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Option Idea of the Week: Seagate Technology PLC (STX)

Fri, 17 May 2013 10:13:00 -0400

Seagate Technology PLC (NASDAQ:STX) has certainly proven its technical mettle in recent months, considering the equity's year-to-date advance of nearly 35%...(Read More)

Stop ‘playing’ the stock market

Fri, 17 May 2013 07:00:12 -0400

Commentary: Investing isn’t a game, no matter how easy it looks.

Why Chanos Rips Seagate

Wed, 15 May 2013 09:37:31 -0400

Lazard Capital Raises Price Target on Seagate Technology; Maintains “Buy” Rating (STX)

Tue, 14 May 2013 09:56:31 -0400

On Tuesday, Lazard Capital reported that it has increased its price target on hard disk drives manufacturer, Seagate Technology (STX). The firm has reiterated a “Buy” rating on STX, and has raised the company’s price target to $48. This price target suggests a 15% upside from the stock’s current price of $40.49. Although there are [...]

Tread Carefully With ETFs With Hard Disk Drive Exposure

Tue, 14 May 2013 08:32:45 -0400

It is tough to malign hard disk drive makers such as Seagate Technology (NYSE: STX) and Western Digital (NYSE: WDC).

Year-to-date, Seagate is up 26 percent while Western Digital has surged over 33 percent. By comparison, the PowerShares QQQ (NASDAQ: QQQ) is up "just" 8.8

Dividend Highlights/Lowlights for May 9

Thu, 09 May 2013 16:42:08 -0400

These were some of the biggest dividend stock performers on the upside and the downside in today’s market action. Highlights Kohl’s Corporation (KSS) – up 3% Xerox (XRX) – up 2% AmBev (ABV) – up 2% AbbVie Inc. (ABBV) – up 2% 3M (MMM) – up 2% Lowlights Activision Blizzard, Inc. (ATVI) – down 6% [...]

PreMarket Info Recap for May 9, 2013

Thu, 09 May 2013 09:19:41 -0400

Have you ever woken up to find that a stock in your portfolio made a dramatic move overnight? Are you interested in learning how to understand each day's post-market and pre-market moves? Veteran traders Joel Elconin and Dennis Dick will give you all of the insights that you'll need to get

Hot Option Plays: Stocks Rally On Encouraging Numbers After Hours

Mon, 06 May 2013 18:17:54 -0400

Cusick’s Corner 05-02-2013 After Hours Stock market averages scored solid gains on a busy day of economic and earnings news Thursday. A number of large caps, including GM, Facebook (FB), Visa (NYSE:V), Seagate Tech (NASDAQ:STX), and Prudential (NYSE:PRU), were higher in the wake of their respective results. On the economic front, data released early showed [...]

Markets at New All-time Highs! Weekly Wrap-Up May 5, 2013: AAPL, GOOG, FB, APC, FDX, SAP, RAX, WDC, STX

Sun, 05 May 2013 13:36:02 -0400

Wow, the markets had a big day on Friday! SPX popped above 1600, for the first time ever, and almost hit 1620 intraday, and closed at 1614.42. The Dow tested 15,000, but, couldn’t hold and closed just below. Nasdaq had a strong breakout, testing 3380. More money seems to be funneling into the markets. Earnings [...]

LinkedIn an outlier as tech stocks rally

Fri, 03 May 2013 10:54:26 -0400

Online professional networking company’s shares fall on outlook. Apple, Amazon and most of the rest of the sector climbs along with the broad market.

Market Wrap-Up for May 2 (V, PRU, MET, IP, K, more)

Thu, 02 May 2013 16:04:34 -0400

Just as the seeds for a healthy pullback were starting to grow, the ECB decided to lower interest rates and once again, the liquidity missile hits the target as equities resume their historic run (more on this thought below). Earnings were the main source of news moving stocks today. On the upside, credit card processor [...]

Seagate Beats Earnings, Rev Down – Analyst Blog

Thu, 02 May 2013 14:27:01 -0400

Seagate Technology plc reported third-quarter 2013 earnings per share of $1.26, which exceeded the Zacks Consensus Estimate of $1.19.

