Gapping down
In reaction to disappointing earnings/guidance/SSS: BLUD -18.0%, HIMX -7.9%, MAR -4.9%, BEBE -4.9% (light volume), GPS -3.1%, PEP -2.1%, RT -1.9%, CLU -1.3%, TGT -1.0%.
Other news: AUMN -9.6% (announces equity financing), ISPH -5.5% (files $150 mln mixed securities shelf offering ), IVR -4.3% (announces an 8.5 mln share commons stock offering), VNR -4.2% (announces a 4.15 mln share common unit offering representing limited liability company interests in the co), AUO -4.1% (early weakness attributed to reports that the co is planning convertible bond sale), REGN -4.0% (will offer 4.5 mln shares of common stock pursuant to that shelf), AIB -3.1% (proposed disposal of the M&T shareholding pricing of public offering of contingent mandatorily exchangeable notes), PVX -2.2% (announces plans for corporate conversion, corporate dividend policy; sees FY10 EBITDA at lower end of guidance).
Analyst comments: DPS -1.7% (downgraded to Underperform from Outperform at Credit Agricole), CTL -0.8% (downgraded to Hold from Buy at Stifel Nicolaus).
Gapping up
In reaction to strong earnings/guidance/SSS: MASC +5.5% (thinly traded), ANF +5.5%, LTD +3.7%, AEO +3.3%, ARO +2.8%, M +0.6%.
Select financial related names showing strength: FITB +1.5%, CS +1.4%, DB +1.3%, IRE +1.3%, LNC +1.1%, BCS +0.8%.
Select solar names trading higher: JASO +1.9% (announces supply agreement for 13mw of mono-crystalline solar cells with a leading U.S. solar manufacturer; delivery begins in Q3 and will continue through remainder of 2010), FSLR +1.7% (announces 380 megawatt increase in orders for 2011), SOLF +1.1%.
Select metals/mining stocks trading higher: MT +2.7%, NG +2.4%, PAL +1.8%, AA +1.6%, BHP +1.5%, SLV +1.4%, ABX +1.2%, EGO +1.2%, AUY +1.0%, GOLD +0.7%.
Other news: ALVR +17.5% (Alvarion and Barrett Xplore sign multi-year agreement valued at over $75 mln to deploy a 4g network across Canada), ITMN +10.4% (sells Danoprevir rights to Roche for $175 mln), CHC +7.6% (ticking higher... still checking), BIOF +6.7% (continued momentum; EPA ruling next week on blending levels for ethanol into gasoline), CMTL +5.9% (CEO, CFO and VP disclose buying 6,725 shares at $27.32-28.31 on 10/4-10/6), WFR +4.6% (JPMorgan to finance an estimated $60 mln for SunEdison solar projects across the U.S.; upgraded to Hold at Wunderlich), AFFY +3.4% (says arbitration panel has determined that Affymax and JNJ are co-owners of certain intellectual property), NOK +2.2% (Nokia Siemens to deploy LightSquared nationwide network), RYAAY +1.9% (still checking for anything specific), AZN +1.4% (still checking).
Analyst comments: CLMS +2.5% (upgraded to Outperform from Market Perform at Keefe Bruyette), VE +2.0% (upgraded to Buy from Neutral at UBS), CROX +1.9% (initiated with Buy at Sterne Agee; tgt $19), CRM +1.0% (upgraded to Overweight from Neutral at Piper Jaffray).