If you haven't read Jocelynn Drake's rundown on Research in Motion Limited's earnings report this morning, follow this link. Aside from matching the consensus estimate for last quarter and beating revenue estimates, RIMM guided higher for the current quarter, topping analyst estimates. The stock is considerably higher in early trading, gapping more than 11.5% to tag a fresh all-time high above the $100 mark.
Over on BloggingStocks.com, Jim Cramer weighed in on RIMM's earnings report. According to Cramer, RIMM is one of The Four Horsemen.
The four horsemen -- Apple (AAPL), Google (GOOG) (price target raised by important Bear Stearns analyst this morning), Amazon (AMZN) and Research In Motion -- were the strongest growth stocks that led us through the mortgage madness this summer. They have continued to power through in the fall.
Cramer also states that RIMM simply must be stopped at $100 and turned back for the bears to regain control of this market. Given that the stock has easily left the century mark in the dust this morning, the bears are sorely out gunned (per Cramer's logic).