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MarketFoolery

MarketFoolery: 01.10.2013

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 10 January 2013

⏱️ 13 minutes

🧾️ Download transcript

Summary

Nokia reports surprising results. Ford doubles its dividend. And Tiffany reports sluggish holiday sales.

Transcript

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0:00.0

It's Thursday January 10th.

0:04.0

Welcome to Market Fullry.

0:05.0

I'm Chris Hill joining me in studio today from Motley Full 1,

0:07.4

Jason Moser and for a million dollar portfolio, Charlie Travers.

0:10.7

Happy Thursday guys.

0:11.7

Hey, hey Chris. We're going to talk Ford Motor. We're going to talk

0:14.4

about the ripple effects from holiday retail, but we're going to start with technology.

0:19.1

Shares of Nokia up more than 16% this morning after the company pre-announced quarterly results.

0:25.4

They sold 4.4 million Loomia phones, or I should say they shipped 4.4 million Loomia phones.

0:31.6

Charlie, that's not a huge number when you consider earlier in the week we were talking about

0:35.8

Samsung selling 62 million but this is about expectations and this is

0:40.4

seems like it was more than people were expecting.

0:42.8

Yeah, it really was. I think people didn't know what to expect when the Windows

0:46.4

8 phones came out last November and really Nokia was sink or swim on how well these

0:51.4

did and apparently this was good enough to please the market.

0:54.8

I have a 920 phone myself.

0:57.1

I think it's awesome so I think the turnaround here is for real and I think this is momentum

1:01.7

that they're going to carry throughout the year.

1:03.0

You're also a shareholder.

1:04.0

I am. I'm floating over here a little bit.

1:07.0

You just have a big old grin on your face.

1:09.0

It was an awful 2012 for the most part, but this year's shaping up real well so far.

...

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