BlackBerry’s six-month stock rally, fueled by speculation that a new smartphone lineup can turn its fortunes around, has created the largest gap between investor optimism and analyst skepticism of any major company in Canada.
U.S. stocks gained this week, pushing the Dow Jones Industrial Average to its first close above 12,000 since June 2008, as corporate earnings, an expansion of American and Chinese manufacturing and an unexpected decrease in the unemployment rate overshadowed unrest in Egypt.
Investors should buy Cisco Systems Inc. options to take advantage of potential gains when the largest provider of computer networking gear reports second- quarter earnings next week, Goldman Sachs Group Inc. said.
Computer and software shares have slumped to the lowest valuations in two decades, a sign to Barclays Wealth and UBS AG they will rebound as Standard & Poor’s 500 Index companies start spending their record cash.
BlackBerry maker Research In Motion Ltd. ’s stock has become twice as volatile as rivals’ around earnings announcements as investors look for evidence the company will keep pace with Apple Inc. and Google Inc.
Cisco Systems Inc. option traders are placing the most bullish bets in almost a year, after the largest provider of networking equipment plunged this month for the fourth consecutive time following an earnings report.