Hot Option Plays: Upbeat Morning, VIX Below 14 Midday

Thu, 02 May 2013 13:18:14 -0400

Cusick’s Corner 05-02-2013 Midday Stock market averages are holding gains on a busy morning of economic and earnings news Thursday. Data released early showed jobless claims at 324,000 last week, down from 342,000 and much better than the 346,000 that was expected. The report held some sway because it comes ahead of key monthly jobs [...]

UPDATE: Bank of America Raises PT on Seagate Technology PLC Following Healthy F3Q13 Results

Thu, 02 May 2013 12:31:25 -0400

In a report published Thursday, Bank of America analyst Scott D. Craig reiterated a Neutral rating on Seagate Technology PLC (NASDAQ: STX), and raised the price target from $40.00 to $45.00.

In the report, Craig noted, “Consistent with WD's healthy F3Q13 results, Seagate posted revenue/EPS upside of 4%/9% in

24/7 Wall St. Closing Bell — Thursday: Markets Open Higher, S&P Posts Another All-time High

Thu, 02 May 2013 12:09:00 -0400

DailyFinance.com: U.S. equity markets opened higher this morning, buoyed by a smaller-than-expected total of new claims for unemployment benefits in the U.S. (more coverage here). The U.S. trade deficit also fell while unit labor costs rose by less than analysts ... Read more

Facebook, Yelp spur tech gains; Intel slips

Thu, 02 May 2013 11:14:36 -0400

Facebook and Yelp march higher on Thursday morning following strong quarterly results. Chip giant Intel slips as it names new CEO.

Thursday’s movers: Facebook, Yelp headline winners

Thu, 02 May 2013 10:26:41 -0400

Facebook and Yelp rally on Thursday after releasing quarterly results which showed improvements in the first quarter.

Seagate Technology Q3 Profit Plummets on Smaller Revenue; Beat Estimates (STX)

Thu, 02 May 2013 10:19:08 -0400

Hard drive marker Seagate Technology plc (STX) reported late on Wednesday that it saw a significant drop in third quarter profit, as revenues declined due to the weak sales of PCs. However, shares spiked in trading on Thursday because STX earnings and revenue topped Wall Street estimates. The Dublin, Ireland-based company posted a third quarter [...]

Stocks Hitting 52-Week Highs

Thu, 02 May 2013 10:03:45 -0400

Seagate Technology Public Limited Company (NASDAQ: STX) shares gained 6.82% to touch a new 52-week high of $39.46. Seagate reported upbeat FQ3 results.

Shutterfly (NASDAQ: SFLY) shares reached a new 52-week high of $47.32 on Q1 results.

Renewable Energy Group (NASDAQ: REGI) shares reached a new

Seagate Technology Rises After Q3 Results

Wed, 01 May 2013 17:48:17 -0400

Hard-drive maker Seagate Technology (NASDAQ: STX) released its fiscal third-quarter earnings results after the closing bell on Wednesday. In late trading, the stock was last up more than 2 percent to $37.75.

The company reported net income of $416 million or $1.13 per share, a sharp decline from the

Five Companies' Implied Earnings Move For After the Bell

Wed, 01 May 2013 15:43:43 -0400

Companies are typically more volatile when they report earnings than many other times during the year. By using option pricing, we can estimate where the market is pricing the current move.

Below are five companies that report quarterly earnings after the stock market closes. Based on the straddle price (closest

24/7 Wall St. Closing Bell — Wednesday: Markets Cannot Shake-off Low Open and Sink to Close

Wed, 01 May 2013 12:08:00 -0400

DailyFinance.com: U.S. equity markets opened lower this morning following a weaker-than-expected employment report from ADP and concern that Friday's report from the Bureau of Labor Statistics will follow the ADP lead (more coverage here). In other U.S. data out ... Read more

US Stock Futures Slightly Higher Ahead Of Economic Data

Wed, 01 May 2013 06:09:30 -0400

US stock futures are slightly higher this morning. Futures for the Dow Jones Industrial Average surged 3 points to 14,751.00 and S&P 500 index futures rose 2 points to 1,594.20. Nasdaq 100 futures gained 3.75 points to 2,883.75.

US stocks closed higher on Tuesday, with the Dow Jones Industrial Average gaining

Facebook, Comcast are Wednesday’s stocks to watch

Wed, 01 May 2013 05:41:00 -0400

Facebook, Comcast, and Time Warner are among the big names headlining Wednesday’s earnings.

