>>> US Gapping down

Gapping down
In reaction to earnings/guidance
:
  • RHI -15.4%, EGBN -8.9%, KALU -8.2%, NOK -7.7%, THRM -6.9%, IBM -6.7%, SAH -6.7%, KNX -6.6%, ALK -6.5%, HBNC -6.1%, CNX -5.2%, CCS -5.1%, ASGN -5%, IPG -5%, AUB -4.8%, TOWN -4.7%, TSCO -4.6%, WTW -4.2%, APOG -4.2%, VRE -4.1%, FI -4.1%, LOB -4%, LUV -4% (also proactively reducing capacity in 2H25 due to lower demand), RJF -3.6%, CMG -3.6%, CMCSA -3.6%, MXL -3.5%, PDS -3.4%, CBZ -3.1%, CLB -3%, CHDN -2.8% (also to pause projects to develop The Skye, Conservatory and Infield areas), DAR -2.8%, RLI -2.5%, GSHD -2.4% (also authorizes new $100 mln share repurchase program), XEL -2.4%, FBP -2.4%, CVBF -2.2%, MTH -2.1%, ORLY -2%, BRKL -2%, PKX -1.9%, RNR -1.8%, ROL -1.7%, POOL -1.7%, PG -1.7%, VIST -1.5%, PRCT -1.2%, PCG -1.1%, PEP -1%, BFH -1%
Other news:
  • JACK -6.6% (provides Q2 guidance and long-term plan update; launching strategic alternatives process for Del Taco; discontinuing dividend)
  • LGO -4.3% (reports Q1 production)
  • TATT -3% (files $70 mln mixed shelf offering; also files for offering by selling shareholders)
  • COLB -3% (COLB to acquire PPBI, also reports earnings)
  • MLYS -3% (NEJM publishes results from Phase 2 Advance-HTN trial)
  • AUPH -3% (MKT Capital Ltd. and Lucien Selce issue letter to shareholders)
  • MYTE -2.5% (closes acquisition of YNAP from Richemont)
  • MPX -2.2% (files $150 mln mixed shelf offering; also files for offering by selling shareholders)
  • MCB -1.5% (eyes Q3 for potential dividend)
  • LNKB -1.5% (files $100 mln mixed shelf securities offering)
  • ADC -1.4% (prices offering of 4.5 mln shares of common stock at $75.70 per share)
Analyst comments:
  • AVY -1.3% (downgraded to Neutral from Overweight at JPMorgan)
  • MDLZ -0.8% (downgraded to Neutral from Buy at DA Davidson)