China Wants India To Make Peace With Pakistan. It Won't Work

&l;p&g;&l;img class=&q;dam-image getty size-large wp-image-981564440&q; src=&q;https://specials-images.forbesimg.com/dam/imageserve/981564440/960x0.jpg?fit=scale&q; data-height=&q;639&q; data-width=&q;960&q;&g; (Photo by Saqib Majeed/SOPA Images/LightRocket via Getty Images)

China wants to help ease the long-standing conflict between India and Pakistan. And it has a plan for it.

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Last June, Beijing paved the way for the two countries to join the Shanghai Cooperation Organization (SCO), a Eurasian political, economic and security organization founded by China, Russia, and a number of other Central Asian counties.

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This year, Beijing &l;a href=&q;http://www.globaltimes.cn/content/1106873.shtml&q; target=&q;_blank&q;&g;wants&l;/a&g; military personnel from both countries to participate in counter-terror exercises under the &a;ldquo;Peace Mission 2018.&a;rdquo;

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There&a;rsquo;s an official reason behind Beijing&a;rsquo;s plan. The easing of conflict will foster economic ties between the two countries, the same way easing of tension between China and the US in the 1970s fostered economic relations between the two countries.

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But there are a couple of unofficial reasons, too.

One of them is that easing of tensions between the two countries will serve China&a;rsquo;s efforts to complete building of the China-Pakistan Economic Corridor (CPEC).

That&a;rsquo;s the express link between Western China, the Middle East, and Africa -- China&s;s second continent. Ideologically that is, which can explain why Beijing has committed $46 billion to the project.

The trouble is that CPEC passes through Pakistani&a;nbsp;&l;a href=&q;http://www.embajadaindia.cl/page/display/78/22.&q; target=&q;_blank&q;&g;regions&l;/a&g;&a;nbsp;&l;a href=&q;https://qph.ec.quoracdn.net/main-qimg-a94c8ea05a085d853447d3f42bcbbd0b-c?convert_to_webp=true&q; target=&q;_blank&q;&g;claimed&l;/a&g;&a;nbsp;by India. That makes it a rough road, to say the least -- Pakistan and India continue to fight for control of these regions. That&a;rsquo;s why China needs India to make peace with Pakistan.

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Another reason Beijing wants to see peace between the two countries is to find a market for its products. Especially as tensions between China and the US escalate.

&a;ldquo;China has always believed in an economic solution to solve the world&a;rsquo;s challenges,&a;rdquo; &l;span&g;says &l;/span&g;Vijay Eswaran, Malaysian entrepreneur and Chairman of QI Group of Companies.&a;nbsp; &a;ldquo;&l;span&g;In that context China may be willing to play a role in potentially improving ties between India and Pakistan&a;rdquo;&l;/span&g;

&a;ldquo;&l;span&g;The ongoing trade threats from US to China encourages the latter to find a new big market. And India, the largest markets for Chinese goods outside of the US is right in its neighbourhood.&a;rdquo;&l;/span&g;

&l;span&g;That&a;rsquo;s why Beijing wants to use its leverage with Pakistan to ease conflicts between the two countries.&l;/span&g;

&l;span&g;But it &l;/span&g;won&a;rsquo;t &l;span&g;work, for a couple of reasons. One of them is that the two countries have a different perception &l;/span&g;regarding what &a;lsquo;terrorism&a;rsquo; consists of.

Another reason is that China has, so far, done very little to satisfy India. Quite the opposite: repeatedly blocking India&s;s efforts to join the Nuclear Supplier Group (NSG).

And it has sided openly with Pakistan in the India-Pakistan Kashmir standoff, as evidenced by statements by China&a;rsquo;s senior officials on the sidelines of United Nations General Assemblies.

Then there&a;rsquo;s India&s;s siding with the US in the South China Sea disputes.

The bottom line: Beijing has a long way to go before it can bring India and Pakistan to the table and ease long standing conflicts between the two countries.

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SoftBank Finally Finds A Bargain

&l;p&g;&l;img class=&q;dam-image bloomberg size-large wp-image-42460422&q; src=&q;https://specials-images.forbesimg.com/dam/imageserve/42460422/960x0.jpg?fit=scale&q; data-height=&q;640&q; data-width=&q;960&q;&g; Wall Street. Photographer: Michael Nagle/Bloomberg.

