Gapping down
In reaction to disappointing earnings/guidance: ICOP -12.2%, ANW -10.9% (also downgraded to Equal-Weight from Overweight at boutique firm), CSCO -7.5% (also downgraded to Market Perform from Outperform at BMO Capital, downgraded to Perform from Outperform at Oppenheimer), EL -7.2%, TK -5.6% (light volume), SLE -5.0% (light volume), AEG -4.5% (light volume), NLST -4.3%, SOMX -3.7%, PRGO -3.4%, GIVN -2.2%, CAGC -1.9%.
Select financial related names showing wqeakness: BCS -4.4%, NBG -4.3%, IRE -3.2%, ING -2.7%, AIB -2.7%, DB -2.7%, LYG -1.8%, BBVA -1.8%, WFC -1.8%, MS -1.6%, STD -1.4%, HBAN -1.4%, HBC -1.3%.
Select metals/mining related stocks trading lower: MT -3.4%, CLF -2.6%, BBL -1.8%, RTP -1.5%, HMY -1.5%, VALE -1.2%, BHP -1.6%, GFI -1.1%.
Select oil/gas related names showing weakness: APC -2.5%, RIG -2.4%, WFT -2.4%, BEXP -2.2%, EP -2.0%, BP -2.0%, CHK -2.0%, SD -1.7%, TOT -1.7%.
Select semiconductors trading lower following BMO downgrade: XLNX -3.7% and ALTR -3.6% (downgraded to Underperform from Market Perform at BMO Capital ), MRVL -3.4%, BRCM -2.5%, INTC -1.0%, ARMH -1.1% and TXN -1.6% (downgraded to Market Perform from Outperform at BMO Capital)... other semis trading lower include: STM -3.1%, ONNN -2.9%, ASML -2.9%, AMAT -1.5%, KLAC -1.0%
Other news: WTU -7.9% (trading ex dividend), MMLP -4.1% (announces commencement of public offering of 1 mln shares), AEIS -3.5% (announces resignation of Chief Financial Officer Lawrence Firestone), BIDU -2.6% and GOOG -1.0% (lower on reports that China Mobile Xinhua are partnering to launch search engine), BCS -2.2% (still checking).
Analyst comments: BRY -5.5% (downgraded to Sell from Neutral at Goldman), JDSU -4.0% (downgraded to Hold at Auriga U.S.A), CIEN -3.2% (downgraded to Hold at Auriga U.S.A), FNSR -2.6% (downgraded to Hold at Auriga U.S.A), NTAP -2.6% (downgraded to Neutral from Buy at Merriman), K -1.8% (downgraded to Neutral from Outperform at Credit Suisse), FLEX -1.8% (downgraded to Sell at Ticonderoga), CME -1.3% (downgraded to Neutral from Buy at Goldman- also removed from Conviction Buy list ), ARO -1.0% (downgraded to Neutral from Buy at Sterne Agee ),
Gapping up
In reaction to strong earnings/guidance: INTT +6.7%, YONG +4.4% (light volume), SLW +1.3%, AAP +1.1%.
Other news: VHC +10.7% (files new lawsuit against multiple companies), NVAX +6.0% (reports positive results from pre-clinical safety study of respiratory syncytial virus vaccine candidate; showed the vaccine to be safe and well-tolerated at all doses tested), AVGO +4.8% (announces withdrawal of secondary offering of 24.84 mln shares), BUD +3.7% (ABV reported results), AIXG +2.2% (discloses substantial multiple order for additional MOCVD tools), CHL +1.9% (ticking higher on reports that the co and Xinhua are partnering to launch search engine), GSK +1.8% (Ezogabine, an investigational anti-epileptic drug, receives positive vote from FDA Advisory Committee), AUY +1.3% (still checking), AEM +1.0% (Cramer makes positive comments on MadMoney).
Analyst comments: EBAY +2.6% (upgraded to Buy from Hold at Citigroup).