|Bid||7.12 x 4000|
|Ask||0.00 x 1100|
|Day's Range||7.45 - 7.63|
|52 Week Range||6.57 - 12.00|
|Beta (3Y Monthly)||1.67|
|PE Ratio (TTM)||50.13|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
There's a simple bull case for Nokia (NYSE:NOK) stock at the moment. 5G rollouts worldwide should drive demand growth for Nokia products. The company itself is projecting sharp earnings growth in 2020. And NOK stock is cheap, at 11.7x the midpoint of 2020 EPS guidance.Source: RistoH / Shutterstock.com That said, there's also a simple bear case for Nokia stock: we've been here before. NOK stock seemingly has been a turnaround play for most of this decade - and had similarly impressive near-term catalysts along the way.None of those catalysts have reversed the trend. NOK stock is down 40% over the past five years, and has lost two-thirds of its value in the last decade. Maybe this time is different - but the history of the tech industry, too, suggests a difficult path to upside, even with a current valuation that looks rather cheap.InvestorPlace - Stock Market News, Stock Advice & Trading Tips NOK Stock Has Been Here BeforeAs I detailed earlier this year, Nokia has had chances to drive growth -- and reverse the narrative surrounding the stock. The $7 billion sale of the company's phone business to Microsoft (NASDAQ:MSFT) turned out to be a brilliant deal. Microsoft wound up losing at least $8 billion, and finally exited at a sale price of just $350 million. Yet the huge cash infusion did little for NOK stock. * 7 Momentum Stocks to Buy On the Dip Indeed, Nokia used that cash to help bankroll its acquisition of Alcatel-Lucent, which was to make the company a networking giant. That thesis didn't pan out. The company then re-entered the phone business. That plan hasn't worked.The story now is 5G. An admittedly strong second quarter earnings report contained positive news about customer retention in the shift from 4G. Nokia expects the full benefit to start hitting its P&L in 2020. And the staggered pace of the global rollout suggests that demand should continue for years to come.That said, Nokia already has admitted that it will struggle to hit its 2019 EPS guidance. Wall Street, for what it's worth, is betting against 2020 projections as well. Consensus of $0.40 is below the company's range of €0.37-€0.42 ($0.41-$0.45). The story is attractive -- but it's been attractive before. For this entire decade, Nokia simply hasn't been able to fulfill its potential. Is Nokia Stock an Outlier in Tech?To be fair, it's not easy to execute a turnaround, particularly in tech. There are no shortage of companies who, like Nokia, have struggled to adapt.There have been some winners. Microsoft itself is the most obvious one. It was only six years ago that Microsoft stock had traded sideways for a decade. Earnings growth had been minimal for years. Microsoft is now the most valuable company in the world.But Microsoft is a software play. In hardware, products can become 'commoditized'. And competition from China, in particular, is much stiffer. Indeed, Huawei has taken significant market share, with its political worries another potential tailwind for NOK stock.And in hardware, turnarounds have been difficult. IBM (NYSE:IBM) touched a nine-year low late last year. Oracle (NYSE:ORCL) has returned 9% over the past two years while broad markets have risen sharply. Blackberry (NASDAQ:BB) has been a perpetual "next year" story as both a hardware play and, more recently, a software play. Post-split gains for Hewlett Packard Enterprise (NYSE:HPE) have stalled out. Nokia rival Ericsson (NASDAQ:ERIC) is down 37% over the past five years, a performance in line with that of Nokia stock.There's really only old-line large-cap hardware play that has driven consistent gains: Cisco Systems (NASDAQ:CSCO). And that company has scale and market dominance that Nokia simply doesn't have.To be sure, history alone doesn't suggest that NOK stock can't rally this time. There is an opportunity in 5G. The hit to Huawei's reputation at least weakens a key competitor. And Nokia stock is cheap enough if guidance is hit. * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars But NOK also is a classic "this time is different" case. And as the old saw goes, those are the four most dangerous words in investing. That's been true in the past for Nokia and many similar tech plays. It could be true this time as well.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars * 5 Stocks to Buy With Great Charts * 5 Goldman Sachs Stocks to Buy with Over 20% Upside Potential The post History Suggests Nokia Stock Will Stay Stuck appeared first on InvestorPlace.
Self-driving cars are inevitable, and billions of dollars are going into this technology. We take a look at five of the best stocks in the industry right now.
