>>> US Gapping down

Gapping down
In reaction to disappointing earnings/guidance
: ORCL -2.7%

Select EU financial related names showing weakness following the DB news (see below):
  • RBS -5.8%, CS -5.6%, BCS -3.4%, SAN -2.9%, ING -2.4%, PUK -2%
Select oil/gas related names showing early weakness:
  • TOT -2.3%, CHK -1.8%, RIG -1.5%, XOM -1.4%, PBR -1.3%, BP -1.3%, RDS.A -1.1%, MRO -1.1%, SLB -1%
Other news:
  • NVAX -85.4% (Announces Topline RSV F Vaccine Data from Two Clinical Trials in Older Adults; Topline data from the Resolve™ Phase 3 trial did not meet pre-specified efficacy objectives)
  • CAPR -15.1% (to offer shares of its common stock in an underwritten public offering; size not disclosed )
  • DB -8.8% (DOJ is said to have proposed that Deutsche Bank pay $14 bln to settle an outstanding probe relating to mortgage-securities, according to the WSJ)
  • MGT -7% (following investor presentation / call detailing goals for the next 3-6 months)
  • VIP -5.8% (offering of 142.5 mln ADSs, by selling shareholders, at $3.50 per ADS)
  • TVPT -3.6% ( announces underwritten public offering of 7,986,979 common shares by selling shareholders)
  • SNE -2.8% (still checking)
  • CALD -2.4% (prices offering of 5.1 mln shares of common stock at $18.25 per share)
  • SITO -2% (to offer and sell shares of common stock in an underwritten public offering)
  • NOK -2% (still checking)
  • AERI -1.7% (commences $50 mln common stock offering; files for share common stock shelf offering for an indeterminate amount)
  • SAP -1.4% (in sympathy with ORCL)
Analyst comments:
  • MKC -1.4% (downgraded to Neutral from Buy at Goldman)
  • FOXA -1.2% (downgraded to Mkt Perform from Outperform at Bernstein)
  • C -0.9% (downgraded to Neutral from Buy at Goldman)