Five Stocks Traders Are Watching Today: Brocade Communications, Valeant, BlackBerry, and More

BlackBerry Ltd (NASDAQ:BBRY) is in the spotlight today after the tech company struck a deal with Ford Motor Company (NYSE:F) to provide software for Ford’s connected vehicles. Specifically, BlackBerry will expand the use of its QNX software in Ford cars and will assign a dedicated team to help Ford expand the use of the software.

“The future of the automobile is all about embedded intelligence. I believe our expertise in secure embedded software makes us the preferred technology provider to put the smart in the car,” BlackBerry CEO John Chen said.

Bulls hope BlackBerry’s deal with Ford will open the door for similar deals with other car giants, and thereby help BlackBerry grow faster. The deal is seen by some investors as another example of BlackBerry focusing more on the the potentially lucrative connected vehicle software market. The deal for Ford shows that the automaker is committed to successfully transitioning to the connected car future. According to our records, 20 funds we track were long BlackBerry Ltd (NASDAQ:BBRY) and 31 investors held shares of Ford Motor Company (NYSE:F) at the end of June.

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