>>> US Gapping down

Gapping down
In reaction to disappointing earnings/guidance
: JNPR -7.5%, FAST -3.7%, AA -3.6%

Other news: NOK -1.5% (likely trading lower in sympathy with peer ERIC (ERIC initiated with Sell at CS), SRC -1.3% (upsizes offering by 3 mln shares and prices 30 mln shares of common stock at $11.15), CSCO -1.3% (may be in sympathy with JNPR),GWW -1% (in sympathy with FAST (FAST reported earnings))

Analyst comments: FUEL -3.7% (resumed with a Sell at Citigroup), SBUX -2.3% (downgraded to Hold from Buy at Deutsche Bank), ERIC -1.5% (initiated with a Sell at Credit Agricole), PHH -1.1% (downgraded to Neutral from Buy at Sterne Agee CRT),AVP -1% (downgraded to Neutral from Overweight at Piper Jaffray).