Gapping down
In reaction to disappointing earnings/guidance: TITN -8.9%, FRPT -5.9%, KKD -5.3%, YUM -4.7%, (sees FY15 adjusted EPS growth of at least 10% (vs Capital IQ Consensus Estimate of approx +17.3%), BRCM -1.2%, NCS -1.2%, IMOS -0.9% (Nov revs and Q4 guidance), GPT -0.7%, (also agreed to acquire a portfolio of 12 single-tenant net lease assets from Dividend Capital Diversified Property Fund for ~ $399 mln; announces public offering of 45 mln shares of common stock, LE -0.7%, PHX -0.6%, TOL -0.5%
Select oil/gas related names showing early weakness: LINE -3.2%, SDRL -2.5%, HAL -1.8%, STO -1.6%, CNX -1.4%, RIG -1.3%, SLB -1.3%, BHI -1.3%, COP -1.2%, PBR -1%
Other news: PLG -11.2% (discontinues 150,000 unit offering of senior unsecured notes and common share purchase warrants; executes term sheet; announces us$110 million bought deal financing), GDP -9.5% (announced a preliminary capital expenditure budget for 2015 of $150 -- 200 mln; authorized management to explore strategic alternatives for all or a portion of the Company's Eagle Ford Shale asset), CMTL -8.9% ( completes review of strategic alternatives; Co to remain independent), TPLM -7.3% (following 40%+ move higher yesterday), IG -5.2% (announces proposed offering of $125 million of convertible senior notes due 2019), NBG -4.3% (Athens stock index falls another 2% overnight), NQ -3.6% (still checking), NAO -3.3% (Nordic American Tanker (NAT) increases ownership in NAO to 19.2%), CVEO -2% (to be replaced in the S&P MidCap 400 by KLX Inc.), GME -1.9% (negative commentary on Tuesday's Mad Money), GSK -1.8% (still checking), AGIO -1.4% (files mixed securities shelf offering; is offering to sell up to $175 mln of its common stock), OAS -1.3% (continues to anticipate producing between 47-49K barrels of oil equivalent per day in Q4 of 2014), KITE -1.3% (filed amended S-1 for sale of 3 mln shares of common stock), BP -0.8% (presents Upstream strategy to investors; expects $1 billion in Group-wide restructuring charges over coming year)
Analyst comments: ALLT -5.6% (downgraded to Underperform from Buy at BofA/Merrill), DDD -1.6% (initiated with an Underperform at Longbow), RDS.A -1.1% (downgraded to Hold from Buy at Deutsche Bank), RCL -1% (downgraded to Sell at Danske Bank, downgraded to Neutral from Buy at Swedbank), SHOO -0.8% (downgraded to Neutral from Buy at Goldman), GS -0.7% (downgraded to Neutral from Positive at Susquehanna), DIS -0.5% (downgraded to Hold from Buy at Topeka Capital Markets).
In reaction to disappointing earnings/guidance: TITN -8.9%, FRPT -5.9%, KKD -5.3%, YUM -4.7%, (sees FY15 adjusted EPS growth of at least 10% (vs Capital IQ Consensus Estimate of approx +17.3%), BRCM -1.2%, NCS -1.2%, IMOS -0.9% (Nov revs and Q4 guidance), GPT -0.7%, (also agreed to acquire a portfolio of 12 single-tenant net lease assets from Dividend Capital Diversified Property Fund for ~ $399 mln; announces public offering of 45 mln shares of common stock, LE -0.7%, PHX -0.6%, TOL -0.5%
Select oil/gas related names showing early weakness: LINE -3.2%, SDRL -2.5%, HAL -1.8%, STO -1.6%, CNX -1.4%, RIG -1.3%, SLB -1.3%, BHI -1.3%, COP -1.2%, PBR -1%
Other news: PLG -11.2% (discontinues 150,000 unit offering of senior unsecured notes and common share purchase warrants; executes term sheet; announces us$110 million bought deal financing), GDP -9.5% (announced a preliminary capital expenditure budget for 2015 of $150 -- 200 mln; authorized management to explore strategic alternatives for all or a portion of the Company's Eagle Ford Shale asset), CMTL -8.9% ( completes review of strategic alternatives; Co to remain independent), TPLM -7.3% (following 40%+ move higher yesterday), IG -5.2% (announces proposed offering of $125 million of convertible senior notes due 2019), NBG -4.3% (Athens stock index falls another 2% overnight), NQ -3.6% (still checking), NAO -3.3% (Nordic American Tanker (NAT) increases ownership in NAO to 19.2%), CVEO -2% (to be replaced in the S&P MidCap 400 by KLX Inc.), GME -1.9% (negative commentary on Tuesday's Mad Money), GSK -1.8% (still checking), AGIO -1.4% (files mixed securities shelf offering; is offering to sell up to $175 mln of its common stock), OAS -1.3% (continues to anticipate producing between 47-49K barrels of oil equivalent per day in Q4 of 2014), KITE -1.3% (filed amended S-1 for sale of 3 mln shares of common stock), BP -0.8% (presents Upstream strategy to investors; expects $1 billion in Group-wide restructuring charges over coming year)
Analyst comments: ALLT -5.6% (downgraded to Underperform from Buy at BofA/Merrill), DDD -1.6% (initiated with an Underperform at Longbow), RDS.A -1.1% (downgraded to Hold from Buy at Deutsche Bank), RCL -1% (downgraded to Sell at Danske Bank, downgraded to Neutral from Buy at Swedbank), SHOO -0.8% (downgraded to Neutral from Buy at Goldman), GS -0.7% (downgraded to Neutral from Positive at Susquehanna), DIS -0.5% (downgraded to Hold from Buy at Topeka Capital Markets).