Naz News, Gappers and FLE's

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Gapping down:


In reaction to disappointing earnings/guidance: LITB -39.1% (also downgraded to Underperform from Neutral at Credit Suisse), ANW -6.6% (light volume), PWRD -5.4%, DKS -4.1%, CNTF -3.6% (thinly traded), BOBE -1.2%, BHP -1.1%.

Select financial related names showing weakness: PUK -2.7%, ING -2.5%, BBVA -2.1%, SAN -2%, DB -1.4%, CS -1.2%, UBS -1%.

Metals/mining stocks trading lower: MT -2.4% (downgraded to Underweight from Equal-Weight at Morgan Stanley), BBL -2%, SLW -2%, PAAS -1%, SLV -0.9%.

A few oil/gas related names showing modest weakness: SDRL -1.2%, STO -0.9%, RIG -0.3% (downgraded to Neutral from Buy at UBS), BP -0.1%.

Other news: Z -4.1% (priced offering of 5,023,486 shares of its Class A common stock (2,523,486 shares by certain existing shareholders) at $82.00 per share), DARA -3% (announces at-the-market common stock sales program), TTM -1.7% (still checking), ALU -1.1% (still checking), SQNM -1% ( discloses cost reduction reorganization of staff; expects to record ~$1.2 mln in severance-related expenses during Q3), .

Analyst comments: RVBD -5.1% (downgraded to Sell from Hold at Deutsche Bank), NOK -3.1% (hearing cautious Bernstein comments; sees upcoming qtr as 'disastrous'), QIHU -2.7% (initiated with a Neutral at Goldman), ZNGA -1.8% (initiated with Sell at Janney), PNRA -0.7% (downgraded to Hold from Buy at Jefferies), WMT -0.1% (downgraded to Neutral at Susquehanna; tgt lowered to $79 from $85).

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