Gapping down
In reaction to disappointing earnings/guidance: KKD -13.6%, GMAN -8.2%, THO -4.4%, YUM -1.8%, (reconfirms its full-year 2013 EPS forecast of high-single to low double-digit decline versus prior year).
Select metals/mining stocks trading lower: GFI -3.4%, GOLD -2.4%, MT -1.7%, MT -1.7%, BHP -1.4%.
Select oil/gas related names showing early weakness: SDRL -4.2% (Seadrill sells the semi-submersible rigs West Leo and West Sirius to Seadrill Partners), WES -4.1% (announces 4.5 mln common unit offering), PBR -3.2%, RIG -1%, BP -0.3% (has won a US appeal to avoid some Gulf spill payments, according to reports) .
A few telecom names are trading lower: ORAN -5%, TSU -1.9%
Other news: OCZ -38.5% (Toshiba to purchase assets of OCZ Technology), LXRX -12.5% (completes Phase 2 study Of LX1033 In IBS-d; differences between placebo and LX1033 in stool consistency were not statistically significant), TAXI -8.2% (announced that it has commenced an underwritten public offering of 2,900,000 shares of its common stock), ECTE -6.8% (files for ~3.226 mln unit offering, with each unit consisting of one share of common stock and one warrant to purchase one share of common stock), GTAT -4.4% (files mixed securities shelf offering), VE -3.4% (still checking), CLVS -3.2% (announces proposed secondary offering of 2 mln shares of common stock by selling stockholders), SRPT -3% (still checking), NOK -2.5% (still checking), V -2% (attributed to shares being offered below the closing price), JRCC -1.8% (following strength on comments by EPA Administrator Gina McCarthy that said the agency would give states flexibility in meeting carbon emission requirements), ST -1.6% (announces offering of 15.5 mln ordinary shares by selling shareholders and 4.5 mln share repurchase), SALE -1.5% (files for $75 mln series 1 common stock offering by selling shareholders), RM -1.2% (announces secondary offering of ~2.04 mln shares of common stock), NCLH -1.2% (announces launch of a secondary public offering of 22 mln of its ordinary shares by Star NCLC Holdings and certain funds affiliated with Apollo Global and TPG Global), NDLS -1.2% (commences proposed 4.5 mln common stock offering), HTZ -1.1% (Tom Kennedy appointed Hertz CFO ), OSIR -1% ( announces C. Randl Mills will be stepping down as President and CEO for personal reasons), SI -1% (still checking), SNY -1% (reports new Phase 3 results for investigational new insulin U300), .
Analyst comments: FIO -3.7% (downgraded to Neutral from Buy at UBS), XEL -1% (downgraded to Neutral from Buy at Goldman), PFE -1% (removed from Conviction Buy list at Goldman ), DIS -0.7% (downgraded to Neutral from Buy at B. Riley & Co), OHI -0.6% (removed from Conviction Buy list at Goldman)