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Stock Market & Financial Investment News

News Breaks
March 14, 2014
09:20 EDTSTX, WDCSeagate on track for March guidance, says Needham
Needham calls Seagate (STX) and Western Digital (WDC) "bastions of stability" amid the uncertain macro and political environment. The firm sees stable demand in the hard disk drive space and thinks Seagate is on track for its March guidance. Needham has a Buy rating on the stock with a $62 price target.
News For STX;WDC From The Last 14 Days
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May 19, 2015
12:55 EDTSTX, WDCPC related stocks struggle after Morgan Stanley says PC turn won't come until Q3
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08:33 EDTSTX, WDCMorgan Stanley cautious in near-term on PC names
Morgan Stanley is more cautious on PC names near-term, given PC and HDD inventory builds quarter-to-date and weaker April ODM sales. The firm's analyst team continues to believe Q1 was a bottom in year-over-year growth, but now expects normal Q2 seasonal growth instead of above normal and thinks any recovery will likely be delayed until Q3. Morgan Stanley is cautiously optimistic on Western Digital (WDC) due to its diverse revenue drivers, sees value creation catalysts for Hewlett-Packard (HPQ) and believes Microsoft (MSFT) shares reflect the challenging PC market and Win 10. The firm is more cautious on semis such as NVIDIA (NVDA) given higher valuations, share loss at Advanced Micro (AMD), potential 2H margin pressure at Intel (INTC), and Morgan is cautious on PC DRAM stocks near-term due to weaker pricing.
May 15, 2015
07:04 EDTWDCWestern Digital can reach $10+ EPS in fiscal 2017, says RBC Capital
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