Research In Motion (RIM), Precision Drilling, The Fed and more

A few interesting stats have come out today.  Research in Motion’s subscriber base has been growing nicely but their bread and butter, the corporate market, has been slowing. We shall see where their earnings and subscriber growth rates are after the close today. What are your thoughts on the battle between Blackberry and Apple’s IPhone? RIM is launching its next generation the Blackberry Bold later in the year to compete with Apple.

 Precision Drilling is raising its accretive offer on Grey Wolf to $10.00. This is the third offer in the last couple of weeks making the fight somewhat more interesting.

The Fed makes a decision later in the day on interest rates.  There is pretty well 100% consensus that rates will stay the same. The Fed’s language will be watched dramatically to determine how quickly rates will rise and hence the overall direction of the stock market mid term.

Continuing on the stats front, the media likes to focus on the negative but all is not negative in the numbers on housing in the US. Year over year pricing showed a 15+% decrease in, however, in April, 8 of the 20 housing markets showed an increase in prices. I am sure the Fed has taken this into account.

Do you think the US has turned the corner in housing and if not, how much longer will the US consumer feel the pain?

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One Response

  1. I feelThe United States is deep in its worst housing slump since the Great Depression, and according to a new report, it’s not going to get better any time soon.
    And those are my thoughts.
    Kimberly

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