Nokia (NOK)

With the 5G network gaining traction around the world, Nokia has an opportunity to reclaim its former dominance.

Furthermore, the recent shift in many governments' attitudes toward using Huawei equipment to build those 5G networks gives the company an advantage.

However, because this rollout will take time, investors should keep an eye on how Nokia strengthens its balance sheet in the meantime. Late last year, the company discontinued its dividend in order to focus funding on the development of 5G infrastructure, and it has slowly but steadily clawed its way to positive free cash flow.

If Nokia can demonstrate that it has its house in order and is well positioned to capitalize on the opportunities that have been presented to it, its low price point today may look like a steal in a few months.

Stock Price is US $ 3.28.

Founded: 1865
Market Cap: 33.158B
Website: www.nokia.com