Fidelity National Information Services (NYSE:FIS) announced today that it would spin off its lender processing division into a new publicly traded company. The decision comes just weeks after the company bolstered its transaction services business with the $1.8 billion acquisition of eFunds.

"We believe the proposed separation will provide more company flexibility and dedicated management focus with respect to product development, capital investment and strategic initiatives, which should ultimately drive higher value to our customers and shareholders," Foley said.

The split will let Fidelity National focus on transaction processing services for banks and thrifts, which sell processing, electronic payment and credit card processing services. Meanwhile, the new spin-off will handle the mortgage end of the business which sells data processing and other technology to mortgage lenders.

Fidelity expects the spin-off to be completed by the middle of 2008, pending approval by the Securities and Exchange Commission and a ruling from the IRS related to the tax-free nature of the transaction. Shares rose over three percent today on the news before falling marginally. Combined, these factors make FIS a stock worth watching!

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WellCare Health Plans (NYSE:WCG) shares plunged after the FBI showed up with search warrants for documents and files at the company's headquarters. The company offered no further details, but are cooperating with the investigation and keeping core services running. Shares were trading at $115 before being halted and are now set to trade around $40.

The investigation is likely related to an abuse of government subsidies for healthcare since any accounting fraud is usually handled by the SEC and IRS. Similar FBI raids took place in the online education industry not long ago, when the government alleged that they were misappropriating subsidized government loans. The case against those companies was eventually dropped after the allegations turned out to be false.

Currently, shares in the company appear to be priced for the worse case scenario. The stock is trading at around $41 per share, which is just a few dollars above the company's $39 per share in cash. Assuming that the company will not be forced to pay any huge fees, a profitable company trading at cash value is definitely something you don't see every day.

In the end, investors do not yet have enough information about the situation to pass judgment. If the investigation goes the way of online education companies not long ago, then the shares will likely return to their previous levels. Meanwhile, even if the investigation finds some issue, a company trading at cash value is certainly a great deal assuming there are no huge fees levied. Combined, these factors make WCG a stock worth watching!

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Nintendo (OTC:NTDOY) continues to woo investors after announcing yet another record quarter. The video game company reported net profits of $1.16 billion on sales that more than doubled and operating profit that rose 181 percent. Shareholders are hoping that the company can continue this streak of impressive growth and deliver value to investors.

Nintendo shares have nearly doubled this year with the success of its innovative Wii gaming console and continued strength in its handheld gaming businesses. Since the Wii's launch in November, the company has sold 13.17 million units and now expects to sell 17.5 million during this fiscal year. Meanwhile, the company also raised its sales forecast on handheld units by 61 percent.

The Wii continues to outsell the Sony Playstation and it wasn't until only recently that Microsoft's Xbox was able to beat out the console. The Wii relies on price and a unique controller in order to drive gamers despite a lack of big-name software titles. This is the opposite of Microsoft and Sony who rely on huge titles like Halo and Final Fantasy to drive sales.

In the end, Nintendo continues to impress shareholders and investors with astounding numbers. The only big problem in the near-term is a strengthening Yen that may end up affecting the price of its units. It's shares have been on a steady increase since 2006 - up over 350 percent. Clearly, this makes NTDOY a stock worth watching!

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