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WDC

Western Digital

$45.45

0.33 (0.73%)

13:45
11/20/18
11/20
13:45
11/20/18
13:45

Western Digital call volume above normal and directionally bullish

Bullish option flow detected in Western Digital with 22,015 calls trading, 3x expected, and implied vol increasing almost 8 points to 57.96%. Dec-18 35 puts and Dec-18 50 calls are the most active options, with total volume in those strikes near 7,000 contracts. The Put/Call Ratio is 0.60. Earnings are expected on January 24th.

  • 04

    Dec

WDC Western Digital
$45.45

0.33 (0.73%)

11/12/18
LBOW
11/12/18
NO CHANGE
LBOW
Neutral
Earnings commentary shows 'ample evidence' of hyperscale caution, says Longbow
Longbow analyst Joe Wittine said that Microsoft (MSFT) signaled along with its earnings report that growth in investments would moderate, Amazon (AMZN) highlighted a focus on driving data center efficiencies, Alphabet (GOOGL) is understood to be eh "the largest driver" of Seagate's (STX) lowered outlook and Apple (AAPL) expects FY19 capex of $14B, down from this year's $16.7B. Wittine sees all of this as "ample evidence of increased caution in the hyperscale investment cycle," which leads his to believe his Neutral ratings on both Seagate and Western Digital (WDC) remain appropriate.
11/20/18
SUSQ
11/20/18
DOWNGRADE
SUSQ
Neutral
Western Digital downgraded to Neutral from Positive at Susquehanna
11/20/18
SUSQ
11/20/18
DOWNGRADE
Target $44
SUSQ
Neutral
Western Digital downgraded to Neutral with $44 price target at Susquehanna
As reported previously, Susquehanna analyst Mehdi Hosseini downgraded Western Digital to Neutral from Positive. The analyst said he has lost confidence in the company's ability to benefit from SSD substitution of HDDs. He noted the shares are down 50% since March, reflecting weak NAND trends exacerbated by softening HDD fundamentals. His downgrade reflects a loss of confidence in management's ability to navigate the downturn into 2019, said Hosseini, who lowered his price target to $44 from $120 on Western Digital shares.
11/20/18
11/20/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Exxon Mobil (XOM) downgraded to Underperform from Market Perform at Raymond James with analyst Pavel Molchanov saying Exxon Mobil is "one of the least appealing ways to play" the firm's bullish oil call, particularly following the recent oil price selloff. 2. Skyworks (SWKS) downgraded to Underperform from Neutral at BofA/Merrill with analyst Vivek Arya citing limited content gains in 2019 iPhones. 3. Micron (MU) downgraded two notches to Underperform from Outperform at Baird with analyst Tristan Gerra saying he now models eight consecutive quarters of gross margin and EPS contraction given the continued deterioration in both DRAM and NAND memory pricing. 4. Nvidia (NVDA) downgraded to Underperform from Neutral at Exane BNP Paribas. 5. Western Digital (WDC) downgraded to Neutral from Positive at Susquehanna with analyst Mehdi Hosseini saying he has lost confidence in the company's ability to benefit from SSD substitution of HDDs. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

BMY

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SIR

Select Income REIT

$17.72

-0.52 (-2.85%)

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Select Income REIT

$17.72

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Government Properties

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Select Income REIT

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U.S. stocks could rally about 10% in 2019, Barron's says »

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SPX

S&P 500

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TOL

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$32.23

-0.4 (-1.23%)

, ET

Energy Transfer LP

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-0.5 (-3.43%)

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Alphabet, Apple among top stock picks for 2019, Barron's says »

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TOL

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ET

Energy Transfer LP

$14.08

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DAL

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DDAIF

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$0.00

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CVX

Chevron

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CAT

Caterpillar

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BLK

BlackRock

$382.25

-5.29 (-1.37%)

BAC

Bank of America

$24.49

0.1 (0.41%)

AAPL

Apple

$165.48

-5.45 (-3.19%)

GOOGL

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$1,050.62

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GOOG

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$1,041.68

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DDAIF

Daimler AG

$0.00

(0.00%)

, FCAU

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$15.47

-0.2 (-1.28%)

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FCAU

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$15.47

-0.2 (-1.28%)

F

Ford

$8.53

0.025 (0.29%)

GM

General Motors

$35.10

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HMC

Honda

$26.90

-0.33 (-1.21%)

NSANY

Nissan

$0.00

(0.00%)

TM

Toyota

$120.06

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VLKAY

Volkswagen

$0.00

(0.00%)

TSLA

Tesla

$365.69

-11.17 (-2.96%)

LITE

Lumentum

$43.46

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OCLR

Oclaro

$8.27

(0.00%)

FNSR

Finisar

$21.74

-0.4 (-1.81%)

ZTCOY

ZTE Corp.

