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

Smartphone Wrap: Nokia (NOK), Apple's iPhone (AAPL) and BlackBerry (BBRY)

NEW YORK (TheStreet) -- Six new Nokia (NOK - Get Report) devices are rumored to be released during the company's Innovation Reinvented event in Abu Dhabi next month, reports The Verge.

Two of those will likely be new models in the Lumia range. The six-inch Lumia 1520 was expected to have a September launch date but was delayed on Microsoft's (MSFT - Get Report) pending purchase of Nokia's mobile arm. Nokia's Lumia 1020 launched in India on Thursday and will be available to purchase from Oct. 11.

Nokia shares closed 0.15% higher to $6.64 while Microsoft was up 0.82% to $32.77.

TheStreet Ratings team rates Nokia as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:

"We rate Nokia a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall."

Rumors continue to swirl around Apple  (AAPL) , as a leaked China Mobile  (CHL) advertisement indicates the carrier could begin selling the iPhone 5s and 5c as early as November. Apple's market share in China declined from 9% to 5% in the most recent quarter and a partnership with one of the largest wireless carriers could prove fruitful.

Apple shares were up 0.97% to $486.22 and China Mobile was 0.62% higher to $56.85 as of close of trading.

TheStreet Ratings team rates Apple as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:

"We rate Apple a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself." Highlights from the analysis by TheStreet Ratings Team goes as follows:

BlackBerry  (BBRY - Get Report) will report second-quarter figures on Friday as originally planned, but has cancelled its post-earnings conference call due to Fairfax Financial's acquisition bid. Many analysts have expressed doubts over the proposed deal, especially in light of news the acquisition relies on additional cash from non-Fairfax investors.

T-Mobile US  (TMUS - Get Report) announced it will no longer sell BlackBerrys in-store but will continue to do so online. It cites low consumer demand as the key factor behind the decision.

BlackBerry shares closed 0.69% lower at $7.95, more than $1 under Fairfax's $9-a-share bid, while T-Mobile gained 0.15% to close at $26.12.

TheStreet Ratings team rates BlackBerry as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:

"We rate BlackBerry a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and weak operating cash flow." Highlights from the analysis by TheStreet Ratings Team goes as follows:

Written by Keris Alison Lahiff.

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

Check Out Our Best Services for Investors

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
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
APPL $0.00 0.00%
BBRY $9.89 -0.35%
CHL $67.68 -1.31%
NOK $7.62 -1.93%
MSFT $41.62 -1.29%


DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs