RIM (RIMM -2.3%) gives back a portion of yesterday's gains after Citi's Jim Suva reiterates a Sell and argues shares aren't properly discounting the threat posed by cheap Android phones, particularly to emerging markets sales. Moreover, Suva believes enterprises "will take at least 4-6 months" to test BB10, and is unimpressed with RIM's management software in light of competition from Good Technology, SAP, and others. The remarks come as RIM officially launches BlackBerry Enterprise Server 10, which supports iOS/Android device management to go with BB10. [View news story]
If Suva had any idea of what he was talking about he would have jumped on RIMM when it was $6.00 which is what he values it at today.
More on the Bank of America (BAC -2.3%) downgrade: The stock price is discounting a 16% cut in expenses this year, better than the firm expectation of 10%, say the CS analysts, as the MSR sales won't begin impacting costs until 2014. Better values in the big bank sector are C, JPM, and USB. [View news story]
Financials add to the regular session's big gains as Meredeth Whitney gets bullish on the sector, particularly Bank of America, Citigroup, and Discover. The catalyst for the group will be the March release of the Fed's stress tests showing them adequately capitalized, paving the way for more share repurchases and dividend bumps. BAC +2.1%, C +0.5%, DFS +2.3%, XLF +0.4% AH. [View news story]
RIM (RIMM -2.3%) gives back a portion of yesterday's gains after Citi's Jim Suva reiterates a Sell and argues shares aren't properly discounting the threat posed by cheap Android phones, particularly to emerging markets sales. Moreover, Suva believes enterprises "will take at least 4-6 months" to test BB10, and is unimpressed with RIM's management software in light of competition from Good Technology, SAP, and others. The remarks come as RIM officially launches BlackBerry Enterprise Server 10, which supports iOS/Android device management to go with BB10. [View news story]
I can't stand Stupity
More on the Bank of America (BAC -2.3%) downgrade: The stock price is discounting a 16% cut in expenses this year, better than the firm expectation of 10%, say the CS analysts, as the MSR sales won't begin impacting costs until 2014. Better values in the big bank sector are C, JPM, and USB. [View news story]
Financials add to the regular session's big gains as Meredeth Whitney gets bullish on the sector, particularly Bank of America, Citigroup, and Discover. The catalyst for the group will be the March release of the Fed's stress tests showing them adequately capitalized, paving the way for more share repurchases and dividend bumps. BAC +2.1%, C +0.5%, DFS +2.3%, XLF +0.4% AH. [View news story]