Equities Find China Whoas ( CAT, ADBE, GMAN, DHT, FRO, JEF, DCTH )

Stocks Fall After recent Rally (CAT, ADBE, GMAN, DHT, FRO, JEF, DCTH)

U.S. stocks slid on Tuesday after posting solid gains in the past few trading sessions with S&P 500 retreating from its four years high.
The Dow Jones Industrial Average slid 64 points, or 0.5%, to 13,175, The S&P 500 lost 7 points, or 0.5%, to 1,403 and The Nasdaq Composite declined 19 points, or 0.6%, to 3,059.

Stocks gapped down this morning on lingering worries from China, which is raising fuel prices for the second time in less than six weeks. The nation’s vehicle sales may miss industry forecasts this year as economic growth slows, an official from the China Association of Automobile Manufacturers said.

Caterpillar Inc.(NYSE:CAT) is the biggest loser on the DOW and lost about 2.50% to $110.95 with other manufacturers of mining and construction equipment stocks. The company today reported that global retail sales of its construction and mining machinery jumped 21% in the three months to the end of February, as strong sales expansion in North America continued to offset moderating sales growth in other regions.
In North America, Caterpillar's largest market, sales rose 39% in the February period, down from a 47% increase in the January period and a 51% increase reported in December.

In the tech space, Adobe Systems Incorporated(NASDAQ:ADBE) shares slumped over 4% after provided poor than estimated outlook. The company projects to earn $0.57-$0.61 a share on revenue of $1.090-$1.140 billion in the current quarter, missing analysts’ estimates of 64 cents a share on revenue of $1.182 billion.

Gordmans Stores, Inc.(NASDAQ:GMAN) shares soared over 21% after the company reported better than estimated fourth quarter earnings driven strong same-store sales growth. The company earned $10.2 million, or $0.53 a share, on revenue of $185.1 million, ahead of its own estimates of $0.48 to $0.52 a share, on revenue of $185 million to $187 million.

DHT Holdings Inc(NYSE:DHT) shares slumped over 26% as the company said it's offering 51.8 million of common stock and 259,000 preferred shares, raising money to repay debt.

Frontline Ltd. (USA)(NYSE:FRO) fell 7.61% to $7.65 after analyst at Wells Fargo & Co. downgraded the stock to underperform from market perform.

Jefferies Group, Inc.(NYSE:JEF) is performing well within the financial sector and climbed 1.90% after reporting EPS of 33 cents, beating analysts’ estimates by 4 cents.

Delcath Systems, Inc.(NASDAQ:DCTH) added 11.65% to $3.45 after the company said that it has received the first commercial order for the Company's Hepatic CHEMOSAT Delivery System from the European Institute of Oncology (Instituto Europeo di Oncologia – IEO) –a premier cancer treatment and research center in Europe.