This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at email@example.com or call 800-767-3771 ext. 9339.
For Immediate Release
Chicago, IL – September 27, 2012 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Nokia Corporation (NOK - Analyst Report), Apple Inc. (AAPL - Analyst Report), Google Inc. (GOOG - Analyst Report), Microsoft Corporation (MSFT - Analyst Report) and Statoil ASA (STO - Analyst Report).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Wednesday’s Analyst Blog:
Nokia Launches Low-End Smartphones
To improve its presence in the mass market, Nokia Corporation (NOK - Analyst Report) has unveiled two new affordable touch screen phones based on Symbian operating system.
Nokia incorporated the low-end smartphones – Asha 308 and Asha 309 in its portfolio that will cost $99, exclusive of taxes and subsidies, when it hits the market in the fourth quarter of 2012. The budget phones possess features like – 3 inch screen, 800 MHz processors a 2 mega pixel back camera and are preloaded with EA games. Nokia Asha 309 has an integrated Wi-Fi while Nokia Asha 308 supports two SIM cards with both the phones having video streaming capabilities from YouTube.
The Finnish handset maker, Nokia has been loosing market share to Apple Inc.’s (AAPL - Analyst Report) iPhone and a range of smartphones that run on Google Inc.’s (GOOG - Analyst Report) Android operating system (OS). In an effort to improve its falling smartphone market share, the company ditched its Symbian operating system and teamed up with Microsoft Corporation (MSFT - Analyst Report) to develop Windows-based smartphones. However, it seems that the limited success of the Windows-based smartphone is forcing the company to improve its dependence on other OS.
The low-end smartphones are of special significance to Nokia not only because they carry high margins but as they will also aid in defending challenges from cheaper smartphones from Asian manufacturers. The Oslo, Finland-based Company is particularly targeting the low-end customers of the emerging markets with its latest offering.
Recently, Nokia launched its latest Windows Phone 8 handset but it is expected that mass acceptance of the phone will take some time to materialize. We believe the company is vouching heavily on its Asha range of touch screen devices to compensate stiff competition in the lucrative high-end smartphone market.
The current Zacks Consensus Estimate for Nokia Corporation is pegged at a loss of 13 cents for the third quarter of 2012 with a growth rate estimate of (420.0%). For 2012, the Zacks Consensus Estimate stands at a loss of 39 cents with a growth rate of (202.06%) while for 2013, the Zacks Consensus Estimate stands at a loss of 2 cents with a growth rate of 94.06%.
We retain our Neutral recommendation on Nokia Corp. in the long run. Currently, it has a Zacks #3 Rank, implying a short-term Hold rating.
Statoil Boost Oil Recovery Efforts
Norwegian energy giant Statoil ASA (STO - Analyst Report) is all set to boost the recovery rate of the oilfields in the Norwegian Continental Shelf (NCS) by an added 10% as it has started building the country's biggest research center.
This center − located near the company's existing research center at Rotvoll in Trondheim, in the north of Norway − will cost around $42 million (NOK 240 million) to the company. It will assist Statoil to maximize output at fields where it remains the operator or co-partner both on the NCS and worldwide.
The unique 2700 square-meter center will comprise four floors that will prioritize areas of technology such as drilling, reservoir mapping and advanced injection techniques. It will be well equipped with an industrial CT scanner that is 100 times more potent than its medical equivalent. This center is expected to be completed by the end of 2013.
Increased oil recovery (IOR) is considered as the money-spinning method of generating reserves already in place with the help of existing production infrastructure. Hence, this results in substantial revenue gains. Presently, Statoil employs about 3000 people for working on developing a range of 300 IOR activities.
At August end, the company stated that it was targeting a 60% average oil recovery rate from its NCS fields. The world's largest offshore operator − Statoil − already holds the leading position in oil recovery with a recovery rate of 50% last year compared with a global oil recovery rate of just 35%. It also marked a 1% year-on-year rise in oil recovery for Statoil.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Zacks Investment Research
800-767-3771 ext. 9339