Gapping down
In reaction to disappointing earnings/guidance:
- FLR -8.4%, CAG -5.9%, WLK -5.5%, TSEM -5.4%, HSBC -5.1%, GOGL -4.8%, BRKR -4%, AAPL -3%, ALLE -2.9%, MDT -2.7%, VMC -2.5%, RIG -2.2%, GIS -1.5%, WAB -1.4%, BHP -1.3%, WMT -1.1%
Select AAPL suppliers and related names showing weakness:
- TSM -3.4%, LITE -3.1%, SWKS -2.7%, CRUS -2.6%, IIVI -2.1%, QCOM -1.9%, AVGO -1.9%, SMH -1.7%, NVDA -1.5%
Other news:
- AGRX -4.2% (FDA approves AGRX transdermal system)
- YETI -3.3% (commences public secondary offering of 15.0 mln shares of common stock by selling shareholders)
Analyst comments:
- TME -4.4% (downgraded to Sector Weight from Overweight at KeyBanc Capital Markets)
- EIDX -4.1% (downgraded to Underweight from Equal Weight at Barclays)
- PBF -3.7% (downgraded to Sell from Neutral at Goldman )
- KOD -3.3% (downgraded to Equal Weight from Overweight at Barclays)
- SCCO -3.2% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
- AR -3% (downgraded to Sell from Buy at MKM Partners)
- AEO -2% (downgraded to Market Perform from Outperform at Cowen)
- KTB -1.4% (downgraded to Hold from Buy at Stifel)
- ADS -1% (downgraded to Mkt Perform from Mkt Outperform at JMP Securities)
- YNDX -1% (downgraded to Equal-Weight from Overweight at Morgan Stanley)