Gapping down
In reaction to disappointing earnings/guidance: AMD -8.9%, COH -6.8%, IBKR -4.6%, ABB -4.4%, BOBE -4.3%, PH -3.8%, XLNX -3.7%, IBM -3.4%, FNB -2.7% (light volume), TEL -2.3%, FCX -1.9%, GD -1.8% (light volume), VMW -1.6% (will acquire AirWatch for ~$1.175 bln in cash and ~$365 mln of installment payments and assumed unvested equity; sees Q4 revs slightly above consensus), FE -1.4% (also cuts dividend), TXN -1%, USB -0.7% (light volume), NSC -0.6%, ZION -0.5% ( Updates Effects Of Volcker Rule; The combined impact of the Volcker Rule and the IFR, and Zions' decision to sell certain CDOs, is expected to result in pre-tax securities impairment charges of between $135 million and $145 million), ATI -0.5% .
Financial related names showing weakness: SID -5%, IRE -3.3%, NBG -2.6%, BBVA -2.3%, ING -2.1%, PUK -2%, DB -1.5%, RBS -1.4%, SAN -1.2%.
Select metals/mining stocks trading lower: GFI -2%, AU -1.8%, EGO -1.2% ABX -0.8% (downgraded to Underweight from Neutral at HSBC Securities), BHP -0.3% (downgraded to Neutral from Overweight at HSBC Securities) .
A few European telecom names are lower: PT -1.7%, ORAN -1.4%
Other news: ABIO -12.7% (still checking), AMAG -8.5% (receives Complete Response Letter from U.S. Food and Drug Administration for the Supplemental New Drug Application for Feraheme for the Broader IDA Indication), KERX -5.1% (commences a $90 mln underwritten public offering of shares of its common stock), NKTR -4.8% (files for shelf offering, announces public offering of 8,500,000 shares of common stock), GRPN -2.7% (still checking), CTIC -2.6% (modestly pulling back), SPLK -1.8% (Splunk files for 6,000,000 share common stock shelf offering), ONVO -1.2% ( trading lower after Citron confirmed ONVO short position on CNBC after the close), HPQ -1% (down with IBM), JE -0.9% (announces proposed convertible bond offering and intention to redeem 6.0% convertible debentures due September 30, 2014), MTW -0.9% (sells interest in Manitowoc Dong Yue Heavy Machinery Co; expected to result in loss of $36 mln), SYNA -0.5% (files for ~1.95 mln share common stock offering by selling shareholders).
Analyst comments: MOS -2.7% (downgraded to Sell from Neutral at Goldman ), VZ -0.8% (downgraded to Sector Perform from Outperform at Pacific Crest ), ORCL -0.8% (downgraded to Perform from Outperform at Oppenheimer), TRGP -0.7% (downgraded to Hold from Buy at Jefferies), TRV -0.5% (downgraded to Outperform at RBC Capital Mkts)
Financial related names showing weakness: SID -5%, IRE -3.3%, NBG -2.6%, BBVA -2.3%, ING -2.1%, PUK -2%, DB -1.5%, RBS -1.4%, SAN -1.2%.
Select metals/mining stocks trading lower: GFI -2%, AU -1.8%, EGO -1.2% ABX -0.8% (downgraded to Underweight from Neutral at HSBC Securities), BHP -0.3% (downgraded to Neutral from Overweight at HSBC Securities) .
A few European telecom names are lower: PT -1.7%, ORAN -1.4%
Other news: ABIO -12.7% (still checking), AMAG -8.5% (receives Complete Response Letter from U.S. Food and Drug Administration for the Supplemental New Drug Application for Feraheme for the Broader IDA Indication), KERX -5.1% (commences a $90 mln underwritten public offering of shares of its common stock), NKTR -4.8% (files for shelf offering, announces public offering of 8,500,000 shares of common stock), GRPN -2.7% (still checking), CTIC -2.6% (modestly pulling back), SPLK -1.8% (Splunk files for 6,000,000 share common stock shelf offering), ONVO -1.2% ( trading lower after Citron confirmed ONVO short position on CNBC after the close), HPQ -1% (down with IBM), JE -0.9% (announces proposed convertible bond offering and intention to redeem 6.0% convertible debentures due September 30, 2014), MTW -0.9% (sells interest in Manitowoc Dong Yue Heavy Machinery Co; expected to result in loss of $36 mln), SYNA -0.5% (files for ~1.95 mln share common stock offering by selling shareholders).
Analyst comments: MOS -2.7% (downgraded to Sell from Neutral at Goldman ), VZ -0.8% (downgraded to Sector Perform from Outperform at Pacific Crest ), ORCL -0.8% (downgraded to Perform from Outperform at Oppenheimer), TRGP -0.7% (downgraded to Hold from Buy at Jefferies), TRV -0.5% (downgraded to Outperform at RBC Capital Mkts)