Thursday, May 24, 2012

Tuesday’s Stocks to Watch: Nokia, Best Buy

Here are a few stocks to keep on your radar:

  • Shares of Nokia (NYSE:NOK) rose�3.7% in early Tuesday trading after news that the company reached a patent licensing deal with Apple (NASDAQ:AAPL), settling competing lawsuits and ending all litigation between the two companies.
  • Best Buy (NYSE:BBY) gained�nearly 7%�after the company beat Wall Street’s first-quarter profit and revenue estimates. Comparable-store sales fell 1.7%.
  • GT Solar (NASDAQ:SOLR) rose�5.9% after the company boosted its first-quarter revenue and profit expectations above analyst’s current estimates.
  • Cracker Barrel (NASDAQ:CBRL) jumped�7.4% after a disclosure that Biglari Holdings (NYSE:BH) now owned a 9.7% stake in the company.
  • AngioDynamics (NASDAQ:ANGO) tumbled�more than 10%�after the company said its fourth-quarter results would miss current Wall Street forecasts. In addition, CEO Jan Keltjens resigned, effective immediately.

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