Nokia Corporation (ADR) (NOK), TrustCo Bank Corp NY (TRST): Three Stocks On Which to Ride the Market’s Momentum

Nokia Corporation (ADR) (NYSE:NOK) also has climbed aboard the redesign of the camera smartphone to meet consumer’s demand for them vis-à-vis digital cameras. According to DS Rawat, a honcho with India’s technology sector, there’s a 92% probability a consumer will search for a better camera in a smartphone rather than a forking over money for a digital camera.

The convergence of technology will fare well for this once-hot, not-hot, now-warm cellular device maker. With BlackBerry still reeling, Apple phones slowing, and Samsung reaching a plateau, my bet is that Nokia Corporation (ADR) (NYSE:NOK) reemerges as a leader in the cellular industry in a big way. Its namesake already has taken a cavalier stance against its rivals by using the Windows-based phones as a launching pad through Nokia Corporation (ADR) (NYSE:NOK)’s hardware contributions. As a matter of fact, Nokia has tripled year-over-year growth and accounted for approximately 79% of all Windows smartphone sales.

Thankfully, Nokia Corporation (ADR) (NYSE:NOK) presents an ample buying opportunity in spite of the major traction the business has. The stock is trading 25% off of its 52-week high and is building a solid trading base at $3.00. Investors in general have not given Nokia its just due, and point to the negatives on the company’s financial statements. This current quarter will surprise many, in my opinion. As big funds and tech-heavy hedge funds continue to take more “risk on” trades, Nokia should be on the A-list of stocks to buy in those funds. My advice: get in before they do.

The article Three Stocks On Which to Ride the Market’s Momentum originally appeared on Fool.com and is written by Michael Mandala.

Michael Mandala has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Michael is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.

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