Nokia, AMD and Plug: Recent News and Stock Analysis
AMD and Plug Impress, while Nokia too shows strong increases.
Advanced Micro Devices (AMD)
AMD has been performing exceptionally well over the past week with a return of 31.74%. Many have been skeptical of the firms future, however Chief Financial Officer, Devinder Kumar, has seemingly turned things around as cemented by the company’s recent success. I Know First’s brilliant article helps to highlight why AMD’ stock may overcome its recent difficulties and become a sensible stock to add to ones portfolio.
Recent news that the company is looking to merge with other electrical giants has boosted consumer confidence for the company. In addition, the company is looking to diversify into other sectors of the semiconductors and microprocessor industry. Rumor has it that they are even looking to diversify themselves into the gaming market via producing new GPUs.
Such positive news has indeed complied nicely with The I Know First algorithm which gave a bullish signal of 8.69 and a strong predictability indicator of 0.29. The forecast can be seen below.
Power Plug (PLUG)
The American company that produces hydrogen fuel cells, named GenCore, helps offering a cleaner and more efficient energy source when compared to the more popular acid-lead batteries. The GenCore batteries have been proven very reliable, boasting reliable over 100 million hours of run-time.
The company has currently announced an agreement to acquire a large stake of HyPulsion (approx. 80%) together with its French partner Axane. The deal could enable Power Plug to enter the European market and in turn, help to achieve further growth. Although, still some way away from become a company worth $500 million in revenue, (CEO, Mr Marsh’s target) the company is showing steady growth.
On July 28th, 2015, The I Know First algorithm gave a bullish signal of 10.36 for the ticker PLUG (Plug Power), which had a strong predictability indicator of 0.16. In accordance with the algorithm’s prediction, Plug Power rose by 19.75% on trading day July 31st.
Nokia (NOK), the renowned Finnish multinational, is still showing strong performance in the markets, even though it was seen a liable stock to hold prior to Microsoft’s acquisition in 2013. The company reported annual revenues of approximately €12.73 billion. The company is also listed as the world’s 274th-largest company measured by 2013 revenues according to the Fortune Global 500.
Recent news have hinted at Nokia potentially entering the mobile phone industry once more. Nokia’s former Windows-based smartphones were not able to compete against the likes of Apple’s iPhone or Samsung Galaxy. Yet, according to the company website, the Finnish giants will only re-enter the market it they find the ideal partner for the job. This news has reacted postively with the stock market and have seen Nokia’s shares increase favourably.
On July 5th, 2015, The I Know First algorithm gave a bullish signal of 5.71 for the ticker NOK (Nokia Corporation), which had a strong predictability indicator of 0.16. In accordance with the algorithm’s prediction, Nokia’s shares rose by 3.68% 14 days after.