We recently published a list of 10 Stocks Defy Monday’s Market Optimism. In this article, we are going to take a look at where $Capital One Financial Corp(COF-N)$. (NYSE:COF) stands against other stocks that defy Monday’s market optimism.

US shares kicked off Monday’s trading with a bounceback from last week’s pessimistic sentiment, as economies took a pause from their tariff war.

Additionally, investors breathed a sigh of relief on the February retail sales report which came in not as bad as feared.

According to the latest figures, retail sales rose 0.2 percent, albeit below the 0.6 percent as expected by analysts. Excluding autos, sales are up by 0.3 percent, in line with economists’ expectations.

Following the news, the Dow Jones clocked in a 0.85-percent gain, followed by the S&P 500 with 0.64 percent, and the tech-heavy Nasdaq with 0.31 percent.

Meanwhile, 10 companies bucked a wider optimistic sentiment over a flurry of negative corporate news that weighed down on their shares. In this article, we have listed Monday’s 10 worst performers and detailed the reasons behind their drop.

To come up with the list, we considered only the stocks with $2 billion market capitalization and $5 million in trading volume.

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Capital One Financial Corp. (NYSE:COF)

Capital One saw its share prices fall by 3.85 percent on Monday as investors sold off positions following concerns about its potential acquisition of Discover Financial for $35.3 billion, saying that it was “anti-competitive.”

According to a report by The Capital Forum, the Department of Justice was said to have found the deal “anticompetitive” in the subprime sector.

COF and Discover Financial 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.

“Our acquisition of Discover is a singular opportunity to bring together two very successful companies with complementary capabilities and franchises, and to build a payments network that can compete with the largest payments networks and payments companies,” said COF Chairman and CEO Richard Fairbank in a statement last month.

Overall, COF ranks 5th on our list of stocks that defy Monday’s market optimism. While we acknowledge the potential of COF as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as COF but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.