Resilient RIMM Reports Results
Research In Motionshares are in positive territory so far this year as the company attempts to tighten its grip on the business device market. What’s the trade ahead of RIMM earnings Wednesday?
I think the number of RIMM subscribers will go up, up, up says Pete Najarian. And they’re in China! If there’s any pullback in this stock ahead of earnings, I think investors can buy it.
If RIMM slides to $100, it’s a buy adds Jeff Macke. I think the competition with Apple is wildly overstated. It seems to me that RIMM is better positioned for the business market.
I agree, says Jon Najarian. Business customers will put off buying iPhones for a while.
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Trader disclosure: On Mar.28, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Jon Najarian Owns (AAPL), (AG), (AGU), (BG), (COST), (DAL), (DE), (JWN), (MO), (MON), (MOS), (NOK), (NTRI), (NVDA), (POT), (RIMM), (TSO), (AET), (WCG); Jon Najarian Is Short (APOL), (TGT), (LEH), (MRK); Pete Najarian Owns (AAPL), (BIIB), (CSCO), (EMC), (ORCL), (TSO), (XLF), (YHOO), (MSFT), (NOK), (BKC); Pete Najarian Owns (LEH) Puts. (MER) Puts, (OIH) Puts; Pete Najarian Owns (BSC) Calls, (COP) Calls, (NVDA) Calls; Macke Owns (YHOO), (INTC), (DIS), (EMC); Finerman Owns (GS); Finerman's Firm Owns (DSW), (JCP), (MSFT), (MO), (MSFT), (SUN), (TSO), (VLO), (WMT), (YHOO); Finerman's Firm Is Short (IYR), (IJR), (MDY), (IWM), (SPY)