For the last weeks, i was looking for long term investment opportunities. i have found NOK, KHC, SXC, LUMN, IEC AND ROCKET COMPANY.
i will go into fundamental analysis for one by one, the long term investment will be on LEAPS, or stock purchase.
For today's topic, Nokia seems strugling with weekly descending channel with MA 200 on top of the trade. The market news are mixed, positive with EU opening the door to ericson and nokia, and negative news with Nokia struggling with 5G even with chineese companies excluded in the US and most of EU countries. EPS is negative. 0 dividend. rating Ba2. market cap: around 24 billion
the question is, if Nokia succeed to close EU 5G contracts, will we see a rally to north ? please let me know your thoughts.
the goal in this stock is ITM LEAPs for January 2023. option premium around 1.3 strike price 4
Thanks for your first analysis about Nokia. I think both agree that what is left from the old Nokia (1990-2013) is only the Brand 'Nokia'. Today's Nokia Networks company is in a deep shit and needs huge restructuration and recovery measures in order to revive a failing company. The latest Nokia's news : "nokia.com/about-us/news/releases/2021/03/16/nokia-announces-plans-to-reset-its-cost-base-to-invest-in-future-capabilities/" .
As you pointed out, we need to wait up to 3 years to see whether these measures will help.
Which make me very optimistic about the future of Nokia is the fact that Nokia has now Pekka Lundmark as CEO and Sari Baldauf (chairman of the board of directors). Both experienced and commited to revive Nokia.
As you pointed out, we need to wait up to 3 years to see whether these measures will help.
Which make me very optimistic about the future of Nokia is the fact that Nokia has now Pekka Lundmark as CEO and Sari Baldauf (chairman of the board of directors). Both experienced and commited to revive Nokia.