>>> US Gapping down


Gapping down
In reaction to disappointing earnings/guidance
:

  • THO -9.1%, RHT -5.7%

Select THO related names showing weakness:

  • WGO -3.5%, CWH -2.7%, PATK -0.5%

Other news:

  • MTEM -12.8% (commences $30 mln common stock offering)
  • CRSP -4.5% (announces proposed public offering of $200 mln of its common shares; files mixed securities shelf offering)
  • DM -3.9% (Dominion Energy announced that it has made an offer to Dominion Energy Midstream Partners to acquire all outstanding common units not owned by Dominion Energy in exchange for Dominion Energy common shares)
  • KOS -3.8% (indicated lower on block trade pricing)

Analyst comments:

  • GDS -5.3% (initiated with a Sell at Berenberg; tgt $16 (stock closed at 33.99 yesterday))
  • BRKR -3.2% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
  • SKX -3.1% (downgraded to Market Perform from Outperform at Cowen)
  • SFIX -2.8% (downgraded to Neutral from Overweight at Piper Jaffray)
  • FTNT -1.6% (downgraded to Neutral from Buy at BofA/Merrill)
  • SLCA -1.2% (downgraded to Sector Perform from Outperform at RBC Capital Mkts)