Movement Alert|Nokia Oyj Rises 3.21% in Pre-Market Trading, S&P Upgrades Outlook to Positive Amid Q2 Earnings Beat

Market Focus08-04

On August 4, Nokia Oyj rose 3.21% in pre-market trading, trading at $9.66/share, with turnover of $5.07 million.

On the news front, S&P recently upgraded Nokia's credit outlook from \"stable\" to \"positive,\" confirming the \"BBB-\" rating, citing business diversification and stable cash flow. Additionally, the company's Q2 results significantly exceeded expectations, with comparable operating profit rising 18% year-over-year to EUR 434 million, well above the market consensus of EUR 382 million. AI and cloud business orders reached EUR 2.8 billion, with sales more than doubling year-over-year.

The company simultaneously raised its full-year adjusted operating profit guidance to EUR 2.1 billion to EUR 2.6 billion, reflecting optimism regarding AI-related demand. In the options market, the Call/Put volume ratio reached 2.63, indicating bullish sentiment, while large block trades on far-dated $10 calls suggest expectations of further upside, with protective put positions reflecting a cautiously optimistic stance overall.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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