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Fly News Breaks for December 16, 2019
WDC, MU
Dec 16, 2019 | 07:25 EDT
Susquehanna analyst Mehdi Hosseini upgraded Western Digital (WDC) to Positive from Neutral with a price target of $90, up from $55. He expects the 5G smartphone build cycle to "start in earnest" late in the March quarter and and combining this with cuts to NAND capital expenditures and wafer starts should lead to a tight NAND supply/demand balance by the June quarter, said Hosseini, who also upgraded Micron (MU) to Positive this morning as well.
News For WDC;MU From the Last 2 Days
MU
Feb 14, 2020 | 16:11 EST
David Tepper's Appaloosa Management disclosed in an SEC filing its holdings as of December 31, 2019. The fund's one new buy during the fourth quarter was Intelsat (I). Appaloosa exited four positions during the quarter, including by size of position SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Boeing (BA), and Mr Cooper Group (COOP). The fund increased its stake in six holdings, including by size of previous position Alibaba (BABA), Micron (MU), Amazon (AMZN), Energy Transfer LP (ET), and UnitedHealth (UNH). Appaloosa reduced its stake in six holdings, including by size of previous position Clearway Energy Class C (CWEN), Clearway Energy Class A, Caesars Entertainment (CZR), PG&E (PCG), and Broadcom (AVGO). The fund's told holdings as of December 31, in order of size, were Alphabet Class C (GOOG), Facebook (FB), Amazon, Alibaba, and Micron.