BlackBerry Tumbles on Residuals from Friday News and 2 Other Hot Stocks to Watch

BlackBerry Ltd. (NASDAQ:BBRY): Current price $8.25

Shares are down some 5 percent Monday – extending losses from Friday — when the smartphone company announced that it will slash its workforce by around 4,500 employees as part of its endeavor to cut operating expenses by 50 percent by the end of the 2015 fiscal year. BlackBerry also projects second-quarter revenue of roughly $1.6 billion, sharply below the $3.04 billion expected by analysts.