superior proposal under the terms of its existing merger agreement with QLT (QLTI))
Select metals/mining stocks trading lower: RIO -2.2%, VALE -2%, BHP -1.8%, IAG -1.6%, SLV -1%, MT -0.7%
Other news: MTL -34.5% (reports of Russia's Economy Minister suggesting bankruptcy is most likely scenario), COCO -6.3% (received a grand jury subpoena for documents in Florida and Georgia), CRR -5.3% (provides marketplace update), STM -3.7% (still checking), ECTE -3.5% (Newly elected Board members to host conference call to provide shareholder update on Monday, September 22), AMRN -3.1% (may be in symp with INVN dg), ACHN -3% (may be in symp with INVN dg), CRDS -2.6% (files registration statement for proposed offering of Series H preferred stock and warrants to purchase common stock), CNHI -2% (announces plans to issue notes denominated in Euro), TSLA -1.2% (still checking; may be attributed to JPM comments preferring F and GM shares)
Analyst comments: INVN -3.3% (downgraded to Neutral from Outperform at Robert W. Baird), YHOO -3.1% (downgraded to Neutral from Buy at BofA/Merrill, to Mkt Perform from Outperform at Bernstein), RLGY -2.1% (downgraded to Underperform from Neutral at Credit Suisse), LVS -1.7% (downgraded to Market Perform from Outperform at Wells Fargo), VMI -1.5% (downgraded to Neutral from Buy at Sterne Agee), LNN -1.1% (downgraded to Neutral from Buy at Sterne Agee), WAG -0.9% (downgraded to Equal Weight from Overweight at Barclays), WYNN -0.8% (downgraded to Market Perform from Outperform at Wells Fargo), MPEL -0.8% (downgraded to Market Perform from Outperform at Wells Fargo).