Stocks to Watch: RIM, Constellation Brands, Nike (Update 1)

By TechCrunch: By Chris Velazco

Andrew Wilkinson submits: Research in Motion Limited (RIMM) – Optimistic options players populated the Blackberry maker’s August contract, selling puts and buying calls to prepare for the price of the underlying stock to continue climbing ahead of expiration day next month.

There are more than 1,600 business in North America testing RIM's new BlackBerry phone, which is due to launch in a few weeks, reports Reuters, citing RIM's enterprise accounts director.

Everything about the revamped BlackBerry was new, and shiny and bristling with a crossed-fingers kind of optimism. One of the greatest turnarounds in Canadian corporate history rests on a new product, a new name and a new direction as a niche player. Research In Motion Ltd. began its march to redemption by unveiling two state-of-the-art, next-generation smartphones Wednesday, one excruciatingly long — and costly — year behind schedule.

Trefis submits: Research in Motion (NASDAQ:RIMM) might have stopped production of its 10 inch PlayBook 2 tablet in favor of the QNX-powered BlackBerry “super-phone,” according to some recent reports.