SoftBank continues to make waves by underwriting the valuations of a growing number of turbocharged &a;ldquo;unicorns&a;rdquo; carrying private values north of $10 billion. It recently bought 15% of Uber at a&a;nbsp;$48 billion valuation.&a;nbsp;In partnership with GM, it &l;a href=&q;https://www.forbes.com/sites/joannmuller/2018/05/31/gms-self-driving-fleet-gets-2-25-billion-capital-infusion-from-softbank-ahead-of-2019-launch/#32c12e6475eb&q; target=&q;_blank&q; rel=&q;noopener noreferrer&q;&g;paid $2.25 billion for a 19.6% stake in Cruise Automation&l;/a&g;. Masayoshi Son&a;rsquo;s conglomerate is also&a;nbsp;&l;a href=&q;https://www.wsj.com/articles/wework-in-talks-with-softbank-to-double-valuation-to-as-much-as-40-billion-1528923090&q; target=&q;_blank&q; rel=&q;noopener noreferrer&q; target=&q;_blank&q;&g;reportedly&l;/a&g; looking at making a second investment in WeWork at&a;nbsp;a valuation as high as $40 billion.

But that&a;rsquo;s not to say SoftBank isn&a;rsquo;t finding bargains. In fact, on Friday the firm participated in what may be the most opportunistic acquisition of valuable startup stakes in recent memory.

In a related party deal, SoftBank and a group of other investors plucked sizable stakes in nearly 50 startups out of a NYSE-listed Chinese internet company called Renren. Among them are minority interests in lenders SoFi (13%), Omni Prime (10%) and Credit Shop (35%), real estate platforms LendingHome (11.2%), Fundrise (26%) and Loadstar Capital (36%), financial information sites Snowball Finance (20.5%) and Aspiration Partners (8.63%), used car sellers Cheyipai (20%) and AutoGo (17%), and even a fast-growing high-frequency-trading firm called Domeyard LP (15.92%).

The deal will be an interesting one to follow even after it&a;rsquo;s completed later this week.

Renren, founded by internet entrepreneur Joe Chen, listed its shares in the U.S. in 2011 with big hype.&a;nbsp;Dubbed the &a;ldquo;Facebook of China,&a;rdquo; its social network claimed 117 million users in the world&a;rsquo;s most populous market&a;nbsp;and had big-name backers like SoftBank and DCM Ventutes. However, after the IPO, Renren&a;rsquo;s social networking business floundered. Users fell by two thirds and operating losses&a;nbsp;spiraled. But Renren pivoted.

With its IPO proceeds and access to public capital, it began seeding promising startups such as SoFi, LendingHome and Domeyard. Some of these investments, most notably the $240 million it plowed into SoFi, proved to be savvy. Others, like&a;nbsp;stakes in Motif Investing, Cheyipei and Zhu Chao Holdings led to large writedowns. In the past two years, Renren recorded $215 million in impairments on its investments.

Recently,&a;nbsp;Renren&a;rsquo;s CEO Chen and backers SoftBank and DCM worked hard to either take Renren private or carve out its valuable VC&a;nbsp;stakes. Ultimately, Renren&a;rsquo;s board decided to pursue the carveout, a nonstandard transaction that &l;a href=&q;https://www.forbes.com/sites/nathanvardi/2017/10/03/joe-chens-sofi-share-snatch/&q; target=&q;_blank&q; rel=&q;noopener noreferrer&q;&g;&l;em&g;Forbes&l;/em&g; examined closely in October&l;/a&g;. Now the deal&a;rsquo;s set to be completed.

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These venture stakes are held within a Renren entity called Oak Pacific Investment. SoftBank, alongside Renren founder and CEO Chen and DCM, is buying Oak Pacific from Renren at a valuation of about $500 million (Duff &a;amp; Phelps did the appraisal). Because they control 71% of Renren shares, this group will pay a total of $134.3 million to Renren&a;rsquo;s minority shareholders by way of a $9.18 a share cash dividend to owners of American depositary shares, or a $0.6125 dividend to ordinary stockholders. Renren had offered qualified investors the opportunity to roll their stakes into privately held Oak Pacific in lieu of the cash dividend, but it appears few were willing or able to participate. The carve-out will close later this week, and Renren will begin trading as a stub.

