EmailThe industrials sector is trading -1.3% versus the S&P 500 -1.2%.
In earnings: HOKU -5.6%.
In broker news: ZIP +8.3% (Zipcar upgraded to Overweight from Neutral at JP Morgan), GNRC +1.9% (Generac initiated with a Outperform at Oppenheimer; tgt $23), DCO -0.8% (Ducommun initiated with a Buy at Capstone; tgt $27), TAN -2.8% (Stifel continues to be cautious on the Chinese solar complex despite likely stabilizing pricing in 3Q11), TEX -3.3% (Terex target lowered to $29 at UBS).
In sector news: HRBN +5.9% (Harbin Electric announces reaffirmation of 'Going Private' proposal at $24.00 per share and receipt of financing agreement with China Development Bank), OESX +2.0% (Orion Energy Systems CFO resigns for family reasons; co's Chief Account Offier and Treaurer Scott Jensen appointed to CFO), JBLU +1.2% (Jetblue Airways reported preliminary May traffic; RPMs increased 10.6% y/y, ASMs increased 8.9% and load factor increased 1.3 pts to 82.6%).
LMT -0.1% (Lockheed Martin receives a $107.6 mln contract from the Dept. of Defense), NOK -0.9% (Nokia in discussions for potential stake sale in Nokia Siemens Network, according to reports), GWW -1.1% (W.W. Grainger May daily sales +11% YoY; +8% in the U.S.), PAC -2.1% (Grupo Aeroportuario del Pacifico informs that a shareholder has filed a lawsuit against the co).
