Naz News, Gappers and FLE's

[baletwine]

Gapping down

In reaction to disappointing earnings/guidance:

ACN -9.5% (also downgraded to Hold at Stifel Nicolaus),
CBK -9.0%,
SAP -5.3% (DJ reports the co confirmed a drop in operating margin for 2009),
PWE -4.9%...

Select financial names pulling back:

UBS -9.3%,
AEG -8.7%,
ING -8.6%,
HIG -4.2%,
C -3.9%,
PUK -3.8%,
FITB -3.7%,
BAC -3.3%,
BBT -3.2%,
COF -3.2%,
C -2.8%,
V -2.2%,
GS -1.9%,
MS -1.8%...

Select metals/mining names showing weakness:

AAUK -5.5%,
BHP -4.9% (downgraded to Neutral from Buy at BofA/Merrill),
BBL -4.8%,
RIO -3.6%,
GG -2.4%,
AUY -3.3%,
GFI -2.4%,
ABX -1.8%,
AU -1.6%,
GLD -1.4%,
HMY -1.1%...

Select oil/gas names trading lower:

ACGY -6.4%,
BJS -5.9% (added to Conviction Sell List at Goldman - Reuters),
NBR -4.7%,
TLM -3.4% (downgraded to Sell at Goldman - Reuters),
NOV -3.2%,
XTO -3.2% (downgraded to Neutral at Goldman - Reuters; also trading ex-dividend),
TOT -3.0%,
PBR -2.6% (downgraded to Hold at Deutsche),
BP -1.7%,
SLB-1.5%,
E -1.4%,
XOM -1.3%,
RDS.A -1.2%...

Select solar names pulling back from yesterday's surge higher:

AKNS -7.7%,
SOLF -5.7%,
STP -5.6% (downgraded to Underperform at Oppenheimer),
SOL -5.1%,
ESLR -4.4%,
FSLR -3.8% (downgraded to Hold at Collins Stewart),
SPWRA -3.6%,
YGE -2.7%,
CSIQ -2.6%,
TSL -1.6% (downgraded to Underperform at FBR)...

Select casinos seeing early weakness:

MGM -12.6% (Las Vegas project weighs bankruptcy - WSJ),
LVS -6.4%...

Other news:

OSIR -41.5% (discontinues enrollment in Crohn's study due to concerns with trial design),
DYAX -20.0% (receives complete response letter from FDA for DX-88 in acute attacks of hereditary angioedema),
TGB -8.3% (to sell 13.8 mln shares at C$1.45 each),
DHT -7.8% (to offer 6.5 mln common shares),
MAS -5.8% (cuts quarterly dividend to $0.075; down from $0.235),
VOD -3.7% (still checking for anything specific),
SNY -2.2% (Sanofi-Aventis to buy Brazil's Medley for BRL1.5 bln, according to report - DJ),
BCSI -1.7% (announces CFO transition)...

Analyst comments:

PCX -5.6% (initiated with Sell at Goldman - Reuters),
MAC -3.0% (downgraded to Sell at Goldman - Reuters),
VMW -2.6% (initiated with Sell at Auriga),
AMZN -2.5% (removed from Americas Conviction Buy List at Goldman- Reuters),
BBY -1.6% (removed from Conviction Buy list at Goldman- Reuters).