Nokia Oyj $ 5.1 0.04 (0.79%)
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The guru got his start at Sanford C. Bernstein before managing global equity investments at David Tepper (Trades, Portfolio)’s Appaloosa Management. He later founded his Summit, New Jersey-based hedge fund in 2001 with $12 million from Tepper. In March 2019, he converted Pennant into a family office after several years of unsatisfactory returns.
Following a wide range of strategies, which include buy and hold, long-short, growth and hedging, Fournier established positions in
After many quarters of slowdown, Nokia (NOK) showed its first glimpse of a turnaround. The company is in the process of a big transformation after the replacement of CEO Rajeev Suri and a 5G-focused growth strategy.
The company’s stock crashed in 2019 after weakened guidance and no dividend payouts, causing yield investors to divest the stock. The Covid-19 pandemic and its impact on global markets have made it go down further, and as of March 6, the company trades at low valuations. In my opinion, it seems to have bottomed out. With all the low investor expectations factored into Nokia’s
After delivering a decent quarterly performance and finishing 2019 on a positive note, Telefonaktiebolaget L M Ericsson (ERIC) has been the subject of merger and acquisition-related speculation. The company is leading the 5G rollouts in Europe and North America, with the political scrutiny faced by rival Huawei acting in its favor.
There appears to be a possibility of a potential merger with Scandinavian peer Nokia Oyj (NOK) or even a chance of Ericsson being acquired by an American mega-cap like Cisco Systems Inc. (CSCO), Dell Technologies Inc. (DELL) or Microsoft Corp. (MSFT) given that the U.S. government might consider countering
Southeastern Asset Management recently disclosed its portfolio updates for the third quarter of 2019.
Founded by Mason Hawkins (Trades, Portfolio) in 1975, the Memphis, Tennessee-based firm manages the Longleaf Partners Funds. The firm employs a fundamental, bottom-up appraisal process based on in-house research in order to select a concentrated portfolio of quality investments that have strong balance sheets, good management teams and attractive valuations.
The firm established new positions in Williams Companies Inc. (WMB), Trip.com Group Ltd. (TCOM), Nokia Oyj (NOK) and WideOpenWest Inc. (WOW) during the quarter.
The firm’s biggest new buy for the
Investors who are interested in enhancing their possibilities to unearth high-quality companies may find value in screening for stocks whose market capitalization exceeds $10 billion, but that still trade at not more than 1.5 times the book value.
The following securities have also received positive recommendation ratings from sell-side analysts on Wall Street.
Petroleo Brasileiro SA Petrobras
The first company to consider is Petroleo Brasileiro SA Petrobras (PBR). Shares of the Brazilian petroleum corporation closed at $15.94 on Tuesday for a market capitalization of $103.96 billion.
The price-book ratio of 1.38 is above the industry median of 0.96, ranking higher
This article is Part 11 of an 11-part series analysis of Tesla, Elon Musk and EV Revolution. You can read other parts here.
Throughout my analysis, I have compared the Model 3 to the iPhone, Tesla (TSLA) to Apple (AAPL), and Elon Musk to Steve Jobs. What I am struggling with is this: Can Tesla become as successful as Apple, and can Tesla cars turn into an iPhone-like franchise, taking EV market share from nothing to 10% to 30% of the ICE car market?
Tesla has many advantages. It is not burdened by assets from the previous domain (gasoline
Occidental Petroleum Corp. (OXY), Expedia Group Inc. (EXPE), Nokia Oyj (NOK) and Diamondback Energy Inc. (FANG) have declined to their three-year lows.
Occidental Petroleum declined to $40.10
The price of Occidental Petroleum shares declined to $40.10 on Nov. 8, which is only 4.5% above the three-year low of $38.30.
Occidental is an international oil and gas exploration and production company. The company has operations in the U.S., the Middle East and Latin America and is engaged in petrochemical manufacturing in the U.S., Canada, and Chile. The company was the ninth-largest petroleum producer in Texas in 2018.
Occidental Petroleum has a
Many financial journalists, technology aficionados, securities analysts and investors have an unwavering belief that the 5G wireless standard is going to revolutionize manufacturing, improve health care and speed up the development of autonomous vehicles. The claims of some 5G evangelists are starting to resemble those who claimed in the dot-com era that the internet was going to displace and upend many 20th century processes and traditional media and communications protocols.
Investors should be circumspect before getting on the 5G bandwagon. That is not to say there won’t be opportunities with select companies, but only that the forecasted earnings potential for
Gilead Sciences Inc. (GILD), Nokia Oyj (NOK), Viacom Inc. (VIA) and Nielsen Holdings PLC (NLSN) have declined to their three-year lows.
Gilead Sciences declined to $63.32
The price of Gilead Sciences shares declined to $63.32 on Oct. 25, which is only 4.7% above the three-year low of $60.32.
Gilead Sciences is an American international pharmaceutical and biotechnology company that develops and commercializes therapeutics. The company focuses primarily on antiviral drugs used in the treatment of HIV, hepatitis B, hepatitis C and influenza. Some of the products that the company developed include AmBisome, Atripla, Cayston, Emtriva and Flolan.
The company has
While gurus hold positions in these companies, the share prices and returns continue to fall. The following are the worst-performing stocks over the past six months with a long-term presence in more than five gurus' portfolios.
