The Research in Motion headquarters in Waterloo, Ontario. / Geoff Robins, AFP/Getty Images
It's a huge day for the makers of BlackBerry, and Facebook takes its turn to share earnings. Here's a look at the stocks to watch Wednesday.
RIM unveils BlackBerry 10. Shares of Research in Motion opened above $16 as it prepares to reveal its new line of smartphones running BlackBerry 10. The operating system boasts a revamped app store more in line with competitors such as Apple's iTunes and Google Play, a sharper interface with emphasis on touchscreens and faster Web browser.
Stakes are high for RIM, as they attempt a comeback in a smartphone market dominated by Apple, Google and Samsung.
The last few months have been very kind to RIM stock, which has nearly tripled in value since hitting a six-month low of $6.30 on September 24.
Facebook's turn to share. The social network reveals earnings for the fourth quarter and 2012 after the markets close Wednesday. All eyes will likely be on Facebook's mobile prospects, as they try to shore up one of the company's weaker areas.
Shares in Facebook are approaching $31 at the open. The company is fresh off unveils Graph Search, a new way for users to search for friends or pages based on a variety of topics.
Also announcing earnings today: video game publisher Electronic Arts breaks down its third fiscal quarter. Investors should learn how happy EA's holidays wrapped, as they released big titles such as Need For Speed: Most Wanted and Medal of Honor: Warfighter.
Amazon, Netflix moving up.Despite a plunge in profit and dip in sales, online retailer Amazon is enjoying a surge in its stock price. Shares are up nearly 9% at $283.15. Amazon says the reason for its sinking profit is continued investment in its hardware business, which includes its line of Kindle tablets and e-readers.
Meanwhile, is it possible Netflix could reach $200? Their stock continues its upward climb, rising another 3% to $174. Since January 23, Netflix shares have added nearly $70 in value.
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