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.
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.
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.
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.
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)
(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%.
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.
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.
Your Watchlist
Add stocks to watchlist to monitor them daily and get important alerts.