This Day On The Street
Continue to site
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

LinkedIn, Nokia: Tech Winners

(Updates from 3:57 p.m. ET with closing information.)

NEW YORK( TheStreet) Nokia (NOK - Get Report) shares gained 2.55% to $3.62 on news its telecommunications joint-venture could be worth more than $9 billion.

An article in The Wall Street Journal speculates the company's telecommunications-equipment joint venture with Siemens may be up for sale. The German conglomerate has approached private equity firms, including TPG, Blackstone Group, and KKR about a possible buyout of its part of telecommunications-equipment joint venture with Nokia.

LinkedIn (LNKD - Get Report) shares rose 3.62% to $178.25 after Credit Suisse initiated coverage on the stock.

Analysts at Credit Suisse gave LinkedIn an "outperform" rating with a $220 price target. The research firm cited the "all-you-can-eat subscription model", a expanding addressable market, and a profitable ad platform as potential catalysts for future success.

"As we view LinkedIn over the longer term as a search marketing platform that will leverage its unique data set to place the right ad in front of the right user at the right time, it can potentially price on a per-lead transactional basis," analyst Stephen Ju wrote in the note.

Closing prices: NOK closed at $3.62, up 2.5%, while LNKD finished up 3.6% at $178.24.

-- Written by David Webster in New York

>Contact by Email.

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
LNKD $124.51 -0.32%
NOK $5.76 -1.10%
AAPL $94.30 -0.92%
FB $118.08 0.55%
GOOG $695.81 0.50%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs