|Bid||10.04 x 3100|
|Ask||10.18 x 27000|
|Day's Range||9.93 - 10.07|
|52 Week Range||7.16 - 10.46|
|Beta (3Y Monthly)||0.31|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.11 (1.19%)|
|1y Target Est||N/A|
Telecom Gear Vendor Update: Nokia and Ericsson(Continued from Prior Part)Huawei in trouble in the United StatesThe Trump administration seems to have declared war on Huawei, the Chinese company that dominates the global market for telecommunications
Telecom Gear Vendor Update: Nokia and Ericsson(Continued from Prior Part)Europe risks stifling innovationEricsson (ERIC) warned recently that Europe risks losing out in the 5G space if it fails to remove the regulatory barriers hindering the speedy
Bank of America Merrill Lynch held meetings with Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC ) management Friday that it said inspired greater confidence in the company’s scope for growth and turnaround ...
Citi lowered its price target on Tesla to $191 from $238 Guggenheim named Anheuser-Busch InBev a best idea Evercore ISI upgraded Legg Mason to in-line from underperform Stephens downgraded Activision Blizzard to equal-weight from overweight Bank of America upgraded Ericsson to buy from neutral J.
Chicago Fed President Evans will appear at the same conference along with opening remarks from Atlanta Fed President Bostic. Regional presidents Kaplan, Harker, Rosengren, Bullard, Williams, Daly, Barkin and Bostic will also deliver talks over the course of the Global Week Ahead.
As Huawei enters the Entity List, U.S. suppliers like Qualcomm (QCOM) and Broadcom (AVGO) will have to apply for licenses to provide components to the Chinese firm.
Dr. Brenda Ann Connor, Director of IoT Wholesale Services at Ericsson, provides crisp Internet of Things value propositions so that her customers can “turn ideation into commercial reality.”
Value investing seek to capitalize on inefficiencies in the market and have the potential to deliver higher returns with lower volatility compared with growth and blend counterparts.
To lay the groundwork, tower climbers are in high demand. To find workers in the tight labor market, Ericsson is recruiting from vocational schools and also works actively to recruit veterans. Fifth-generation cellular wireless — better known as 5G — is beginning to come to life, with launches from major carriers like Verizon VZ and AT&T T .
Amid seemingly improving fortunes, Nokia (NYSE:NOK) continues to suffer. Nokia stock fell by 10% after its quarterly report. Traders sold NOK amid earnings and revenue misses. Investors keep waiting for the predicted increase in revenue and earnings brought about by the rise of 5G. This latest report leaves many wondering if it will ever happen.Source: Shutterstock As a result, many see some of Nokia's peers as better investments. However, despite the struggles, a buy case for a specific type of investor remains. Lost Confidence and Nokia stockTo be sure, NOK stock has become a frustrating equity. I had taken a bullish on Nokia due to 5G. However, the latest earnings report has forced me to admit that the profit rollout has come more slowly than expected.InvestorPlace - Stock Market News, Stock Advice & Trading TipsInvestorPlace contributor Vince Martin wonders if those profits will ever appear. He believes Nokia suffers because of a trust problem within the Finland-based company. * The 10 Best Stocks to Buy for May He may be right.Nokia has kept its guidance steady for both 2019 and 2020. But that also leaves investors wondering if 5G profits will actually start coming in the second half of the year.Nokia has missed opportunities since at least 2007. At that time, this leading cellphone company failed to see the future. As a result, it saw its business quickly evaporate soon after Apple (NASDAQ:AAPL) released its iPhone.Also, as Martin correctly points out, the merger with Alcatel-Lucent has met with declines in Nokia stock. The stock suffered further in March when the company revealed that some transactions with the Alcatel-Lucent division faced compliance issues.To its credit, NOK has transformed itself into a 5G equipment provider. However, it seems to lack the drive to succeed in its new industry. Political pressures have all but eliminated Huawei as an option in many countries. Unfortunately for investors in Nokia stock, the company has not benefitted from the reduced competition. Nokia Is Falling BehindOn the