Why watch this deal? After the carve-out, Renren will still operate the internet business that was the linchpin of its 2011 IPO. Last year, it also made a big pivot to used car sales, which ginned up sales. Net revenues in 2017 were $202 million, and they reached $140 million in the first quarter of 2018, led by an about sixfold increase in used car sales. However,&a;nbsp;it hasn&a;rsquo;t led to anything that closely resembles a profit. Operating losses were $87.9 million in 2017, and those accelerated to $25.5 million in the first quarter. For the second quarter, Renren now expects to generate as much as $145 million in revenues, but it doesn&a;rsquo;t have a profit (or loss) target.

Will Renren&a;rsquo;s operating businesses have any public market value now that its VC stakes have been monetized? Here&a;rsquo;s what the company warns in recent SEC disclosures:

&l;/p&g;&l;blockquote&g;Once the Transaction has closed, we no longer own and we have paid the cash dividend to our shareholders, we will have less cash on hand and fewer investment assets that can be readily converted into cash, which will restrict our options if we require more cash in the future. If we are unable to raise cash as required from new offerings of equity or debt or from bank loans or other sources, we may have insufficient cash to fund or expand our business, and our future growth, our results of operations and our financial position may be materially and adversely affected.

While we believe that the value of our SNS business and our used automobile business together with the $90 million debt that OPI will owe us and the value of the cash that we will have on hand after the payment of any special dividend will exceed US$1.00 per ADS, we cannot assure you that our ADSs will remain in compliance with the NYSE listing rules.&l;/blockquote&g;

If Renren&a;rsquo;s stub doesn&a;rsquo;t gain much of an investor following on markets, it will have subtly proven to be one of the biggest busts of this internet-stock-led bull market. After raising north of $800 million from public investors in its 2011 IPO, Renren will have returned a small fraction of those proceeds to the public. But provided IPO proceeds were invested wisely in the likes of SoFi, LendingHome, Domeyard and Fundrise, backers like SoftBank that have wrested the deals from Renren may find the exercise to be worthwhile. Especially as they now willingly paying nine-figure sums for stakes in promising startups.

&l;strong&g;For More:&l;/strong&g; &l;a href=&q;https://www.forbes.com/sites/nathanvardi/2017/10/03/joe-chens-sofi-share-snatch/#2a4635ae5832&q; target=&q;_blank&q; rel=&q;noopener noreferrer&q;&g;Joe Chen&s;s Sneaky SoFi Snatch&l;/a&g;

LCI Industries (LCII) Shares Bought by Natixis Advisors L.P.

Natixis Advisors L.P. grew its stake in LCI Industries (NYSE:LCII) by 46.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,042 shares of the company’s stock after purchasing an additional 12,069 shares during the quarter. Natixis Advisors L.P. owned approximately 0.15% of LCI Industries worth $3,962,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Stratos Wealth Partners LTD. bought a new position in LCI Industries during the first quarter worth about $1,023,000. Oppenheimer Asset Management Inc. increased its position in LCI Industries by 158.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 12,332 shares of the company’s stock worth $1,285,000 after acquiring an additional 7,553 shares during the period. Canandaigua National Bank & Trust Co. bought a new position in LCI Industries during the first quarter worth about $227,000. BlackRock Inc. increased its position in LCI Industries by 2.5% during the first quarter. BlackRock Inc. now owns 3,131,865 shares of the company’s stock worth $326,183,000 after acquiring an additional 77,672 shares during the period. Finally, Northern Trust Corp increased its position in LCI Industries by 0.3% during the first quarter. Northern Trust Corp now owns 342,723 shares of the company’s stock worth $35,695,000 after acquiring an additional 1,135 shares during the period. 95.36% of the stock is currently owned by institutional investors.

Get LCI Industries alerts:

LCI Industries opened at $83.45 on Friday, MarketBeat reports. LCI Industries has a 52 week low of $81.72 and a 52 week high of $132.73. The stock has a market cap of $2.31 billion, a P/E ratio of 14.49 and a beta of 1.05. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.07 and a current ratio of 2.63.

LCI Industries (NYSE:LCII) last released its earnings results on Friday, May 4th. The company reported $1.86 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.09). LCI Industries had a net margin of 5.96% and a return on equity of 23.14%. The firm had revenue of $650.00 million during the quarter, compared to the consensus estimate of $655.29 million. During the same period in the prior year, the business earned $1.71 earnings per share. LCI Industries’s quarterly revenue was up 30.5% compared to the same quarter last year. equities research analysts anticipate that LCI Industries will post 7.63 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Monday, June 4th will be issued a $0.60 dividend. This is a positive change from LCI Industries’s previous quarterly dividend of $0.55. This represents a $2.40 annualized dividend and a yield of 2.88%. The ex-dividend date is Friday, June 1st. LCI Industries’s dividend payout ratio (DPR) is currently 38.19%.

