Stockchase Opinions

Pat Naccarato Nokia NOK-N DON'T BUY Sep 10, 2008

Not a fan of this. A commodity product. Ups and downs are very violent. Too much competition. Would rather own Intel (INTC-Q), which is the dominant franchise.
$20.050

Stock price when the opinion was issued

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BUY
They're making a comeback. Perhaps part of this is due to the crackdown by the Chinese government against NOK's competitors, but at $5.80 this is a buy.
BUY ON WEAKNESS
Almost always at the top of the volatility names. An important name in Europe. Coming off the long term range from last year. Probably some more upside but not a lot. A range trader.
BUY ON WEAKNESS
He is warming up to this for the first time since 1998. They're doing things right and he's waiting for the price to fall further.
WATCH
It's improving, no longer in critical care, and now recuperating.
DON'T BUY
Will 5G lift this stock? It was THE phone story before Androids. Phone own Nokias now. It's challenged as a pure-play phone company. Perhaps they should get out of phones. 5G is interesting for NOK; you can make a business case that they have upside ahead, given shifting competition around the globe. Overall, though, he'd stay away from Nokia.
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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly With a strategy of expanding its 5G equipment rollout into such markets as China and Taiwan, we reiterate NOK as a TOP PICK. Although its feature phones are ranked 3rd in global sales (and doing great in developing markets globally), we like their 5G strategy. Trading at 15x next year's earnings, it is good value here. We recommend trailing up the stop (from $4.75) to $5.00, looking to achieve $7.50 -- upside potential over 25%. Yield 0% (Analysts’ price target is $7.41)
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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Dec 14/21, Down 15.8%)Stockchase Research Editor: Michael O’Reilly Our PAST TOP PICK with NOK has triggered its $5 stop. To remain disciplined, we recommend covering the position at this time. When combined with the previous buy recommendation, this will result in a net investment loss of 14%.
DON'T BUY
It is more of an infrastructure company now. 5G has not grown as fast as anticipated. There are better places to invest 5G money such as Qualcom and maybe even Apple.
DON'T BUY

They have fallen behind all peers. Avoid.

PARTIAL BUY

It is in a good formation with a rounded bottom and he likes it. It is in a mini uptrend after forming a base at the end of a downtrend. It is trying to break out of the last point of resistance. It is OK for legging in.