A Very Merry BlackBerry

Is BlackBerry worth the hassle?

By Darryl Weng

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We got some great news everybody! With inflation on the rise, Mr. Powell, the chair of the FED, decided to delay rate hikes. According to Powell, rate hikes will likely be delayed further than 2023. Even if we were not to take his word, we should expect a long time period before interest rates start racking up. So...buckle up everybody because it's to dump money back into the market! Despite the previous days of a waning market, it seems as though investors have regained confidence and pushed to normalize the markets once again. How then, you ask, is it a boon for BlackBerry's stock? Allow me to elaborate. Ahem!

With the market beginning to normalize once again, investors are pouring in. Given BlackBerry's popularity, due to its prominence as a meme stock, investors are more inclined to invest in stocks like BlackBerry. When I refer to investors, I am referring to a large group of investors who avoid much of the mindset of traditional investors. This "large group of investors" is commonly referred to as speculators, rather than investors. Interestingly enough, the number of speculators are growing at an alarming rate. This means that popularity between meme stocks are skyrocketing as well. Long story short, BlackBerry's stock is quite popular and quite the opposite of dead.

But then why not buy stocks of AMC Entertainment, GameStop, or even Workhorse? Well...the answer is very simple.

For Workhorse's case, it's simply in the world of uncertainty. No one knows for certain if Workhorse is going to end up as a meme stock.

For GameStop's case, it's a waiting game at this point. In more simpler terms, it's how long you are willing to devote your time for GameStop's stock to reach the hundreds, so that the risk of losing money isn't at a 50% coin flip chance.

And lastly, for AMC Entertainment's case, I have already provided a discouraging speculation below the Weekly Speculations column.

Perhaps you may be thinking that BlackBerry is your only choice now. But I say it's your only and best choice.

Besides BlackBerry making its successful debut as a meme stock, BlackBerry has already landed a major success in the new industry. Thankfully, BlackBerry left the hopeless industry of smartphones into the new world of Cybersecurity and software. With just the recent announcement on June 21st, BlackBerry reported that their QNX software was being deployed in over 195 million vehicles, from Toyota to BMW. More importantly, BlackBerry is following the car market, with its EV sub-market already booming. In addition, cybersecurity itself is an industry worth hundreds of billions of dollars, expecting to grow at a compound rate of 10% from 2020-2027. BlackBerry managed to tie its interest in the car market with its new cybersecurity plans by making a deal with Amazon web services. Now that's pretty grand, considering Amazon took interest in a company like BlackBerry.

As fore mentioned, BlackBerry is moving to industries that are bound to grow at increasing rates and already making several successes in those industries. This leads to the announcement BlackBerry made that it would report earnings on June 24th this year. Given its recent successes, there is a high chance that BlackBerry's stock will increase by a large percentage once the earnings are reported.

And it probably won't stop there. So buckle in everybody!

And get ready for a long and blissful ride...before Powell hikes interest rates like a madman.