other hand, eliminating a major rival has boosted Ericsson's (NASDAQ:ERIC) numbers. Ericsson stock rose by 7.3% after it announced an earnings and revenue beat in its last quarterly report.Its 17.8 forward price-to-earnings (PE) ratio comes in higher. Still, that appears cheap in light of expected profit growth of more than 272% this year and a predicted 31.7% earnings increase in 2020.It also lags firms such as Cisco Systems (NASDAQ:CSCO) in other areas of networking. Double-digit profit growth, a 16.4 forward PE ratio, and the track record of dividend increases make Cisco a viable option. Dividend Investors and Nokia StockDespite these metrics from its peers, I see a case for buying Nokia stock, at least for dividend investors. The 24-cent per share annual dividend yields about 4.6% at current prices.Given the expected demand for 5G, I do not see Nokia's financials warranting a dividend cut. Moreover, it surpasses Cisco's yield of around 2.6% as well as Ericsson's which comes in at about 1.2%. The payout also gives investors some return even if it remains rangebound.Furthermore, Nokia's forward PE comes in at about 13. If it fulfills some of its potential as a 5G equipment provider, profits should finally rise. That could take it above $7 per share, a price level it has not surpassed since 2015. Concluding Thoughts on Nokia StockAmid the struggles, the buy case for Nokia remains lucrative for dividend investors. Nokia's latest earnings and revenue miss confirmed some long-held negative feelings about NOK stock.In recent weeks, compliance issues have weighed on NOK. Moreover, missing on revenue and earnings even with less competition has many investors perplexed. This has arguably made a case for investors to choose Ericsson or Cisco over Nokia.Nonetheless, Nokia leads its peers by a wide margin on dividend yields. Moreover, the rise of 5G will likely push NOK higher despite itself. Even if Nokia fails to produce stellar earnings reports, the cash payouts should keep dividend investors happy for the foreseeable future.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Stocks to Buy for May * 5 Elephant-Sized Companies Warren Buffett Could Buy * 7 Cheap ETFs for Novice Investors Compare Brokers The post Disappointing as It Is, Nokia Stock Is a Solid Dividend Buy appeared first on InvestorPlace.
Motorola Solutions (MSI) first-quarter earnings top on record-high revenues driven by strength in both segments and diligent execution of operational plans.
Strong operating performance across all three segments, leading to double-digit revenue and EPS growth, drives Harris' (HRS) fiscal third-quarter results.
There's one long-running issue with Nokia Corporation (NYSE:NOK): a lack of consistency. That's true for Nokia as a company, and it's been true for Nokia stock as well.Source: Shutterstock After a 10% decline on Thursday following NOK's disappointing Q1 earnings report, Nokia stock now sits where it did back in early 2012. Shareholders have harvested some dividends along the way, and those who have timed NOK stock correctly have made out well. But over the long haul, Nokia stock simply hasn't delivered.On its own, the first-quarter report doesn't necessarily prove that NOK won't deliver going forward. It may not even completely refute the bull case on Nokia stock. NOK did reiterate its full-year guidance. The timing of the company's 5G deals appears to have been an issue, one that should resolve itself as the year goes on.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy That Ought to Buy Back Shares At the same time, the report highlights the broader concerns about NOK stock at this point. It emphasizes the problem I detailed back in 2017, and again in February. Specifically, it's exceedingly difficult for a stock to rise consistently without consistent execution and performance by the underlying company. For most of this decade, NOK stock has proven that rule, and it did so again on Thursday. Nokia's EarningsThere's no way to spin it: Nokia's earnings were disappointing. Adjusted revenue of €5.1 billion did rise year-over-year , but only thanks to the weaker euro. In constant currency, according to management, NOK's adjusted sales dropped 1%, while its reported sales fell 2%. Nokia had guided for a lighter quarter relative to its performance over the full year. But analysts were expecting at least some growth, and it appears likely that Nokia management