BlackBerry Ltd T.BB

RE:US auto sales down 8% in 2022

[Jubatus22]

Yasch22 wrote: Sales are also lower than they were in 2020, when the world's economy was knocked flat by Covid.
https://www.carscoops.com/2022/12/2022-expected-to-be-the-worst-year-for-u-s-auto-sales-in-over-a-decade/

It's also a fact that overall sales have been in decline since the end of 2017. In my view, they'll pick up again once we're out of this giant stew caused mainly by Putin's incredibly stupid and life-wasting invasion of Ukraine and secondarily by the failure of the west's monetary agencies to recognize the dangers of their money supply policies leading to inflation. Of course, a big part of inflation almost always begins with increases in the price of energy, and we mainly go back to Putin on that one.

BB's share price will continue to feel a bit of a drag from several sources:
(a) Reduction in capex by companies tightening their belts in the face of recession.
(b) Reduction in product sales, affecting especially the IoT division.
(c) General skittishness in the markets. Investors sell off in a downturn, trying to protect their cash.

Still, I'm intrigued as to why certain companies -- like BB -- were significantly green in yesterday's action, while a lot of other good companies on my watchlist were down anywhere from 3% to 15%.

Qnx is mostly in car so expect the worst.