Earnings Scheduled For May 1, 2013

Wed, 01 May 2013 04:58:06 -0400

Mastercard (NYSE: MA) is projected to report its Q1 earnings at $6.17 per share on revenue of $1.93 billion.

Time Warner (NYSE: TWX) is estimated to report its Q1 earnings at $0.74 per share on revenue of $7.12 billion.

The Clorox Company (NYSE: CLX) is expected

Earnings Expectations for the Week of April 29

Sun, 28 Apr 2013 17:31:00 -0400

First-quarter results from General Motors (NYSE: GM) will be one of the highlights on the earnings front this week.

Analysts anticipate that the carmaker will say Thursday its revenue slipped about three percent from a year ago to $36.60 billion, but that earnings fell from $0.93 per share

Whither Sales Growth? Cheap Stocks That Have It

Fri, 26 Apr 2013 13:51:03 -0400

Benzinga's M&A Chatter for Wednesday April 10, 2013

Wed, 10 Apr 2013 17:44:19 -0400

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday April 10, 2013:

Report Deutsche Telekom to Improve Bid for MetroPCS

The Rumor:Shareholders of Deutsche Telekom (OTC: DTEGY) would prefer the company to improve its offer for MetroPCS (NYSE: PCS), rather than see

Can J.C. Penney’s Ullman pull a Steve Jobs?

Wed, 10 Apr 2013 15:19:43 -0400

J.C. Penney tried to steal some of Apple’s magic when it poached Apple retail guru Ron Johnson to be its CEO. And the company seems to be trying again with Myron “Mike” Ullman, the retailer’s once and future CEO.

LSI, Intel Team Up – Analyst Blog

Wed, 10 Apr 2013 10:40:01 -0400

LSI Corp. recently signed an original equipment manufacturer agreement with the chip-giant Intel Corp.

Google rises; Pandora hits new milestone

Tue, 09 Apr 2013 10:36:13 -0400

Internet kingpin expected to show off Austin as next Google Fiber city. Online radio leader reaches 200 million registered listeners in the U.S.

(ORCL) Economic Data Turns Market Bearish – Earnings Preview

Sun, 07 Apr 2013 14:51:45 -0400

The market’s mood appears to have shifted following the recent run of weak economic data, with...

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Barron's Recap (3/30/13): Michael Dell's Folly

Sun, 31 Mar 2013 14:17:01 -0400

This weekend in Barron's online: the drama over a buyout for Dell, beneficial share buybacks, outraged Russian investors, and the prospects for Eaton, STMicroelectronics and Ruby Tuesday.

Cover Story

"Michael Dell's Folly" by Andrew Bary.

Now that Blackstone Group (NYSE: BX) and activist investor Carl Icahn have submitted preliminary offers

Market Wrap for Tuesday, March 26: Stocks Recoup Monday's Losses; Dow Adds 112

Tue, 26 Mar 2013 16:21:09 -0400

Investors pushed the major averages higher on Tuesday a day after the market fell in the wake of a bailout for Cyprus.

Sentiment was boosted by a series of economic reports in the United States that showed the housing market is on the mend and the economy remains stable. Consumer confidence

Seagate, Western Digital Shares Rally as Brean Analyst Sees Potential for Gross Margin Improvement in March Qtr.

Tue, 26 Mar 2013 11:47:11 -0400

Shares of Seagate (NYSE: STX) and Western Digital (NYSE: WDC) are up about 4 percent Tuesday morning following some bullish comments from Brean Capital's Ananda Baruah. Baruah said recent checks are working in favor of his long thesis.

The analyst said average selling prices are currently

(ORCL) A Breather Before Q1 Earnings Deluge – Earnings Preview

Sat, 23 Mar 2013 18:18:39 -0400

The first quarter earnings season has gotten underway, though it will take a few more weeks for the...

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Cyprus is ‘Too Small to Matter’ – Ahead of Wall Street

Fri, 22 Mar 2013 10:40:01 -0400

As far as markets are concerned, Cyprus is nothing more than background noise: 'too-small-to-matter.'

Barron's Recap (3/16/13): A New Way to Play Emerging Markets

Sat, 16 Mar 2013 11:46:51 -0400

This weekend in Barron's online: a more sophisticated strategy for investing in emerging markets, an ETF special report, and the prospects for The Pantry and Globe Specialty Metals.

