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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 18, 2014
07:40 EDTSTXSeagate shares could trade as high as $100, says Brean Capital
Brean Capital remains bullish on Seagate following its Q4 results. The firm expects solid industry demand and improved gross margins and believes the company's revenue guidance is conservative. The firm has a Buy rating and $70 price target on Seagate, but said its stock could trade as high as $100 if earnings, free cash flow, and enterprise value hit the top end of its potential range.
07:25 EDTSTX, WDCWestern Digital has positive read through from Seagate results, says RBC Capital
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July 17, 2014
18:31 EDTSTXOn The Fly: After Hours Movers
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17:56 EDTSTX, WDCWestern Digital down 1.2% after peer Seagate reports Q4 results
17:52 EDTSTXSeagate comes off after hours lows after Q1 revenue guidance
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17:49 EDTSTXSeagate sees Q1 revenue at least $3.55B, consensus $3.54B
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16:13 EDTHPQHP appoints Whitman Chairman, Alcoa's Kleinfeld joins board
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16:09 EDTSTXSeagate falls after results, levels to watch
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16:02 EDTSTXSeagate reports Q4 EPS $1.10, consensus $1.10
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15:26 EDTSTXNotable companies reporting after market close
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11:54 EDTSTXStocks with call strike movement; SNDK STX
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08:14 EDTSTXSeagate July weekly volatility elevated into Q2 and outlook
Seagate July weekly call option implied volatility is at 47, August is at 31, September is at 26, December is at 25; compared to its 26-week average of 33 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on July 21.
06:28 EDTHPQHP increasing fire-safety audits in China, WSJ reports
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July 16, 2014
16:00 EDTHPQOptions Update; July 16, 2014
iPath S&P 500 VIX Short-Term Futures down 70c to 27.25. Option volume leaders: AAPL FB GOOG AMZN TWTR TSLA C HPQ TWX INTC AMZN according to Track Data.
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
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