#19 Foster Wheeler

I like FWLT, but it ain't perfect. Once a year, a poor quarter followed (as the CEO says) by incredible strength.


Any takers here?

Nauseous? Watch the road

The nausea caused by the market tide doesn't mean there aren't some prices worth eyeing. Twenty of the 25 stocks I like are worth a look on the recent downturn.


ISRG starting to look attractive. Just a bit.


MasterCard is falling, too, even though the company is making major profits. I like it here below the 100-day SMA.


First Solar isn't cheap, but it's pretty good here. At worst, it's the leader in solar.


Really, McDonald's shouldn't be this cheap, not with its overseas exposure and growth. The honey mustard snack wrap is my fave. Still addicted to their fries.


Crude oil hit $104 a barrel today, but PetroChina shares are still sluggish.


Disney is a stock worth holding for a long time.


Up and down, down and up. Is Steve Jobs and his creative crew out of fresh ideas? I tend to think not. That's more of a key than whether they sell 10 million iPhones or not.


Really, is Google this bad?


RIMM's a bit pricey here.


I'd buy on these crazy dips if I could. Goldman Sachs at 165, didn't expect it, but it was always a possibility.


Focus Media hasn't proven its potential just yet and it's a bit expensive here.


CNOOC Ltd. is doing fairly well, while its cousin PetroChina is a slug. Go figure. Could be CNOOC's natural gas segment is getting a boost from rising demand.


Crashing hard. Where it bottoms out, who knows?


On discount lately. The CEO says they'll bounce back, just like last year.


Baidu and other China leaders can't get any traction here. Just a matter of time, perhaps, until the Beijing Olympics has an effect.


Nike trading in a range. Spooky here.


Just watching Mr. Softee for now.


China Life Insurance finally leveling out. What do the technical junkies call it? An ascending triangle ... which means it may break out. Or not.


Suntech Power is appealing right here.


There are probably dozens of better stocks than Chipotle right now. But I'm still watching.

Top 25: #21 Foster Wheeler

The big one that got away. That's FWLT, which jumped 5.2% yesterday and though somewhat cheap at 68.71, is no longer a bargain.

Top 25: #21 Foster Wheeler

I'm not sure why FWLT is lower than lululemon. Note to self: move Foster Wheeler higher.

Top 25: #20 Foster Wheeler

FWLT 68.47 +0.33 (+0.5%)
50-day SMA: 73.53 | 100-day SMA: 71.58 | 200-day SMA: 61.10
Good price, but not entirely cheap here.

Pupule portfolio

The market is beyond ridiculous now. Bear market? Or just a sharp correction? Whatever the case, here are more additions to the faux portfolio.

AAPL | in at 180.05 (6 shares) | 10% of position | 1/4/08

AAPL | in at 177.64 (11 shares) | 20% of position | 1/7/08

AAPL | in at 171.25 (18 shares) | 30% of position | 1/8/08

BIDU | in at 361.00 (3 shares) | 10% of position | 1/4/08
BIDU | in at 344.31 (6 shares) | 20% of position | 1/7/08

BIDU | in at 345.21 (9 shares) | 30% of position | 1/8/08

CEO | in 167.22 (60 shares) | 100% of position | 12/24/07



CHL | in at 84.65 (12 shares) | 10% of position | 1/2/08
CHL | in at 85.44 (23 shares) | 20% of position | 1/3/08

CHL | in at 83.88 (36 shares) | 30% of position | 1/4/08
CHL | in at 85.22 (47 shares) | 40% of position | 1/7/08



CMG | in at 127.01 (8 shares) | 10% of position | 1/4/08
CMG | in at 123.98 (16 shares) | 20% of position | 1/7/08

CMG | in at 117.87 (25 shares) | 30% of position | 1/8/08

EBAY | in at 32.49 (30 shares) | 10% of position | 1/2/08

EBAY | in at 32.84 (61 shares) | 20% of position | 1/3/08

EBAY | in at 31.30 (96 shares) | 30% of position | 1/4/08
EBAY | in at 30.44 (131 shares) 40% of position | 1/7/08

FLS | in at 90.50 (11 shares) | 10% of position | 1/7/08

FLS | in at 90.45 (22 shares) | 20% of position | 1/8/08

FMCN | in at 55.71 (18 shares) | 10% of position | 1/4/08
FMCN | in at 56.14 (36 shares) | 20% of position | 1/7/08

FMCN | in at 56.20 (54 shares) | 30% of position | 1/8/08

FWLT | in at 149.94 (7 shares) | 10% of position | 1/7/08

FWLT | in at 143.49 (14 shares) | 20% of position | 1/8/08





GOOG | in at 657.00 (2 shares) | 10% of position | 1/4/08
GOOG | in at 649.25 (3 shares) | 20% of position | 1/7/08

