When the global handset market goes South a number of companies get bombed. The worst goes to the handset companies themselves. That is not good news for Motorola (NYSE: MOT). Chip companies also get a beating. Due to that, investors have turned on Qualcomm (NASDAQ: QCOM) and Texas Instruments (NYSE: TXN)
The news out of Nokia (NYSE: NOK) is that the markets are too worried about the industry. Things are just fine. According to Reuters "the company’s finance chief said the mobile phone maker still expects 10 percent industry growth this year despite mixed European demand and a U.S. slowdown."
Nokia has about 40% of the global handset market. It should know the industry trends better than any other firm. The company sees tremendous demand in China, Russia, and other emerging markets.
The news says that some of the stocks which have been pushed down on expectations of a bad year for handsets may be down too far.
Douglas A McIntyre
Are You Ahead, or Behind on Retirement? (sponsor)
If you’re one of the over 4 Million Americans set to retire this year, you may want to pay attention. Many people have worked their whole lives preparing to retire without ever knowing the answer to the most important question: are you ahead, or behind on your retirement goals?
Don’t make the same mistake. It’s an easy question to answer. A quick conversation with a financial advisor can help you unpack your savings, spending, and goals for your money. With SmartAsset’s free tool, you can connect with vetted financial advisors in minutes.
Why wait? Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.