Nokia Moves Up on Big-Screen Smartphone Chatter and 2 More Heavily Traded Stocks to Follow
Nokia Corp. (NYSE:NOK): Current price $4.11
Nokia shares are up by almost 2 percent Thursday on chatter that the firm might introduce smartphones with screens larger than 5 inches next month. The company is planning to introduce the new phones as a remake of its Lumia line of handsets in a gambit to entice customers away from competitor Samsung Electronics (SSNLF.PK), which has taken much of the market for phone-tablet hybrid devices. Sources told Reuters that Nokia will announce the new devices in September in New York.
AT&T Inc. (NYSE:T): Current price $33.82
On Thursday, the CFO community Proformative recognized AT&T and its chief financial officer, John Stephens, with the award for the 2013 Most Effective Finance Organization. The award honors the finance organization that has led its company to the top levels of performance in risk management and/or top line growth while maximizing the productivity of team members and showing exemplary personal and professional traits, according to a press release. AT&T has been recognized for its plan to grow cash flow by lowering its working capital requirements.
Ford Motor Co. (NYSE:F): Current price $16.41
Accelerating its criticism of Japan’s auto industry, Ford said that a weaker yen permits carmakers led by Toyota Motor Corp. (NYSE:TM) to keep open factories that are producing an excess supply of vehicles, which threatens job growth in the United States. Joe Hinrichs, Ford president of operations in the region, said in an interview with Bloomberg that the weaker yen is supporting exports from Japan, which IHS Automotive calculates has 2 million vehicles of excess capacity versus constrained capacity in North America.