>>> US Gapping down

Gapping down
In reaction to disappointing earnings/guidance
: LULU -14.4%, EROS -8.2%, ONVO -5.4%.

Select metals/mining stocks trading lower: SWC -5.1%, RRC -3.5%, RIO -3%, CLF -2.6% (Casablanca Capital files definitive proxy statement and sends letter to Shareholders), GFI -1.6%, MT -1.4%, BHP -1.2%.

Other news: NEWL -15.1% (Ironridge Global IV confirmed it prevailed on the Temporary Restraining Order and Petition for Preliminary Injunctive Relief Pending Arbitration brought by NewLead Holdings), VTSS -9.4% (prices 7,462,675 shares of common stock at $3.35 per share), CNAT -7.7% (following 50% surge higher yesterday), APU -5.1% (AmeriGas Partners announced that Heritage ETC, affiliate of Energy Transfer Partners, commenced a public underwritten offering,of 8.5 mln AmeriGas common units that it currently holds), PBF -4.4% (announced secondary public offering of 18 mln shares of Class A common stock by funds affiliated with The Blackstone Group and First Reserve Management), RRC -3.5% (has agreed to sell 4,560,000 shares of its common stock in an underwritten public offering), ARIA -3.3% (announced its intention to offer $175 million aggregate principal amount of convertible senior notes due 2019), COMM -2.3% (commenced an offering to sell 15,000,000 shares of its common stock by an affiliate of The Carlyle Group, IBP -1.9% (prices secondary offering of 8.1 mln shares of common stock at $12.50 per share), EXC -1.7% (priced 50 mln shares of its common stock at a public offering price of $35.00/share), CLNY -1.5% (prices $150 mln of its 3.875% Convertible Senior Notes due 2021), OREX -1.4% (negative comment on Mad Money).

Analyst comments: HIMX -3.8% (downgraded to Hold at Craig Hallum), VALE -1.4% (downgraded to Equal-Weight from Overweight at Morgan Stanley), HA -1.3% (downgraded to In-line from Outperform at Imperial Capital).