BlackBerry’s New Player, AT&T’s Potential Partnership, and 3 More Hot Stocks
BlackBerry (NASDAQ:BBRY): BlackBerry has launched the Z30, a 5-inch upgraded edition of the Z10 in Malaysia, one of its strongest markets. In addition to the larger screen, the Z30 will also boast a bigger battery and a 1.7 gigahertz processor. Sales in the U.K. and the Middle East are set to go live next week, although BlackBerry didn’t provide details about pricing and U.S. availability.
AT&T (NYSE:T): AT&T is expected to announce an alliance with America Movil (NYSE:AMX) that would see expansion of AT&T’s service into 15 countries in Latin America, including Argentina, Chile, and Colombia. Until this development, AT&T had remained primarily focused on Mexico and Brazil. AT&T holds a 9 percent stake in America Movil, and chatter has suggested that the two telcos could pair up to tackle Europe, Seeking Alpha points out.
Toyota Motor Corp. (NYSE:TM): Toyota will be infusing roughly $181 million in investments to expand the production capacity at a plant in St. Petersburg, Russia. Toyota hopes to start manufacturing the RAV4 small SUV, Toyota’s top-selling model in Russia, at the plant in 2016. Despite six straight months of decreasing auto sales in Europe, Toyota has seen sales of the RAV4 rise by 43 percent to 27,000 vehicles in the eight months ending in August.
JPMorgan Chase & Co. (NYSE:JPM): CEO and chairman Jamie Dimon probably has quite a to-do list, but “simplifying” JPMogan is apparently near the top. Dimon, in a memo to staff, said that the divesting of non-core units a “key initiative,” one that is consistent with industry trends. Dimon added that JPMorgan is “proactively” trying to reduce the number of vendors it deals with and instead is bringing the work in-house, essentially cutting down the degree of outsourcing that JPMorgan is at now.