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Two Ways To Play: Nokia Has High Hopes for 2010


Strengthen your portfolio in good times and bad.

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


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!
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No positions in stocks mentioned.

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