In reaction to disappointing earnings/guidance: STP -20.5%, PAY -20.0% (also downgraded to Neutral at JPMorgan), GME -7.6%, WGOV -7.2%, SMTC -3.6%… Select solar names trading lower following STP results: TSL -11.6%, YGE -7.7%, CSIQ -6.9%, FSLR -5.1%, JASO -3.5%, SOLF -3.4%… Select financials trading lower: PUK -13.4% (following weakness in trading overseas), LNC -5.5%, ING -5.2%, DB -3.4%, GS -3.0%, JPM -2.5%, USB -2.0%, C -1.9% (Saudi Prince Alwaleed plans to boost Citi stake back to 5% - DJ), BAC -1.2%, MER -1.0%, WFC -1.0%… Select metals/mining names showing modest weakness: BHP -3.4%, MT -2.5%, RIO -2.0%, RTP -2.0%, BBL -1.3%… Select oil/gas names showing weakness with crude lower: CHK -3.4%, NOV -3.3%, RDS.A -3.0%, PBR -2.4%, BP -2.3%, COP -2.3%, XOM -1.9%, CVX -1.8%… Other news: GENT -26.2% (provides an update on the Phase 3 treatment trial of Defibrotide for Severe Veno-Occlusive Disease), DRYS -8.2% (showing weakness with Baltic Dry Index closing lower for the second straight session), GM -6.8% (Auto makers’ rescue drive stalls - WSJ), GE -2.5% (in talks with four Asian sovereign wealth funds - Bloomberg.com), VIP -2.4% (still checking), MSFT -1.1% (files 8-K related to co’s presentation of gains and losses resulting from foreign currency remeasurements)… Analyst comments: EGLE -10.9% (downgraded to Underperform at JPMorgan).
In reaction to strong earnings/guidance: PETM +11.1%, COIN +10.6% (light volume), GYMB +6.1% (also upgraded to Overweight at JPMorgan), MW +4.5%, PEP +4.0%, BKE +3.4% (light volume), HOTT +2.1% (also upgraded to Buy at Pali Capital), INTU +1.0%… Select gold related stocks showing strength: GOLD +8.7%, AU +5.0%, HMY +4.5%, AAUK +3.6%, GG +3.4%, AEM +3.1%, GFI +2.3%, GLD +1.7%… Select European financials trading higher: IRE +20.4%, RBS +17.2%, BCS +5.2%, UBS +4.1%… Other news: INFI +11.0% (global strategic alliance with Purdue Pharma and Mundipharma encompassing Infinity’s early clinical and discovery programs), EYE +5.8% (discloses plan to reduce its fixed costs, includes reduction of ~5% of the global workforce), HITT +4.7% (will replace Sunrise Senior Living in the S&P SmallCap 600), OIS +3.6% (will replace SCSS in the S&P SmallCap 600), AXYS +2.0% (will replace ManTech International in the S&P SmallCap 600), IWOV +1.9% (will replace CPY in the S&P SmallCap 600), HPQ +1.0% (Cramer makes positive comments on MadMoney)… Analyst comments: CPHD +6.1% (initiated with Buy at Needham), ATR +3.0% (upgraded to Buy at Merrill), YHOO +1.1% (upgraded to Buy at Needham).
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