TheChek News Flow

In reaction to disappointing earnings/guidance: ARO -16.2%, SCVL -12.2%,ARUN -10.8%, VNET -5.2%, MENT -2.5%, YOKU -2.2%, CPWR -1.3%, MRVL-1.2%, DRYS -1%, ROST -0.9%, GPS -0.5%.

Other news: CSUN -8.6% (filed for $45 mln offering of ordinary shares or warrants), KERX -5.2% (receives notification of PDUFA date extension for Zerenex), YNDX -4.7% (Law enforcement starts search of YNDX offices related to Aleksey Navalny fundraising), INO -4.5% (announces 1 For 4 reverse split), MTDR-4.1% (announces commencement of public offering of 7.5 mln shares of Common Stock), HMC -2.2% (Thailand unit plans to lower output amid turmoil, according to reports), CTIC -1.4% (possible pull back from yesterday's gains), DEO -1.1% (potentially in sympathy with Remy Cointreau downgrade at HSBC), BUD -1% (potentially in sympathy with Remy Cointreau downgrade at HSBC), LNG -0.7% (BB story that LNG cos may see more competition amid China/Russia gas deal).

Analyst comments: SALE -2.5% (downgraded to Hold at Stifel), GAIN -1.7% (downgraded to Neutral from Buy at Ladenburg Thalmann), PUK -1.4% (Prudential Plc removed from Buy list at Goldman), AFL -0.5% (downgraded to Equal-weight from Overweight at Barclays).

In reaction to strong earnings/guidance: TFM +10.1%, BORN +7.9%, TIVO+6%, GME +4.2%, ORIG +3.8%, NWY +3.2%, NDSN +2.6%, FL +2.3%, BRCD+1.5%, ZUMZ +0.9%, AMAP +0.5%.

DDD +1.4% following Fast Money mention and related names showing strength: XONE 2.3%, DDD 1.4%, SSYS 0.5%.

Other news: PTCT +131.7% (receives positive opinion from CHMP for Translarn),FLTX +38.9% (still checking), RNA +11.8% (in sympathy with PTCT), ZIOP +9% (announces oral presentation highlighting Ad-RTS-IL-12 results correlated with reducing cancer stem cells in the brain at ASGCT 17th Annual Meeting ), OWW+5.2% (prices 7.5 mln shares of its common stock held by Selling Stockholder, at $6.60 per share), ISIS +5% (Hearing positive comments at Piper Jaffray--suggesting may have best pipeline), GTAT +4% (ticking higher on story suggesting Samsung (SSNLF) use of sapphire display technology), WAVX +2.2% (positive Mad Money mention), ALU +1.9% (reports of Thales unit sale), TMUS +1.3% (reports suggesting TMUS overtook Sprint (S) as #3 mobile carrier), TXRH +1.2% (approves stock repurchase for up to $100.0 mln of co's common stock), BIIB+1.1% (CHMP adopts Positive Opinion for PLEGRIDY as a treatment for multiple sclerosis in EU), JD +1% (recent IPO, positive Mad Money mention), NAVI +0.8% (announced $400 mln share repurchase program; declares $0.15 per share dividend), WFM +0.6% (following TFM results; Regional President discloses purchase of 13,686 shares at $37.44), CAB +0.5% (positve Mad Money mention).

Analyst comments: FEYE +2.9% (upgraded to Overweight from Equal-weight at Barclays), RBCN +1.7% (upgraded to Perform from Underperform at Oppenheimer), LB +0.8% (upgraded upgraded to Buy from Hold at Stifel)

- NOYER ASKED ABOUT BNP CHARGES IN U.S.

- Noyer Urges EU Banks to be Cautious After Change in US Rules

-Noyer Declines to Comment on Whether in Contact with US Authorities on BNP Paribas

US Market closed Higher, With Small Cap leading the move, Overall, countercyclical sectors fared a bit better than their growth-sensitive peers. Of the four defensively-oriented groups, the consumer staples space (-0.2%) was the lone laggard, while health care (+0.5%), telecom services (+0.5%), and utilities (+0.8%) outperformed, Outside of technology, the remaining cyclical groups finished in mixed fashion as consumer discretionary (+0.5%) and financials (+0.4%) outperformed, while energy (-0.2%), industrials (+0.2%), and materials (+0.2%) lagged...Volume still light @ 565Mil shares...VIX @ 12,03 +1%...Asian indices are holding up reasonably well considering the geopolitical risk creeping up in different parts of the region...China stocks are up modestly with both the Hang Seng and Shanghai Comp up about 0.1%. China Apr Conference Board index growth slowed to match a 4-month low of 0.9%, as CB resident economist noted the "overall expansion remains weaker than the latter half of 2013 and underlying volatility in the economy has increased"...Nikkei +0,88% HS+0,09% Shanghai+0,40%

Eur$ 1,3648 S&P Fut+0,04% European Fut. -0,10%

Macro

- Spain Credit Rating Raised to BBB From BBB- at S&P

- Greece Rating Raised to B at Fitch; Outlook Stable

- China Banks’ Shipping Move ‘Bit Worrisome’, Deutsche Bank Says {NSN N5Z6HE6K50XY <go>}

Keep an eye on :

- ALO FP : *GE TO EXTEND DEADLINE FOR ALSTOM BID TO JUNE 23 AT GOVT REQUEST

- ANN GY : Deutsche Annington New Overweight as Barclays Sees 26% Upside

- OUT1V FH : Outokumpu to Merge 25 Shares Into 1 Share

- RWE GY : German Utilities Want Mueller for Nuclear Talks: Handelsblatt

- SMIN LN : Smiths Group Sees Lower Profitability in Smiths Detection

- STVB FH : Stockmann Board Starts to Review, Revise Existing Strategy

- TLW LN: Tullow's Shimela-1 Ethiopian Well Finds Water-Bearing Reservoirs