Market Update After Hours January 7

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

edliston

edliston

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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