Gapping down
In reaction to disappointing earnings/guidance: CWTR -31.0% (also downgraded to Neutral from Overweight at Piper Jaffray), INFN -29.9% (also downgraded to Hold from Buy at Soleil, downgraded to Hold from Buy at Stifel Nicolaus following the qtr), SVU -7.3%, EXAC -5.9% (thinly traded), VMW -4.6%, WFT -3.9%, AAPL -3.8%, IBM -3.2%, STT -2.7%, LMT -2.2%, STLD -1.0% (light volume), HOG -0.9% (light volume), BK -0.8%.
Select financial related names showing weakness: ING -3.1%, BCS -1.8%, AIG -1.2%, IRE -1.2%, HBC -1.1%, IBN -1.1%, C -1.0%.
Select metals/mining stocks trading lower: HL -3.6% (downgraded to Neutral from Buy at UBS), RIO -3.4%, FCX -3.2%, EGO -3.0%, NG -2.8%, ABX -2.8%, AEM -2.7%, GRS -2.6%, PAL -2.6%, SLW -2.5%, GG -2.5%, BHP -2.4%, NGD -2.4% (downgraded to Neutral from Buy at UBS), TC -2.4% (downgraded to Neutral from Buy at UBS), BBL -2.2%, GOLD -2.1%, GLD -1.0%, GDX -0.9%, .
Select oil/gas related names showing weakness: STO -2.8%, BP -2.4%, RDS.A -2.1%, REP -1.8%, E -1.6%, HAL -1.4%, SLB -1.4%.
Select VMW peers and "cloud" related computing stocks under pressure following VMW earnings/guidance: CRM -3.2%, FFIV -2.3%, RVBD -2.2%, CTXS -2.2%, RDWR -2.1%, RHT -1.6%, NTAP -1.0%.
Select CWTR peers under pressure: TLB -3.0%, CHS -3.5%, ANN -1.3%.
Other news: OGXI -18.7% (commencing a public offering of its common stock and warrants to purchase shares of its common stock), KCI -10.8% (Court held that the patent claims licensed by KCI from Wake Forest University and asserted in this litigation are invalid), HT -7.2% (announced the commencement of a public offering of 21,000,000 common shares of beneficial interest), CBST -6.9% (files for shelf offering of $250 mln Convertible Senior Notes due 2017), BKCC -6.8% (plans to make a public offering of 6 million shares of its common stock; proceeds of offering to make investments in portfolio cos, repay debt owed under credit facility, and for general corporate purposes), KRO -6.6% (announced that it plans to publicly offer 7.8 million shares of its common stock), ARMH -3.2% (down in sympathy with AAPL), MSFT -2.5% (says Ray Ozzie to step down as Chief Software Architect - CNBC), ACI -2.2% (discloses it received imminent danger orders), RIMM -2.0% (iPhone sales of 14.1 million were up 91 percent year-over-year, handily beating the 12.1 million phones RIMM sold in their most recent quarter), DELL -1.6% (trading in sympathy with IBM), SNN -1.5% (court issued a decision in the patent litigation between Kinetic Concepts, Wake Forest University and Smith & Nephew).
Analyst comments: RNOW -2.8% (downgraded to Mkt Perform at FBR Capital), VMC -2.1% (downgraded to Sell from Hold at Citigroup). DGX -2.0% (downgraded to Market Perform from Outperform at William Blair), CODI -1.4% (downgraded to Neutral from Buy at Janney Montgomery), FLR -1.1% (downgraded to Neutral from Buy at Goldman).
Gapping up
In reaction to strong earnings/guidance: PH +7.8%, ICUI +4.8%, COF +4.1%, UNH +3.2%, PII +2.7%, KO +0.7%.
M&A news: CSCX +9.0% (light volume; Cardiac Science Corp to be acquired by Opto Circuit for $2.30 per share).
Other news: MEE +10.3% (strength attributed to article out overnight suggesting the co is seeking strategic alternatives), ELGX +2.0% (announces publication of clinical trial results supporting anatomical fixation with a suprarenal aortic extension; trial demonstrated 100% procedural technical success), ACLS +2.9% (announced that it has received a significant, multiple system order).