Cover Story

"Emerging Markets: The Next Wave" by Reshma Kapadia.

A more complicated global economy calls for a more sophisticated strategy for investing

Apple’s up but most techs follow market south

Fri, 15 Mar 2013 10:08:25 -0400

Apple stock gets support Friday despite Samsung’s latest volley. Losers include AOL, eBay and Angie’s List.

Western Digital Invests in Skyera – Analyst Blog

Thu, 14 Mar 2013 18:54:01 -0400

Sensing the opportunity for growth, Western Digital Corp. has made a strategic investment in Skyera Inc.

Dividend Highlights/Lowlights for March 12

Tue, 12 Mar 2013 16:35:58 -0400

These were some of the biggest dividend stock performers on the upside and the downside in today’s market action. Highlights Seagate Technology (STX) – up 5% Valero Energy Corporation (VLO) – up 4% Western Digital (WDC) – up 4% Merck (MRK) – up 3% Broadcom Corp (BRCM) – up 3% Lowlights PVH Corp. (PVH) – [...]

Apple, Red Hat, VeriFone highlight tech trading

Tue, 12 Mar 2013 10:28:51 -0400

Jefferies analyst cuts price target on Apple, while Citigroup lowers its view on Red Hat. VeriFone gains after company replaces its CEO.

Dividend Highlights/Lowlights for March 11

Mon, 11 Mar 2013 16:37:11 -0400

These were some of the biggest dividend stock performers on the upside and the downside in today’s market action. Highlights Canon, Inc. (CAJ) – up 4% Ford Motor Company (F) – up 3% Seagate Technology (STX) – up 2.5% Potash Corp (POT) – up 2% Avon Products (AVP) – up 2% Lowlights Valero Energy Corporation [...]

As tech sector goes for an upgrade, it is time to invest

Fri, 08 Mar 2013 09:53:49 -0500

By John Wasik (Reuters) – Despite the drama concerning U.S. agencies potentially dimming lights due to the sequester saga, global companies are brightening the scenario for technology purchasing. That could spark a turnaround in the sluggish sector. Telecommunication services and information technology are laggards in the U.S. stock market’s current bull rally, up only 3.6 [...]

Hot Option Plays: Let It Snow After Hours

Wed, 06 Mar 2013 13:18:15 -0500

Cusick’s Corner 03-04-2013 After Hours Until there’s any challenge to mid-term support, the trend remains up. So what we need to watch in the mid-term, our canaries, the Small- and Mid-Caps. As mentioned last week, if weakness or strength is going to take hold then these should chirp first. A break in the Small Caps, [...]

Top 4 NASDAQ Stocks In The Data Storage Devices Industry With The Highest ROE

Tue, 05 Mar 2013 04:10:35 -0500

Below are the top data storage devices stocks on the NASDAQ in terms of return on equity.

The trailing-twelve-month return on equity at Seagate Technology Public Limited Company (NASDAQ: STX) is 101.19%. Seagate's revenue for the same period is $16.33 billion.

The trailing-twelve-month return on equity at Western Digital (NASDAQ:

Hot Option Plays: China Watching Sequestration Midday

Mon, 04 Mar 2013 14:17:53 -0500

Cusick’s Corner 03-04-2013 MiddayAfter watching the program “60 Minutes” last night, I now think that the Chinese are more worried about sequestration than we are in the US. If you missed that piece it was on the real estate boom in newly established cities in China that are becoming more of a potential bust, but [...]

5 Foreign Stocks You Can Snap Up at Bargain-Basement Prices

Sat, 02 Mar 2013 00:00:00 -0500

DailyFinance.com: (Bloomberg / Getty Images)Many of us find the prospect of investing in international stocks scary. With all the news lately about Europe's financial crisis and a big slowdown in emerging-market economies like China, that fear may seem justified. But ... Read more

Intel, Autodesk rise in mixed tech action

Tue, 26 Feb 2013 10:56:21 -0500

Chipmaker gains after opening foundries to Altera; design-software maker rises following quarterly results.

(MRVL) Marvell Technology Group Fourth Quarter Looking Soft?

Tue, 19 Feb 2013 14:03:04 -0500

Marvell Technology Group (MRVL) is set to report its fourth quarter 2013 results on Feb 21. In the...

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