Gapping down
In reaction to disappointing earnings/guidance: SWHC -7.1%, NSM -5.8%, QXM -3.2%, TXN -1.0%.
Other news: LAQ -21.3% (trading ex dividend and post split), CNAM -6.8% (provides impact on Jiangsu Province Power Restrictions; expected to impact its revenue in 2010 by as much as $40 mln), CMO -2.4% (declares Q3 dividend of $0.26/share, down from $0.36/share), TRW -2.3% (announced the underwritten public offering of 7.5 mln shares of its common stock), EDMC -2.2% (urges Department of Education to reconsider gainful employment rule), ELN -2.1% (ticking lower on light volume on reports of potential director insider trading), BSX -1.9% (weakness attributed to tier 1 firm downgrade), RIMM -1.8% (coming under pressure over the past hour as headlines report that some firms are considering alternatives to RIMM's Blackberry), ADBE -1.3% (pulling back from yesterday's 3 point jump after AAPL news on relaxed restrictions on the development tools used to create iOS apps; also downgraded at tier 1 firm), BUD -1.2% (still checking).
Analyst comments: VE -1.7% (downgraded to Underperform from Outperform at Exane BNP Paribas), OMI -1.6% (downgraded to Neutral from Outperform at Credit Suisse), INTU -1.3% (downgraded to Neutral from Buy at UBS ), MTL -1.2% (downgraded to Neutral from Buy at Goldman).
Gapping up
In reaction to strong earnings/guidance: LULU +6.7%, CROX +2.3% (reaffirms guidance ahead of conference).
Select financial related names showing strength: LYG +3.1%, RBS +1.6% (upgraded to Buy from Hold at Citigroup), HBC +1.0%, DB +0.9% (modestly rebounding from yesterday's intraday pullback following offering speculation; CNBC said could be as early as next week).
Select European drug names ticking higher: AZN +1.1%, SNY 0.7%.
Other news: NOK +5.5% (appoints Stephen Elop to President and CEO effective 9/21/10; upgraded to Buy from Hold at RBS), AEO +4.1% (Chairman/10% owner bought 500K shares at $13.50-13.58 ), JKS +3.3% (rebounding from yesterday's 2 point pullback; also passes California Energy Commission's module tests and becomes eligible for California's solar electric incentive programs in Senate Bill 1), JASO +2.6% (announces financial partnership agreement with China Development Bank for up to RMB 30 bln of financing and credit facility), RYAAY +2.0% (still checking for anything specific), SOLR +1.5% (announces the pricing of the secondary offering of 11 mln shares of its common stock at a price to the public of $7.39 per share), CCE +1.1% (strength attributed to tier 1 firm upgrade), MDCO +1.0% (provides PTO litigation update).
Analyst comments: CSC +3.0% (upgraded to Buy from Hold at Jefferies), LEN +1.0% (initiated with Buys at Keybanc).