Research in Motion Ltd. (Nasdaq:RIMM) is a compelling buy right now, says Horacio Marquez. The company dominates the corporate market with its Blackberry phone and has a “bulletproof” balance sheet. Horacio says the correction in RIMM’s share price should have run its course by now, meaning a big opportunity for profits in the coming year.

This from Money Morning:

Research in Motion Ltd. (Nasdaq:RIMM) - maker of the ubiquitous BlackBerry - is likely to consolidate and increase its market share.

Almost all of our “Buy, Sell or Hold” recommended stocks started out on the right foot here in the New Year.  And our strategy of building up a position gradually up to year-end - to avoid the downward pressure of tax-loss selling, and other volatility - seems to have worked. This has left some cash on the sidelines to take advantage of any sell-offs that are

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Dow Chemical, Kuwait deal collapses… Nasdaq dragged by large-cap tech companies… Oil rises above $38 per barrel on Middle East tensions…  Dow off 1.6 pct, S&P off 1.6 pct, Nasdaq off 2.3 pct

Wall Street stumbled on Monday after a joint venture between Kuwait and Dow Chemical fell through, threatening one of the larger merger deals of the year and adding to fears about a faltering global economy.

Dow shares tumbled to their lowest since 1991 after Kuwait decided to end a $17.4 billion petrochemical joint venture amid slumping petrochemical sales and the global financial crisis.

The news ignited worries that the largest U.S. chemical company would not be able to buy rival Rohm & Haas , which Dow agreed to acquire for about $15.3 billion in July. Rohm & Haas (ROH) shares fell as much as 25 percent.

These declines were also exacerbated

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Research in Motion's (RIMM) management provided an encouraging fourth quarter financial outlook as new high-end handsets are experiencing significant market traction. We expect the smart-phone device market to gain momentum should economic conditions improve and as demand for portable mobile access remains firm on a global market basis. In addition, the company has a healthy financial position with net cash of nearly $2.5 billion.

As a cautionary note, declining gross margins due to new product availability, a highly challenging economic environment, and increasing competition are issues to consider.

Based on our review, we maintain our Buy recommendation for RIMM for its strong market position witha reduced valuation target.

"RIMM" Free Stock Analysis: Buy? Sell? Hold?Zacks Investment Research

Palm Inc. (PALM) has agreed to sell to Elevation Partners 100,000 units of preferred stock and warrants (which can be separated and traded independently) for $100 million. Elevation Partners is already a major stockholder of PALM.Both the preferred and the warrants are convertible into common stock at $3.25 a share.PALM is number three in the smart phone business after Research in Motion's (RIMM) BlackBerry and Apple's (AAPL) iPhone and is rapidly losing market share as illustrated by the recent second quarter results. PALM is expected to introduce a new operating system and a new phone in 2009. In the second quarter PALM had negative cash flow. The company has $2.04 in cash per share (before the new infusion) but has $7.57 in debt. We do not expect the company to reverse its fortunes in the near term.

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We've made a couple of very good trades on Baidu.com (BIDU) since we've jumped back in the past month - despite a poor chart; similar charts in Apple and Research in Motion - none of these stocks are really acting well during this period of calm in the market. (Apple acting very poorly in fact, RIMM saved by an earnings report but still nothing to get excited about) I want to focus our energy on stocks that have used this type of calm in the market to regain key moving averages and cut out names that have not. Baidu.com is one of the latter - we sold most of it last week hoping that ...

Saturday December 20, 2008 Navivest

Allstate - (ALL) $31.86 +$1.92

Shares of the insurer were up as were other insurers, which were mostly up in the day, probably on the auto industry bailout that was announced by President Bush.

Apache – (APA) $74.57 +$4.76

Shares of oil and gas producer Apache were up after crude oil managed to eek out very modest gains on Friday.

Baker Hughes - (BHI) $29.99 +$1.74

Baker Hughes is a service provider to the oil and gas exploration industry and the shares were up in tandem with crude oil prices.

Darden Restaurants – (DRI) $28.55 +$4.57

Darden Restaurants, which among its holdings operates Olive Garden and Red Lobster, on Thursday, reported that its second quarter 2009 diluted net earnings per share from continuing operations were $0.42 cents, an increase of 40%, versus 30 cents in the prior year.

With analysts looking for just $0.31 per share, Wall Street must have been

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Research In Motion (RIMM) forecasts higher sales for the fiscal fourth quarter as the BlackBerry maker sees more demand for its new consumer-targeted phones in the holiday season.

Shares are up more than 9% today.

For the fourth quarter, RIM projects sales between $3.3 billion and $3.5 billion with earnings at 83 to 91 cents per share. Analysts have forecasted earnings of 84 cents.

RIMM's adjusted net income for the fiscal third quarter stood at 83 cents per share, which was better than the lowered consensus. Revenue climbed to $2.78 billion.

"RIMM" Free Stock Analysis: Buy? Sell? Hold?Zacks Investment Research

a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_7ZckZ-8naz0/SUG2SNw9ChI/AAAAAAAACPY/DdWvl8fGFRA/s1600-h/XLF.JPG"img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 400px; height: 155px;" src="http://1.bp.blogspot.com/_7ZckZ-8naz0/SUG2SNw9ChI/AAAAAAAACPY/DdWvl8fGFRA/s400/XLF.JPG" alt="" id="BLOGGER_PHOTO_ID_5278700662303820306" border="0" //aThe chart compares the Financial Sector SPDR (XLF) versus the Samp;P 500 going back to about the time XLF peaked.br /br /What prompted this post was noticing yesterday's more than 7% drop. At $11.90 it is up 37% from its low of $8.67. As you can see it is close to down 70% from its all time peak. That is in the same neighborhood as the tech sector decline at the start of the decade.br /br /That two sectors could implode like this in one decade is truly astonishing. Here we are all these years after the peak in tech and really the sector has not come anywhere close to recovering. Is the financial sector facing the same fate, years without making it back?br /br /I'm not ...

EDF Scooping Constellation; Research in Motion Posts Tough 3Q; Legg Mason’s Miller Calls Market Bottom; Cyber Monday Sales Strong; Crude Stocks Drop; New Zealand Fights Recession

The world’s biggest nuclear utility company, Electricité de France SA will offer as much as $6.5 billion for assets of Constellation Energy Group, Inc (CEG), source familiar with the matter told The Wall Street Journal. A previous offer by EDF was turned down, with Constellation opting for a $4.7 billion bid from Warren Buffett’s MidAmerican unit of Berkshire Hathaway Inc. (BRK.A,BRK.B). Research In Motion Ltd.’s (RIMM) third-quarter subscriptions and profit fell short of forecasts, as it simultaneously faces increased competition and recession in its largest market. Profit for the Blackberry maker rose no more than 83 cents a share in the quarter ended Nov. ...