Facebook Faces EU Data Laws and 4 Heavily Traded Shares Demanding Investor Attention
Nokia Corporation (NYSE:NOK): Current price $4.47
In mid-day trading, Nokia was up almost 20% with 217 million shares traded.
Facebook Inc (NASDAQ:FB): Current price $31.2757
A legal expert has warned that Facebook, Inc., Gmail and other ad-supported online services will need to start charging users if the proposed changes to the European Union data protection laws go ahead. Substantial restrictions on how companies handle personal data have been put forward under the draft for the European Data Protection Regulation, which will shortly be put before the European Parliament. The proposals will severely stop the ability of services to claim they have legitimate grounds for collecting, analyzing or selling the personal data of their users. They also make it far more difficult for services to claim they have a user’s consent for processing their data, even where a user has signed up to a site’s terms and conditions.
Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.
Molycorp Inc. (NYSE:MCP): Current price $8.40
After the company forecast lower than expected 2013 revenue and cash flow, shares of the “rare earth” mining company Molycorp Inc. are a great deal lower, citing the combination of the ramp-up schedule for their Mountain Pass project and the current rare earth pricing environment. The company also noted that they will not complete Phase 2 construction at Mountain Pass until until market demand, product pricing, capital availability, and financial returns justify additional increases in production beyond Phase 1.
ArcelorMittal (NYSE:MT): Current price $17.45
The company has raised a bigger-than-expected $4 billion selling shares and convertible bonds to strengthen their balance sheet, leaving the world’s largest steelmaker better placed to cope with tough markets.”The major concern for ArcelorMittal was the fact that they were struggling with their balance sheet. They were too leveraged. With this transaction, they will remove this balance sheet issue totally,” Petercam analyst Alan Vandenberghe said.
Sirius XM Radio Inc (NASDAQ:SIRI): Current price $3.51
Subscriber numbers are up at Sirius XM Radio Inc. They said that they ended the year with 23.9 million subscribers, and had 2 million net subscriber additions in 2012. Chief Executive Officer, Jim Meyer said, “Net self-pay subscriber additions in 2012 increased over 30% to more than 1.6 million, turning in our best performance since 2008.” Meyer also noted that the company soon will launch a customization feature and said he expects subscribers to surpass 25 million in 2013.
Don’t Miss: Sirius XM: Will 2012 Be a Year to Remember?