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Stock Market & Financial Investment News

News Breaks
November 27, 2012
12:52 EDTSTX, WDC, HPQ, DELLPC sector stocks retreat after firm warns on emerging markets
A number of stocks related to PCs are sliding after research firm CSLA warned that PC sales in emerging markets are slowing more than it had previously expected. In a note to investors this morning, CLSA analyst Nicolas Baratte reported that sales of computer notebooks and netbooks in emerging markets dropped 1% in the third quarter compared with the same period in 2011. Sales of PCs to emerging market companies sank 7%, and worldwide sales of desktops tumbled 10% in the third quarter, the analyst added. Furthermore, the analyst expects PC sales in developed markets to decline by 9% in 2012 and continue dropping in coming years. On a positive note, Baratte expects PC sales in emerging markets to begin growing again during the current quarter, before jumping 9% in 2013. The analyst continues to have a cautious view of Hewlett Packard (HPQ), Dell (DELL), Seagate Technology (STX), and Western Digital (WDC), and he added that Dell and Hewlett Packard seem to be unable to recover from sizable share losses in the PC market. Baratte maintains Underperform ratings on Seagate, Western Digital, and Hewlett-Packard, and an Outperform rating on Dell. Meanwhile, a decision by Seagate CFO Patrick O'Malley to sell 57,280 shares of the company's stock may also be weighing on Seagate in particular and the sector in general. O'Malley sold the shares on November 21, but the transaction was revealed in an SEC filing last night. In early afternoon trading, Seagate fell 4.59% to $26.09, Western Digital gave back 2.67% to $34.85, Dell slid 1.61% to $9.78, and Hewlett-Packard dropped 1.65% to $12.53.
News For STX;WDC;HPQ;DELL From The Last 14 Days
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July 16, 2014
10:00 EDTWDCOn The Fly: Analyst Upgrade Summary
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09:37 EDTHPQActive equity options trading on open
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09:15 EDTWDCWestern Digital upgraded at RW Baird
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08:55 EDTHPQBarclays tech hardware analyst holds an analyst/industry conference call
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08:05 EDTHPQHP has positive read through from Intel results, says Pacific Crest
Pacific Crest has an upward bias on its estimates for HP (HPQ) following Intel's (INTC) positive comments on the PC market. The firm thinks that HP's stock could jump another 20% if enterprise PC fundamentals continue to improve. It keeps an Outperform rating on HP.
06:06 EDTWDCWestern Digital upgraded to Outperform from Neutral at RW Baird
July 15, 2014
10:00 EDTSTX, WDCOn The Fly: Analyst Initiation Summary
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08:09 EDTHPQRalph Whitworth taking leave of absence at Relational INvestors
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08:05 EDTHPQHP announces interim chairman Whitworth resigns for health reasons
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08:02 EDTHPQHP announces resignation of chairman Ralph Whitworth
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06:27 EDTHPQHP looks to crack tablet market in India with phablets, India Times reports
HP has aggressive plans to crack the tablet market in India by breaking into the phablet space, reports the India Times. The company's VP Ivy Liang said the company wants to "crack the right products in the phablet market" as it looks to expand its wings in the Indian market following the moderate success of HP Slate Voice Tabs. HP will now also explore telecom channels for the phablet go-to-market route. Reference Link
06:06 EDTHPQHP implied volatility of 21 at lower end of index mean range
July 14, 2014
16:40 EDTWDCWestern Digital initiated with a Positive at Susquehanna
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16:39 EDTSTXSeagate initiated with a Positive at Susquehanna
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11:21 EDTWDCWestern Digital added to short-term buy list at Deutsche Bank
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11:21 EDTHPQHP added to short-term buy list at Deutsche Bank
08:34 EDTHPQ, WDC, STXPC market stability could be short-lived, Reuters says
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06:59 EDTWDCWestern Digital price target raised to $118 from $100 at Deutsche Bank
Deutsche Bank raised its price target for Western Digital shares to $118 on expectations PC market strength will continue and that enterprise will recover in the second half of 2014. Deutsche expects Western Digital to report June quarter results above guidance due to market share gains and it keeps a Buy rating on the stock.
06:57 EDTSTXSeagate price target raised to $74 from $64 at Deutsche Bank
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July 11, 2014
08:49 EDTHPQ, STX, WDCJune CIO survey indicates strong 2H, says Morgan Stanley
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