Today most of the smartphones shares are up after Morgan Stanley initiated the top three companies with an “overweight” rating”, stating that it expects smartphones will see a 37% compound annual growth rate through 2013, driving significant share shifts and robust earnings growth.
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Research In Motion Limited (USA) (NASDAQ:RIMM) jumped 1.24% to $66.72 on high volume.
Palm, Inc. (NASDAQ:PALM) is the top mover and soared 3.80% to $10.71 and QUALCOMM, Inc. (NASDAQ:QCOM) rose 1.47% to $47.63.
Shares of Motorola, Inc. (NYSE:MOT) also jumped 0.77% to $8.03 despite the firm said Motorola has limited upside as its handsets achieve margins of 4% to 7% at best.
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