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

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Strengthen your portfolio in good times and bad.

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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

Economics

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

Earnings

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

After: Research In Motion

Click here for the full trading radar.



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No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

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