GOOG | in at 631.68 (5 shares) | 30% of position | 1/8/08

GS | in 214.32 (47 shares) | 100% of position | 12/24/07

ISRG | in at 305.00 (3 shares) | 10% of position | 1/4/08
ISRG | in at 299.98 (7 shares) | 20% of position | 1/7/08

ISRG | in at 271.73 (11 shares) | 30% of position | 1/8/08

LFC | in 80.70 (124 shares) | 100% of position | 12/24/07



LULU | in at 40.54 (25 shares) | 10% of position | 1/4/08
LULU | in at 38.45 (52 shares) | 20% of position | 1/7/08

LULU | in at 36.93 (81 shares) | 30% of position | 1/8/08



MCD | in at 57.93 (17 shares) | 10% of position | 1/3/08

MCD | in at 57.05 (35 shares) | 20% of position | 1/4/08
MCD | in at 58.03 (52 shares) | 30% of position | 1/7/08

MCD | in at 57.08 (70 shares) | 40% of position | 1/8/08



MSFT | in at 34.38 (29 shares) | 10% of position | 1/4/08
MSFT | in at 34.61 (58 shares) | 20% of position | 1/7/08

MSFT | in at 33.45 (90 shares) | 30% of position | 1/8/08



NKE | in at 62.71 (16 shares) | 10% of position | 1/3/08

NKE | in at 61.74 (32 shares) | 20% of position | 1/4/08
NKE | in at 62.11 (48 shares) | 30% of position | 1/7/08

NKE | in at 61.83 (65 shares) | 40% of position | 1/8/08

NTDOY.PK | in at 67.00 (15 shares) | 10% of position | 1/8/08

PTR | in 181.72 (55 shares) | 100% of position | 12/24/07



RIMM | in at 103.35 (10 shares) | 10% of position | 1/4/08
RIMM | in at 99.83 (20 shares) | 20% of position | 1/7/08

RIMM | in at 96.44 (31 shares) | 30% of position | 1/8/08

VMW | in at 83.95 (12 shares) | 10% of position | 1/3/08
VMW | in at 80.49 (25 shares) | 20% of position | 1/4/08
VMW | in at 72.99 (41 shares) | 30% of position | 1/7/08

VMW | in at 74.50 (53 shares) | 40% of position | 1/8/08

No. 14 Foster Wheeler: Keeps on truckin'

Back in February, Foster Wheeler drew my attention. Having no clue about what the company actually does, I was drawn to its fundamentals and accelerating earnings growth. Then, in the spring, FWLT missed earnings estimates, and I lost interest. Too bad. The fundamentals of the Co were still healthy, and the stock price drop turned out to be a buying opportunity for anyone who really stayed on top of the stock.


















FWLT won't be a buy for some time, but it'll come. When it hits the skids, it goes down fast, in RIMM-like fashion. But Foster Wheeler keeps bouncing back.

Pupule's Top 25 (Dec. 25)

Pupule demotion: FWLT

Naughty stock, very naughty and bad. Foster Wheeler is a tremendous company that missed estimates in its earnings report this morning.

Demoted from A- to B+. With infrastructure spending looming as a necessity across the nation, I expect FWLT to bounce back in Q3 and Q4.

Until then, no longer one of my top stock picks. Still in good company ... but momentarily disappointing.

Pupule Paul has no position in FWLT.

FWLT swings and misses, but Nasdaq being green

I passed on FWLT. A good pass. Being lights-out asleep through pre-market didn't hurt. Didn't get in, didn't know until later that Foster Wheeler missed estimates due to a big one-time transaction.

FWLT wasn't horribly punished as investors absorbed the data and gave the Co beneift of the doubt. Trading at $101 now after briefly dipping to $99.51. My watch list of nearly 30 stocks is almost all green with the Nasdaq up 1.6% (42 points). I did something different this morning, watching the list based on the losers for the day at the top. Why? Bargain hunting.

I won't be shopping for FWLT anytime soon, not when Amazon continues to consolidate in the high 70s and Apple keeps churing at 134. I regret not getting more Nintendo in the mid-50s; it's now trading above 60.

Yingli Green Energy, which I shunned as the market punished alternative energy last week, has rallied again. After dipping into the 14s last week, YGE is trading up 7.7% today to $16.62. The sector has rebounded with the market. Even First Solar is up to $109.

But the stock that grips me right now is Blue Nile (NILE). It sold off at the open following yesterday's remarkable gain. NILE sat at 92-93 for a little while, then zoomed up as stocks with an 11-million share float do. Now trading above $96, well above its moving averages.

It's tough to watch with discipline. Garmin had a similar earnings boost and upward guidance, and the stock never sold off with conviction. Same could happen with NILE.

