Trefis Morning Coffee – RIM, American Express & Goldman Sachs

By Trefis Team,

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This morning we feature Research in Motion (NASDAQ:RIMM) which has been immense scrutiny following its disappointing earnings last week. We have updated our estimates, which appear very optimistic based on the current market price. Underlying our forecast are the assumptions that management can get expenses under control and sales will recover after the new Blackberry 7 is released. For our forecast of the day, we look at US credit cards in circulation for American Express ( AXP ). In an attempt to attract debit card users to its payment network, American Express recently announced a new prepaid card for users. We also test readers' knowledge on Goldman Sachs (NYSE:GS) equity trading business.

Research in Motion - Company of the Day

Research in Motion (NASDAQ:RIMM) announced its fiscal year Q1 2012 earnings, in which it provided weak revenue outlook for Q2 due to delays in new product introductions. The results for Q1 were also well below the previous guidance provided by RIM, which is causing investor confidence in the stock to collapse. The company now expects the revenue range for Q2 to be between $4.2-4.8 billion while it posted $4.9 billion in revenues for Q1. The delay in the new Blackberry 7 also means that RIM misses the back to school period and will face continued competitive pressures from Apple's ( AAPL ) iOS, Google's (NASDAQ:GOOG) Android and now Microsoft's (NASDAQ:MSFT) Windows Phone 7 operating system platform.

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American Express - Forecast of the Day

In an attempt to attract debit card users to its payment network, American Express recently announced a new prepaid card that offers users the convenience of an American Express card without needing additional credit approval. Credit card transactions in the US grew by slightly less than 4% to reach $1.96 trillion in 2010, whereas debit card transactions grew by almost 14% to cross $1.8 trillion over the same period.

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Goldman Sachs - Quiz of the Day

What percent of Goldman Sachs' stock value comes from equity trading?

  1. 35%
  2. 17%
  3. 27%
  4. 45%


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks , US Markets
Referenced Stocks: AAPL , AXP

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