Jaguar Land Rover has partnered with BlackBerry to develop autonomous vehicles. BlackBerry will assist Jaguar in various areas via AI and machine learning.
While Qualcomm (QCOM) secures a legal stay in the antitrust case against FTC, Sprint (S) extends its 5G deployment in the country with foray in four additional cities.
The introduction of BlackBerry Radar by BlackBerry (BB) on the Geotab Marketplace will augment location visibility, while offering additional data within a single user-interface platform.
In a recent post for InvestorPlace.com, I described the main reasons why Amazon (NASDAQ:AMZN) stock should be a core holding for investors. The shares represent a great way to get exposure to some of the biggest trends in technology like AI (Artificial Intelligence), cloud computing, streaming and of course, ecommerce. Not many large companies can offer all that.Yet all that does not imply that AMZN is a sure bet either. AMZN is certainly facing notable risks and issues. And besides, in the tech world, a top company can easily fall to pieces. Just look at Nokia (NYSE:NOK) and BlackBerry (NYSE:BB). They were once seemingly invincible. But they are now marginal players.In other words, with AMZN stock, it's a good idea to consider its potential downsides. So let's take a look:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Cloud BusinessToday the cloud business should be dominated by a company like IBM (NYSE:IBM), Oracle (NYSE:ORCL) or Microsoft (NASDAQ:MSFT). But instead, the clear leader is AMZN. Amazon CEO Jeff Bezos had the vision to leverage his company's e-commerce infrastructure into a thriving cloud unit. In fact, the cloud business was transformative for Amazon stock, as it offset the low margins of its e-commerce business and allowed it to invest in its other businesses. * 10 Marijuana Stocks That Could See 100% Gains, If Not More But there is a problem: the cloud unit's growth is slowing. For the most part, the competition is becoming much more of a factor for AMZN in this sector.I'm not saying that AMZN 's cloud business will somehow fall apart. I believe the unit will remain solid.Yet don't expect it to continue to provide the necessary fuel to boost Amazon stock. Leadership and Managerial BandwidthIn a matter of only 25 years, Jeff Bezos has built a company worth close to $1 trillion. He was not only able to dominate high-growth markets but also find ways to deal with challenging environments, such as the dot-com bust (which almost led to the bankruptcy of AMZN). He was also masterful in convincing Wall Street that profits were not very important!But during the past couple of years, there have been some nagging questions about Bezos' leadership. First of all, he has been targeting a large number of market opportunities and many have not been successful (like the foray into smartphones). If anything, AMZN has become somewhat of a grab-bag of different businesses that really do not have much synergy.Then there is Bezos' personal situation. No doubt, his divorce was unexpected. What's more, according to a recent Wall Street Journal profile, Bezos has been focusing much more of his time on AMZN's Hollywood image (the title of the piece was "Jeff Bezos' Journey From Private Family Man to Tabloid Sensation"). He is also devoting more time to pursuits outside the company, like his space venture. The Limits of AMZN's GrowthEven with over $240 billion in revenues, AMZN continues to crank up the growth. Note that last quarter, its revenue jumped 20% year-over-year.But keeping that level of growth up will get harder and harder. It will also mean moving into categories in which AMZN may have fewer advantages.An example is healthcare. The company has been investing heavily in this business, with internal development and acquisitions. But so far, the results have been mixed. For example, AMZN's PillPack division - which is a digital provider of prescriptions - recently was accused by health information network Surescripts of fraud. True, AMZN has denied any wrongdoing. But this episode shows that it can be extremely difficult to disrupt highly regulated markets that have entrenched players.Interestingly enough, as AMZN gets larger, the company becomes a bigger target of antitrust regulators. Already it appears that AMZN is a target of a Department of Justice probe, which could ultimately lead to heavy fines or even the breakup of the company.Tom Taulli is the author of the book, Artificial Intelligence Basics: A Non-Technical Introduction. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks That Could See 100% Gains, If Not More * 11 Stocks Under $10 to Buy Now * 6 China Stocks to Buy on the Dip The post The Scariest Risks Facing Amazon Stock appeared first on InvestorPlace.
