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Two Ways To Play: Samsung, Nokia Lead Mobile Charge


Strengthen your portfolio in good times and bad.

Durable Goods Orders Drop

Orders for goods meant to last several years came out better than expected. The Commerce Department reported a decline of -0.5% vs. expectations of a drop of -1.5%. But excluding transportation, orders jumped 2.5% vs. estimates of -0.5%. According to Bloomberg, it was the biggest jump in the measurement in nine months as offshore demand for machinery and electrical equipment keep the manufacturing sector from faltering. For economic context, see yesterday's Five Things You Need To Know: Whom To Believe: Recession by the Numbers, or by the Pain? by Professor Kevin Depew.

From the Bull Pen: Those bullish might see upside plays in companies like Caterpillar (CAT). Near-term sell-stops can be set below $80.

From the Bear Cave: Bears might consider the downside in a play like Boeing (BA) as it approaches its 200 DMA ($88).

Mobile Phone Sales Steady

According to Bloomberg handset sales around the world continued to increased in the last quarter. Connecticut-based research firm Gartner said the global market for mobile phones rose 14% from last year to 295 mln units due in part to continued strength in the emerging markets. Gartner expects global sales to continue to rise 10-15% this year. Leading the list of top mobile phone makers were Nokia (NOK) and Samsung as they continued to take away market share from Motorola (MOT). See related article, Professor Geoffrey Helt's Redesigning Apple From Inside Out.

From the Bull Pen: Bulls continue to like Apple (AAPL) and see this company taking more market share in this space. Near term sell-stops can be set below $180.

From the Bear Cave: Although Nokia is the market leader, bears see the downtrend from last winter and can fade the stock into $30 resistance.

For more ideas in real time throughout the trading day, check out Minyanville's Buzz & Banter.

Quick Check Around the World

Asian trading closed with the Hang Seng -0.13%, Nikkei -1.32%, Sensex +1.53%, Taiwan -1.28% and Shanghai +2.48%.

A glance across the pond finds the CAC +1.49%, DAX +1.08%, FTSE +0.36%

A Look At Commodities

Commodities are lower. Crude oil is down -2.39 to 126.46. Gold is down -15.70 to 892.40. Silver is lower -0.816 to 17.425, and copper is off -7.10 to 367.00.

The dollar index is higher +0.335 to 72.675.

On the Radar

MBA Mortgage Applications: -4.6% vs. -7.8% prior.
Durable Goods Orders: -0.5% vs. -1.5%.
Durable Goods ex trans: 2.5% vs. -0.5%.

Click here for the full trading radar.

Good luck!
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No positions in stocks mentioned.

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