This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

7 Hot Stocks to Trade (or Not)

Nokia

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Nearest Resistance: $2.00

Nearest Support: $1.75

Catalyst: "Less Bad" Earnings

Shares of mobile phone maker Nokia (NOK - Get Report) are pushing more than 7% higher today, the result of "less bad" earnings than analysts had been expecting. Yes, Nokia did post a 1.41 billion euro loss for the quarter -- a bigger one than last year's too -- but Wall Street was expecting the worst, and investors were pleasantly surprised by the actual result.

From a technical standpoint, though, investors should still be expecting the worst. Shares have a strong resistance level at $2, and they've got weak support at best propping up prices at $1.75.

The sustained downtrend that shares have been in since late March hasn't abated yet, and the pop in Nokia is fading into the afternoon. I'd look to go short on a push below $1.75.

For another take on Nokia, it was also featured recently in " 6 Hated Stocks to Stay Away From."
2 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
WAG $81.65 2.05%
EBAY $61.85 0.00%
EDU $23.80 0.00%
MS $39.00 0.00%
NOK $6.73 0.00%

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs