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Research in Motion Ltd. (Nasdaq:RIMM) is a compelling buy right now, says Horacio Marquez. The company dominates the corporate market with its Blackberry phone and has a “bulletproof” balance sheet. Horacio says the correction in RIMM’s share price should have run its course by now, meaning a big opportunity for profits in the coming year.
With the benchmark Federal Funds rate already down to 1.0%, U.S. Federal Reserve Chairman Ben. S. Bernanke has only so much room for another cut (although many economists are predicting an additional half-percentage-point cut at the Dec.15-16 meeting).
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Competition in the high-end cell phone market is getting fierce. The winners are quickly outpacing the losers and shareholders are paying the price.
One of the world’s most highly watched phone manufacturers, Research in Motion (NASDAQ:RIMM), and its Blackberry lineup, is losing ground to competitors like Apple (NASDAQ:AAPL) and Nokia (NYSE:NOK). The proof is in the company’s latest earnings estimates.
Earlier today, RIMM drastically revised its fiscal third-quarter guidance. The company had forecast quarterly earnings per share in the range of $0.89 to $0.97, but today announced significantly lower expectations of just $0.81 to $0.83.
The company blames a slow economy and detrimental changes in exchange rates for the decline, but smart investors will look beneath this financial façade and realize Blackberry has some serious…
Money Map Report editor Horacio Marquez says Apple Inc. (Nasdaq: AAPL) is a bargain at today’s prices. The company continues to grow and diversify, and will keep gaining market share for its products. However, a consumption slowdown and tough competition means caution is essential when building up a position.
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With all the recent downturns in the markets, many investors aren’t sure where to put their money. Dr. Marc Faber, however, sees a light – albeit, a dim light – at the end of the tunnel, and offers some advice.
Editor’s Note: Money Morning’s William Patalon III says crude oil prices above $142 a barrel and the 20% slump in the Dow Jones Industrial Average (DJI) since October are the chief concerns for investors.
