stock market

If you follow the stock market, today was an interesting day to be a Nokia investor as the stock jumped over 12% to close at $3.31 a share. For the last 8 weeks, Nokia’s stock has been hovering around the $2.65 mark—sometimes going up slightly, sometimes going down—but always around that price point. But for the last few days, it’s been creeping up with a big explosion today, actually peaking at $3.40 before coming down slightly before the close of the market.

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E*Trade Mobile for Windows Phone is now available over in the Windows Phone Store to help you manage all your stock accounts while you are on the go. The official app for E*Trade offers real-time streaming quotes, the ability to place stock trades and manage your E*Trade account all from your Windows Phone.

Even if you don't have an E*Trade account, the app doesn't look too shabby of an option to keep up with the financial markets.

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Whether you're a heavy stock stalker, or are a simple human being who purchased Facebook shares for fun, you'll want to check out Markets & Me for Windows Phone. So what is Markets & Me all about? It's primarily a stock portfolio management and tracking app that keeps the user up-to-date with alterations in a number of markets.

Markets & Me packs some unique functionality, which compliments the usual stock checking and management. Latest financial headlines are pulled down from Reuters and company events are available in an intuitive view. Specific regions can be selected for this calendar, which will alter what economic events available.

Positions of the user can be imported / exported to the cloud (via SkyDrive), existing Google portfolios can be integrated, and there's a personal interactive chart of stock performances to boot. It's a fairly feature-rich experience with everything the average Joe needs while on the move.

The app boasts a rich Metro interface, which reminds us of Weather Flow and the like. As one can tell with the above shots, Markets & Me isn't an ugly duckling. The app is completely free for the time being, with future versions possibly introducing a premium experience. Version 1.1 is already heading through the Marketplace checks, which will apply a number of bug fixes and improvements.

Check out a quick demonstration of the app in action below.

You can download Markets and Me from the Marketplace for free.

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It started with an open letter from financial analyst Adnaan Ahmad, addressed to CEOs Steve Ballmer (Microsoft) and Stephen Elop (Nokia), explaining the mutual benefits that could arise from the two tech titans teaming up.  What came next was a flurry of rumors that it might happen and show of confidence from stock traders.  In the days since Ahmad posted his letter, Nokia's stock prices have risen more than 4%, a sign that those in the market may be trying to show a vote of confidence in Ahmad's wishful thinking.

Though these rumors have been bubbling ever since Elop left his post at Microsoft to take over as Nokia's CEO, Elop said last week that the phone maker might "create and/or join other ecosystems," lending further credence to possibility.  Spokesmen from both companies have refused to comment on the validity of the rumors, but there is speculation from those in the know that Elop is going to announce the news during an upcoming speech on February 11.

Be it true or not, Nokia needs to do something soon.  They have been steadily declining in market share, and according to some recent analytics, have already lost the number one spot to Android. 

Source: New York Times; Via: Seattle Pi Blogs (Nick Eaton)

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Even though Microsoft appears to be on the cusp of a revolution of consumer devices e.g. Windows Phone 7 and Xbox Kinect, Wall Street seems to be having cold feet when it comes to recommended them for investment.

Seeking Alpha is reporting that just this month FBR, Goldman, Janney Capital, Pacific Crest and Barclays have all issued a 'cut' for Microsoft. Most of this has to do with the news of PC sales leveling off this last quarter, which seems to be negating the other news of Windows 7 being the fastest selling OS in history.

Not all is bad though, as the feeling on Wall Street seems to be that MS is just performing flat for awhile, though we'll see what they have to say come Thursday when they report their earnings.

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As the Asian stock currencies started the week, HTC took a big fall of 6.9%, the large drop since January 27th. Apple Daily (no relation to Apple, Inc) reported about the delay in their paper, though being a Hong Kong daily, sourcing it is pretty difficult. Specifically, it says "Apple Daily reported the company may face a delay in shipments of the Windows Phone 7." No other details given.

Bloomberg goes on to mention that "Chief Financial Officer Cheng Hui-ming and Maggie Cheng, a public relations representative, didn’t answer calls to their mobile phones..." regarding the news.

We're not really sure what delay they are reffering to, nor why Windows Phone 7 was called out. There have been reports that the HTC Desire HD and Z may be delayed due to testing, but this is the first we've heard of Windows Phone 7 in the mix.  We're not sure if this is a "HTC is shipping devices late" or "HTC can't sell devices because Microsoft tooking longer than usual" type situation. We'll keep an ear out for any more info.

Update: This may have something to do with a bug with the HD7's proximity sensor, which resulted in the screen sometimes not shutting off. Read more here at ZDNet.co.uk. Thanks, BCH, for the tip!

Source: Bloomberg, Financial Time; intoMobile

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