Early Stock Movers (AAPL, CIE, NRG)

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Among the names that traders may want to keep an eye on in the early going on Tuesday are Apple
AAPL
, Cobalt International Energy
CIE
, and NRG Energy
NRG
. Apple shares are running in the early going after a steep pullback in recent sessions. The stock has jumped 2.39% to $594.00 after opening the day lower. Nevertheless, AAPL shares are still down more than 6% over the last 5 trading sessions. Cobalt International Energy is moving aggressively higher after getting hit hard on Monday on a Financial Times report that the company could be in violation of the Foreign Corrupt Practices Act in relation to its activity in Angola. Analysts at Morgan Stanley, however, released a note this morning suggesting that even if this were a case, the likely result would be a comparably small fine versus yesterday's fears that the company could lose its 40% working interest in Angola Block 21 and 9. The analysts wrote that "we believe CIE has no risk of losing its interest in pre-salt Angola blocks under US law." They said that a fine may equate to $0.15 per share versus a $2 loss in the stock yesterday. CIE shares are surging on the updated analyst commentary, and were last up a little less than 6% at $27.88. NRG Energy
NRG
, which has been beaten down in recent months, was upgraded to Buy at Deutsche Bank this morning. Shares were last trading up 5.37% to $15.11 on the bullish analyst news. Given the degree of the sell-off in NRG, which has persisted despite the market rally in 2012, there could be some continued upside in the name throughout the day.
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