was as well.NOK's sales dropped, and so did its earnings, which in fact turned negative. Adjusted earnings per share came in at negative €0.02, a mirror image of the €0.02 per share profit the company reported during the same period a year before. The Street had projected EPS of €0.03. Operating profit, too, turned negative after a modest profit in the first quarter of 2018.Granted, the miss wasn't huge - and in that context, the 10% decline of Nokia stock might seem like an overreaction. But it seems likely investors were expecting a beat; Nokia has, in recent years, generally guided a bit light, enabling it to often exceed consensus expectations. And beyond the issue of the miss, there's the question of what the quarter means for the rest of 2019 and beyond. Is the Selloff of Nokia Stock an Overreaction?Nokia's management did try to minimize the importance of the quarter. Its full-year guidance was reiterated, though the company noted "significant pressure on execution in the second half." Revenues from 5G projects were previously expected to rise in the second half of the year, but more of the revenue appears to have slipped to the second half. Specifically, NOK cited some €200 million of 5G revenue that wasn't able to be recognized in Q1, but should positively impact the company's results before the end of the year.The issue with Q1 isn't that sales and profits were lost, but rather that they slipped into the second half. And that explanation makes sense. The rising pressure on Chinese rival Huawei presents a potential opportunity for Nokia and rival Ericsson (NASDAQ:ERIC). But it's also led some customers to rethink their buying decisions, lengthening sales cycle.The case for buying the weakness of NOK stock, then, is based on the idea that nothing has really changed. The quarter was disappointing, but the company still has at least a chance to hit its full-year guidance.NOK's growth is supposed to be much stronger in 2020: EPS of €0.37-€0.42 against €0.25-€0.29 this year. In 2020, 5G projects and cost-cutting are expected to boost its bottom line. The bull case for Nokia stock, from a long-term standpoint, may not have changed all that much after the report. Yet after the decline, NOK stock is cheaper, trading at less than 13 times even the low end of next year's EPS guidance range. The Worries About Nokia StockAt the moment, investors aren't buying that argument and truthfully, neither am I. NOK has lost credibility over the past few years in terms of delivering on its promises. As a result, it's difficult to trust its 2019 guidance at this point.There's also the risk that Huawei's troubles won't quite help NOK and Nokia stock as much as some might presume. Ericsson clearly is going after the customers of its Chinese rivals, and having some success: it posted very strong results last week. NOK's rivals in other areas of networking like Cisco Networks (NASDAQ:CSCO), Ciena (NYSE:CIEN) and even smaller Adtran (NASDAQ:ADTN) are performing well and posting growth, yet Nokia looks to be falling behind there, too.Nokia has a big opportunity in 5G. But NOK has had opportunities for years, and it hasn't been able to take advantage of them. The acquisition of Alcatel Lucent was supposed to be transformative, yet Nokia stock trades well below its pre-merger levels. NOK supposedly had an opportunity in digital health, yet it sold that business after taking an enormous writedown. Cost-cutting was supposed to drive profits, but its revenue hasn't grown.At the end of the day, the problem with NOK's Q1 results is that they require investors to trust the company. They require trust that NOK's guidance still is correct, and trust that Nokia can nimbly navigate the new 5G equipment environment while fending off Ericsson.Investors don't have that faith, with good reason. That's why Nokia stock is falling so hard after its earnings and why it doesn't feel like the plunge of Nokia stock is an opportunity.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 7 A-Rated Stocks That Are Under $10 * 3 Scorching Hot Bank Stocks to Consider Now * 10 Stocks to Sell Before They Give Back 2019 Gains * 7 Stocks to Buy That Ought to Buy Back Shares Compare Brokers The post Surprise Loss Highlights Ongoing Risk to Nokia Stock appeared first on InvestorPlace.
Sales growth in both Aerospace and Industrial segments helps Woodward (WWD) to beat second-quarter fiscal 2019 earnings estimates.
