Tuesday morning, Veteran investor Laszlo Birinyi went CNBC to present his stocks picks for 2012
and Research In Motion Ltd (RIMM) made his short list of 5 stocks to rise in 2012. After being met with intrigue as to why he chose RIMM, Birinyi explains that the "brand" and "the fans," along with a potential for innovation point RIM's stock to go up. He goes on to explain how back in 1997, his first stock pick for 1998 was a $7 stock called Apple.
After his picks were made public, Research In Motion's stock went up as much as 8.4% during the day and closed out 5.4% up.
- Share with us with your thoughts about Birinyi picking RIM for 2012 in the forums.