NEW YORK (TheStreet) -- The holiday week started off with a bang. Apple (AAPL) - Get Apple Inc. Report finally sealed the deal with China Mobile Limited (CHL) - Get China Mobile Ltd. Report, 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) - Get Tiffany & Co. Report 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.
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.
Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.