Gapping down
China internet/tech related names lower following weakness overseas in tech sector: YOKU -2.6%, QIHU -1.9%, WUBA -1.5%, YY -1.4%, BIDU -0.9% (BIDU for CTRP speculation).
Other news: MNKD -19.9% (updates status of New Drug Application for AFREZZA), PFE -2.4% (novel CDK 4/6 inhibitor palbociclib plus Letrozole significantly prolonged progression-free survival in patients with advanced breast cancer ), DDD -2.4% / SSYS -2.3% (may be attributed to cautious 3D printing WSJ story), MA -1.6% (still checking), TSLA -1.5% (will receive fewer California environmental credits for Model S, according to reports out Friday afternoon), ENB -1.4% ( is currently planning on re-exporting Canadian oil, according to reports), FB -1% (still checking for anything specific), GOOG -0.9% ( files mixed securities shelf offering; plans to introduce Android TV, according to reports), AMZN -0.9% (launched Amazon Dash for grocery delivery), VZ -0.9% (Cincinnati Bell to sell wireless spectrum licenses to Verizon Wireless ), ATVI -0.7% (files for ~41.5 mln share common stock offering by selling shareholders), GTAT -0.6% (announces $58.6 mln Specialty Furnace orders this Q ), GSK -0.3% (investigating bribery in Iraq, according to reports).
Analyst comments: CNVR -3% (downgraded to Sell from Neutral at Goldman), MAT -2.3% (downgraded to Underperform from Market Perform at BMO Capital), STO -2.2% (downgraded to Sell from Neutral at Goldman), AEO -2.2% (downgraded to Underperform from Mkt Perform at Cowen )