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Two Ways: Can BlackBerry Take the "App" Out of Apple?


Strengthen your portfolio in good times and bad.


Yesterday, Research In Motion (RIMM) opened its online BlackBerry store in an effort to compete with Apple's (AAPL) popular App Store.

The company expects developers to post around 1000 applications this week (Apple has over 15,000). Users will be able to buy them via PayPal. According to the Wall Street Journal, in order to entice developers, Research In Motion will allow them to keep 80% of revenues from sales of their applications. Apple lets their developers keep just 70%.

The company will report earnings after the close. Current estimates call for earnings per share of $0.84 on revenues of $3.402 billion.

From the Bull Pen: Earnings plays are a gamble and playing them can be reckless. Those bullish Research In Motion can look to pick the shares up on a move to $40 after the company reports earnings tonight.

From the Bear Cave: It's hard to find shorts in this market. Bears need to remain patient and wait for stocks to run into resistance. Consider shorting Bank of America (BAC) on a move to $8. Place a buy stop at $9.00.

Quick Check Around the World

Asian trading closed with the Hang Seng 7.41%, India 4.51%, Nikkei 4.40%, Taiwan 3.00% and Shanghai 0.72%.

Glancing towards Europe, we see the CAC 4.27%, DAX 4.77%, FTSE 3.09%

As of 7:45 AM EST, S&P Futures are trading +12.00 to 821.25, and Nasdaq futures are +21 to 1272.

A Look At Commodities

Crude oil is trading 2.80 to 50.74. Gold is -10.00 to 917.70. Silver is -0.16 to 12.810, and copper 3.25 to 188.15.

On the Radar


08:30 Initial Jobless Claims
08:30 Continuing Claims
10:00 Factory Orders -1.3%


Before: CarMax, Lindsay Corporation, Monsanto Company and Rite Aid.

After: Research In Motion

Click here for the full trading radar.

In memory of our fallen friend and trusted colleague, Bennet Sedacca, 100% of the donations made to the RP Foundation through April will be channeled to philanthropic endeavors consistent with the RP mission, working closely with the Sedacca clan in the distribution of those funds. We thank you kindly for your support as we strive to effect positive change in the lives of children.

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No positions in stocks mentioned.

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