Gapping down
Select oil/gas related names showing early weakness: STO -13%, EXXI -12.3%, TLM -12.3%, HK -10.5%, SSL -10%, PWE -9.4%, CHK -9.3%, SU -8.5%, RIG -8%, SDRL -7.6%, CLR -7.2%, TOT -7%, PBR -6.3%, RDS.A -6.1%, BP -5.7%, LINE -5.7%, ESV -4.7%, MRO -4.7%, DO -4.6%, APC -4.5%, SLB -4.2%, BHI -4.1%, COP -4%
Select "other energy source" names showing weakness: PLUG -5.3%, CSIQ -4.1%, SUNE -3.1%, BTU -3%
Select metals/mining stocks trading lower: AG -6%, BHP -5.4%, AU -4.8%, GOLD -3.7%, GDX -3.2%, SLV -3.1%, AKS -2%, FCX -1.7%
Other news: AVNR -6.4% (received a Complete Response Letter from FDA for AVP-825 for the treatment of migraines; the FDA did not request that any additional clinical trials be conducted prior to approval), LAKE -5.3% (cont pull back from recent move), TKMR -2% (filed for a $150 mln offering of common shares), CJES -0.5% (announced that it has begun soliciting alternative proposals to purchase the company, or a controlling stake in the company, that are superior to its proposed combination with Nabors' completion and production services business)
Analyst comments: FMS -1.1% (downgraded to Equal-Weight from Overweight at Morgan Stanley), CTRP -1.1% (downgraded to Neutral from Overweight at JP Morgan), HSBC -1.1% (downgraded to Neutral from Buy at Goldman; removed from Pan-Europe Buy List)