Market Summary
| Dow Jones |
13,384.29 |
-50.92 |
(-0.38%) |
| S&P 500 |
1,461.89 |
-4.58 |
(-0.31%) |
| Nasdaq |
3,098.81 |
-2.85 |
(-0.09%) |
Gainers
Nationstar Mortgage Holdings Inc (NYSE:NSM) 38.83 +5.60 (16.85%). Nationstar Mortgage Holdings Inc. (NSM ) said its wholly-owned unit, Nationstar Mortgage LLC, would acquire around $215 billion in residential mortgage servicing rights or “MSRs”, as measured by unpaid principal balance or UPB as of November 30, 2012, and certain other assets from Bank of America ( BAC ).
Molycorp Inc (NYSE:MCP) 11.56 +1.26 (12.23%). The company is seen as a potential takeover target because its shares are now priced under the value of its assets. Bloomberg News, last week, reports that the Greenwood Village-based company owns the biggest U.S. deposits of rare earths, used a variety of electronic devices and machines. But it also faces a price slump as well as the recent exit of CEO Mark Smith and an SEC probe over past public disclosures.
SolarCity Corp (NASDAQ:SCTY) 15.97 +1.57 (10.90%). Credit Suisse Group initiated coverage on SolarCity Corp. with an Outperform rating and $22.00 price target.
U.S. Silica Holdings Inc (NYSE:SLCA) 18.99 +1.84 (10.73%)
Walter Investment Management Corp (NYSE:WAC) 47.68 +3.63 (8.24%). Walter Investment Management Corp (WAC) climbed in Monday trading after agreeing to buy mortgages from Bank of America Corp (NYSE:BAC) as part of a legal settlement the banking giant made with Fannie Mae. The deal includes $93 billion of Fannie Mae-backed loan servicing rights. Walter Investment Management Corp (WAC) also said it has signed a deal to buy the mortgage-servicing platform of Metlife Inc (NYSE:MET).
Losers
SunPower Corporation (NASDAQ:SPWR) 7.63 -1.10 (-12.60%). SunPower Corporation (NASDAQ: SPWR) stock took off on news that MidAmerican Solar which is a Berkshire Hathaway (NYSE: BRK-B) subsidiary, purchased the 579-megawatt Antelope Valley Solar Projects
Cree, Inc.(NASDAQ:CREE) 31.80 -2.56 (-7.45%). Research analysts at Barclays Capital lifted their target price on shares of Cree (NASDAQ: CREE) from $28.00 to $33.00 in a report released on Monday. The firm currently has an “equal weight” rating on the stock.
Illumina, Inc.(NASDAQ:ILMN) 50.90 -3.86 (-7.06%). Shares of Illumina Inc. fell Monday after the genetic analysis instrument maker said it will buy the prenatal testing company Verinata Health Inc. in a deal worth up to $450 million.
Syntel, Inc. (NASDAQ:SYNT) 51.98 -3.68 (-6.61%). SYNT announced in Dec that it has revised guidance for fiscal 2012. The Company currently expects revenue in the range of $720-$722 million and EPS between $4.26 and $4.29 for fiscal 2012.
First Solar, Inc. (NASDAQ:FSLR) 31.37 -2.22 (-6.60%). Intermolecular Inc. (IMI) and First Solar Inc. (FSLR) have agreed for two-year collaboration and licensing that focused on further increases to the conversion efficiency of First Solar’s cadmium telluride (CdTe) solar cell technology.
After Hours Most Active
NYSE Ten Most Active Share Volume
| Symbol | Company | Last Sale | Share Volume |
| BAC | Bank of America Corporation |
$12.11 |
3,164,332 |
| BCE | BCE, Inc. |
$43.54 |
2,500,447 |
| BNS | Bank of Nova Scotia (The) |
$58.48 |
2,000,000 |
| ENB | Enbridge Inc |
$43.71 |
1,640,100 |
| ECA | Encana Corporation |
$20.18 |
1,525,600 |
| BMO | Bank Of Montreal |
$62.56 |
1,500,182 |
| EMC | EMC Corporation |
$24.20 |
979,672 |
| GGC | Georgia Gulf Corporation |
$43.46 |
852,067 |
| PFE | Pfizer, Inc. |
$26 |
690,183 |
| ABBV | AbbVie Inc. |
$34.46 |
682,616 |
NASDAQ Ten Most Active Share Volume
| Symbol | Company | Last Sale | Share Volume |
| QQQ | PowerShares QQQ Trust, Series 1 |
$66.65 |
1,337,592 |
| SIRI | Sirius XM Radio Inc. |
$3.09 |
639,172 |
| MSFT | Microsoft Corporation |
$26.72 |
606,181 |
| INTC | Intel Corporation |
$21.26 |
335,158 |
| CSCO | Cisco Systems, Inc. |
$20.31 |
324,425 |
| FB | Facebook, Inc. |
$29.48 |
292,592 |
| ORCL | Oracle Corporation |
$34.43 |
257,762 |
| QGEN | Qiagen N.V. |
$18.60 |
243,106 |
| SBAC | SBA Communications Corporation |
$69.79 |
240,272 |
| GILD | Gilead Sciences, Inc. |
$76.88 |
239,117 |
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Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.
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