Shares of Blackberry (BB) shot out of the gate this year, rising more than 40% in the first three months of 2019. But since then, the stock is down 32%, settling at a low not seen since January. Blackberry continues to look for its place in the tech world, as it was pushed out of consumer electronics and has shifted focus to enterprise software. What's next for the stock? The bulls argue that the worst is behind Blackberry as it still has multiple positive drivers, including continued expansion of QNX. The bears, on the other hand, argue that the bloodbath isn't over just yet. 5-star Canaccord analyst Michael Walkley has found himself in the middle, as he reiterates a Hold rating on BB stock, with a $9.00 price target, which implies nearly 30% upside from current levels. (To watch Walkley's track record, click here)Walkley met with Blackberry management at the CG Global Growth Conference, where the company highlighted growth opportunities for its business segments and long-term cross-selling opportunities. Coming out of the meetings, Walkley is optimistic on some fronts, but hesitant on others. To the company’s credit, Walkley believes the enterprise software and services (ESS) segment “is on track to return to year-over-year growth during F2020 and beyond,” while also being optimistic on Blackberry technology solutions (BTS). Furthermore, the company has recently acquired cyber-security firm Cylance for $1.4 billion, which, at the time of acquisition was expected to be a major boon to the company. But many investors were left dismayed by Cylance’s results in the first-quarter, sparking concerns that the acquisition was not smart, after all. Nevertheless, Walkely believes Cylance has “potential for further upside.”Walkley is also optimistic about the company’s patent portfolio. The analyst points to Blackberry’s “strong position in essential patents for wireless standards such as LTE and non-essential patents for key technology areas such as encryption, user interface, and security,” where he believes the “patent portfolio will continue to drive licensing revenue.”Even though Walkley believes “management has created a cogent long-term strategy and the potential is compelling for longer-term oriented investors,” the analyst remains sidelined as the company is trading at similar levels to software comps.All in all, while Blackberry is essentially a new business compared to its founding, investors don’t look at it as a young startup that can burn through cash. Instead, the three decade-old company is looked as an established company that must turn a profit and find its place in the market. As a result, TipRanks analysis shows a consensus Hold rating, with all four analysts rating Hold. The average price target among these analysts stand at $8.69, which still implies about 25% rise from current levels. (See BB's price targets and analyst ratings on TipRanks)
[Editor's note: "5 Self-Driving Car Stocks to Buy" was previously published in May 2019. It has since been updated to include the most relevant information available.]Full-blown autonomous driving won't be here tomorrow, but it's certainly on the way. The technology has drawn mixed emotions from consumers. Some don't trust it and aren't excited for a computer to navigate the vehicle that they're in. Others are embracing the technology and can't wait for it to happen. That's one reason they're looking for self-driving car stocks to buy.For all the doubters out there, though, please realize this technology is coming. I know this for two reasons: that it will save lives and save money. Almost 40,000 people die in the United States each year due to automotive accidents, an unacceptable level of fatalities. My hope is that one day we look back and say we can't believe how high that number used to be.InvestorPlace - Stock Market News, Stock Advice & Trading TipsUltimately, self-driving cars will cut that number down. It's why we have hundreds of companies collectively pouring billions of dollars into the solution. It will increase productivity, improve safety and decrease logistics costs. Simply put, it would be crazy to ignore this opportunity. * 10 Retirement Stocks That Won't Wilt in a Bear Market With that said, let's examine some autonomous car stocks to buy.Source: Waymo Alphabet (GOOGL,GOOG)Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) should be considered the leader of the self-driving car movement. It's the first major company that devoted major dollars to establishing a program for an autonomous fleet and it's no surprise that it's still the leader a decade later.After launching its own segment, Waymo, the company has seen the unit's valuation soar. More than one analyst has pegged its valuation at more than $100 billion. Morgan Stanley analysts hold the top valuation mark for now, saying Waymo could be valued at up to $175 billion.It operates the only commercial autonomous vehicle program in the country and has plans to expand globally. Waymo is also eyeing the semi truck market for its autonomous vehicle services and licensing to automakers isn't out of the question down the road.Simply put, this company is leading the pack. If you want exposure to just one company with a rock-solid balance sheet and exposure to self-driving cars, GOOGL is the stock to buy.Source: Shutterstock General Motors (GM)Widely considered in second place for