10 Stocks Defy Monday’s Market Optimism

2. Discover Financial Services (NYSE:DFS)

Discover Financial lost 6.86 percent of its value on Monday to end at $152.99 each as investors sold off over concerns that its potential merger with Capital One might not push through.

According to a report by The Capital Forum, the Department of Justice was said to have found the COF’s $35.3-billion acquisition of DFS as “anticompetitive” in the subprime sector.

COF and DFS secured their shareholders’ approval of the merger last month, and the transaction was expected to be closed early this year, subject to customary closing conditions, including the approval of the Federal Reserve and the Office of the Comptroller of the Currency.

Meanwhile, the Delaware State Bank Commission gave its green light for the proposed acquisition in December.