Market Madness Day Five: Sweet 16 Winners and Losers

Joel Anderson  |

All the days' games are finally taking place at the same time as we enter Market Madness' Sweet Sixteen. Today's companies are fighting for that chance to be one game away from the Final Four, achieving the dreams that these CEOs and CFOs have had since they were knee high. Or at least, that's what one would have to assume. So, without further ado, lets get to the day's action. Be sure to keep checking the Market Madness Bracket.

Blue Chip Bracket

8. Google (GOOG) +0.89 percent over 13. Wells Fargo (WFC) -1.65 percent

Warren Buffett favorite Wells Fargo falls to the same company that eliminated Berkshire Hathaway (BRK.A) in the first round! The Wizard of Omaha can't be pleased about that one. However, his massive net worth might help ease some of that pain.

15. Coca-Cola (KO) +0.42 percent over 11. AT&T (T) -0.41 percent

But just as Wells Fargo falls, another favorite company of Buffett's rises to the occasion! Coca-Cola has advanced to the Elite Eight despite starting as a 15 seed and has a chance to avenge Berkshire AND Wells Fargo for Buffett if it can defeat Google and move on to the Final Four!

Mid Major Bracket

13. Bank of America (BAC) -2.24 percent over 9. Tata Motors (TTM) -3.41 percent

It was an ugly, ugly match-up for these two teams and both lost over 2 percent on the day. Bank of America, though, continued to prove untouchable and got lucky enough to stumble on a day that its opponent fell even further.

6. Illumina (ILMN) +0.22 percent over 7. Skyworks Solutions (SKWS) -0.32 percent

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Genetics company Illumina won a tight Sweet Sixteen match up with Skyworks to move on to the Elite Eight. It's ready for a big Friday showdown with Bank of America which, despite being a 13 seed, has proven to be the favorite out of the Mid Majors Bracket since day one. Can B of A's bull run carry it all the way to the title? Not if Illumina has it in its DNA to stop the big bank.

Road to Redemption Bracket

4. Carnival Cruise Lines (CCL) -0.65 percent over 8. Arch Coal (ACI) -3.57 percent

And Carnival cruises into the Elite Eight with a big win over their Arch rivals!

3. Alcoa (AA) -2.53 percent over 2. Baker Hughes (BHI) -4.04 percent

Alcoa takes it in another "who wants this less?" match up. It's interesting that in the game between the two highest remaining seeds, both posted losses of more than 2.5 percent. This pits aluminum giant and long-time market bellwether Alcoa against Carnival Cruise Lines whose ships most likely are made with substantial amounts of aluminum.

Cinderella Bracket

5. LivePerson (LPSN) +1.13 percent over 16. Interline Brands (IBI) -0.73 percent

Needless to say, of the many (MANY) avid watchers of Market Madness, the vast majority were pulling for Interline Brands, the only of the three 16 seeds that made it on to the Sweet Sixteen, to pull yet another upset. Alas, it was not meant to be.

7. Smith & Wesson (SWHC) +11.30 percent over 14. American Vanguard (AVD) +1.09 percent

Smith & Wesson gunned down another victim in American Vanguard after posting an 11.3 percent jump on news of rising gun sales that boosted the entire industry. It may want to save some of that ammunition for later rounds, though. Poor American Vanguard's 1.09 percent jump would have been enough to win most of the day's match ups, but it wasn't gonna touch the gun maker. Our last Elite Eight game is set with Smith & Wesson hoping to turn LivePerson into DeadPerson.

Tomorrow: The Final Four are Set!

With the slate of games for the conference finals set, Friday should prove to be an exciting game. Tune in after market close to find out who's going to make the Final Four!

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not necessarily represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:


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