autonomous driving commercial services in the U.S. is Cruise, a subsidiary of General Motors (NYSE:GM).GM acquired Cruise for roughly $1 billion in August 2016. Following investments from SoftBank and Honda (NYSE:HMC) in 2018 though, the valuation has soared all the way up to $14.6 billion. Talk about a return on investment. GM CEO Mary Barra has proven she can lead an innovative team while also making savvy acquisitions when needed.Cruise gives GM a viable commercial autonomous taxi option for the future, while the company's own self-driving technologies -- like Super Cruise in its Cadillac line -- have proven to be an industry leader as well. GM is among those fighting for a spot at the top when it comes to autonomous driving and that shouldn't come as a surprise. * 10 Retirement Stocks That Won't Wilt in a Bear Market Just when everyone wants to dump the automaker, it comes out with strong guidance for the quarter and for fiscal 2019. Then it tops Q4 estimates and reiterates guidance. The valuation is low with a single-digit P/E ratio and the dividend is high with a 3.9% yield. GM could be a good stock to buy if it sees a large pullback this year.Source: Shutterstock Nvidia (NVDA)After making its name in gaming and computer chips for years, Nvidia (NASDAQ:NVDA) quickly found itself in the dog house, falling about 50% in the fourth quarter. What a brutal beating for investors. Nvidia stock then recovered in Q1, but has since retreated againHowever, it gives investors -- particularly those looking for self-driving car stocks to buy -- an opportunity to invest in a long-term theme on the cheap. Despite the drumming Nvidia has received following its inventory-related issues, there's no denying its position among the autonomous driving leaderboard.Unlike GM and Waymo though, Nvidia does not have its own autonomous taxi service. Instead, it's building hardware and software solutions for hundreds of customers focused on self-driving cars. Put simply, it requires a mind-boggling amount of input and power to operate a self-driving vehicle. Whether it's an automaker, research team or startup, many of these companies are leaning on Nvidia as the backbone to their self-driving aspirations.As such, Daimler (OTCMKTS:DDAIF), maker of Mercedes-Benz, has partnered with Nvidia for its autonomous driving and self-driving taxi ambitions. Look for automotive revenue to continue increasing for the foreseeable future for Nvidia.Source: stargazer2020 via Flickr Intel (INTC)Like Nvidia, Intel (NASDAQ:INTC) is not building its own autonomous driving platform. However, the company is working on components that will help other companies build its own self-driving systems.Various chips are on the way and Intel's $15.3 billion acquisition of Mobileye is helping lead its charge. The company made the costly acquisition in order to bolster its portfolio in the automotive segment and give itself a chance in the self-driving car race.While Intel may not get much of the spotlight, it is worth mentioning the company's advances. During the Autonomous Vehicles 2018 conference in Detroit, MI. In August, I witnessed the company's breakdown of its Responsibility-Sensitive Safety program (RSS). Acting as a reactionary system for autonomous driving, it helps improve safety and mitigate risk. It's not perfect, but it was an impressive program to watch at work.Intel also has deals in the pipeline. In 2018, Intel agreed that it will supply its relatively new EyeQ5 chip in 8 million vehicles for a so-far unnamed European automaker. The deal won't begin until 2021 and while the terms weren't disclosed, 8 million cars is a lot of vehicles. Consider that U.S. consumers buy about 17 million new models per year. * 10 Retirement Stocks That Won't Wilt in a Bear Market In other words, Intel has a future in the autonomous driving space, making it a good stock to buy.Source: BlackBerry BlackBerry (BB)This list doesn't have to be five stocks long -- it could be 25 without an issue. There are so many companies involved, many don't even realize it. There's cloud and data companies, automakers, semiconductor manufacturers, OEM suppliers, chip makers and a long list of others that are involved.That said, we could have listed Tesla (NASDAQ:TSLA), Baidu (NASDAQ:BIDU) for its Apollo driving program, NXP Semiconductor (NASDAQ:NXPI) and a whole host of others. But let's talks about BlackBerry (NYSE:BB) because it doesn't get much love when talking about self-driving car stocks to buy.BlackBerry is a software and security play. After talking up Jarvis at last year's Detroit Auto Show (in 2018), the discussion has admittedly faded somewhat. However, BlackBerry is already in tens of millions of vehicles and is partnering with some of the largest automakers in the world. When -- not if -- autonomous driving hits its stride, security will be one of the top concerns for automakers.With BlackBerry having an excellent reputation in this regard, it will be (and to some extent, already is) a go-to stock to buy in automotive software security. Autonomous vehicles are essentially computers on wheels and that's a big deal for a company like BlackBerry, making it a good stock to buy.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long GOOGL and NVDA. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now The post 5 Self-Driving Car Stocks to Buy appeared first on InvestorPlace.
