Gapping down
In reaction to disappointing earnings/guidance: CREE -7.8%, DGW -4% (also included third party review update), GIS -1.7%, ADBE -0.8%.
M&A news: BKS -2.7% (ticking modestly lower following reports that the co may not find buyer).
Select financial related names showing weakness: LYG -2.3%, DB -1.6%, HBC -1.1%.
A few CREE peers are under under pressure: RBCN -5.9%, LEDS -4.8%, VECO -3.9%, AIXG -3.6%
Other news: XOMA -38.2% (announced that its Phase 2b trial of XOMA 052 in Type 2 diabetes patients did not achieve the primary endpoint of reduction in glycosylated hemoglobin), PRAN -20.1% (to sell securities to institutional investors in a private placement for aggregate gross proceeds of ~$6,190,992), NCT -5.4% (plans to make a public offering of 15 mln shares of its common stock), BAC -1.7% (discloses comprehensive capital plan sent to the Federal Reserve; Fed objected to proposed increase in capital distributions for the 2H11), TM -1.3% (under pressure following reports co will delay the Japan launch of the Prius wagon and minivan), BIN -1.2% (announces commencement of public secondary offering of common shares by TC Carting III, L.L.C.), YPF -1.1% (weakness attributed to pricing of offering), GNW -0.9% (prices $400 mln debt offering).
Analyst comments: CAG -1.3% (downgraded to Neutral from Buy at Davenport)
Gapping up
In reaction to strong earnings/guidance: TIV +10.7%, JBL +9.6% (also reports update related to Japan operations; may have an impact on the supply of components), CTAS +5.7% (also upgraded to Gradually Accumulate from Hold at Soleil), GIII +4.4%, MILL +2.5%, DFS +2.7%, GRS +2.6%.
Select metals/mining stocks trading higher: BBL +2%, SLW +1.9%, BHP +1.8%, RIO +1.6%, SLV +0.6%, GLD +0.5%, .
A few oil/gas related names showing strength: ROYL +4%, ATPG +1.7%, MPET +1.6%, HERO +1.2%.
Other news: MOTR +6.2% (Cramer makes positive comments on MadMoney), CDII +5.8% (China Vesting upgrades China Direct Industries to the China Dragon Undervalued Index), MOBI +5.5% (Sky-mobi entered into an advertising contract with Sohu), POZN +5.4% (announces licensing deal with Cilag GmbH, a division of Johnson & Johnson (JNJ), for MT 400, migraine treatment), FSCI +3.9% (retains financial advisor to explore alternatives for maximizing the value of Fisher Plaza), AOL +2.7% (reports out overnight that the co is planning to consolidate websites), ARMH +1.8% (reports out overnight that the co is working with Microsoft on processor architectures), ASML +1% (still checking), SPWRA +0.9% (ticking higher, Sunpower and Hawaiian Electric sign solar power agreement).
Analyst comments: PHM +4.1% (upgraded to Buy from Neutral at Goldman), CSX +1.1% (upgraded to Buy at Goldman), BG +1.0% (upgraded to Buy from Hold at Deutsche Bank), ALV +0.9% (initiated with a Buy at Citigroup)
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