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WDC

Western Digital

$46.68

0.99 (2.17%)

10:10
11/21/18
11/21
10:10
11/21/18
10:10

Western Digital weekly calls active as shares gain 3%

Western Digital weekly calls active as shares gain 3%. The stock up $1.40 to $47.08 and 1.3K Nov 23rd 49 calls trade across the exchanges for 18c. Small lots of Nov 23rd 47, Dec 7th 51, and Nov 23rd 47.5 calls on the tape as well. A total of 4.5K calls and 540 puts trade in the name so far. Bullish flow comes as shares see notable strength since falling to $42.60 intraday Tuesday - up 10.5% from those lows.

  • 04

    Dec

WDC Western Digital
$46.68

0.99 (2.17%)

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

15:00
03/19/19
03/19
15:00
03/19/19
15:00
General news
Treasury Closing Summary: »

Treasury Closing Summary:…

KEM

Kemet

$18.34

0.02 (0.11%)

14:56
03/19/19
03/19
14:56
03/19/19
14:56
Conference/Events
Kemet management to meet with B. Riley FBR »

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DBD

Diebold

$11.07

-0.33 (-2.89%)

14:55
03/19/19
03/19
14:55
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14:55
Options
Diebold put volume heavy and directionally bearish »

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AMD

AMD

$25.68

2.43 (10.45%)

, GOOG

Alphabet

$1,195.81

12.15 (1.03%)

14:54
03/19/19
03/19
14:54
03/19/19
14:54
Hot Stocks
AMD says Radeon GPUs being used for Google Stadia platform »

AMD (AMD) announced that…

AMD

AMD

$25.68

2.43 (10.45%)

GOOG

Alphabet

$1,195.81

12.15 (1.03%)

GOOGL

Alphabet Class A

$1,199.72

11.63 (0.98%)

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SIEN

Sientra

$9.26

0.05 (0.54%)

14:51
03/19/19
03/19
14:51
03/19/19
14:51
Hot Stocks
Breaking Hot Stocks news story on Sientra »

Sientra down 6% after FDA…

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WNS

WNS Holdings

$52.87

-0.14 (-0.26%)

14:50
03/19/19
03/19
14:50
03/19/19
14:50
Conference/Events
WNS Holdings management to meet with Wedbush »

Meeting to be held in…

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  • 19

    Mar

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    Mar

JCOM

j2 Global

$86.67

0.76 (0.88%)

14:49
03/19/19
03/19
14:49
03/19/19
14:49
Conference/Events
j2 Global management to meet with Wedbush »

Luncheon and Dinner…

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  • 25

    Mar

FDX

FedEx

$182.02

-0.4 (-0.22%)

14:49
03/19/19
03/19
14:49
03/19/19
14:49
Options
Fedex options imply 8.9% move in share price post-earnings, above median historical move »

Pre-earnings options…

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  • 19

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SIEN

Sientra

$9.26

0.05 (0.54%)

14:48
03/19/19
03/19
14:48
03/19/19
14:48
Hot Stocks
FDA posts warning letter sent to Sientra »

In a letter dated March…

03/08/13
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IMASY

Inmarsat

$0.00

(0.00%)

14:46
03/19/19
03/19
14:46
03/19/19
14:46
Hot Stocks
Inmarsat confirms receipt of potential $7.21 per share offer from PE consortium »

The Board of Inmarsat…

03/08/13
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TSLA

Tesla

$269.61

0.15 (0.06%)

14:45
03/19/19
03/19
14:45
03/19/19
14:45
Periodicals
Tesla, Musk face dozens of suits, probes, CNBC says »

Tesla and CEO Elon Musk…

03/08/13
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  • 19

    Mar

GLUU

Glu Mobile

$10.46

0.59 (5.98%)

14:45
03/19/19
03/19
14:45
03/19/19
14:45
Options
Glu Mobile call volume above normal and directionally bullish »

Bullish option flow…

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  • 19

    Mar

NOVT

Novanta

$83.83

-0.1 (-0.12%)

14:41
03/19/19
03/19
14:41
03/19/19
14:41
Conference/Events
Novanta management to meet with William Blair »

Meeting to be held…

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  • 26

    Mar

  • 09

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AXL

American Axle

$14.66

0.305 (2.13%)

14:35
03/19/19
03/19
14:35
03/19/19
14:35
Options
American Axle put volume heavy and directionally bearish »

Bearish flow noted in…

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14:30
03/19/19
03/19
14:30
03/19/19
14:30
General news
Oil Action: WTI crude »

Oil Action: WTI crude…

BUD

AB InBev

$83.96

1.92 (2.34%)

, MO

Altria Group

$57.06

-0.245 (-0.43%)

14:25
03/19/19
03/19
14:25
03/19/19
14:25
Periodicals
AB InBev to name former Altria CEO as Chairman, WSJ reports »

This week, Anheuser-Busch…

BUD

AB InBev

$83.96

1.92 (2.34%)

MO

Altria Group

$57.06

-0.245 (-0.43%)

03/08/13
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  • 20

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14:25
03/19/19
03/19
14:25
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14:25
General news
CEA released the Economic Report of the President earlier »

CEA released the Economic…

FB

Facebook

$162.92

2.46 (1.53%)

, AMZN

Amazon.com

$1,780.97

38.97 (2.24%)

14:23
03/19/19
03/19
14:23
03/19/19
14:23
Periodicals
Instagram impinges on Amazon, others with new shopping functionality, WSJ says »

Instagram (FB), in a push…

FB

Facebook

$162.92

2.46 (1.53%)

AMZN

Amazon.com

$1,780.97

38.97 (2.24%)

SHOP

Shopify

$201.68

-4.17 (-2.03%)

WMT

Walmart

$99.96

0.29 (0.29%)

03/08/13
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  • 19

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$283.22

0.76 (0.27%)

14:22
03/19/19
03/19
14:22
03/19/19
14:22
Hot Stocks
Trump says trade talks with China 'going very well' »

While walking away from a…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$283.22

0.76 (0.27%)

GOOG

Alphabet

$1,194.43

10.77 (0.91%)

GOOGL

Alphabet Class A

$1,198.48

10.39 (0.87%)

FB

Facebook

$162.98

2.52 (1.57%)

TWTR

Twitter

$31.36

0.265 (0.85%)

03/08/13
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  • 27

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TSG

The Stars Group

$17.01

0.05 (0.29%)

14:20
03/19/19
03/19
14:20
03/19/19
14:20
Options
Call buyers opening in Stars Group as shares tick higher »

Call buyers opening in…

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  • 27

    Mar

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
03/19/19
03/19
14:17
03/19/19
14:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
03/19/19
03/19
14:16
03/19/19
14:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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PRMW

Primo Water

$15.20

-0.19 (-1.23%)

14:13
03/19/19
03/19
14:13
03/19/19
14:13
Conference/Events
Primo Water management to meet with William Blair »

Meeting to be held in San…

03/08/13
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  • 21

    Mar

ALSN

Allison Transmission

$46.46

0.065 (0.14%)

14:13
03/19/19
03/19
14:13
03/19/19
14:13
Conference/Events
Allison Transmission management to meet with William Blair »

Meeting to be held in…

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  • 19

    Mar

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    Mar

ECL

Ecolab

$175.11

-0.03 (-0.02%)

14:12
03/19/19
03/19
14:12
03/19/19
14:12
Conference/Events
Ecolab management to meet with William Blair »

Meetings to be held in…

03/08/13
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