BlackBerry's (BB) CylanceGUARD solution simplifies complex technologies and workflows while reducing the time it takes to act against attack proliferation.
Federal Reserve Chair Jerome Powell talked about an accommodative stance, which to investors' ears sounds a lot like "rate cut." That got equities moving higher in morning trade, where the S&P 500 cracked 3,000 for the first time. However, bulls were not able to maintain their sugar high into the afternoon, with stocks giving up some of those gains. Let's take a look at a few top stock trades. Top Stock Trades for Tomorrow 1: Advanced Micro Devices Click to EnlargeThe burst higher in Advanced Micro Devices (NASDAQ:AMD) should be no surprise to InvestorPlace readers, as we lined this one up a few days ago as a solid trade. And for investors, they were able to turn a quick 12% on AMD in less than a month.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNow what?Shares don't look to be tiring much, but they are running into resistance in this $33 to $34 area. If it can push through, rallying up to $35+ for instance, then I would look to see if this prior resistance zone can begin acting as support. If that plays out, it bodes well for higher prices. * 7 Retail Stocks to Buy for the Second Half of 2019 Below $33 and bulls may have to wait for a retest of the 20-day moving average and/or uptrend support. Top Stock Trades for Tomorrow 2: Citigroup Click to EnlargeFor the last 18 months, the $71.50 to $72 area has been acting as resistance for Citigroup (NYSE:C). That's been the ceiling this whole month, even after Citigroup raised its buyback and dividend.Bulls are hoping shares can breakout and push through this mark. If it does, a run to channel resistance (blue line) near $74 is on the table. That will also put C stock near its 52-week highs around $73.73.Should shares pullback, see if C stock finds support at its 20-day moving average. Below and its 50-day moving average comes into play. Top Stock Trades for Tomorrow 3: BlackBerry Click to EnlargeThe action in BlackBerry (NYSE:BB) has been pretty ugly. At the end of June, shares raced up to $9, but were swiftly batted lower by the 50-week and 200-week moving averages.We flagged that as a major warning sign and with BB stock now flirting with last month's lows, $6.50 range support looks to be a possibility. See if the stock hold this $7.10-ish area. Below and it's a no-touch until support comes into play. Top Stock Trades for Tomorrow 4: WD-40 Click to EnlargeShares of WD-40 Company (NYSE:WDFC) jumped higher on better-than-expected earnings results, up more than 10% at one point.The stock backed off the $180 level, which isn't too surprising considering how much resistance seems to be sitting between $180 and $182.50. On the plus side, WDFC is now above all three major moving averages and is responding well to its earnings report.I would be more inclined to sell the rally into $182.50 if it gets there this week. Otherwise, let's see where this stock bases from here. A breakout over $183 could trigger a move to the highs near $186.18. Top Stock Trades for Tomorrow 5: Delta Air Lines Click to EnlargeDelta Air Lines (NYSE:DAL) is set to report earnings on Thursday morning, and optimism is high heading into the report. Management recently gave a positive update, and American Airlines (NYSE:AAL) issued positive data on Wednesday.This $58 to $59 area has been resistance for Delta, so it would be extremely encouraging to see it hold as support going forward. Of course, earnings will play a large role in the upcoming action. * The S&P 500's 5 Best Highest-Yielding Dividend Stocks The options market is pricing in a ~3.5% move by Friday's close, so it will be interesting to see if it can hold this mark. If it doesn't, let's see if either the 10-week or the 50-week moving average can support it.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy on College Students' Radars * 7 Retail Stocks to Buy for the Second Half of 2019 * The S&P 500's 5 Best Highest-Yielding Dividend Stocks The post 5 Top Stock Trades for Thursday: AMD, DAL, C, BB appeared first on InvestorPlace.
Its most recent fiscal Q1 2020 results gave the illusion of BlackBerry's turnaround gaining traction, but on deeper analysis, there are ultimately still too many questions unanswered. Consequently, despite superficial improvements, Blackberry's shares are not cheaply priced and remain in speculative territory. Last year when BlackBerry reported its fiscal Q1 2019 results, BlackBerry carried approximately $1.5 billion of net cash.