Here's an updated look at my A and A- grade stock picks and how they've done since hitting last week's lows.
AAPL 122, low 111, up 9%The stock is lagging behind the other A graders but there's no point in complaining about 9% up. At 122, AAPL is trading below its 1-year, 13- and 50-day moving averages, just punished by the big boys who took their profits and ran. The issue here now is, no matter how well AAPL executes, will the big boys continue to use and abuse the stock for their shortcomings in other areas like subprime mortgages? I think they will, but only after another huge Apple-icious run. Pupule says: Strong buy.
AMZN 74, low 70, up 5.7%. Slow to move, and the humongous PEG (over 3.0) is certainly a reason for buyers to be cautious. Jeff Bezos has blown out the estimates for two quarters in a row, but at 74, the stock is trading just a tiny bit above its pre-Q2 earnings price. Stock is trading within its 13- and 50-day moving averages. Pupule says: Buy.
CROX 56, low 44, up 21%
The guys who have compained in recent weeks, even before last week's selloff, have no right to bitch. "Waah, why is CROX only up 1 buck today?" When CROX hit $60 after destroying bears and shorts with a Q2 report with raised guidance, there was still whining. Yep, up 50% in three months and a few people couldn't stop grumbling. Well, here were are, post-mortage massacre, and CROX is up 21% from its low. Before today, the stock was well within its 13- and 50-day moving averages. Today, however, buyers were stampeding back in and the stock was up more than 9%. The stock is above its moving averages now. That was quick. Pupule says: Wait.
GRMN 97, low 86, up 12.7%
A beautiful company and a beautiful stock. Raised guidance, then got crushed by the selloff. The smart buyers got their Garmin below 90. The rest of us who didn't have dry powder cried a river. At 97, GRMN is trading at the top of its moving averages. Pupule says: Wait.
RIMM 235, low 184, up 27.7%
If you're a genius, you grabbed all the RIMM you could below 190. Today's move, particularly in the final hour, was dizzying. During that two-day period last week when all hell broke loose in the mortgage mess, RIMM was below its 13- and 50-day moving averages. Now? It's blasted off, far above its moving averages. It'll come back down, but probably not in our lifetimes. Pupule says: Wait.
BIDU 187, low 161, up 16.1%Even with today's nice bump up, the stock is trading within its moving averages. Volume today was relatively low, which means the stock could be cheaper tomorrow. Pupule says: Buy.
CEO 104, low 92, up 13%
My favorite oil and natural gas stock is rallying off its lows. At one point, CEO touched its 200-day moving average. Spooky unless you were smart enough to scoop up more shares. At 104, with a P/E of 11, CEO is still trading below its 13- and 50-day moving averages. Oil prices are fluctuating, but China's demand for oil and nat gas will not cease for a long time. Pupule says: Strong buy.
CMG 101, low 92, up 9.7%
Chipotle hasn't moved up big, but the blowout Q2 earnings will continue to steady the ship. The stock is trading at its 13-day moving averages, well above the 50-day MA. Pupule says: Wait.
FLS 68, low 62, up 9.6%
Despite blowout earnings, Flowserve continues to hover between its 13- and 50-day moving averages. Pupule says: Buy.
GOOG 497, low 480, up 3.5%
Stock continues to be pummeled, down fractionally today. At 497, trading between its 13- and 50-day averages. I like what Google is doing in China. This team will not be stopped. Pupule says: Buy.
NILE 78, low 71, up 9.8%
Still well below its all-time high of 98. Stock was finally reviving today, up more than $3. Trading between its 13- and 50-day moving averages. Pupule says: Buy.
NTDOY.PK 52, low 51.95, no gain
The stock has languished along with the rest of the Nikkei. When the market in Tokyo settles down, the stock will be poised for another breakout. Wii and DS sales are too strong. Stock now touching its 50-day moving averages, well below its 13-day MA. Pupule says: Strong buy.
UA 64, low 54, up 18.5%
Short interest is still high, and though the stock is off its all-time highs after the great earnings report (and raised guidance), it is trading above its moving averages. Pupule says: Wait.
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