>>> US Gapping down

Gapping down
In reaction to disappointing earnings/guidance
: FOSL -33.9%, CJES -25.2%, TRXC -18.4%, QTM -13.7%, FELP -13.3%, CYTX -11.1%, ZAGG -10.1%, WATT -7.7%, YGE -7.6%, M -7.5%, FOGO -6.9%, SRT -5.8%, NUAN -5.5%, DIS -5.1%, ALRM -4.9%, XONE -3.4%, TM -3.3%, ATSG -3.2%, DGLY -3.1%, WGBS -3%, NAME -2.8%, MTSC -2.6%, LRAD -2.4%, AVXL -2%, SCSC -1.9%, EFOI -1.7%, HLIT -1.5%, NATR -1.4%, AMRS -1.3%, JAZZ -1.2%, ZIOP -1.1%, ECPG -1%

M&A news: ODP -35% (Judge grants the FTC's request for a preliminary injunction to block the proposed merger with Staples (SPLS -10.1%), SPLS -15.1% (Judge grants the FTC's request for a preliminary injunction to block the proposed merger with Staples (SPLS -10.1%)

Select EU financial related names showing weakness: CS -5.3%, DB -2.7%, SAN -1.9%, BCS -1.8%, HSBC -1.4%


Other news: ERF -5.3% (announces CAD 200 mln bought deal financing), JCP -3.6% (in sympathy with M (reported earnings)), MOV -3.6% (in sympathy with FOSL (reported earnings)), KSS -3.6% (in sympathy with M (reported earnings)), HPP -3.2% (prices offering of 10,600,000 shares of common stock by co and selling shareholders), TGT -2.6% (in sympathy with M (reported earnings)), LPI -2% (prices offering of 9,500,000 shares of its common stock for total gross proceeds of ~$105.9 mln), ALR -1.8% (does not anticipate filing the Quarterly Report within the five day extension provided)

Analyst comments: N/A