Gapping down
In reaction to disappointing earnings/guidance: N/A
M&A news:
In reaction to disappointing earnings/guidance: N/A
M&A news:
- PX -1.7% (Praxair and Linde (LNAGF) confirm break off preliminary merger talks)
- HPQ -0.9% (HP to acquire Samsung's (SSNLF) printer business for $1.05 bln)
Select EU financial related names showing weakness:
- DB -3.1%, RBS -3%, LYG -2.8%, BCS -2.3%, BBVA -2.2%, HSBC -1.9%, CS -1.7%, ING -1.5%
Select China related names showing weakness with Shanghai down 2% overnight:
- MOMO -6.2%, YY -4.1%, WB -2.9%, SINA -2.8%, JD -2.3%, BIDU -1.7%, BABA -1.7%
Select metals/mining stocks trading lower:
- BBL -3.9%, AG -3.4%, BHP -3.1%, CLF -2.9%, FCX -2.7%, RIO -2.1%, MT -1.9%, X -1.6%, SAND -1.5%, SAND -1.5%, GDX -1.5%, GG -1.4%,SLV -1.2%, HL -1.2%
Select oil/gas related names showing early weakness:
- APC -2%, WLL -2%, CHK -1.6%, SDRL -1.3%, TOT -1.1%
Other news:
- GERN -28% (The co will provide an update on the imetelstat Phase 2 trial in myelofibrosis and Phase 2/3 trial in myelodysplastic syndromes)
- AMRN -12.3% (announces interim efficacy analysis for the REDUCE-IT)
- QGEN -2% (provides statement regarding preliminary injunction; confirms intent to defend its US IP position)
- AAL -1.7% (reports August 2016 traffic), YHOO -1.5% (likely in sympathy with BABA)
- AMD -1.2% (tenders up to $1,035 mln for its outstanding 6.75% Senior Notes due 2019, 7.75% Senior Notes due 2020, 7.50% Senior Notes due 2022 and 7.00% Senior Notes due 2024)
- RH -1% (pulling back following Friday's advance post earnings)
Analyst comments:
- SALE -6.4% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
- RUBI -5% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
- TRUE -4.4% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
- CHRW -1.5% (downgraded to Equal Weight from Overweight at Barclays)
- OXY -1.2% (downgraded to Underweight from Neutral at JP Morgan)
- TGT -1% (downgraded to Market Perform from Outperform at Cowen)