Well, Nasdaq is actually up 7 points today, but a large majority of the strongest growth stocks have been stunted. One of my favorites, CROX, actually fell from $59 at the open to a low of $52, but I missed the bargain-buying opportunity. It was bedtime for me (4-7 a.m. Hawaii time). Oh well.
Here's a look at my A- and B+ stock lists and where the targets compare as of 1:50 p.m. Eastern time.
[A-] Amazon (AMZN), Friday price 76, target 70 ... today's low 76, currently 77
[A-] Apple (AAPL), now 131, target 125 ... today's low 128, currently 132
[A-] Baidu (BIDU), now 198, target 175 ... today's low 186, currently 191
[A-] Crocs (CROX), now 58, target 54 ... today's low 52.50, currently 55
[A-] Foster Wheeler (FWLT), now 110, target 98 ... today's low 101, currently 101
[A-] Garmin (GRMN), now 98, target 88 ... today's low 95, currently 95
[A-] Google (GOOG), now 503, target 480 ... today's low 502, currently 507
[A-] Nintendo (NTDOY.PK), now 56, target 55 ... today's low n/a, current bid 57.20, current ask 57.50
[A-] Research in Motion (RIMM), now 218, target 206 ... today's low 213, currently 217
[A-] Under Armor (UA), now 64, target 60 ... today's low 62, currently 63
Of these 10 A- picks, only one has already hit the target (CROX).
[B+] China Medical Parts (CMED), now 32, target 30 ... today's low 27, currently 28
[B+] CNOOC Ltd. (CEO), now 113, target 111 ... today's low 109, currently 109
[B+] Darden Intl. (DAR), now 8.03, target 7.50 ... today's low 7.82, currently 8.03
[B+] Flowserve (FLS), now 68, target 65 ... today's low 67, currently 68
[B+] Focus Media (FMCN), now 39, target 35 ... today's low 37, currently 37
[B+] Gmarket (GMKT), now 22, target 21 ... today's low 21.55, currently 22.32
[B+] HDFC Bank (HDB), now 81, target 73 ... today's low 81, currently 83
[B+] Intercontinental Exch. (ICE), now 153, target 140 ... today's low 148, currently 152
[B+] Opsware (OPSW), sold to HPQ at 14.25
[B+] Potash Corp. (POT), now 85, target 77 ... today's low 81, currently 82
[B+] Precision Castparts (PCP), now 137, target 125 ... today's low 134, currently 135
[B+] Salesforce.com (CRM), now 39, target 27 ... today's low 38, currently 40
[B+] SanDisk (SNDK), now 53, target 49 ... today's low 53, currently 53
[B+] Sina Corp. (SINA), now 42, target 40 ... today's low 40.85, currently 41.63
Of the 14 B+, two Chinese stocks hit targets. CMED is a tough call even at 28. CEO, though, trades at only 11 times earnings and is a solid oil/gas play out of China. Plenty of growth ahead as an off-shore driller providing energy for a booming economy.
Gmarket of South Korea is another nice company on this radar. The robust earnings report of last week was nice, but I want to examine GMKT's potential competition across East Asia a lot more closely.
Overall, there's no point in climbing into a plane when weather is stormy. If anything, small ball (chiseling in with small positions) could work here, but I'm going to wait it out before buying more.
Pupule Paul is long AAPL, BIDU, CROX, NTDOY.PK, UA, FMCN and SINA.
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