This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Monday's Late Winners & Losers

Monday's relatively quiet after-hours session saw mixed results, and among the big winners was rechargeable-battery maker China BAK Battery (CBAK), which leapt more than 30% on the possibility of a big-time deal.

BAK said it inked a non-binding letter of intent toward a signing a definitive supply contract with computer giant Hewlett-Packard (HPQ). Should an agreement result, BAK will allocate at least half of its monthly cylindrical lithium-ion battery-cell manufacturing capacity to H-P, which will use the products in its notebook-computer batteries. BAK shares were recently up $1.28 to $5.49; H-P ticked up 27 cents at $48.70.

STEC (STEC), which makes flash-memory products, among other things, surged 8.3% to $7.31 on better-than-expected earnings. The Santa Ana, Calif., company posted a nickel-a-share profit, or 3 cents higher than Wall Street expectations, according to Thomson Financial. Third-quarter guidance also leans to the higher end of consensus.

Shares of Luminent Mortgage (LUM), however, took more punishment after the beleaguered mortgage investor reported it has gotten default notices from eight more repo lenders. These, in turn, triggered a default under the asset-backed commercial paper issued by a Luminent affiliate and may catalyze another default regarding an indenture relating to $90 million in Luminent convertible senior bonds.

The news come on the heels of last week's damaging revelation that Luminent received default notices from two other repo lenders . Shares of the San Francisco-based company plummeted 39.8% to 59 cents.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs