S&P and Dow hit records as growth bets boost Wall Street
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- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- Qtrex Quantum executives plan to buy up to 2M shares over 12 months
Can Seagate (STX) Keep It's Big, Fat, Juicy Dividend After The Major Restructuring?
July 12, 2016 12:32 PM EDTYielding 10.5% based on last night's close, Seagate's (NYSE: STX) dividend yield signaled a major red flag as being too good to be true with fears of being cut. However, with last night's massive restructuring and solid revenue guidance fears of a dividend cut are... More
BMO Capital Remains Sidelined on Alcoa (AA) Following 2Q EPS Beat
July 12, 2016 10:47 AM EDTBMO Capital maintained a Market Perform rating and $9.00 price target on Alcoa (NYSE: AA) following the company's 2Q earnings report. AA reported adjusted EPS of $0.15, ahead of the consensus estimate of $0.09.
Analyst David Gagliano commented, "Versus our estimates, the main driver for the better result was in the upstream primary aluminum segment, in turn from... More
Brean Capital Remains Bullish on Seagate Technology (STX) Following June Pre-Announcement - PT to $35
July 12, 2016 9:33 AM EDTBrean Capital reiterated a Buy rating on Seagate Technology (NASDAQ: STX), and raised the price target to $35.00 (from $30.00), following the company's June quarter pre-announcement.
Analyst Ananda Baruah commented, "While we continue to believe that STX can generate CY17 EPS of $3.00 - $3.50 (Street at... More
Jefferies Remains Bullish on Seagate Technology (STX) Following 4Q Pre-Announcement
July 12, 2016 8:30 AM EDTJefferies reiterated a Buy rating and $26.00 price target on Seagate Technology (NASDAQ: STX) following the company's 4Q pre-announcement. STX pre-announced revenue of $2.65B, better than its $2.3B guidance, and the Street's $2.34B estimate. The improvement was driven by improved demand for HDD products, particularly... More
