Gapping down
In reaction to disappointing earnings/guidance: LAKE -17.7%, SAM -10%, BGG -6.7%, (light volume), NSU -5.8%, (ticking lower), GOOG -5.4%, V -4.7%, MSFT -4.4%, CAT -4%, SBUX -4%, AN -4.3%, TRN -1.5%, KMB -1.3%, SLB -1.2%, HA -1.1%, (light volume), GE -1.1%, ETFC -0.6%, (light volume).
Auto supplier/service related names are seeing continued weakness with AutoNation earnings weighing on the group today: ABG -1.9%, KMX -1.2%, PAG -1.1%, GPI -1.0% .
Other news: EYES -6.9% (following amended S-1 filing; reports earnings next week), PRGO -5.2% (Perrigo responds to reports concerning its Chairman and CEO Joseph C. Papa but it is company policy not to comment on speculation; WSJ reported that Valeant Pharma looking to name Perrigo Chairman and CEO), JOY -2.6% / DE -1% (following CAT earnings/guidance), BREW-2.4% (light volume following SAM earnings/guidance), MA -1.9% (Visa sympathy), TRXC -1.3% (after yesterday's 50% decline on SurgiBot System FDA determination), FB -1.3% (lower following disappointing MSFT/GOOG earnings), BIDU -1.3% (GOOG sympathy), RIG -1.2% (provides update on fleet), SA -0.5% (Seabridge Gold announces a cross-border public offering of common shares and a concurrent C$10.8 mln bought deal flow-through equity financing at a price of C$24.08/share), CEQP -0.4% (following 40%+ move higher yesterday), SNE -0.2% (Sony to postpone the release of its consolidated results forecast for the Fiscal Year ending March 31, 2017 due to the impact of the 2016 Kumamoto Earthquakes).
Analyst comments: NUE -1% (downgraded to Sell from Outperform at Credit Agricole ), URI -1% (modestly pulling back from yesterday's earnings related strength; downgraded to Underperform from Neutral at BofA/Merril), AXP -0.9% (downgraded to Hold from Buy at Deutsche Bank, also Visa sympathy), JWN -0.5% (light volume, downgraded to Sell from Hold at Evercore ISI), UAL-0.2% ( downgraded to Neutral from Buy at Sterne Agee CRT).
Auto supplier/service related names are seeing continued weakness with AutoNation earnings weighing on the group today: ABG -1.9%, KMX -1.2%, PAG -1.1%, GPI -1.0% .
Other news: EYES -6.9% (following amended S-1 filing; reports earnings next week), PRGO -5.2% (Perrigo responds to reports concerning its Chairman and CEO Joseph C. Papa but it is company policy not to comment on speculation; WSJ reported that Valeant Pharma looking to name Perrigo Chairman and CEO), JOY -2.6% / DE -1% (following CAT earnings/guidance), BREW-2.4% (light volume following SAM earnings/guidance), MA -1.9% (Visa sympathy), TRXC -1.3% (after yesterday's 50% decline on SurgiBot System FDA determination), FB -1.3% (lower following disappointing MSFT/GOOG earnings), BIDU -1.3% (GOOG sympathy), RIG -1.2% (provides update on fleet), SA -0.5% (Seabridge Gold announces a cross-border public offering of common shares and a concurrent C$10.8 mln bought deal flow-through equity financing at a price of C$24.08/share), CEQP -0.4% (following 40%+ move higher yesterday), SNE -0.2% (Sony to postpone the release of its consolidated results forecast for the Fiscal Year ending March 31, 2017 due to the impact of the 2016 Kumamoto Earthquakes).
Analyst comments: NUE -1% (downgraded to Sell from Outperform at Credit Agricole ), URI -1% (modestly pulling back from yesterday's earnings related strength; downgraded to Underperform from Neutral at BofA/Merril), AXP -0.9% (downgraded to Hold from Buy at Deutsche Bank, also Visa sympathy), JWN -0.5% (light volume, downgraded to Sell from Hold at Evercore ISI), UAL-0.2% ( downgraded to Neutral from Buy at Sterne Agee CRT).