Money Morning Capital Wave Strategist Shah Gilani joined FOX Business' "Cavuto" on Friday to talk about the stock market this week.
Market headlines highlight telecommunications company BlackBerry's (Nasdaq: BBRY) severing of its relationship with recording artist Alicia Keys. BlackBerry hired Keys as creative director last year, but sales tanked - the company recently announced it expects to suffer a $4.4 billion loss for its third quarter of 2014.
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Why BlackBerry (Nasdaq: BBRY) Stock Price Keeps Falling
BlackBerry Ltd. (Nasdaq: BBRY) stock suffered a black eye last week, but now a white knight hopes to turn things around for the company.
BBRY plunged 17% Friday after the company announced it's anticipating a quarterly loss of nearly $1 billion, due largely in part to the failure of the new BlackBerry 10 line of phones. The BB10s were supposed to be the shot in the arm the ailing company needed.To continue reading, please click here...
- Don't Bet on a RIM Stock Rally (Nasdaq: RIMM) On November 30, we told you not to get your hopes up for Research in Motion Ltd. (Nasdaq: RIMM). Today the stock opened 16% lower. Read More...
Is There Any Hope for Research in Motion (Nasdaq: RIMM) Stock?
Die hard BlackBerry fans are more worried than ever that Research in Motion (Nasdaq: RIMM) may soon meet its maker.
The recent declines in profit, sales and RIMM stock -- which has plummeted 51% in the past six months -- has sparked mounting anxieties that the end for Research in Motion is imminent.
Speaking to these fears, RIM's new Chief Executive Officer, Thorsten Heins, vowed yesterday (Tuesday) that he will lead a turnaround for the beleaguered company, starting with a successful 2013 launch of its next-generation BlackBerry 10 phones.
Like a preacher on a pulpit, Heins maintained in an address to besieged shareholders that he would convert RIM into a "lean, mean, hunting machine."
"I have assembled a leadership team for RIM that's truly capable of taking us into the future," Heins promised.
BlackBerry fanatics, who helped coin the catch phrase "CrackBerry" to refer to their "addiction" to the iconic mobile phones, are pleading for RIM to make it - but it may be too late.
"If RIM continues to be run as it is, we believe that the company will eventually fail," wrote Nomura analyst Stuart Jeffrey in a June note to clients.
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