$0.00

(0.00%)

INFN

Infinera

$4.14

-0.095 (-2.25%)

CIEN

Ciena

$34.55

-0.35 (-1.00%)

GOOS

Canada Goose

$52.18

-2.48 (-4.54%)

FDX

FedEx

$184.08

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UPS

UPS

$98.67

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AMZN

Amazon.com

$1,592.14

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BMY

Bristol-Myers

$52.11

-1.54 (-2.87%)

, RHHBY

Roche

$0.00

(0.00%)

04:55
12/15/18
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Conference/Events
European Society for Medical Oncology (ESMO) to hold a conference »

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BMY

Bristol-Myers

$52.11

-1.54 (-2.87%)

RHHBY

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$0.00

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CELG

Celgene

$68.20

-1.55 (-2.22%)

MRK

Merck

$76.50

-1.94 (-2.47%)

PFE

Pfizer

$43.84

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FLDM

Fluidigm

$7.79

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NEO

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$13.25

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SGEN

Seattle Genetics

$60.46

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TKPYY

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$0.00

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IMV

IMV Inc

$5.65

-0.14 (-2.42%)

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TEVA

Teva

$18.46

-0.56 (-2.94%)

18:34
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Teva, Celltrion announce FDA approval of HERZUMA »

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PVG

Pretium Resources

$7.43

(0.00%)

18:11
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Pretium Resources: Brucejack approved for production hike to 3,800 tonnes/day »

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FCAU

Fiat Chrysler

$15.47

-0.2 (-1.28%)

17:52
12/14/18
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SNOA

Sonoma Pharmaceuticals

$0.75

-0.0342 (-4.36%)

, CCNI

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$4.00

-0.075 (-1.84%)

17:43
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Hot Stocks
Sonoma Pharmaceuticals CEO Jim Schutz resigns, Frederick Sandford succeeds »

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SNOA

Sonoma Pharmaceuticals

$0.75

-0.0342 (-4.36%)

CCNI

Command Center

$4.00

-0.075 (-1.84%)

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XLE

Energy Select Sector SPDR

$62.09

-1.47 (-2.31%)

, XLU

Utilities SPDR

$56.81

-0.13 (-0.23%)

17:38
12/14/18
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General news
Week ending ETF scorecard: Energy, Financials lead the decline »

S&P500 SECTORS:…

XLE

Energy Select Sector SPDR

$62.09

-1.47 (-2.31%)

XLU

Utilities SPDR

$56.81

-0.13 (-0.23%)

IYR

DJ US Real Estate Index Fund

$80.37

-0.14 (-0.17%)

XLP

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$54.51

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XLY

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$102.33

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XLB

S&P Select Materials SPDR

$51.37

-0.37 (-0.72%)

XLF

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$24.25

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XLV

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$88.99

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XLK

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$64.58

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XLI

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$67.06

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GLD

SPDR Gold Shares

$117.10

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SLV

iShares Silver Trust

$13.69

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USO

United States Oil Fund

$10.83

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UNG

United States Natural Gas Fund

$30.78

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HYG

iShares iBoxx $ High Yield Corporate Bond

$83.17

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LQD

iShares iBoxx $ Investment Grade Corporate Bond

$112.72

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TLT

iShares 20+ Year Treasury Bond Fund

$118.47

0.38 (0.32%)

IEF

iShares 7-10 Year Treasury Bond ETF

$102.57

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SHY

iShares 1-3 Year Treasury Bond

$83.31

0.055 (0.07%)

IWD

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$116.15

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IWF

iShares Russell 1000 Growth

$135.70

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EEI

Ecology & Environment

$11.50

0.2 (1.77%)

17:35
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LBC

Luther Burbank

$8.96

-0.045 (-0.50%)

17:34
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Luther Burbank announces systematic share repurchase plan »

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MYND

MYnd Analytics

$1.33

0.01 (0.76%)

17:31
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RLGT

Radiant Logistics

$4.76

-0.06 (-1.24%)

17:29
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17:29
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KALV

KalVista

$22.62

-1.39 (-5.79%)

17:29
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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$260.61

-4.8 (-1.81%)

17:25
12/14/18
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POTUS names Mick Mulvaney acting WH chief of staff »

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SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$260.61

-4.8 (-1.81%)

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RTN

Raytheon

$169.87

-2.585 (-1.50%)

17:20
12/14/18
12/14
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17:20
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Raytheon awarded $149.44M Navy contract for Standard Missile-2 Block IIIC »

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EOG

EOG Resources

$100.08

-2.73 (-2.66%)

17:15
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FNCB

First National Community Bancorp, Inc.

$9.35

0.04 (0.43%)

17:14
12/14/18
12/14
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17:14
Hot Stocks
First National Community Bancorp names R. Gregory Collins as new EVP »

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TXT

Textron

$49.49

-0.48 (-0.96%)

17:14
12/14/18
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17:14
Hot Stocks
Textron awarded $314.29M Navy contract modification for LLTM procurement »

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FLDM

Fluidigm

$7.79

-0.39 (-4.77%)

17:14
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17:14
Hot Stocks
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    Dec

WTFC

Wintrust Financial

$67.41

-0.88 (-1.29%)

17:06
12/14/18
12/14
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17:06
Hot Stocks
Wintrust Financial acquires Elektra Holding in roughly $51.9M deal »

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AMC

AMC Entertainment

$14.51

-0.35 (-2.36%)

17:04
12/14/18
12/14
17:04
12/14/18
17:04
Syndicate
Breaking Syndicate news story on AMC Entertainment »

AMC Entertainment files…

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