Seagate Earnings Preview: Core Product Sales To Remain Suppressed
Seagate is scheduled to announce its fiscal Q2 2018 earnings on Monday, January 29. In recent quarters, the company has reported revenue and margin declines.
Seagate’s core product sales have remained somewhat unimpressive and gross margins remained close to the lower end of its targeted long-term gross margin range of 29-33%.
Weakness in the enterprise storage segment has been the prevalent trend over the last few quarters. While the price per unit for enterprise hard disk drives has led to lower revenues, the capacity shipped has generally grown in recent years.
Seagate Technology Had a Good Quarter
Seagate Technology (NASDAQ:STX) has been in fine form of late, appreciating over 30% in the past six months thanks to a better-than-expected quarterly report in October 2017.
The data storage specialist trumped earnings expectations by a wide margin because of stringent cost controls, thereby boosting investor confidence.
Crypto-Mining Malware Epidemic: 55% of Businesses Affected Worldwide, Including YouTube
Another case of “cryptojacking” was detected on YouTube and resolved by Google over the course of this week, Ars Technica reported Friday, Jan. 26.
According to the report, anonymous hackers have managed to run ads on YouTube that consumed the visitors’ CPU power and electricity in order to mine cryptocurrencies for the attackers.
The users started posting complaints on social media this week telling that their antivirus programs detected cryptocurrency mining code in the ads that have been displayed to them by Youtube.
Today's Trade of the Day | 1-29-18
HCN Welltower Inc. showing clear bearish order flow, a bear flag and resistance at $61. This price action sets up a clean swing trade short sale. Game planning a $60.75 limit order to sell. Profit target comes in at $55.50. Stop loss on a close above $62.
Coincheck to Repay Users Who Lost Money in $400 Million Hack
Technical charts signal a faster march to S&P 3,000
Apple Slashes iPhone X Production In Half After Disappointing Holiday Sales
A fire sale by the Treasury could send shock waves through the bond market, strategist warns
Wynn Stock Dives As CEO Steve Wynn Faces Sexual Misconduct Claims
S&P 500 Heatmap
Stocks to Trade | Monday Edition 1-29-18
Bullish Momentum: ABBV, VMW, GILD, HCA, BABA, BZUN, SCG, AMGN, CAR, NVDA, ALXN, PM, KSS, WDC, TAL, PYPL, SLB, BBY, ATVI, DG, UNH, MA, UPS, AMGN, CRM, MAR, TXN, HCA, HD, UTX, DE, CAT, COST, DLTR, COF, CVX
Bearish Momentum: riot, pgr
Bullish Order Flow: NFLX, NKTR, SQ, ABBV, NVDA, KSS, CAH, AMZN, BABA, VMW, GILD, TGT, LOW, BA, ADBE,Bearish Order Flow: alk, lite, d, aep, duk, pg, hcn
Double Normal Volume: INTC, SBUX, NWL, DVMT, VMW, WYNN, ABBV, CL, CAT, LVS, TER, XLNX, ETFC
Inside Days: nwl, amat, dal, cat, hal, aal, phm, mo, cvx, slb, luv, unp, pm, cop, tgt, dhi, myl, amtd, gs, ntap, lb, nem, mlco, nue, mon
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