I think it is simply a case of very low expectations.  Suri has an opportunity to get some cred by delivering a decent quarter, but more importantly good guidance.  With expectations as low as they are, the stock could do well if (a big if) management has executed well this past quarter.  What investors want to hear is when the sector begins to grow again, plainly and simply.

Nokia has been delivering news which admitedly seem like feel good but little substance for the near term, however, some may pay off over the very long term.  

The troubles that ZTE has encountered with the US, could also help at the margins.

lt cap,

thanks for the roundup. I had been wondering whether companies like NOK might benefit from the US trade war. But IIRC, it wasn't long after Trump banished ZTE into foretold bankruptcy that he changed his mind and lowered the barrier to survival, even possibly thriving. That's what worries me most about him - he can change his mind 10 times in 5 minutes, and doesn't know what the word 'policy' means. That kind of uncertainty can create un-fixable economic and trade distruptions. And I can't see it being popular with much of anyone if he's able to throw this 'perfect' economy into ruin. Altho, by the time the economic implications begin to hit, we'll be past November, and he can blame it on the sane people who voted for the Democrats. Smooth.

It's also interesting to me that earlier in his administration, there was the comforting illusion that the 'adults' that surrounded him would keep him from doing something monumentally dangerous or stupid.  I dont' hear anyone saying that now. Larry Kudlow? A 'TV personality' like Trump, not a competent economist. Although Kudlow knows a good thing when he sees it: Two high-class hookers and a mountain of cocaine in a Manhattan hotel bedroom. Too bad he got arrested for it.

Agree with everything you said about Trump.  It will continue to be a wild ride.

FYI:  NOK reports on July 26th