With US Futures down 1.5-1.8%, many stocks are trading lower. The following represents stocks trading lower based on identified catalysts
Gapping down
In reaction to disappointing earnings/guidance:
- EDU -11%, SLCA -10.3%, MC -10%, LOGI -8.2%, MMM -7%, CAT -6.1%, DGX -5.4%, WAT -3.8%, AMTD -3.5%, HNI -3%, AVY -2.8%, GPK -2.6%, LMT -1.2%, ZION -0.8%, PHM -0.8%, SNV -0.8%, HXL -0.7%, FITB -0.5%
M&A news:
- ORCL -1.9% (Oracle to acquire DataFox)
- JNJ -0.8% (acquires Ci:z Holdings for JPY230 bln)
Other news:
- TLRY -11% (ongoing volatility; issued additional US$25.0 mln of its 5.00% Convertible Senior Notes due 2023 in a private placement to qualified institutional buyers pursuant to the Initial Purchasers' partial exercise of its 13-day over-allotment option)
- EIGR -10.1% (proposed public offering of common stock)
- AFMD -4.8% (files for $150 mln mixed securities shelf offering )
- PTI -4.6% (to offer 9 mln shares of common stock in an underwritten public offering)
- ANGI -2.8% (files for 7,482,167 share common stock offering by selling shareholders)
- PHG -1.8% (after closing more than 8% lower following earnings)
- CREE -0.9% (announces appointment of Darren Jackson to the position of Chairman of the Board, effective immediately)
Analyst comments:
- ASML -5.3% (downgraded to Neutral from Positive at Susquehanna)
- STX -4.9% (downgraded to Negative from Neutral at Susquehanna)
- AMAT -4.3% (downgraded to Neutral from Positive at Susquehanna)
- LRCX -3.7% (downgraded to Neutral from Positive at Susquehanna)
- MU -3.7% (downgraded to Neutral from Positive at Susquehanna)
- EBAY -3.1% (downgraded to Sector Perform at RBC Capital Mkts)
- NTAP -2.8% (downgraded to Neutral from Positive at Susquehanna)
- DISH -1.7% (downgraded to Underperform from Neutral at Macquarie)
- INN -1.7% (downgraded to Neutral from Buy at BofA/Merrill)
- SRCL -1.5% (initiated with a Underperform at BofA/Merrill)
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