Gapping down
In reaction to disappointing earnings/guidance: NMM -28.1%, MTCH -10.2%, NOV -6.7%, CMG -5.8%, ILMN -5.5%,MPC -4.7%, ALXN -4.7%, ATV -4.1%, NVO -3.7%, MRK -2.2%, YHOO -1.7%, (to pursue reverse spin concurrent with other strategic alternatives), SE -1.7%, SNOW -0.8%
Select EU financial related names showing weakness: DB -2.6%, HSBC -1.7%, BCS -1.6%, SAN -1.6%, ING -1.3%
Other news: ANET -7.1% (Arista Networks responds to the Initial Determination made by the Administrative Law Judge today in their International Trade Commission Investigation No. 337-TA-944 ), INFY -5.1% (still checking), SPLS -1.6% (Staples and Office Depot announce the completion of financing arrangements and the extension of their merger agreement )
Analyst comments: MCHP -3.3% (downgraded to Sell from Neutral at Goldman), TER -2.1% (downgraded to Neutral from Buy at Goldman), TXN -1.2% (downgraded to Sell from Neutral at Goldman), HPQ -1% (Tier 1 firm out cautious on PC demand).
In reaction to disappointing earnings/guidance: NMM -28.1%, MTCH -10.2%, NOV -6.7%, CMG -5.8%, ILMN -5.5%,MPC -4.7%, ALXN -4.7%, ATV -4.1%, NVO -3.7%, MRK -2.2%, YHOO -1.7%, (to pursue reverse spin concurrent with other strategic alternatives), SE -1.7%, SNOW -0.8%
Select EU financial related names showing weakness: DB -2.6%, HSBC -1.7%, BCS -1.6%, SAN -1.6%, ING -1.3%
Other news: ANET -7.1% (Arista Networks responds to the Initial Determination made by the Administrative Law Judge today in their International Trade Commission Investigation No. 337-TA-944 ), INFY -5.1% (still checking), SPLS -1.6% (Staples and Office Depot announce the completion of financing arrangements and the extension of their merger agreement )
Analyst comments: MCHP -3.3% (downgraded to Sell from Neutral at Goldman), TER -2.1% (downgraded to Neutral from Buy at Goldman), TXN -1.2% (downgraded to Sell from Neutral at Goldman), HPQ -1% (Tier 1 firm out cautious on PC demand).