It's early as heck (3:49 a.m. here), but it may as well be Christmas Eve. Not because a bunch of gifts are sitting under the tree.
My screen is lit with red and green lights all over. Seems like another choppy session is ahead.
Up: RIMM, AAPL, CEO, FWLT, GRMN, CROX, LULU, PWRD, GMKT.
Down: GOOG, BIDU, FSLR, AMZN, SINA.
Gmarket (GMKT), a South Korean e-commerce Co, is riding on yesterday's blowout earnings numbers. Shares reached $24.48 but have pulled back to $23.89.
Apple's bounce is no surprise now that the early-week rumormongering by media with unfounded info about iPhone and iPod production was pure crap. AAPL is up nearly a buck to $135.95. CNOOC (CEO) is bouncing back from yesterday's bond issue, up $2 to $116.75. Still a steal at 11 times earnings.
Garmin (GRMN) is kicking tail and rolling up nearly 3% to $95.26. My decision to pass on GRMN at $83 the other day is giving me the blues.
lululemon athletica (LULU) isn't acting like typical IPOs. Nearly a week since going public, the stock refuses to sink. LULU is up almost 7% to $33.20 in what has become a sexy sector. lululemon's emergence is not hurting pseudo-competitors Crocs and Under Armor one bit. In fact, Jim Cramer touted all three during a long riff yesterday on Mad Money.
Surprisingly, Perfect World (PWRD) is rallying after a few days of decline. The Chinese online gaming company went public one week ago and reached $30 before the inevitable selloff. PWRD is up $1.39 to $22.39.
Starbucks (SBUX) buyers are happy. That is, the stock buyers, not the coffee buyers, who are now paying 9 cents more for their favorite beverages. SBUX is trading at $27.50 this morning.
On the down side, Eric Bolling of Fast Money hammered FSLR yesterday, predicting a drop to $75. Bolling, of course, is a gas/oil trading specialist, so he is a bit biased.
Also down, to my chagrin, is Nintendo (NTDOY.PK). The stock is mirroring a 3.8% drop in Tokyo. The U.S. pink sheets are currently down to $56 from the high of $65 (July 26), a plunge of 14%.
Nasdaq is just barely positive (up 9 points) and the Dow Jones is up 39 points to 13,400. Just another unpredictable day ahead.
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