Shares of Nokia Oyj (NOK) declined 8.09% over the last six months. The stock is held by 10 gurus.
The telecommunication equipment provider has a $27.64 billion market cap. The stock is trading with a forward price-earnings ratio of 20.12. The share price of $4.99 is 24.96% below the 52-week high and 5.94% above the 52-week low.
In terms of a higher dividend yield, the following stocks are thrashing the S&P 500 index, which had a dividend yield of 2.02% at market close on June 7.
In addition, Wall Street issued a recommendation rating of overweight for all of them, which means that the stocks are predicted to outperform the overall market within 12 months. Also, while the S&P 500 index, which is considered as benchmark for the overall U.S. stock market, is forecasted to fall 9.1% over the same period, the price target for the following securities translates to at least 11.5% upside from
Goldman Sachs analyst Rod Hall recently raised Lumentum (LITE) – the manufacturer of optical components for networking and 3D sensing for smartphones – from hold to buy, citing 3D sensing demand. "We note that Lumentum's 3D sensing business is robust and gaining pace and the Lasers business is seeing strong demand," wrote Hall.
Hall said that the Street is underestimating the iPhone and iPad-related 3D sensing opportunity; Lumentum is a key supplier of 3-D sensing components for Apple (AAPL). It is worth mentioning that Lumentum generated 25% of its revenue from sales to Apple during the
In the aftermath of ZTE Corp.’s violation of U.S export laws, the U.S. commerce department has barred the American suppliers from providing components to ZTE for seven years.
ZTE Corp. (SZSE:000063) violated the U.S. export laws last year by providing technology equipment to Iran, which is under trade sanctions from the U.S. ZTE is expected to pay a total of $1.2 billion in fines. Note that ZTE is the second largest telecom equipment provider to China.
U.S.-based companies provide around 30% of the components used by ZTE in networking equipment and smartphones. Several big names are among the affected,
The stock price of Mobile TeleSystems PJSC (MBT), Russia’s largest telecommunications company, has been relatively low over the past couple of years compared to its historical average of the last 10 to 15 years.
Mobile TeleSystems provides telecommunication services in Russia, Ukraine, Turkmenistan and Armenia. It also has subsidiary operations in parts of Western Europe, including the U.K. The company operates through three primary business verticals, which include Russia Convergent, Moscow Fixed Line and Ukraine. Its core business services include voice and data transmission, internet access and pay TV. It also offers various value-added services through wireless and fixed lines,
Palo Alto Networks Inc. (PANW) disappointed investors in 2016 as the stock was down nearly 29%. Although the stock was off to a good start heading into 2017, it sank over 20% in a single day following weaker-than-expected second-quarter results and weak guidance. The stock, however, has successfully managed to find its way into the green as it is up almost 13% year to date.
Palo Alto reported robust third-quarter results on May 31. For the third quarter, the company posted earnings per share of 61 cents, surpassing the analysts' estimates by six cents. Revenue came in at $431.80 million,
John Rogers (Trades, Portfolio) is the founder of Ariel Investment LLC, which he started in 1983. He manages a portfolio composed of 188 stocks with a total value of $8.505 billion. During the first quarter the guru bought shares in the following stocks:
Cardinal Health Inc. (CAH)’s stake was boosted by 1,944.54% with an impact of 0.68% on the portfolio.
It is a health care services company that provides health care services and products for hospital systems, pharmacies, ambulatory surgery centers, clinical laboratories and physician offices. Its segments are pharmaceutical and
In August 2000, Fortune ran an article titled “10 Stocks to Last the Decade.” The author’s intention was clear, as captured in a short description preceding the article: “A few major trends will likely shape the next 10 years. Here's a buy-and-forget portfolio to capitalize on them.”
Well, we have more than 15 years behind us. Let’s look back and see how the picks held up over time. Let’s also see if we can spot any trends that should have caught the reader’s eye.
Before we jump in, a quick discussion of the methodology used seems appropriate:
Intel Corp. (INTC) announced on Tuesday it is acquiring a 15% stake in privately held Here International BV for an undisclosed amount.
Here is a global provider of digital maps and location-based services located in the Netherlands. Intel is purchasing the ownership stake from the company’s current indirect shareholders, Volkswagen’s (XTER:VOW) Audi AG, BMW AG (BUD:BMW) and Daimler AG (XTER:DAI).
The two companies are planning to collaborate on technology for autonomous vehicles and Internet of Things. Specifically, they will be developing highly scalable proof-of-concept architecture that supports real-time updates of traffic and road conditions for fully automated vehicles.
The last couple of years have not been the easiest time for the rigorous value investor. Most of the biggest markets are more or less fully priced after several years of soaring prices. Bargain stocks are difficult to find but not impossible.
“If you complain that you cannot find bargain opportunities, then that means you either haven’t looked hard enough or you haven’t read broadly enough,” said Irving Kahn many years ago.
I have picked up some candidates to consider from different markets and from different areas of value investing. If Santa Claus would bring in his gift bag of
The investor raised his position in Berkshire Hathaway Inc. Class B (BRK.B) by 151.06% with an impact of 0.44% on the portfolio.
It is a conglomerate holding company owning subsidiaries engaged in a number of business activities including property and casualty insurance and reinsurance, utilities and energy, finance, manufacturing, service and retailing.
GuruFocus gives the stock a profitability and growth rating of 7 out