Alcatel and Telenor Partner In Europe & Asia and 2 Other Hot Stocks to Watch
Alcatel Lucent (NYSE:ALU): Current price $1.756
Alcatel Lucent and Telenor Group have reached a three-year accord, through which Alcatel will supply high speed Internet services to Telenor’s 2-, 3-, and 4-gigabyte customers across Europe and Asia. The scope of the arrangement also obliges Alcatel to provide professional services expertise like system architecture, planning, design, and end-to-end integration and testing, so as to offer customized solutions for Telenor’s end markets. Financials of the transaction were not reported.
Ford Motor Company (NYSE:F): Current price $14.91
The historic automaker’s F-150 pickup has topped a consumer website’s list of most-American made models, supplanting Toyota’s Camry sedan, as it posts the largest gain in the domestic market share among automakers so far in 2013. Cars.com’s editor-in-chief Patrick Olsen commented in a statement that “Ford’s top ranking this year is a good indicator of how pickup trucks are dominating auto sales so far in 2013, and how the domestic automakers are bouncing back.While the assembly point and domestic parts content of the F-150 didn’t change from 2012 to 2013, vehicle sales are responsible for bumping the F-150 to the top spot.”
Lennar Corp. (NYSE:LEN): Current price $36.07
Lennar shares have moved up by more than 2 percent in late morning trading, on word that prices for homes in 20 American cities jumped by 2.5 percent in April, marking the largest monthly growth on record. Moreover, S&P/Case-Shiller data indicate that it also gained 12.1 percent so far this year, the strongest pace since 2006. Adding to that, Lennar posted second-quarter results that surpassed expectations even with a plunge in profit, and said that it expects a “solid housing recovery.”