Gapping down
Select Chinese ADRs showing weakness:
- LI -7.4%, BIDU -7.4%, XPEV -7.3%, JD -5.1%, BABA -5%, NIO -4%, ASHR -3.3%, .
Select oil/gas related names showing early weakness:
- USO -3.8%, HAL -2.4%, OIH -2.2%, SLB -2.2%, BP -1.9%, XLE -1.8%, XOM -1.5%, PSX -1.1%, SHEL -1%, .
Other news:
- NTRA -6.7% (executives to take compensation packages in stock instead of salary)
- SNY -3% (provides update on Phase 2 study evaluating amcenestrant in ER+/HER2- advanced or metastatic breast cancer; AMEERA-3 trial did not meet primary endpoint of improving progression-free survival)
- VLDR -2.8% (announces change to Board of Directors and provides update on stock ownership)
- NKLA -2.5% (files for 17,025,590 share common stock offering by selling shareholder)
Analyst comments:
- FUTU -11.2% (downgraded to Underperform from Outperform at CLSA)
- NOG -3.3% (downgraded to Equal Weight from Overweight at Wells Fargo)
- OXY -3.3% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
- CVX -2.7% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
- COCO -1.2% (downgraded to Neutral from Buy at BofA Securities)
- TSN -1.2% (downgraded to Market Perform from Outperform at BMO Capital Markets)