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Stock Market & Financial Investment News

News Breaks
July 10, 2014
09:13 EDTHPQ, STX, WDCHP Western Digital Seagate to benefit from PC rebound, says RBC Capital
After Gartner estimated that PC sales were flat year-over-year in Q2, RBC Capital believes that PC shipments are rebounding and predicts that PC demand will continue to improve going forward. The firm says that HP (HPQ), Western Digital (WDC) and Seagate (STX) are the most notable beneficiaries of this trend. It keeps Outperform ratings on Seagate and Western Digital and a Sector Perform rating on Hewlett-Packard.
News For HPQ;WDC;STX From The Last 14 Days
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April 20, 2015
07:38 EDTSTXBrean Capital still sees Seagate as a favorite secular long
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April 17, 2015
10:14 EDTSTXOptions with decreasing implied volatility
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09:26 EDTSTXSeagate sees Q4 revenue $3.2B-$3.3B, consensus $3.4B
Sees Q4 addressable market to be relatively flat with Q3. Sees Q4 margins approximately 28.5%. Sees Q4 operating expenses at $555M. CEO Stephen Luczo stated that the second half of FY15 will be stronger than the first half, with demand coming from the PC market, seasonal gaming demand, and continued stability in the enterprise market with potential upside from hyper scale deployments. Guidance provided during Q4 earnings conference call.
08:04 EDTSTXSeagate reports Q3 EPS adjusted $1.08, consensus $1.04
Reports Q3 revenue $3.3B, consensus $3.4B. “In light of dynamic market conditions this quarter we are quite satisfied with our operational performance and ability to return value to shareholders,” said Steve Luczo, Seagate’s chairman and CEO. “Near-term macro uncertainty is affecting certain areas of our addressable market however we remain optimistic that market demand for exabytes of storage will continue to increase over the long-term. Looking ahead, we are focused on aligning our storage technology portfolio effectively to capitalize on market growth opportunities, demonstrating operating profitability and returning value to shareholders.”
April 16, 2015
15:44 EDTSTXSeagate April 56 straddle priced for 4.7% movement into Q3
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15:23 EDTSTXNotable companies reporting before tomorrow's open
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15:20 EDTSTXSeagate technical notes before earnings
The stock on a long-term basis, 5-year chart, has broken its uptrend support line at the 50-week moving average. If the news is more bullish than expected, that moving average could come into play as resistance. That would put the first significant upside test at $59.24. Resistance above that would be at $63.39. If the news is more bearish than expected, the first significant area of support would be at $51.05, a recent pivot low. The $50 level has been important support through the prior year. A breakdown before that level would therefore be particularly bearish. Next support below $50 would be at $48.49, the 52-week low.
06:31 EDTWDCWestern Digital assumed with an Overweight at JPMorgan
Price target lowered to $105 from $115.
06:31 EDTSTXSeagate assumed with a Neutral at JPMorgan
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April 15, 2015
10:00 EDTSTX, WDCOn The Fly: Analyst Initiation Summary
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07:58 EDTHPQTsinghua confirms talks for controlling stake in HP unit in China, WSJ reports
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06:07 EDTSTXSeagate initiated with a Buy at Maxim
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06:07 EDTWDCWestern Digital initiated with a Buy at Maxim
Target $131.
05:10 EDTHPQHP selects Antonio Lucio as Chief Marketing Officer of HP Inc.
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April 14, 2015
10:01 EDTSTX, WDCOn The Fly: Analyst Upgrade Summary
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07:47 EDTHPQHP announces new $190M Medicaid contract in Arkansas
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06:25 EDTWDCWestern Digital upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill upgraded Western Digital to Buy and maintained its $117 price target. The firm believes fundamentals have bottomed and valuation is attractive at current levels. BofA/Merrill lowered estimates on further PC weakness but said pricing is holding up and the mix shift to capacity HDDs is driving ASP and margin improvement.
06:25 EDTSTXSeagate upgraded to Neutral from Underperform at BofA/Merrill
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April 13, 2015
19:43 EDTHPQHP reaffirms commitment to the public cloud
In a blog post on HP's website, senior VP Bill Hilf said, "In the past week, a quote of mine in the media was interpreted as HP is exiting the public cloud, which is not the case." Reference Link
07:24 EDTWDCWestern Digital added to Franchise Pick List at Jefferies
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