EmailTrading higher following earnings/guidance: PCP +2%, NM +0.0%, SSW +0.7%, ANW +0.7%
Trading lower following earnings/guidance: GTAT -2.6%
Broker Research: LCC -3% initiated with an Outperform at Raymond James, CTAS -2.3% downgraded at Keybanc, HSC +0.1% upgraded at Raymond James, GKSR +4% upgraded at Keybanc, FLY -2% downgraded at Citigroup, CP +0.6% upgraded at Barclays, CGI +0.5%, WERN +0.5%, RUSHA +1.3%, SWFT +1.9%, KEX +0.3%, KNX +0.65% initiated with Buys at Wunderlich.
News: CZR +1.1% John Paulson long CZR, WTS +0.78% announces stock repurchase program of 2 mln shares, SWSH +0.65% announces delay in filing of Form 10-Q for 1Q2012 as a result of previously disclosed internal review being conducted by co's Audit Committee; Michael Kipp, SVP and CFO separated from co effective immediately, CP +0.01% announces departure of Fred Green as President and Chief Executive Officer effective immediately, ABFS -0.08% reports Q2-to-date metrics; billed rev down ~2% YoY, LLL -0.5% announces conversion rate adjustment for its 3% Convertible Contingent Debt Securities due 2035; new conversion rate is 10.4755 shares of common stock of the co per $1,000 principal amount of the securities, LUV -1.1% and its dispatchers end mediation and announce tentative agreement, WAB -1.9% increases quarterly dividend 66.6% to $0.05 per share, LECO -2.1% acquires Wayne Trail Technologies; financial terms not disclosed, UFPI -2% announces that its subsidiary has purchased certain assets of Haleyville, Ala.-based MSR Forest Products; financial terms not disclosed, CAT -3.2% discloses past 3 months dealer statistics, DAL -3.7% discloses investor update in 8-k slides; sees May Passenger Unit Rev up 7% y/y.
