Naz News, Gappers and FLE's

[baletwine]

Gapping down

In reaction to disappointing earnings/guidance:

NTWK -30.5%,
TZOO -20.1%,
STX -12.6%,
EMAN -12.5%,
EMCI -11.3%,
GNW -10.2%,
PLXS -10.1%,
SABA -9.8% (light volume, downgraded to Hold from Buy at Craig Hallum, downgraded to Hold from Buy at The Benchmark Company),
ERIC -8.9%,
ENTG -8.1%,
MKSI -7.7%,
FFIV -6.7%,
IR -6.1%,
EBAY -5.9%,
HNI -4.6%,
CAKE -4.3%,
TSCO -4.3%,
TEX -3.7%,
WHR -3.1%,
QCOM -2.3%,
XLNX -2.2%,
NFX -2.2%,
ABB -2.2%,
NE -2.1%,
PEP -1.7%,
INTC -1.7% (also downgraded to Reduce from Neutral at Nomura),
EGHT -1.6%.

M&A news:

ESRX -8.3% (Medco Health Solutions & Express Scripts sign definitive merger agreement; Medco shareholders to receive $29.1 bln or $71.36/share in cash & stock).

Select metals/mining stocks trading lower:

RIO -1.3%,
BBL -1.3%,
GFI -1.2%.

Other news:

ALU -5.4% (trading lower with ERIC),
CLSN -4.4% (announces $18.4 mln in financing),
ABC -4.2% (still checking),
ARMH -3.2% (still checking), .

Analyst comments:

CLB -5.2% (downgraded to Sector Perform from Outperform at RBC),
PRXL -3.3% (downgraded to Underperform from Buy at Jefferies),
TOL -2.3% (Toll Brothers downgraded to Hold from Buy at Citigroup),
FGP -1.4% (downgraded to Sell from Hold at Citigroup),
SPH -0.9% (downgraded to Hold from Buy at Citigroup).