Wednesday, August 22, 2012

Nokia Corporation Gapped Up 4% (TOL, COP, ATPG, ZNGA, ARO, NOK)

Nokia Corporation (ADR) (NYSE:NOK) stock increased 4.02% to $2.87 following couple of positive stories from Bloomberg, one of which highlights the success in emerging markets of the struggling handset maker's cheap Asha features phones. Bloomberg also reports that Verizon Communications Inc.(NYSE:VZ ) plans to sell a Windows 8 Nokia phone later this year as it seeks to lower its dependence on the iPhone (AAPL) and Android (GOOG).

Can NOK Continue To Move Higher? Find Out Here

Toll Brothers Inc (NYSE:TOL) shares gained 4.60% to $33.27 after the company reported a third quarter profit of $61.6 million, or $0.36 a share, up from $42.1 million, or $0.25 a share, in the same quarter a year earlier. Revenue rose 41% to $554.3 million. Analysts had expected earnings of $0.18 a share on $510 million in revenue.

How Should Investors Trade TOL Now? Find Out Here

ConocoPhillips (NYSE:COP) stock fell 0.23% to $56.46 after the company announced that, as part of its ongoing strategy to reposition its asset base, it has closed a transaction with LUKOIL for the sale of ConocoPhillips’ indirect 30% interest in NaryanMarNefteGaz (NMNG) and certain related assets. Financial terms of the transaction were not disclosed.

ATP Oil & Gas Corporation (NASDAQ:ATPG) stock rebounded 7.57% to $0.350 in the pre-market hour thanks to a press release clarifying that its U.K. operations are not part of the parent's Chapter 11 reorganization and refinancing filing.

 The company, on August 17, 2012, filed for Chapter 11 bankruptcy protection on August 17, 2012, blaming the financial fallout from the deep sea drilling moratorium that followed the Deepwater Horizon disaster. The Company said in a filing in Texas court that its development plans and cash flows had been dramatically impacted by the deepwater drilling stoppage which continued for many months after the BP Plc well blowout off the Louisiana coast on April 20, 2010.

How Should Investors Trade ATPG Now? Find Out Here

Zynga Inc (NASDAQ:ZNGA) shares climbed 3.70% to $3.07 as both Bloomberg and JMP Securities note the stock is trading at only a slightly higher level than the cash and investments on the company balance sheet. The firm remains cash-flow positive and could be worth $4.75-$7.30/share if valued along the lines of other game developers.

Aeropostale, Inc. (NYSE:ARO) shares gained 1.58% to $12.85 in the pre-market hour after Imperial Capital reiterated their outperform rating on shares of Aeropostale in a research note issued to investors on Monday. The firm currently has a $18.00 target price on the stock.

No comments:

Post a Comment

Privacy Policy | Legal Disclaimer