NEW YORK, April 18, 2013 - cheapstocks.us, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on Nokia Corporation, Sprint Nextel Corporation, Oracle Corporation, Arch Coal Inc.
Nokia Corporation (ADR)(NYSE:NOK) shares decreased 10.89% to $3.19 as Investors in Nokia got frightened at a big drop in sales of its basic mobile phones despite a further modest pick-up for its flagship Lumia smartphones.
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The company today reported a first quarter sales of €5.9bn against consensus estimates of €6.5bn. It reported an operating loss of €150m after an unexpected profit in the fourth quarter of €427m. Total mobile sales were 62m, down a quarter from both last year and the fourth quarter.
Sprint Nextel Corporation (NYSE:S) shares climbed 0.56% to $7.13. The company on April 18 announced the availability of its all-new 4G LTE network to customers in 21 more markets, including Los Angeles, Contra CostaCounty, Calif., Charlotte, N.C., Norfolk, Va., and Memphis, Tenn. With the Sprint 4G LTE network, customers in the following areas will be able to experience faster speeds for uploading photos, surfing the Web, and streamingvideos.
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Additionally, DISH Network Corporation (NASDAQ: DISH) on April 15 announced that it has submitted a merger proposal to the Board of Directors of Sprint Nextel Corporation for a total cash and stock considerationof $25.5 billion. The DISH proposal clearly represents superior value to Sprint shareholders, including greater ownership in a combined company that is better positioned for the future with more spectrum, products, subscribers, financial scale and new opportunities.
Oracle Corporation(NASDAQ:ORCL) shares fell 0.20% to $32.42. The company on April 16 announced that CenterNet S.A., an Internet provider and mobile network operator in Poland, has successfully deployed OracleCommunications Prepaid Charging to support its intelligent telecommunications network, as well as enhance network management and billing capabilities for next-generation communication services.
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Additionally, the company, on April 8, announced a new release of Primavera P6 Enterprise Project Portfolio Management that enhances and extends one of the industry's most powerful and easy to use solutions forprioritizing, planning, managing and executing projects, programs and portfolios.
Arch Coal Inc (NYSE:ACI) shares gained 8.57% to $4.94. Citigroup cut shares of Arch Coal from a buy rating to a neutral rating in a research note issued to investors on April 15. The firm currently has $6.00 target price on the stock. Additionally, ACI’s stock was downgraded by equities research analysts at Citigroup to a “neutral”rating in a research note issued to investors on April 15.
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Additionally, the company will discuss its first quarter 2013 financial results in a conference call that will be webcast live on Tuesday, April 23 at 10:00 a.m. Eastern time. Participating on the call will be Arch's President and Chief Executive Officer John W. Eaves, Executive Vice President and Chief Operating Officer Paul A. Lang and Senior Vice President and Chief Financial Officer John T. Drexler.
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