Market Madness Day Two: First Solar and Bank of America Advance to the Next Round

Joel Anderson  |

The madness rolls on! Yesterday saw BOTH number one seeds fall in our Blue Chip Bracket and Cinderella Bracket, and the Cinderella Bracket had all three of the top three seeds drop their first-round match up. Now, the "games" keep rolling along for Market Madness with the Mid Major Bracket and the Road to Redemption Bracket both play their first rounds today.

Mid Majors Bracket

(1) Cobalt International Energy (CIE) +6.93 percent over (16) The Gap (GPS) -0.98 percent

(15) Valero Energy (VLO) -0.11 percent over (2) Regeneron Pharmaceuticals (REGN) -0.36 percent

(14) Alexion Pharmaceuticals (ALXN) -0.57 percent over (3) RSC Holdings (RRR) -1.05 percent

(13) Bank of America (BAC) +6.06 percent over (4) Seagate Technology (STX) +0.49 percent

(5) Cheniere Energy (LNG) +1.34 percent over (12) Netflix (NFLX) -0.19 percent

(6) Illumina (ILMN) -0.08 percent over (11) Fossil (FOSL) -1.59 percent

(7) Skyworks Solutions (SWKS) -0.85 percent over (10) Lululemon Athletica (LULU) -2.96 percent

(9) Tata Motors (TTM) -0.31 percent over (8) Youku (YOKU) -4.38 percent

Finally! A one seed wins its first round match-up! Cobalt Energy performed like it earned a top seed (not that it really did, but still). Cobalt's nearly 7 percent gain resulted helped it trounce the 16th seeded khaki merchant The Gap. However, the Mid Major Bracket wasn't devoid of upsets as the two, three, and four seed all went down in the first round. Bank of America, having recently passed the Fed's stress tests, has the makings of a Cinderella team ready for a string of upsets.

Road to Redemption Bracket

(16) R.R. Donnelley & Sons (RRD) +2.10 percent over (1) Hewlett-Packard (HPQ) +0.37 percent

(2) Baker Hughes (BHI) 2.86 percent over (15) United Therapeutics (UTHR) +0.78 percent

(3) Alcoa (AA) +1.84 over (14) DeVry (DV) +1.54 percent

(4) Carnival (CCL) -0.22 percent over (13) Southwest Airlines (LUV) -1.66 percent

(12) Peabody Energy (BTU) 4.86 percent over (5) Yahoo (YHOO) +1.98 percent

(6) First Solar (FSLR) +4.45 percent over (11) US Steel (X) +0.34 percent

(7) Alpha Natural Resources (ANR) +4.08 percent over (10) Inergy (NRGY) +0.69 percent

(8) Arch Coal (ACI) +0.49 percent over (9) NII Holdings (NII) -3.00 percent

And, once again, the bracket's top seed doesn't make it out of the first round. So, all told, three of the four one seeds go down in their first match up. However, RR Donnelley & Sons taking down Hewlett-Packard and Peabody Energy beating Yahoo were the only two upsets in the Road to Redemption Bracket. After the first three brackets offered up a series of major upsets, this bracket kept things simple.

Day Two Wrap Up

So the sole surviving one seed is Cobalt International as the bracket chugs along. Tune in on Monday as the Blue Chip Bracket and the Cinderella Bracket enter the second round. By the end of Tuesday, the Sweet Sixteen will be set!

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Companies

Symbol Name Price Change % Volume
LNG Cheniere Energy Inc. 61.32 0.85 1.41 1,145,263
CCL Carnival Corporation 45.45 0.60 1.34 3,383,849 Trade
ALXN Alexion Pharmaceuticals Inc. 114.84 3.41 3.06 2,557,336 Trade
FOSL Fossil Group Inc. 9.84 0.10 1.03 1,418,323 Trade
AA Alcoa Corporation 18.47 0.16 0.87 3,383,098 Trade
VLO Valero Energy Corporation 78.40 0.39 0.50 2,409,376 Trade
STX Seagate Technology PLC 47.24 0.87 1.88 2,473,496 Trade
LUV Southwest Airlines Company 50.59 0.57 1.14 2,097,666 Trade
BTU Peabody Energy Corporation 19.66 0.31 1.60 661,729 Trade
BAC Bank of America Corporation 26.93 0.21 0.79 47,803,059 Trade
ILMN Illumina Inc. 290.50 5.85 2.06 505,605 Trade
GPS Gap Inc. (The) 16.96 0.65 3.99 11,520,090 Trade
TTM Tata Motors Ltd Limited 7.85 -0.62 -7.32 2,825,146 Trade
LULU lululemon athletica inc. 183.33 3.66 2.04 971,617 Trade
X United States Steel Corporation 12.11 -0.20 -1.62 8,468,650 Trade
FSLR First Solar Inc. 63.87 0.79 1.25 738,298 Trade
HPQ HP Inc. 18.96 0.05 0.26 7,505,581 Trade
NFLX Netflix Inc. 297.81 -1.18 -0.39 5,690,313 Trade
SWKS Skyworks Solutions Inc. 77.58 0.84 1.09 1,314,089 Trade
YHOO Yahoo! Inc. n/a n/a n/a 0 Trade
ACI Arch Coal Inc n/a n/a n/a 0 Trade
UTHR United Therapeutics Corporation 82.78 1.47 1.81 283,580 Trade
YOKU Youku Tudou Inc ADR (Sponsored) n/a n/a n/a 0 Trade
REGN Regeneron Pharmaceuticals Inc. 297.78 1.75 0.59 451,662 Trade
DV ATGE Brown Forman Inc Class B n/a n/a n/a 0
RRD R.R. Donnelley & Sons Company 2.10 0.07 3.45 1,192,038 Trade
CIE Cobalt International Energy Inc. COBALT INTERNATIO n/a n/a n/a n/a

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