In February, he declared that Skyworks Solutions, Intel, Qualcomm, Broadcom, and Xilinx were the top five semiconductor companies that stand to benefit from the building of 5G infrastructure.
Earnings season is fully upon us now and things are as expected … there are some big winners and some big losers. While growth should be solid this year, it's not likely to set any records. That makes it important to find the opportunities in the market now, especially since there has been the big tech run-up in Q1. While some of these tech stocks are solid contenders, not all of them can be counted among the top stocks to consider now.The big run in Q1 just got the market back to breakeven after the horror show in Q4, especially in December.So now is the time to look for opportunities in select sectors where there should be better than average growth in the coming year. And within those sectors, there are some low-priced stocks with a lot of potential that are worth adding to your portfolio now.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 5 Cheap Energy Stocks to Buy Under $10 The top stocks under $10 I feature here all have momentum in their favor -- as measured by my Portfolio Grader -- and their businesses are growing faster than their larger peers. These names also have an A-rating according to my system. Just make sure not to chase them too far from their current prices. ICICI Bank Ltd ADR (IBN)Source: Shutterstock ICICI Bank Ltd ADR (NYSE:IBN) isn't as much a play on the U.S. as it is the growth in India. It is only one of a handful of Indian stocks that trades in the U.S.Remember, India's GDP last year was 7% -- 10% faster than China's growth. And it is likely to continue posting numbers like that for years to come.But like most emerging economies, it has its fits and starts. That's why owning a solid bank is a good way to get some exposure without taking on too much risk. And that's where IBN fits in.IBN is one of only three privately held major Indian banks and it is growing like a tech company. What's more, it's also selling Prudential insurance in India through a majority-owned subsidiary ICICI Pru, a new product with huge potential. And insurance also has healthy margins.With the U.S. and Chinese economies doing well, it's a good signal that India will continue to prosper and develop. IBN stock is up more than 30% in the past year and has plenty of headroom left. First BanCorp (FBP)Source: Shutterstock First BanCorp (NYSE:FBP) is a Puerto Rico-based bank that also has operations in the Caribbean and in the U.S. It's on fire.Given the massive devastation of the island from the recent hurricane, I mean that in a good way. FBP stock is up nearly 30% year-to-date and more than 50% in the past 12 months.Much of this is due to the rebuilding efforts that are going on in the region now. It takes a while after a major natural disaster for funding to show up and start getting disbursed.FBP is now in the middle of rebuilding the island and the various other islands where it has operations. And given its status of a territory of the U.S., native Puerto Ricans live in the U.S. and send money back to family there. This is also strengthening the economy of the island. * 10 Automation Stocks to Buy for the 21st Century While fixing the island will happen over a long period of time, at some point it will end, but expanding new opportunities will present themselves and FBP will be on the front line. And it will have a strong balance sheet to help. Infosys Ltd (INFY)Source: Shutterstock Infosys Ltd ADR (NYSE:INFY) is a global technology, outsourcing and consulting firm that offers an array of services to some of the largest businesses in the world. It's headquartered in Bangalore, India and has been around for more than 35 years.With a $46 billion market cap, this is an established company that continues to grow, taking advantage of expanding economies around the world. And where economies are tight, they also look to INFY to help grow their productivity by outsourcing operations that are being solved efficiently in companies' current operations.INFY has a respectable 2.9% dividend and is up 10% year-to-date and nearly 20% in the past year. Its last quarter's earnings beat expectations by a comfortable margin but it warned that this year may not be as strong. But there are plenty of companies that have pointed this out; it's not a shock. However, it has meant that the stock has lost some ground and is at a good price. Telefonaktiebolaget LM Ericsson (ERIC)Source: Shutterstock Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) is in the 5G wars right now.As a leading global telecom company, it is stuck between the leading 5G telecom