Another tough pass is CEO, which was a buy at $112, but zoomed to $117 this morning on only 16,700 shares traded.

Yet, the real buy, if any, is Apple, which is well within its moving averages at $134.

The easy pass is LULU, which is up 4.2% to $37.78. Just don't trust those brand-new IPOs. It might take another few weeks, but I'd rather have LULU at $25.

Pupule Paul is long AAPL and NTDOY.PK.

Foster Wheeler earnings out before open

Who can guess where FWLT's stock will be at when the closing bell rings? If FWLT follows its competitors in the sector, it will not only beat estimates this morning, but raise guidance.

I saw FWLT end at $106 last night, only to go straight to $112 in after-hours trading. Does somebody know something?

If I had huge money to trade with, this would be a possible definite before the 9:30 a.m. Eastern conference call, and I'd hedge it with puts. That's how bullish I am on the stock. Wasn't always that way, but ever since I began focusing hard on fundamentals of stocks, Foster Wheeler simply stuck out so vividly.

Whether I get some shares of a Co that I rated A- a few months back, I don't know. Part of me wants to trim the breadth of my portfolio and focus only on four of five. My wild guess on where FWLT ends today's session: $123.

Pupule Paul has no position in FWLT.

By the chart: A- shopping list

Now that Big Ben has essentially told the markets, "You made your bed, go sleep in it," volatility is here to stay.

The good is that strong companies will still maneuver through the muck and reach new territory in the market. Weak companies? Investors will have less of a pain threshold for those little puppies who need boatloads of free cash to stay alive. Rough world.

Looking at the charts, here's how I view my A- picks on the shopping list. A bargain is a bargain is a bargain. No sense overpaying for great stocks when they always come back to a decent price. I don't think we'll see AAPL at $128 again soon, but I think it's a buy here. This list may help you (or not), but it will serve as a reminder to myself to avoid chasing a runner! It happened last week when I added more Nintendo at $62. Whoops.

AAPL 135
Middle of simple and exponential moving averages. Pupule says: Strong buy.

AMZN 79
At top of moving averages. Low volume today. Big fight between longs and shorts. Pupule says: Wait.

BIDU 199
Near top of moving averages. Below-average volume lately. Though I wanted to see BIDU come back down to 175, that looks out of the cards. Pupule says: Buy.

CEO 112
At bottom of moving averages. Soft upside volume, but the funamentals and the new deal in southeast China are positive. Pupule says: Strong buy.
[Note to self: If CEO trades at the same P/E as PetroChina (PTR), its PPS would be 124.]

CMG 108
Floating above moving averages. Pupule says: Wait.

CROX 57
Slightly above moving averages. Pupule says: Wait.

FWLT 106
At bottom of moving averages. Earnings next week. Pupule says: Strong buy.
[Note: FWLT traded at 111 in extended hours. Not so strong a buy at that level, but still in range.]

GOOG 516
No longer below moving averages with the nice gains in the past two sessions because of the wireless advertising (cellphone) dimension. Not as cheap as last week. Pupule says: Buy.

GRMN 100
Floating above moving averages. Pupule says: Wait.

NTDOY.PK 58
Just above moving averages, but this stock is so hot that it rarely trades within. I might get more here. Pupule says: Wait.

RIMM 222
At top of moving averages. Tough call here. Pupule says: Wait.

UA 64
Floating above moving averages. Pupule says: Wait.

Pupule Paul is long AAPL, BIDU, CROX, NTDOY.PK and UA.

Double-checking the shopping list

On Friday, I did some mental preparation (as opposed to physical prep via barf bag for another turbulent ride) by staking out some price targets if stocks plunged again.

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.

Get the A- shopping list out

Up, down. Down, up. I'm staying on the sidelines, as most of us are, but I'm still watching for bargain prices.

Unless the Fed cuts rates (doubt it), stocks will be stagnant until Q3 earnings are out. That's gonna be a long two months from now. I want the dips!

I'm not interested in buying all of these stocks, but if the market keeps running off the rail, these targets would make things interesting. There are too many plusses to the global economy to ignore, or to assume that the market is completely in the clutches of bears.

My wish list, current prices and target buy prices (highly adjustable):

[A-] Amazon (AMZN), now 76, target 70
[A-] Apple (AAPL), now 131, target 125
[A-] Baidu (BIDU), now 198, target 175
[A-] Crocs (CROX), now 58, target 54
[A-] Foster Wheeler (FWLT), now 110, target 98
[A-] Garmin (GRMN), now 98, target 88
[A-] Google (GOOG), now 503, target 480
[A-] Nintendo (NTDOY.PK), now 56, target 55
[A-] Research in Motion (RIMM), now 218, target 206
[A-] Under Armor (UA), now 64, target 60