Gapping down
In reaction to disappointing earnings/guidance:
UEC -20.9%,
CRZO -15.3%,
BWS -14.9%,
AOB -11.1% (also downgraded to Hold at Brean Murray),
ZAGG -8.8%,
ATPG -6.4%,
DOLE -5.7%,
CEL -3.2%.
Japan names under significant pressure with ongoing crisis following earthquake:
SNE -6.7%,
TM -6.6%,
HMC -6.5%,
CAJ -6.2%,
HIT -4.2%.
Nuclear power related names trading lower for second consecutive day:
SHAW -9.1%,
BWC -3.8%,
FLR -1.7%.
Select uranium related names showing continued weakness:
DNN -21.6%,
URZ -18.8%,
CCJ -17.2%,
URRE -17.1%.
Select financial related names showing weakness:
AIG -9.3%,
DB -6.7%,
FITB -5.0%,
COF -4.8%,
KEY -4.7%,
RDN -4.5%,
UBS -4.3%,
STI -3.7%,
PMI -3.6%,
RF -3.5%,
USB -3.2%.
Select metals/mining stocks trading lower:
CXZ -17.3%,
EXK -15.1%,
GPL -13.1%,
PZG -11.3%,
SVM -10.1%,
PAL -9.8%,
NG -9.7%,
CDY -9.5%,
SWC -8.7%,
SLW -8.6%,
PAAS -8.1%,
NGD -8.1%,
EGO -6.7%,
HL -6.7%,
ABX -4.7%.
A few rare earth names are also trading lower:
SHZ -11.4%,
AVL -10.4%,
MCP -8.2%,
REE -7.3%,
GSM -4.2%.
Select oil/gas related names showing early weakness:
CFW -12.8%,
CPE -12.6%,
HDY -9.7%,
LNG -9.4%,
KOG -7.6%,
NOG -7.5%,
ROYL -6.6%,
BEXP -6.4%,
RIG -6.2%,
IVAN -6.2%.
Other news:
SBAY -29.1% (discloses that James T. Crane, CFO, announced that he will resign from the Company to pursue other professional interests, effective 3/14),
CIGX -10.9% (modestly pulling back),
AFL -6.8% (continued weakness on Japan concerns),
UTA -6.6% (still checking for anything specific),
RLOG -5.8% (files to sell $25 mln in common stock; files to sell 2,279,255 shares of common stock for shareholders ),
SNBC -5.2% (announces commencement of public offering of ~$75 mln in common stock),
WX -5% (hearing related to pricing),
SD -4.7% (provides results for its cash tender offer and related consent solicitation for its 8.625% Senior Notes due 2015), FGP -3.2% (prices an offering of 4.4 mln common units representing limited partner interests at a public offering price of $26.27 per unit ), DELL -3.1% (filed for a $2 bln debt securities shelf offering), HPQ -2.7% (announces new dividend goals, increases regular quarterly dividend by 50% to $0.12 ), ILMN -0.4% (to Offer $800 Million Convertible Senior Notes ).
Analyst comments:
AJG -6% (downgraded to Neutral from Buy at Janney Capital), FSIN -4.4% (downgraded to Hold from Buy at Jefferies),
INTC -2.6% (downgraded to Neutral from Buy at Nomura),
AMSC -2.5% (downgraded to Hold from Buy at Needham),
OXY -2% (removed from Conviction Buy List at Goldman).
