Yahoo Finance StockCall Study on NOK, ERIC, MSI, and ARRS
StockCall.com Provides Stock Research on Nokia Corp., LM Ericsson Telephone Co., Motorola Solutions Inc., and Arris Group Inc.
New York City, New York -- (June 10, 2013)
Wireless is expected to be the key growth driver for the U.S. as well as the global communication equipment industry. The increasing use of smartphones and tablets has boosted demand for wireless services. This has also prompted telecom companies to increase their bandwidth and improve their network infrastructure, boosting demand for communication equipment. This trend is expected to continue over the next few years as more and more users shift to smartphones and tablets. On Friday, June 7, 2013, shares in communication equipment companies ended mostly higher, tracking gains in the broader market which finished sharply higher as concerns over the longevity of Federal Reserve’s $85 billion a month bond buying program eased a little. The major movers in the sector included Nokia Corporation (ADR) (NYSE:NOK - News), Ericsson (ADR) (NASDAQ:ERIC - News), Motorola Solutions Inc. (NYSE:MSI - News), and Arris Group Inc. (NASDAQ:ARRS - News). StockCall free coverage on NOK, ERIC, MSI, and ARRS is available upon registration at
Shares in Nokia Corporation ended slightly higher on Friday, tracking gains in the broader market. The company’s shares traded between $3.49 and $3.55 before finishing the day 0.28% higher at $3.54. A total of 19.12 million shares were traded which is well below the daily average volume of 29.56 million. Shares of NOK grew nearly 3% last week, outperforming the S&P 500. However, despite the recent growth, the stock is still down nearly 10.40% so far this year. Nokia’s shares are currently trading 27.76% below their 52-week high. Download the free technical research on NOK by signing up at
www.StockCall.com/NOK061013.pdf
Ericsson’s stock slipped on Friday, reversing some of its gains for the week. The company’s shares ended the day 0.42% higher at $11.81 after trading between $11.70 and $11.85. A total of 2.40 million shares were traded in its most recent session which is below the daily average volume of 3.17 million. However, despite the pullback on Friday, shares of ERIC grew 1.2% last week, tracking gains in the broader market. So far this year, the stock has climbed over 21.10%, outperforming the S&P 500. The stock is currently trading 9.11% below its 52-week high. Register now and get access to the free analysis on ERIC at
www.StockCall.com/ERIC061013.pdf
Shares in Motorola Solutions Inc. fluctuated between gains and losses on Friday before finishing the day nearly flat. The company’s shares traded between $56.74 and $57.42 before finishing the day 0.04% higher at $56.94. A total of 1.58 million shares were traded which is below the daily average volume of 2.41 million. Shares of MSI fell nearly 1.80% last week, even as the broader market posted gains. So far this year, the stock has grown nearly 2.70%, underperforming the S&P 500. The stock is currently trading below its 50-day moving average. Sign up and read the complimentary report on MSI at
www.StockCall.com/MSI061013.pdf
Arrus Group Inc.’s stock moved higher on Friday, reversing some of its recent losses. The company’s shares hit an intraday high of $14.82 before finishing the day 0.55% higher at $14.73. A total of 656,527 shares were traded on Friday, which is well below the daily average volume of 1.72 million. Shares of ARRS have fallen over 1.30% in the last three sessions. So far this year, the stock has fallen over 1.40%, underperforming the S&P 500. The free report on ARRS can be downloaded by signing up now at
www.StockCall.com/ARRS061013.pdf
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