Why Nokia Stock’s Rally Could Continue

There aren’t galore European stocks arsenic blistery arsenic Nokia this year.

The U.S.-listed shares (ticker: NOK) of the Finnish telecom-equipment shaper person surged 60% this twelvemonth to a caller $6.28. The communicative is elemental enough—telecom operators astir the satellite are upgrading their instrumentality to enactment faster 5G technology. Nokia is 1 of a fistful of companies to marque that equipment, and a cardinal rival, Huawei, is blocked from the U.S. and a fig of different Western countries implicit national-security concerns.

The...