Here’s Why These Five Stocks Are on the Move on Monday

Fairmount Santrol Rallies on Higher WTI

Shares of fracking sand supplier Fairmount Santrol Holdings Inc (NYSE:FMSA) have popped almost 16% today as traders pile into the name due to higher crude prices. With WTI prices near $50 per barrel and up around 2% so far, various fracking companies could drill more and demand for fracking sand could increase. Stronger demand could lead to more EBITDA for Fairmount. Morgan Stanley has a $9 price target. The number of funds from our database with holdings in Fairmount Santrol Holdings Inc (NYSE:FMSA) fell by three to six 6 during the first three months of 2016.

Chimera Investment Rises on Upgrade

Chimera Investment Corporation (NYSE:CIM) is 1% higher after analysts at Nomura raised their price target to $17 from $16 and kept their ‘Buy’ rating. The analysts like Chimera’s strong mid-teen return on equity and its ‘predominantly credit rather than rate sensitivity’. Shares of Chimera Investment Corporation (NYSE:CIM) have rallied almost 20% year-to-date and trade for a forward P/E of 7.44. The stock also pays a $0.48 quarterly dividend, which represents a 12.6% dividend yield at current prices. Of the around 766 elite funds we track, 12 funds owned $168.79 million worth of Chimera Investment Corporation (NYSE:CIM) shares, which accounted for 6.60% of the float on March 31, versus 14 funds and $232.31 million, respectively, on December 31.

Yingli Green Energy Surges on Guidance

Yingli Green Energy Holding Co Ltd (ADR) (NYSE:YGE) is 25% higher after the company announced its preliminary financial results for the first quarter of 2016. According to the company’s press release, Yingli expects net income for the quarter to turn positive for the first time since the third quarter of 2011, with an estimated net margin of 2.5% to 4.5%. Quarterly PV module shipments are expected to be between 500 and 510 MW and overall gross margin is expected to be in the range of 18.5% to 20.5%. The better margins are mainly the result of higher shipments in Japan, where the prices per watt are higher than other places in the world.

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