>>> US Gapping down

Gapping down
In reaction to disappointing earnings/guidance: OSN -27.8% (thinly traded).

Financial related names showing weakness
: NBG -11.6%, SAN -2.2%, ING -2%, CS -1.8%, DB -1.6%, BBVA -1.4%, BCS -1.3%, C -0.8%.

A few telecom related names showing early weakness: PT -6.6%, TEF -2.5%, ORAN -1.7%.

Airline names lower with AirAsia news/higher oil prices weighing on group: LUV -3.8%, DAL -1.8%, RYAAY -1.2%, AAL -0.5%.

Other news: GREK -8.7% (Greek Government did not get a majority to elect President), CEL -5.4% (still checking), SNN -3.9% (pulling back), HCN -3.6% (light volume; Ventas confirms agreements with Kindred Healthcare), GPRO -1.8% (modestly pulling back from last week's run), NVO -0.8% (still checking), TSLA -0.7% (Germany may introduce electric charging stations along freeways, according to reports), KMX -0.5% (cautious Barron's mention), TWTR -0.5% ( will soon resolve sign in issues ), FB -0.3% (TheInformation discusses that Facebook is considering China options), AMZN -0.1% (reported items purchased this holiday season, customers saved over $2 bln on free two-day shipping through Amazon Prime and other free shipping offers).

Analyst comments: AMBA -3.3% (downgraded to Underperform from Hold at Needham ), RFMD -1.9% (downgraded to Hold from Buy at Needham ), TQNT -1.8% (downgraded to Hold from Buy at Needham), SWKS -1.4% (downgraded to Hold from Buy at Needham).