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Stock Market & Financial Investment News

News Breaks
December 5, 2012
15:33 EDTSTXSeagate breaks out above its 10-day moving average, levels to watch
The shares are breaking out today along with peers such as Western Digital (WDC). The stock is up over 4.3% at time of writing, trading well above the 10-day moving average. The 10-day had been a proxy for downtrend resistance. At the current price of $27.60, next resistance is at $28.01, and then at $29.19. Support is at $27.44.
News For STX From The Last 14 Days
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May 19, 2015
12:55 EDTSTXPC related stocks struggle after Morgan Stanley says PC turn won't come until Q3
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08:33 EDTSTXMorgan 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.

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