The following video is from Monday's MarketFoolery podcast, in which host Chris Hill, along with analysts Jason Moser and Joe Magyer, discuss the top business and investing stories.
In this segment, the guys discuss the Canadian Imperial Bank of Commerce's (CIBC) surprising upgrade of Research In Motion (NASDAQ: RIMM), Canadian smartphone makers of the BlackBerry, to the status of "outperformer," stating that it believes the stock is materially undervalued. We hear Chris, Jason, and Joe give their opinions as to what the investment thesis could be that CIBC is considering to come out with such a surprising shift in position.
Chris Hill and Jason Moser have no positions in the stocks mentioned above. Joe Magyer owns shares of Google. The Motley Fool owns shares of Apple and Google. Motley Fool newsletter services recommend Apple and Google. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.