In other LCI Industries news, insider Nick C. Fletcher sold 2,234 shares of the firm’s stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $110.00, for a total value of $245,740.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Virginia Henkels bought 2,000 shares of the firm’s stock in a transaction on Wednesday, May 16th. The stock was purchased at an average cost of $88.55 per share, for a total transaction of $177,100.00. Following the completion of the acquisition, the director now owns 3,156 shares in the company, valued at $279,463.80. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 22,000 shares of company stock worth $2,091,400. Insiders own 3.60% of the company’s stock.

A number of equities analysts recently commented on the stock. Zacks Investment Research lowered shares of LCI Industries from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 9th. Robert W. Baird lowered their price target on shares of LCI Industries to $135.00 and set an “outperform” rating on the stock in a research report on Monday, May 7th. Finally, Northcoast Research raised shares of LCI Industries from a “sell” rating to a “neutral” rating and set a $94.00 price target on the stock in a research report on Wednesday, May 2nd.

About LCI Industries

LCI Industries, along with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures or distributes various components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; travel trailers, fifth-wheel travel trailers, folding camping trailers, and truck campers; trucks; pontoon boats; trains; manufactured homes; and modular housing.

Want to see what other hedge funds are holding LCII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LCI Industries (NYSE:LCII).

Top Medical Stocks To Own Right Now

tags:IP,ESLT,ISNS,

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Top Medical Stocks To Own Right Now: International Paper Company(IP)

Advisors' Opinion:

• [By Logan Wallace]

  Hodges Capital Management Inc. grew its stake in Champion International Paper (NYSE:IP) by 49.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 181,875 shares of the basic materials company’s stock after acquiring an additional 59,824 shares during the quarter. Hodges Capital Management Inc.’s holdings in Champion International Paper were worth $9,718,000 as of its most recent SEC filing.

• [By Lisa Levin] Companies Reporting Before The Bell General Motors Company (NYSE: GM) is projected to report quarterly earnings at $1.24 per share on revenue of $34.66 billion. Bristol-Myers Squibb Company (NYSE: BMY) is estimated to report quarterly earnings at $0.85 per share on revenue of $5.24 billion. United Parcel Service, Inc. (NYSE: UPS) is expected to report quarterly earnings at $1.55 per share on revenue of $16.44 billion. Time Warner Inc. (NYSE: TWX) is projected to report quarterly earnings at $1.74 per share on revenue of $7.91 billion. ConocoPhillips (NYSE: COP) is expected to report quarterly earnings at $0.74 per share on revenue of $8.81 billion. PepsiCo, Inc. (NYSE: PEP) is expected to report quarterly earnings at $0.93 per share on revenue of $12.4 billion. American Airlines Group Inc. (NASDAQ: AAL) is estimated to report quarterly earnings at $0.72 per share on revenue of $10.42 billion. Southwest Airlines Co (NYSE: LUV) is expected to report quarterly earnings at $0.74 per share on revenue of $5.01 billion. Fiat Chrysler Automobiles N.V. (NYSE: FCAU) is estimated to report quarterly earnings at $0.8 per share on revenue of $34.52 billion. Union Pacific Corporation (NYSE: UNP) is projected to report quarterly earnings at $1.66 per share on revenue of $5.38 billion. D.R. Horton, Inc. (NYSE: DHI) is expected to report quarterly earnings at $0.85 per share on revenue of $3.76 billion. The Hershey Company (NYSE: HSY) is estimated to report quarterly earnings at $1.4 per share on revenue of $1.94 billion. Praxair, Inc. (NYSE: PX) is expected to report quarterly earnings at $1.56 per share on revenue of $2.94 billion. Altria Group, Inc. (NYSE: MO) is projected to report quarterly earnings at $0.92 per share on revenue of $4.63 billion. Shire plc (NASDAQ: SHPG) is estimated to report quarterly earnings at $3.54 per share on revenue of $3.72 billion. Oshkosh Corporation (NYSE: OSK) is projected to report quarter
• [By Joseph Griffin]

  Tiverton Asset Management LLC grew its position in Champion International Paper (NYSE:IP) by 48.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,875 shares of the basic materials company’s stock after purchasing an additional 1,923 shares during the period. Tiverton Asset Management LLC’s holdings in Champion International Paper were worth $314,000 as of its most recent SEC filing.

