Блог компании DayTraderClub | WALL STREET INTRADAY, TUESDAY

Gapping down
In reaction to disappointing earnings/guidance:

• RCII -30.1%, (sees Q3 EPS well below consensus), ILMN -26.4%
• AA -4.2%, GSK -0.5%, (issues prelim Q3 commentary)

M&A news:

• SHPG -1.8% (M&A blog Betaville reports that Shire has lined up financing for a potential bid for Radius)

Select metals/mining stocks trading lower:

• SBGL -4.8%, GFI -4.3%, AU -2.9%, KGC -2.2%, X -1.7%, SSRI -1.6%, GDX -1.3%, AG -1.2%, FCX -1.2%, SLW -1%, ABX -0.8%

Other news:

• IPCI -5.3% (modestly pulling back following y'day's strength)
• STJ -2.9% (Muddy Waters tweets: 'Anonymous source gives MW docs saying $STJ may soon disclose premature battery depletion has led to 2 deaths, and alert doesn't always work'; also issues medical device advisory related to premature battery depletion associated with lithium deposits in a subset of its ICD and CRT-D devices)
• AAN -2.6% (in sympathy with RCII)
• QGEN -2.1% (in sympathy with ILMN)

Analyst comments:

• LITE -7.8% (downgraded to Sell from Neutral at Goldman)
• LC -4% (Hearing was initiated with an Underperform at Wedbush)
• MSCI -2.4% (downgraded to Sell from Hold at Evercore ISI )
• PPG -1% (downgraded to Hold from Buy at Deutsche Bank

Relative Strength:

Short-Term Futures-VXX +3.6%, Dollar Index-UUP +0.6%, Livestock-COW +0.5%, Grains-JJG +0.4%, Corn-CORN +0.4%, Japanese Yen-FXY +0.3%, Saudi Arabia-KSA +0.2%, 20+ Yr. Treas. Bond-TLT +0.2%, Agriculture-DBA +0.2%.

Relative Weakness:

S. Africa-EZA -4.1%, S. Korea-EWY -3.6%, Biotech-IBB -3.6%, Thailand-THD -3.2%, China Lg. Cap-FXI -2.9%, Hong Kong-EWH -2.8%, Asia Ex-Japan-AAXJ -2.5%, Sweden-EWD -2.5%, Rare Earth Metals-REMX -2.0%, Lithium-LIT -2.0%, Metals&Mining-XME -2.0%, Semis-SMH -2.0%, Healthcare-XLV -1.9%, Global Wind Energy-FAN -1.8%.