>>> US Gapping down

Gapping down
In reaction to disappointing earnings/guidance:

TXT -8.9%, (also acquired ACAT for for $18.50/share) VIVO -8.8%, FMBI -6.3%, EAT -5.6%, FCX -3.3%, CA -2.9%
MIK -2.9%, (Michaels Stores sees Q4 EPS of $0.94-0.96 vs $0.96 Capital IQ Consensus Estimate; announces secondary offering of 18 mln shares)
HA -2.5%, APH -1.8%, UTX -1.2%, STLD -1%, COF -0.9%, DFS -0.9%, TRCO -0.9%, SC -0.7%, RES -0.7%, HOPE -0.6%,BKU -0.6%

Select metals/mining stocks trading lower:

AUY -1.8%, RIO -1.3%, BBL -1.2%, SLV -1%, GFI -0.6%, CLF -0.5%

Other news:

HZN -10.2% ( to offer 3.5 mln shares of common stock and $100.0 mln Convertible Senior Notes due 2022 in separate registered public offerings; updates guidance to reflect impact from Westfalia acquisition)
NAK -7.2% (modestly pulling back following strength early this week)
NCIT -5.9% (NCI says that numerous prior financial statements should no longer be relied upon in connection with the previously disclosed internal investigation), NEWT -5.2% (announces 1.5 mln share common stock offering)
MRCY -2.7% (to offer 5 mln shares of its common stock pursuant to an underwritten public offering )
SSI -2.5% (Varex Imaging will replace Stage Stores in the S&P Small Cap 600)
BHP -0.9% (releases 1H op update; full year production guidance maintained for petroleum, iron ore and coal (copper reduced))
ABX -0.8% (announces preliminary full-year gold production)
ASYS -0.7% (after 45% move higher on Tuesday)
PAA -0.5% (Plains All American announces agreements to acquire Permian Basin gathering system for $1.2 bln and to sell assets for $380 mln; sees Q4 EBITDA near midpoint of guidance; guides FY17 cap-ex)

Analyst comments: