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Thursday, 03/20/2014 8:37:36 AM

Thursday, March 20, 2014 8:37:36 AM

Post# of 376163
Gapping down :


In reaction to disappointing earnings/guidance: XONE -10.2%, TLYS -8.2%, GES -6.1%, CHL -2.1%, FNV -1.7%, (light volume).

Metals/mining stocks trading lower: GG -1.5%, EGO -1.4%, SLV -1.3%, GDX -0.8%, GLD -0.5%, .

Oil/gas related names showing early weakness: STO -2.9%, TOT -1.7%, SDRL -1.6%, RDS.A -1.6%, RIG -1.5%, BP -1.4% (has begin bidding for Gulf of Mexico leases, according to reports) .

European pharma/drug names trading lower: GSK -1.9% SNY -1.1% NVS -0.9%

Coal names under pressure with analyst comments weighing on select names: WLT -6.5% (cautious coal comments at BofA/Merrill related to falling marginal costs depressing price; WLT estimates sharply lowered; also prices $200 mln of 9.5% Senior Secured Notes due 2019 and $350 mln of Senior Secured Second Lien PIK Toggle Notes due 2020), ANR -2.2%, ACI -1.6%, BTU -1.3%

3-D printing names lower following XONE earnings: SSYS -1.5%, DDD -1.2%

Other news: AGEN -11.6% (Agenus and GSK's MAGE-A3 cancer immunotherapeutic Phase 3 study in non-small cell lung cancer misses first co-primary endpoints ), BEAT -9.8% (Announces the Acquisition of the Cardiac Patient Services Business of Biomedical Systems, Corp. for aggregate consideration of $8.65 million at closing), FCEL -5.3% (still checking), CIDM -5.1% (announces proposed public offering of common stock), CSBK -4.5% (announces stock offering results; received orders for ~$170.6 mln of common stock), NBY -2.4% (announces proposed public offering of common stock and warrants), KNDI -2.3% (continuing yesterday's modest pullback), PHG -1.9% (still checking), SGMO -1.5% (announces public offering of $100 mln of common stock), RCL -1.2% (still checking), HPP -0.6% (prices 3,511,845 shares of its common stock by selling share holders), FSLR -0.6% (following yesterday's Analyst Day), NQ -0.5% (attributed to Whitney Tilson cautious mention), EBAY -0.5% (announces it continues to believe PayPal and Ebay are better together), CYH -0.4% (nnounces definitive agreement to lease Ocala, Florida hospital), TSLA -0.4% (NY lawmakers plan to fight against direct sales ban)

Analyst comments: UA -1.9% (downgraded to Neutral from Buy at Sterne Agee), BYI -1.7% (downgraded to Sell from Neutral at Goldman), XEL -1.4% (downgraded to Sell from Neutral at Goldman), ORCL -0.9% (downgraded to Hold from Buy at Argus), AEE -0.7% (downgraded to Sell from Neutral at Goldman), NEE -0.5% (removed from Conviction Buy list at Goldman)

Read more: http://www.briefing.com/GeneralContent/Platinum/Active/FullTextSearch/FullTextSearch.aspx#ixzz2wVPvx5XU
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