Market Overview

4 Nordic Stocks That Actually Trade With Volume In The US

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Nordic stocks have had a surprisingly strong 2020. 

The FTSE Nordic 30 Index, which tracks the performance of the 30 largest and most liquid companies in Sweden, Denmark, Norway, and Finland, is up nearly 10% year-to-date, more than the S&P 500 and every other major European index. 

Here are four stocks based in the Nordic countries that have active ADRs in the U.S. for investors to participate in. 

Finland- Nokia (NYSE: NOK)

The Espoo, Finland-based company is a global provider of telecom hardware and software. NOK has an average trading volume of nearly 30 million shares over the last 50 days, making it one of the more actively traded nordic companies in the U.S. 

Nokia is scheduled to report Q3 earnings on Oct. 29 before the opening bell. Last quarter the company reported earnings per share of $0.07 on revenue of $5.608 billion. The EPS was above analyst estimates, while the sales number was below. 

NOK is up 5% year-to-date.

Sweden- AstraZeneca PLC (NASDAQ: AZN)

Sweden-based AstraZeneca has spent a lot of 2020 in the headlines thanks to its COVID-19 vaccine efforts in conjunction with the University of Oxford. The company is currently among the participants in Operation Warp Speed and has received up to $1.2 billion in support from the U.S. government. 

AZN has an average trading volume of nearly 4 million shares over the last 50 days, with much of that volume coming on days that the company has announced vaccine news. 

AZN is up 10% year-to-date.

Denmark- Novo Nordisk (NYSE: NVO)

Novo Nordisk is a pharmaceutical company based in Denmark with a specific focus on developing drugs to treat diabetes and obesity. The company also has a biopharmaceuticals segment that focuses on hemophilia and hormone disorders. 

NVO has an average trading volume of nearly 950,000 shares over the last 50 days. The company recently raised its sales growth guidance for 2020, saying they expect sales to grow between 5-8% year-over-year. The stock is up 25% year-to-date. 

Norway- Norsk Hydro (OTCQX: NHYDY)

Norway-based Norsk Hydro is a metals company. The company’s primary business is in the mining and production of aluminum. It’s six segments are Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, Extruded Solutions, and Energy.

NHYDY averages roughly 30,000 shares traded per day. Though that figure is far lower than the others on this list, NVO remains one of the most actively traded Norwegian ADRs (Norwegian investors: kjøpe aksjer) in the U.S. NHYDY is down 24% year-to-date. 

 

 

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