Top Medical Stocks To Own Right Now: Elbit Systems Ltd.(ESLT)

Advisors' Opinion:

• [By Lisa Levin] Companies Reporting Before The Bell Booz Allen Hamilton Holding Corporation (NYSE: BAH) is estimated to report quarterly earnings at $0.46 per share on revenue of $1.67 billion. Momo Inc. (NASDAQ: MOMO) is projected to report quarterly earnings at $0.5 per share on revenue of $396.17 million. Multi-Color Corporation (NASDAQ: LABL) is expected to report quarterly earnings at $1.06 per share on revenue of $424.96 million. American Woodmark Corporation (NASDAQ: AMWD) is estimated to report quarterly earnings at $1.15 per share on revenue of $382.4 million. The Bank of Nova Scotia (NYSE: BNS) is projected to report quarterly earnings at $1.32 per share on revenue of $5.46 billion. Jianpu Technology Inc. (NYSE: JT) is expected to report quarterly loss at $0.04 per share on revenue of $47.51 million. Trans World Entertainment Corporation (NASDAQ: TWMC) is estimated to report earnings for its first quarter. Advanced Drainage Systems, Inc. (NYSE: WMS) is estimated to report quarterly loss at $0.06 per share on revenue of $249.44 million. Quotient Limited (NASDAQ: QTNT) is expected to report quarterly loss at $0.48 per share on revenue of $5.73 million. Elbit Systems Ltd. (NASDAQ: ESLT) is projected to report earnings for its first quarter. Evogene Ltd. (NASDAQ: EVGN) is expected to report earnings for its first quarter.

   

• [By Lisa Levin] Gainers TherapeuticsMD, Inc. (NASDAQ: TXMD) rose 7.3 percent to $6.90 in pre-market trading after the company reported the FDA approval of TX-004HR: IMVEXXY (estradiol vaginal inserts) for moderate to severe dyspareunia due to menopause. Net 1 UEPS Technologies, Inc. (NASDAQ: UEPS) rose 6.1 percent to $10.50 in pre-market trading after falling 1.20 percent on Tuesday Movado Group, Inc. (NYSE: MOV) shares rose 5.7 percent to $44.60 in pre-market trading after the company reported better-than-expected Q1 results and raised its guidance. salesforce.com, inc. (NYSE: CRM) rose 5.4 percent to $133.67 in pre-market trading after the company reported better-than-expected earnings for its first quarter and raised its forecast for the full year. Sirius XM Holdings Inc. (NASDAQ: SIRI) rose 5.3 percent to $7.35 in pre-market trading. PagSeguro Digital Ltd. (NYSE: PAGS) rose 5.3 percent to $33.50 in pre-market trading after reporting Q1 results. SpartanNash Co (NASDAQ: SPTN) rose 4.9 percent to $19.80 in pre-market trading after the company reported upbeat earnings for its first quarter on Tuesday. Groupon, Inc. (NASDAQ: GRPN) rose 4.9 percent to $4.95 in pre-market trading. Dalian Wanda will set up a joint venture with Tencent and Groupon's former local unit, Reuters reported. Okta, Inc. (NASDAQ: OKTA) rose 4.4 percent to $56 in pre-market trading after gaining 3.43 percent on Tuesday Elbit Systems Ltd. (NASDAQ: ESLT) rose 4.3 percent to $120.92 in pre-market trading after gaining 2.05 percent on Tuesday. STMicroelectronics N.V. (NYSE: STM) shares rose 3.7 percent to $23.78 in pre-market trading after falling 4.70 percent on Tuesday. EVINE Live Inc (NASDAQ: EVLV) shares rose 2.7 percent to $1.14 in pre-market trading after reporting Q1 results.

  Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.

