Gapping down
In reaction to disappointing earnings/guidance:
- HSBC -3.9%, PHG -3%, CHKP -2.1%, CNA -1.9%, AWI -1.8%, CAJ -1%, DO -0.7%
M&A news:
- PLD -4.2% (Liberty Prop to be acquired by Prologis (PLD) for approximately $12.6 bln in all-stock deal) CETV -2.2% (to be acquired by PPF Group for $4.58/share in cash, or approximately $2.1 bln)
Other news:
- PCG -28.4% ("historic wind event" in California this weekend)
- NOK -2.1% (continued weakness post earnings)
- AGEN -1.2% (files for ~11.11 mln share common stock offering by holders)
- BUD -1.1% (continued weakness post earnings)
- AMZN -1% (Microsoft awarded $10 bln DOD cloud computing contract beating out Amazon (AMZN) and Oracle (ORCL))
Analyst comments:
- TPR -3.3% (downgraded to Hold from Buy at HSBC Securities)
- ALK -2.9% (downgraded to Neutral from Overweight at JP Morgan)
- COG -2.4% (downgraded to Neutral from Positive at Susquehanna)
- AEO -1.8% (downgraded to Neutral from Buy at Citigroup)
- LULU -1.7% (downgraded to Neutral from Buy at Citigroup)
- PVH -1.5% (downgraded to Neutral from Overweight at JP Morgan)
- ALB -1.3% (downgraded to Underperform from Buy at BofA/Merrill)
- VTR -1.1% (downgraded to Neutral from Buy at Citigroup)