The Zacks Analyst Blog Highlights: Nokia, AT&T, Apple, Google and Microsoft

CHICAGO, Oct. 9, 2012 /PRNewswire/ -- 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 (NYSE: NOK), AT&T Inc. (NYSE: T), Apple Inc. (Nasdaq: AAPL), Google Inc. (Nasdaq: GOOG) and Microsoft Corporation (Nasdaq: MSFT).

(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)

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 Monday's Analyst Blog:

Nokia Inks Deal with AT&T

In an attempt to pump up Lumia sales, beleaguered handset manufacturer Nokia Corporation (NYSE: NOK) has tied up with the second largest U.S. carrier, AT&T Inc. (NYSE: T) to offer its latest range of smartphones, which runs on Windows phone 8 operating system (OS). AT&T will become the first carrier in the U.S. to offer Lumia 920 and 820 when it will start selling the smartphone range from the next month. Nevertheless, Nokia and AT&T have not yet disclosed the price.

This is the second time that Nokia has teamed up with AT&T, as earlier, the Finnish handset manufacturer tied up with the U.S. carrier to sell Lumia 900, – the first LTE phone from Nokia's stable. Inspite of AT&T supporting Nokia with its biggest phone promotional campaign, the Espoo, Finland-based company failed to capitalize and was forced to slash its price to get a better acceptance.   

According to Nokia, AT&T has committed to train its retail employees to market its latest product. However, the company faces tough competition from Asian manufacturer Samsung Electronics Co. and HTC Corp., who have recently come up with their own Windows-based smartphones.

At present, Nokia Corporation is in dire straits, losing in every front. It remains severely challenged owing to stiff competition, primarily from Apple Inc.'s (Nasdaq: AAPL) iPhone and an array of other smartphone manufacturers using Google Inc.'s (Nasdaq: GOOG) Android OS. However, teaming up with Microsoft hasn't yielded any meaningful result as it still lags behind in the smartphone race.

On September 5, this year, Nokia unwrapped its latest Lumia offering, which runs on Microsoft Corporation's (Nasdaq: MSFT) Windows Phone 8 software. The company's flagship Lumia 920 and the mid tier Lumia 820 with several new additional features is believed to be the last gamble from Nokia to win back the customer confidence in Windows-based smartphones.

Although Nokia has declared that going forward it will tie up with some more operators to launch Lumia 920, we believe that it is collaborating with AT&T to capitalize its marketing prowess. The embattled cell phone manufacturer will benefit from AT&T's dedicated marketing effort, which will cut its own marketing cost besides providing the opportunity to tap the operator's huge subscriber base. If AT&T could come up with an attractive offering then it is expected to bring some respite for Nokia in the lucrative North American market.

We maintain our long-term Neutral recommendation on Nokia. Currently, Nokia retains a Zacks #3 Rank, implying a short-term Hold rating.

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

About Zacks

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.

Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com 
http://www.zacks.com

SOURCE Zacks Investment Research, Inc.



RELATED LINKS
http://www.zacks.com

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.