>>> US Gapping down

Gapping down
In reaction to disappointing earnings/guidance
: DRD -15.8%

M&A news: PFE -0.5% (Medivation confirms deal to be acquired by Pfizer for $81.50/share in cash, or ~$14 bln)

Select metals/mining stocks trading lower:
  • SSRI -4.3%, CDE -4.2%, SBGL -4.1%, PAAS -3.6%, AU -3.3%, GOLD -3.1%, HL -2.7%, AUY -2.7%, FCX -2.5%, HMY-2.2%
  • SLW -2.2%, BHP -2.1%, RIO -2.1%, SLV -2%, BBL -1.8%, NEM -1.5%, X -1.3%, CLF -1.3%
Select oil/gas related names showing early weakness:
  • WLL -3.6%, CRC -3%, CHK -2.8%, OAS -2.6%, STO -2.3%, PBR -1.9%, TOT -1.6%, RDS.A -0.9%
Other news:
  • AGIO -9.3% (still checking)
  • SITO -4.5% (files mixed securities shelf offering)
  • XBIT -1.9% (files for 7 mln share common stock offering)
Analyst comments:
  • WDAY -2.2% (downgraded to Hold from Buy at Needham)
  • URBN -1.4% (downgraded to Neutral from Buy at Goldman)
  • MFRM -0.5% (downgraded to Underperform from Mkt Perform at Raymond James)