Investors should be cautious. The company reports on March 24, and the benefits of Blackberry 10 will not be known until the quarter after.
4. First Solar, Inc. ( FSLR): Market cap at $2.43B, most recent closing price at $27.91. FSLR shares are losing their shine after peaking at nearly $35 at the start of the year. Short-selling volume declined 14.7% between December 31 2012 and January 15 2013. Prospects for First Solar are strong. Investors should wait for shares to settle before adding a position.
5. Ctrip.com International Ltd. ( CTRP): Provides travel services for hotel accommodations, airline tickets, and packaged tours in the People's Republic of China. Market cap at $2.87B, most recent closing price at $19.99. CTRP plunged from $24 to around $20 recently, after short-sellers reduced their bearish bet. Investors should be reminded that Ctrip.com is not like Priceline ( PCLN) or Expedia ( EXPE). Shares declined after Oppenheimer said its coupon program will extend to plane tickets. A price war would substantially reduce earnings and threaten the viability of the Chinese online travel firm sector.