I have hated Research In Motion's stock almost as long as I have liked Apple's stock. I think this black eye for Apple is temporary. However, I have been worried ever since Steve Jobs died that the company would compromise on what it gives users. Jobs hated Google, so I can understand the desire to supplant it with a better map application. But Jobs never liked to sell a device before its time, and this one is, by Cook's own admission, not ready for its millions of Maps users.
Still, I think that the stock remains investable, but there is no hurry to buy because it lacks catalysts other than this negative one, which could clearly turn off buyers who are on the fence.
Research In Motion, on the other hand, may not have the BlackBerry 10 in hand, but it sure has the cash on hand, and I am convinced after last night's quarterly report that this stock has become a better long than a short. Now that the bleeding has stopped, Research In Motion might catch a bid for just its intellectual property, including a great keyboard and its 80-million-strong subscriber list alone. I would not normally recommend any stock on a takeover basis, but I think many bidders are hoping Research In Motion goes the way of Kodak or Nortel and could be bought on the cheap. This quarter put that scenario to rest; therefore, it put the short story to rest, too.
Action Alerts PLUS, which Cramer co-manages as a charitable trust, is long AAPL.
What China's Stimulus Means for U.S. Markets Posted at 1:44 p.m. EDT on Thursday, Sept. 27 We keep hearing that stocks have advanced and seeing the headline "Stocks Advance Because of the Hope for Chinese Stimulus." This headline is a recurring excuse for any advance, particularly a commodity-led one, so perhaps it is worth parsing where we are with Chinese stimulus and what it means for our markets. First, we always get excited about Chinese stimulus when we see the Chinese stock market rally like it did last night, with a better than 2.5% gain for the most closely followed Chinese stock index. That makes sense when you consider that the European stock indices all turned ahead of when the rich countries agreed, preliminarily at least, to help the poor ones.
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