This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Top 6 Earnings Releases to Watch Next Week

RIMM Chart RIMM data by YCharts

Research In Motion (RIMM)

Background: Research In Motion is a world leader in the mobile communications market and has a history of developing breakthrough wireless solutions. RIM trades an average of 17.6 million shares per day with a market cap of $3.8 billion. It reports second-quarter earnings Thursday.l

52-Week Range: $6.33 - $24.74

Book Value: $18.61

RIM investors have been beaten up so badly the last four years they may qualify for handicap parking. RIM is a classic example of what happens when investors believe really smart CEOs are actually smarter than they are. Having the skill set of taking a technology company from zero to the world stage is a different skill set than running a large tech company. (Hello, Facebook (FB) investors.)

Investors aren't expecting an improvement in RIM earnings. Analysts forecast per share results below last year in the same quarter. The earnings release is planned after the market closes on Thursday. The consensus estimate is a loss of 46 cents a share, falling $1.26 from a gain of 80 cents during the same period in the previous year.

Last quarter RIMM's earnings release was held on June 28, and the previous closing price was $9.13. Relative to a current price of $6.91, shares are down 24.3%.

Technically, the monthly chart is oversold, and I am expecting a bounce higher. The weekly chart is slightly oversold, as is the daily. I would not want to remain short into earnings. Earnings may not turn into the catalyst for the bounce, but it certainly could turn into one.

The short interest is anything, but short. The current float short is 18.7%.

5 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
DFS $56.35 -0.77%
LEN $51.81 0.62%
MU $27.13 1.69%
RHT $75.75 -1.23%
WAG $81.65 2.05%

Markets

DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs