Why Nokia, Expedia, and Activision Blizzard Soared Today

The stock market roared ahead to finish up on the week, but even 1% moves for the major market benchmarks were tiny compared to what these three stocks delivered. Find out more about what made them soar.

Feb 7, 2014 at 8:02PM

Although we don't believe in timing the market or panicking over daily movements, we do like to keep an eye on market changes -- just in case they're material to our investing thesis.

After Monday's plunge in the stock market, investors were prepared for the worst to begin the week. But with the markets bouncing back during the past couple of days, major-market indexes managed to get back into the black for the week. Huge gains from Nokia (NYSE:NOK), Expedia (NASDAQ:EXPE), and Activision Blizzard (NASDAQ: ATVI) helped create a positive mood for investors, even despite some troubling economic data on the jobs front this morning.

Nokia (NOK) jumped 9% after the company agreed to resolve its patent disputes against Taiwanese smartphone maker HTC. The companies didn't release the exact terms of the agreement, but HTC will pay royalties to Nokia in exchange for giving each other access to their respective patented technology. In addition, the agreement holds open the possibility of future collaboration, which could help Nokia as it seeks to figure out its future course after selling its phone business to Microsoft (NASDAQ:MSFT). Even after the Microsoft sale, though, Nokia will retain its patents, making the possibility of partnering with HTC even more attractive.

Expedia (EXPE) climbed 14% after the travel portal announced its latest quarterly earnings figures. Sales rose 18% and boosted earnings per share by almost half, and Expedia also posted solid figures on gross bookings and hotel-room sales volume. Even with Expedia's share-price advance today, rival Priceline.com (NASDAQ:PCLN) maintains a huge lead in terms of total returns, but today's news gives Expedia investors some hope that the company can tap into the same trends that have brought so much success to Priceline shareholders.

Activision Blizzard also soared 14%, hitting levels it hasn't seen in more than a quarter-century, as the video-game manufacturer continued its huge rebound on strength in its holiday quarter. The release of two brand-new video game consoles from Microsoft and Sony helped Activision's sales of its latest Call of Duty: Ghosts game, contributing to adjusted revenue and earnings that far exceeded the company's prior outlook in November. But even more importantly, Activision expects to see updates in 2014 to some of its strongest series, including World of Warcraft, as well as a potential new hit in Destiny later this year. Even though the video game industry will have to slow down from its explosive growth linked to the new PlayStation 4 and Xbox One, Activision Blizzard is still in a good position to benefit from the opportunities in the space.

Get the best growth stocks for your portfolio
Find big winners -- consistently? They said it couldn't be done. But David Gardner has proved them wrong, time, and time, and time again, with stock returns like 926%, 2,239%, and 4,371%. In fact, just recently, one of his favorite stocks became a 100-bagger. And he's ready to do it again. You can uncover his scientific approach to crushing the market and his carefully chosen six picks for ultimate growth instantly, because he's making this premium report free for you today. Click here now for access.

Dan Caplinger has no position in any stocks mentioned. The Motley Fool recommends Activision Blizzard and Priceline.com. The Motley Fool owns shares of Activision Blizzard, Microsoft, and Priceline.com. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Money to your ears - A great FREE investing resource for you

The best way to get your regular dose of market and money insights is our suite of free podcasts ... what we like to think of as “binge-worthy finance.”

Feb 1, 2016 at 5:03PM

Whether we're in the midst of earnings season or riding out the market's lulls, you want to know the best strategies for your money.

And you'll want to go beyond the hype of screaming TV personalities, fear-mongering ads, and "analysis" from people who might have your email address ... but no track record of success.

In short, you want a voice of reason you can count on.

A 2015 Business Insider article titled, "11 websites to bookmark if you want to get rich," rated The Motley Fool as the #1 place online to get smarter about investing.

And one of the easiest, most enjoyable, most valuable ways to get your regular dose of market and money insights is our suite of free podcasts ... what we like to think of as "binge-worthy finance."

Whether you make it part of your daily commute or you save up and listen to a handful of episodes for your 50-mile bike rides or long soaks in a bubble bath (or both!), the podcasts make sense of your money.

And unlike so many who want to make the subjects of personal finance and investing complicated and scary, our podcasts are clear, insightful, and (yes, it's true) fun.

Our free suite of podcasts

Motley Fool Money features a team of our analysts discussing the week's top business and investing stories, interviews, and an inside look at the stocks on our radar. The show is also heard weekly on dozens of radio stations across the country.

The hosts of Motley Fool Answers challenge the conventional wisdom on life's biggest financial issues to reveal what you really need to know to make smart money moves.

David Gardner, co-founder of The Motley Fool, is among the most respected and trusted sources on investing. And he's the host of Rule Breaker Investing, in which he shares his insights into today's most innovative and disruptive companies ... and how to profit from them.

Market Foolery is our daily look at stocks in the news, as well as the top business and investing stories.

And Industry Focus offers a deeper dive into a specific industry and the stories making headlines. Healthcare, technology, energy, consumer goods, and other industries take turns in the spotlight.

They're all informative, entertaining, and eminently listenable. Rule Breaker Investing and Answers are timeless, so it's worth going back to and listening from the very start; the other three are focused more on today's events, so listen to the most recent first.

All are available for free at www.fool.com/podcasts.

If you're looking for a friendly voice ... with great advice on how to make the most of your money ... from a business with a lengthy track record of success ... in clear, compelling language ... I encourage you to give a listen to our free podcasts.

Head to www.fool.com/podcasts, give them a spin, and you can subscribe there (at iTunes, Stitcher, or our other partners) if you want to receive them regularly.

It's money to your ears.

 


Compare Brokers