NEW YORK (TheStreet) -- The holiday week started off with a bang. Apple
(AAPL) finally sealed the deal with China Mobile Limited
(CHL), which brings the iPhone 5S and 5C to the world's largest network carrier, said TheStreet's Jonathan Marino.
Chinese customers will be able to place orders starting on Wednesday. Network coverage will begin on Jan. 17. Shares of AAPL are up roughly 3% on the news.
Tiffany & Co. (TIF) hasn't started the week as well, according to Marino. A Dutch arbitration panel has ordered the luxury retailer to shell out close to $450 million to Swatch after Swatch accused Tiffany of trying to "block and delay" a joint partnership the two entered in 2007.
The hefty payout could erode TIF's earnings per share by up to 60% next quarter, he said.
Finally, Marino noted TheStreet's Jim Cramer still likes Nike (NKE), which reported earnings last week, and he considers current prices a buying opportunity.Marino said NKE revenue rose by 8% and still has growth opportunities in Europe. Although shares are off 6% from the highs, they are still up almost 50% in 2013. -- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell
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