2 Winning Tech Stocks to Watch Thursday Morning
After a brief pause, the stock market appeared ready to move back into bull mode on Thursday morning. stock index futures moved higher by about a third of a percent as investors took new economic data into account in their more optimistic views for the economy and the broader market.
Two stocks with ties to technology were on the rise early Thursday. BlackBerry (NYSE: BB) has been around since the birth of the smartphone, and its latest financial report suggested that its current business model might finally be bearing fruit. Meanwhile, air taxi pioneer Joby Aviation (NYSE: JOBY) was in the news for the second straight day, this time having gotten outside interest in its cutting-edge mobility technology.
Shares of BlackBerry were 8% higher in premarket trading on Thursday morning. Late Wednesday afternoon, the company released its fiscal first-quarter financial report for the period ended May 31, and investors responded with new enthusiasm about the provider of intelligent security software and related services.
Source Fool.com
BlackBerry Ltd. Stock
With 1 Sell predictions and 1 Buy predictions the community sentiment towards the BlackBerry Ltd. stock is not clear.
A target price of 1 € results in a potential of -52.9% which would mean heavy losses compared to the current price of 2.12 € for BlackBerry Ltd..
