GigaCloud Technology seems like a decent business, but a lot of things just look "off" here. Culper Research noted all of these in a September short article.

Though most sectors are suffering today, especially real estate and healthcare, energy stocks are on the rise as oil prices make a big resurgence.

Shares of Hong Kong-based online marketplace provider GigaCloud jumped almost 30% in its debut earlier this week. It opened at $19.20 on Thursday, up 57% from its original price of $12.25 per share. JD.com owns a 12% stake in the platform.

Stocks are sinking even lower on Friday. Both the S&P 500 and the Nasdaq are set to snap four-week win streaks, while the Dow is clinging to a small weekly win.