Gapping down
In reaction to disappointing earnings/guidance: INTC -5.4%, ADI -2.5%, SLP -2.2%, USB -2%, C -1.5%, WYNN-1.5%, WFC -1.3%, RF -1.1%, EURN -0.6%
M&A news: GE -1.4% (to divest its Appliance unit to Haier for $5.4 bln)
Select China related names showing weakness with Shanghai -3.5% overnight: CSIQ -9.7%, FCX -6.4%, JMEI-4.8%, JD -4.3%, WBAI -4%, HSBC -3.6%, BABA -3.2%, BIDU -3%
Select semi/PC related stocks trading lower following INTC earnings: STM -4.3%, SWKS -3.8%, ARMH -3.7%,ASML -3.5%, MU -3.1%
Select oil/gas related names showing early weakness: ETE -8.6%, WMB -7.9%, PBR -7.5%, RIG -6.2%, MRO-6.1%, CHK -5.7%, STO -5.4%, RDS.A -5.4%, SSL -5.2%, BP -5.2%, APC -4.3%, PTR -4.1%, BHI -4.1%, HAL-3.9%, DVN -3.7%, SLB -3.2%
Other news: SDRL -9.5% (agrees to delay delivery of 2 ultra-deepwater drillships), BHP -7.6% (to write down ~$4.9 bln on US oil and gas assets), BIOA -5.1% (commenced public offering of its common stock), AKRX -4.4% (engaged BDO USA as the co's independent registered public accounting firm; estimates of errors resulted in an overstatement to net revenue and pretax income from continuing operations of ~$35 mln), GPRO -4% (cont weakness), NFLX -3.8% (trading lower with the futures), TASR -3.7% (The U.S. patent office has confirmed the validity of Co's '292 patent on body camera auto-activiation technology; Co also files lawsuit against TASER (TASR)), ATVI -3.2% (Vivendi (VIVHY) sells remaining stake in ATVI), EPR -3% (prices offering of 2,250,000 of its common shares; terms not disclosed),FCAU -2.5% (reports Dec sales), MRK -1.6% (resolves previously disclosed securities class action lawsuit related to Vioxx for ~$680 mln), GS -1.4% (confirms settlement with RMBS working group; will reduce earnings Q4 earnings by $1.5 bln)
Analyst comments: CNHI -5.9% (initiated with a Underperform at Credit Suisse), GRMN -5.3% (downgraded to Underperform from Neutral at Credit Suisse), H -4.2% (downgraded to Sell from Neutral at Goldman), DIS -3.2% (downgraded to Underweight at Barclays)