Gapping down
In reaction to disappointing earnings/guidance: N/A.
In reaction to disappointing earnings/guidance: N/A.
Select Tech related names showing additional weakness in pre-mkt:
- AMD -4.4%, NVDA -3%, MOMO -2.5%, ATVI -2.1%, AMAT -1.9%, NFLX -1.8%, TSLA -1.8%,MU -1.8%, WDC -1.8%, FEYE -1.6%, MSFT -1.6%, FB -1.3%, AMZN -1.1%
Other news:
- CHRS -32.2% (issued a complete response letter for its biologics license application for CHS-1701)
- VALE -1.2% (successfully completed a $ 2 billion syndicated revolving credit facility, which will be available for five years)
Analyst comments:
- P -3.6% (downgraded to Perform from Outperform at Oppenheimer)
- ADBE -2.9% (downgraded to Sell from Hold at Pivotal Research Group)
- AAPL -2% (downgraded to Neutral from Buy at Mizuho)
- SNN -1.1% (downgraded to Sell from Hold at Investec)
- HSBC -0.8% (downgraded to Sell from Hold at Investec)