player in the world -- China's Huawei -- and the U.S. government. The U.S. is concerned that Huawei equipment may contain surveillance equipment to tap into telecommunications used over the network and has told allies that the U.S. will not allow aid money to be used to buy Huawei equipment or support a 5G network using its equipment.And while that may seem like a great thing for ERIC -- based in Sweden -- the problem is, China isn't interested in making it easy for ERIC to muscle in on its 5G dominance. The U.S. doesn't have a native company that can scale up 5G, so there's an uneasy stalemate among the players.But regardless of how it shakes out, ERIC is still a major global player. And as networks upgrade and expand, ERIC will be a significant source of the work. * 7 Cloud Stocks to Buy Now The stock is up 11% YTD and more than 30% in the past year. It may be a little bouncy for a while, but as long as the global economy keeps chugging along, ERIC will be in growth mode. Cousins Properties (CUZ)Source: Shutterstock Cousins Properties Inc (NYSE:CUZ) is a commercial real estate investment trust (REIT) that has been around since 1958. Essentially, it owns and operates commercial buildings in some of the hottest regions of the Southwest, South and Mid Atlantic.Having been launched and headquartered in Atlanta, Georgia, it is one city where CUZ has significant holdings. Atlanta is one of the fastest growing cities in the U.S. and that growth is continuing.It also has properties in the tech mecca of Research Triangle in North Carolina as well as Austin, Texas. It also has properties in major markets in Florida and Arizona.REITs are particularly hot right now for two reasons. First, low-interest rates and a steadily growing economy are helping make financing and new investments easier. Plus, it's a good market to raise rents in.Second is a tax advantage that was written into law in 2018 that allows new tax advantages for REITs and their investors.Plus, the real estate market has been dormant for a while now, so this revival has been a long time coming.Also, late last month, CUZ merged with Tier REIT (NYSE:TIER) adding another 50% to its market cap as well as a successful group of properties in many of the same markets. Cleveland-Cliffs (CLF)Source: Shutterstock Cleveland-Cliffs Inc (NYSE:CLF) has been around for more than 170 years. It was around 15 years before the Civil War started. That is durability.Part of the reason it has endured is the fact that it does one thing: It makes iron ore pellets from mines and factories in Michigan and Minnesota for the U.S. steel industry.This year started strongly on two fronts. First, one of its main competitors, Brazil-based Vale SA (NYSE:VALE) had to cut production when a dam broke at a mining operation in Brazil causing an incredible amount of damage.Second, the strength of the U.S. economy has meant more demand for steel.This is why CLF is up 27% YTD and 34% in the past year. And even after this price run, CLF stock is still delivering a 2% dividend. * 7 Reasons the Stock Market's Record Closing Isn't the End of the Rally CLF is a small company -- about a $2 billion market cap -- but it is a focused company that has seen a lot more economic challenges than most other firms in its sector. It may not be flashy, but it's hot now and will continue to provide for shareholders. Vereit Inc (VER)Source: Shutterstock Vereit Inc (NYSE:VER) owns and manages single tenant commercial properties in the US.That means it owns properties that one business occupies, which makes it much more manageable for the REIT. Plus many of its customers are national chains, so it is has a close relationship with major retailers and restaurants.For example, its top five clients are Red Lobster, Walgreens (NASDAQ:WBA), Family Dollar, Dollar General (NYSE:DG) and FedEx (FDX). Its top 10 clients represent 27% of the company's total income.As the U.S. economy continues to expand and consumers continue to spend, this all bodes well for VER.Up 16% YTD and delivering a whopping 6.7% dividend, this is a great REIT at a great price and at a great time.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 5 Hot Dividend Stocks to Buy as the Weather Heats Up * 7 Dividend Stocks That Could Double Over the Next Five Years * 10 Stocks to Sell Before They Give Back 2019 Gains * 7 Cloud Stocks to Buy Now Compare Brokers The post 7 A-Rated Stocks That Are Under $10 appeared first on InvestorPlace.
The Latest on 5G Equipment Vendors Nokia and Ericsson(Continued from Prior Part)Huawei’s woes haven’t driven business for Ericsson Ericsson (ERIC) doesn’t depend on its rivals facing political challenges to gain at their expense. About two