Wall Street fought off early declines connected with weak quarterly results from IBM and Intel to close broadly higher yesterday, extending two days of strong rally. Positive report on new home building supported stocks with expectations that the housing sector was beginning to revive.
Today, Nokia Corporation (ADR) (NYSE:NOK) posted another quarterly loss and declining cash reserves today, but results beat expectations before November’s release of new smartphones it predicts can win back market share from Apple Inc. (NASDAQ:AAPL) and Samsung. The third-quarter earnings got a boost from its telecoms equipment company, Nokia Siemens Networks which the company said had scored best profits on record.
The company’s quarterly underlying loss excluding certain impacts was 0.07 euros per share versus net income of 0.03 euros a year earlier. Reuters’ poll disclosed that analysts had predicted a loss of 0.11 euros. Its net cash position moved down to 3.6 billion euros ($4.7 billion) by the end of the quarter as compared to 4.2 billion in June but still was better than the market forecasts of 3.4 billion euros.
Shares of this company traded up 4.26% during trading yesterday, hitting $2.94. The stock has a 52 week low of $1.63 and a 52 week high of $7.38. The company has a market cap of $11.01 billion. The P/S ratio is 0.26 and P/B ratio 0.95. Dividend yield stands at 8.59 percent. The beta value is 1.54. NOK’s RSI amounts to 60.36.
Sirius XM Radio Inc (NASDAQ:SIRI) was down on Wednesday after the Federal Communications Commission ratified a proposal from AT&T (T) Inc. and Sirius XM Radio Inc. that would enable the mobile phone provider to launch more wireless data service while protecting satellite radio subscribers from interference.
To have a quick look on this stock’s price history, beta used to measure the volatility or systematic risk in comparison to the market as a whole was 1.67 and the percentage change in the price over the last fifty two weeks remained at +62.29%. The price range in those 52 weeks had a highest hit of $2.86on Oct 17, 2012 while lowest level during that period was $1.61 on Nov 10, 2011.
Alpha Natural Resources, Inc. (NYSE:ANR) surged after Barron’s report that coal shares are still underpriced. The stock’s price increased in the last trading session with a previous 52-week high of $29.29. The stock was trading on above-average volume.
The stock traded at a volume of 35.91 million shares at a price gain of 8.30%. The share price is now up 37.19% for the past three months. Latest closing price was 33.56% above its 50-day moving average and -25.79% below its 200-day moving average.
Halliburton Company (NYSE:HAL) closed up after reporting quarterly revenue rise. While trading at volume higher than average, the stock climbed 2.20% yesterday. Its previous 52-week high was $40.43 and moved up 2.47% over the same period, trading at a volume of 27.17 million. Shares have risen 4.53% over the trailing 6 months. The stock is currently trading 2.45% above its SMA 50 and 6.63% above its SMA 200.