Nokia Continues to Slump and 3 Heavily Traded Shares Making Rounds
Bank of America Corp (NYSE:BAC): With only hours left in 2012, Bank of America is poised to double for the year, amid investor optimism the huge bank will succeed in resolving litigation stemming from the housing bust, and eventually return capital to shareholders. Heading into the New Year, however, some analysts expect 2013 will be the year that Citigroup’s stock outperforms competitors. The difference between the two is that while investors now value Bank of America at just a small discount to their total assets, they don’t give Citigroup the credit they deserve for resolving crisis issues as well as their improving earnings outlook, which could drive share repurchases or dividends in the New Year.
General Electric Company (NYSE:GE) shares were a little lower in pre-market trading session on Monday. Their stock advanced +14.13% year-to-date.
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Nokia Corporation (NYSE:NOK) saw their revenues down as much as 9% in 2011 and are expecting to see another decline of 21% this year. This will be perpetuated by an expected 19% fall in handset units and lower average handset prices.
Sirius XM Radio Inc. (NASDAQ:SIRI): As reported by Zacks, the current mean recommendation for Sirius XM Radio Inc. is in the “buy range”.
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