Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Two Ways To Play: Nokia Has High Hopes for 2010

By

Strengthen your portfolio in good times and bad.

PrintPRINT
Nokia looking forward to 2010

Good news for the mobile phone industry. Nokia (NOK) expects a rise in handset-industry volumes to the tune of 10% in 2010 from 2009.

In a story by the Wall Street Journal, the company said the overall mobile-devices market is stabilizing and it's growing in areas where Nokia has competitive advantages.

Nokia, the world's largest maker of mobile phones, said it will increase revenues by concentrating on stabilizing its average selling price.

Last October, the company said its average selling price was $94, stable quarter on quarter but still down from around $109 the year before.

For more on Nokia, see Three Questions Nokia Must Answer on Captial Markets Day.

From the Bull Pen: Bulls can consider Nokia, but also Motorola (MOT), which was mentioned by Professor Sean Udall on our Buzz & Banter earlier this week. As for Motorola, a short term sell stop can be set below $7.80.

From the Bear Cave: Bears can look to Palm (PALM). A rise back to $12.50 (resistance and its overhead 200 DMA) could be an opportunity for a downside play. If and when.

For more ways to play and other trading ideas from over 30 top market pros, take a free trial to our Buzz & Banter.

A Quick Check around the World

Asian trading closed with the Nikkei 0.38%, India -0.16%, Hang Seng 0.80%, Shanghai 1.06%, and Taiwan 0.37%.

Across the pond, we see the FTSE -0.49%, CAC -0.11%, DAX -0.30%

As of 8:30 AM EST, S&P Futures are trading -0.75 to 1108.00. Nasdaq futures are -2.750 to 1789.00.

A Look at Commodities

Over in commodities, crude oil is -0.40 to 77.97 while gold is +12.00 to 1212.20 this morning. Silver is +5.50 to 1923.5 and copper +0.100 to 320.45.

The dollar Index is +0.0600 to 74.4750.

On the Radar

Economics

November ADP Employment Change -169K vs -150K consensus
October ADP revised to -195K from -203K

10:30 Crude Inventories
02:00 Fed Beige Book

Click here for the full trading radar.

Good luck today!
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE