Hot News: Nokia Corporation (ADR) (NYSE:NOK), Discover Financial Services (NYSE:DFS)

Lakeway, TX -- (SBWIRE) -- 02/23/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

Nokia Corporation (ADR) (NYSE:NOK) in order to catch up with Apple and Samsung in high-end smartphones is shifting the focus of its turnaround strategy to regaining domination of cheaper handsets.

Is NOK a Buy Opportunity After The Recent Slump? Find Out Here

The company said of introducing cut-price basic phones to compete with the likes of Huawei and ZTE <000063.SZ> and a new, lower-price model of its Lumia smartphone on Monday at the Mobile World Congress convention in Barcelona.

"What they have to do is increase share in the growing smartphone part and also defend market share in the other," said Swedbank analyst Hakan Wranne.

"What's happening now is that the U.S. and Europe, the big smartphone markets, are really approaching saturation where customers will be upgrading to another smartphone or just replacing one that's broken. That's not a growth market."

Nokia sold 4.4 million Lumia devices in the fourth quarter, and analysts say it must more double those sales and offer more mid-range models to convince investors its smartphone strategy is working and it can survive.

For the year 2012, Discover Financial Services (NYSE:DFS) Chairman and Chief Executive David Nelms received $9.96 million in compensation down by 28.3% from the previous year of when he received $13.89 million, due to lower stock awards.

Is DFS Still a Buy After The Recent momentum? Find Out Here

The compensation consisted of base salary of $1 million, $5.78 million in stock awards, $3.13 million in incentive-plan pay and other compensation, according to Discover's annual proxy filed with the Securities and Exchange Commission on Friday.

The previous year compensation consisted of stock awards totaling $9.63 million, which included restricted stock and performance stock units granted for both fiscal 2010 and 2011 due to program changes Discover made in 2010. His most recent compensation includes stock awards for fiscal 2012.

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