Coordinated efforts by Europe's central bankers should Greece's elections go awry and the prospects for a new round of quantitative easing by the Federal Reserve led the Dow Jones Industrial Average 155 points higher yesterday. Yet some stocks did much worse, going in the other direction and falling by double-digit percentages. So first let's see whether they had good reason to drop, as panic-fueled declines can sometimes make for excellent buying opportunities.
As broad-based as the Dow's surge was, not every stock that makes up the index followed suit. Concerns about whether Boeing
And it was jobs that caused one-time top cell-phone maker Nokia
But even teaming up with Microsoft and introducing several Windows Phone 7 models has done nothing to stanch the bleeding. Microsoft had wanted to challenge the iPhone, and Nokia accounts for two-thirds of its mobile software shipments. But the dwindling impact it has suggests the partnership may not survive, which could end up being a death knell for Nokia.
CAPS member Speculatormaster lives up to the screen name by suggesting Microsoft may end up wanting to acquire Nokia, but in the meantime MajorBob04 says there's no bottom in sight and expects Nokia to keep falling. Still, the smartphone maker remains a well-respected company among investors, and 90% of the 4,100 CPAS members weighing in on its prospects think it will eventually gain traction again.
Tell me on the Nokia CAPS page or in the comments section below whether you agree the sell-off was overdone, and then add its stock to the Fool's free stock-tracking service to watch the twists and turns of this one-time leader's troubles.
A gouge, not a chip
While macroeconomic news didn't have an impact on Nokia, you could see its effect on Lattice Semiconductor
Considering Lattice competes with Altera
But the area Lattice is seeing the most weakness in, telecom and wireless, is also what's hurting Altera. While Lattice's competitor is looking for stronger second-quarter revenue growth, that comes on the heels of a disappointing first-quarter performance that saw a significant decrease in late-quarter demand in the same segment. So its growth is coming from a weaker base, meaning Lattice is not so far behind its rivals and it's more an industry phenomenon rather than being company-specific.
With 88% of the CAPS members rating Lattice to outperform the broad market indexes, it's apparent they're confident in the chipmaker's ability to gain control of the situation, as does the four-star rating (out of five) they've assigned to it.
Add Lattice's stock to your Watchlist to see whether it can dial up new growth, and then tell me in the comments box or on the Lattice Semiconductor CAPS page whether you think it's falling behind Altera and Xilinx.
Ready for a resurrection
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Fool contributor Rich Duprey owns shares of Apple, but he holds no other position in any company mentioned. Check out his holdings and a short bio . The Motley Fool owns shares of Microsoft and Apple. Motley Fool newsletter services have recommended buying shares of Microsoft and Apple and creating a bull call spread position in Apple and Microsoft. The Motley Fool has a disclosure policy. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.
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