Top Medical Stocks To Own Right Now: Image Sensing Systems, Inc.(ISNS)

Advisors' Opinion:

• [By Lisa Levin]

   

  Losers Netshoes (Cayman) Limited (NASDAQ: NETS) shares dipped 43.73 percent to close at $2.87 on Tuesday as the company posted downbeat Q1 results. Cesca Therapeutics Inc. (NASDAQ: KOOL) shares dropped 29.01 percent to close at $0.80 after reporting Q1 results. SenesTech, Inc. (NASDAQ: SNES) shares fell 22.2 percent to close at $0.340 after reporting Q1 miss. Vipshop Holdings Limited (NYSE: VIPS) fell 19.95 percent to close at $12.08 after the company reported weaker-than-expected earnings for its first quarter on Monday. Image Sensing Systems, Inc. (NASDAQ: ISNS) fell 19.68 percent to close at $3.775 after reporting earnings were down year over year. First quarter earnings came in flat, down from 4 cents per share in the same quarter of last year. Sales came in at $3.01 million. Boxlight Corporation (NASDAQ: BOXL) dropped 18.47 percent to close at $9.62 on Tuesday after surging 77.44 percent on Monday. ENDRA Life Sciences Inc. (NASDAQ: NDRA) declined 16.21 percent to close at $2.43. ENDRA Life Sciences is expected to release quarterly earnings today. ALJ Regional Holdings, Inc. (NASDAQ: ALJJ) shares fell 16.13 percent to close at $1.79. Switch Inc (NYSE: SWCH) shares dropped 14.93 percent to close at $13.16 following a first-quarter earnings miss. Restoration Robotics Inc (NASDAQ: HAIR) fell 14.42 percent to close at $3.68 after reporting a first-quarter earnings miss. iCAD, Inc. (NASDAQ: ICAD) declined 13.01 percent to close at $3.41 following Q1 results. Intersections Inc. (NASDAQ: INTX) fell 12.44 percent to close at $1.97. Histogenics Corporation (NASDAQ: HSGX) declined 12.24 percent to close at $2.15. AZZ Inc. (NYSE: AZZ) fell 12.1 percent to close at $39.60 following Q3 earnings. Hallador Energy Company (NASDAQ: HNRG) fell 11.1 percent to close at $6.49. Integrated Media Technology Limited (NASDAQ: IMTE) dropped 10.66 percent to close at $16.93 on Tuesday. Myomo, Inc. (NYSE: MYO) slipp
• [By Lisa Levin]

  Check out these big penny stock gainers and losers

  Losers Restoration Robotics Inc (NASDAQ: HAIR) fell 19.8 percent to $3.45 in pre-market trading after reporting a first-quarter earnings miss. Image Sensing Systems, Inc. (NASDAQ: ISNS) fell 19.2 percent to $3.80 in pre-market trading after reporting earnings were down year over year. First quarter earnings came in flat, down from 4 cents per share in the same quarter of last year. Sales came in at $3.01 million. Vipshop Holdings Limited (NYSE: VIPS) fell 15.9 percent to $12.70 in pre-market trading after the company reported weaker-than-expected earnings for its first quarter on Monday. Aptose Biosciences Inc. (NASDAQ: APTO) shares fell 11 percent to $2.98 in pre-market trading after climbing 2.45 percent on Monday. Sibanye Gold Limited (NYSE: SBGL) shares fell 8 percent to $2.91 in pre-market trading after surging 6.40 percent on Monday. Switch Inc (NYSE: SWCH) shares fell 7.2 percent to $14.36 in pre-market trading following a first-quarter earnings miss. Agilent Technologies, Inc. (NYSE: A) fell 7.1 percent to $64.31 in pre-market trading following mixed Q2 results. Tandem Diabetes Care, Inc. (NASDAQ: TNDM) fell 5.8 percent to $10.50 in pre-market trading after rising 25.22 percent on Monday. Carbon Black, Inc. (NASDAQ: CBLK) shares fell 5.1 percent to $22.46 in pre-market trading. Home Depot Inc (NYSE: HD) fell 2.4 percent to $186.65 in pre-market trading. Home Depot reported better-than-expected earnings for its first quarter, while sales missed estimates
• [By Lisa Levin]

  Image Sensing Systems, Inc. (NASDAQ: ISNS) shares dropped 26 percent to $3.5001 after reporting earnings were down year over year. First quarter earnings came in flat, down from 4 cents per share in the same quarter of last year. Sales came in at $3.01 million.

• [By Lisa Levin]

  Image Sensing Systems, Inc. (NASDAQ: ISNS) shares dropped 26 percent to $3.5001 after reporting earnings were down year over year. First quarter earnings came in flat, down from 4 cents per share in the same quarter of last year. Sales came in at $3.01 million.