The Zacks Analyst Blog Highlights:Nokia, Apple, Google, Amazon and Microsoft
CHICAGO, Nov. 28, 2012
CHICAGO, Nov. 28, 2012 /PRNewswire/ --Zacks.com announces the list of stocks
featured in the Analyst Blog. Every day the Zacks Equity Research analysts
discuss the latest news and events impacting stocks and the financial markets.
Stocks recently featured in the blog include Nokia Corporation (NYSE:NOK),
Apple Inc. (Nasdaq:AAPL), Google Inc. (Nasdaq:GOOG), Amazon Inc. (Nasdaq:AMZN)
and Microsoft Corporation (Nasdaq:MSFT).
Get the most recent insight from Zacks Equity Research with the free Profit
from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Tuesday's Analyst Blog:
Demand Soars for Lumia 920
It seems that Nokia Corporation's (NYSE:NOK) Lumia 920 has given it a fighting
chance against Apple Inc.'s (Nasdaq:AAPL) iPhone and Google Inc. (Nasdaq:GOOG)
developed Android-based phones. Nokia has seen strong demand for Lumia 920
since the device became available earlier this month, mainly attributable to
the ongoing holiday season in U.S.
According to Forbes, Lumia 920 was out of stock at online retailer Amazon Inc.
(Nasdaq:AMZN) and will take at least two weeks to reach consumers. Nokia's
partners for its flagship device have only the white model left on their
Nokia is doing well in other parts of the world, particularly in Germany and
Australia, where the company has experienced sell outs of the Lumia 920. The
struggling handset manufacturer has reportedly received 2.5 million orders for
Lumia 920, which is close to the 2.9 million Lumia series phones that it sold
in the entire 3Q.
However, Forbes suggests that though the data remain impressive, the
out-of-stock situation in the stores could be due to low inventory position or
as a result of the uptick in demand from the holiday shopping rush.
Lumia 920 is the latest gamble from the Finnish handset manufacturer which
runs on Microsoft Corporation's (Nasdaq:MSFT) Windows Phone8 software. Lumia
handsets are powered with rich features (PureView camera, 4GLTE technology,
Windows 8 OS, and numerous apps), giving Nokia chances to regain its lost
One of the primary reasons for the recent surge in demand for Lumia 920 is the
lackluster product mix of iPhone 5 as compared to its earlier handsets.
Nokia's mapping technology gives it an edge over Apple whose faulty map
service has been subject to heavy criticism. Additionally, the company has
strategically priced the device at $99.99 which is $100 less than iPhone5 and
$200 less than Samsung's flagship SIII.
We remain optimistic that the company has at last found a winner in the form
of Lumia 920, which has at least given a ray of hope to gain some market
traction. Nevertheless, the company should not rest on its laurels after this
success and should continue efforts to revamp its falling handset business.
We retain our long-term Neutral recommendation on Nokia Corp. However, it
holds a Zacks #2 Rank, implying a short-term Buy rating.
Want more from Zacks Equity Research? Subscribe to the free Profit from the
Pros newsletter: http://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative
analysis to help investors know what stocks to buy and which to sell for the
Continuous coverage is provided for a universe of 1,150 publicly traded
stocks. Our analysts are organized by industry which gives them keen insights
to developments that affect company profits and stock performance.
Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the
latest analysis from Zacks Equity Research. Subscribe to this free newsletter
Zacks.com is a property of Zacks Investment Research, Inc., which was formed
in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in
stock market data that would lead to superior investment results. Amongst his
many accomplishments was the formation of his proprietary stock picking
system; the Zacks Rank, which continues to outperform the market by nearly a 3
to 1 margin. The best way to unlock the profitable stock recommendations and
market insights of Zacks Investment Research is through our free daily email
newsletter; Profit from the Pros. In short, it's your steady flow of
Profitable ideas GUARANTEED to be worth your time! Register for your free
subscription to Profit from the Pros at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance
numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook:
Disclaimer: Past performance does not guarantee future results. Investors
should always research companies and securities before making any investments.
Nothing herein should be construed as an offer or solicitation to buy or sell
Zacks Investment Research
800-767-3771 ext. 9339
SOURCE Zacks Investment Research, Inc.
Press spacebar to pause and continue. Press esc to stop.