Western Digital Corporation (NASDAQ:WDC) is one of the stocks in focus as Jim Cramer shared his weekly game plan. Cramer mentioned the stock during his game plan, as he commented: Sandisk and Western Digital report at the same time. These are our storage plays. They’ll be very positive. I don’t think they’ll get the same reception that Apple does. I think people are going to say, wow, and just keep buying these. Stock market data showing an upward trajectory. Photo by Burak The Weekender on Pexels Wes ...

Group 1 - Sandisk Corporation (NASDAQ:SNDK) has seen significant stock performance, with a notable rally of 371% after being spun off from its parent company in February [2] - The company specializes in NAND flash-based storage solutions, including solid-state drives, embedded storage, removable cards, and USB drives [2] - Jim Cramer highlighted that Sandisk and Western Digital are key players in the data storage sector, expecting positive market reception despite Sandisk's substantial price increase [1][2] Group 2 - Sandisk is currently positioned as a top performer in the data storage and memory industry, with four out of the top five performers in this sector [2] - The stock's performance is attributed to its strong presence in data centers, indicating a robust demand for its products [2] - There are suggestions that while Sandisk is a strong investment, certain AI stocks may offer greater upside potential with less downside risk [3]

Seagate Technology Holdings plc (NASDAQ:STX) is one of the stocks in focus as Jim Cramer shared his weekly game plan. Cramer highlighted the stock’s surge due to an increase in demand, as he commented: After the close, we have our first big shortage stock, and that’s Seagate. This maker of storage and memory chips has been making a fortune because no one saw the massive surge in demand from the data center coming except for a handful of companies, including this one. Stock’s up over 25% for the year. You ...

Seagate Technology (STX) is set to report its upcoming earnings on Jan. 27. That's a date I'm keeping on the calendar, and I suggest other investors in the market do the same. This upcoming earnings report could reveal plenty about how Seagate has progressed in its bid to tackle what has continued to be extremely robust demand for hardware directly tied to the artificial intelligence (AI) revolution. As a key provider of memory for high-performance computing tasks, Seagate is one of the more overlooked pl ...

Seagate, Western Digital Stocks Notch Record Highs Ahead Of Earnings | Investor's Business DailyBREAKING: [Tech Futures Rise With Megacap Earnings, Fed Due]Investors.com will undergo scheduled maintenance from 10:00 PM ET to 2:00 AM ET and some features may be unavailable. We apologize for any inconvenience.---Seagate Technology (STX) and Western Digital (WDC) climbed higher again Monday, adding to an AI-fueled rally that placed the hard-disk-drive makers among the top performers in the S&P 500 last year. E ...

Core Insights - Pure Storage (PSTG) is focusing on enhancing shareholder returns, backed by improved operating performance and strong cash flow visibility [2] - The company announced its largest-ever share repurchase authorization of $400 million, indicating increased confidence in business momentum and balance sheet strength [2] Financial Performance - In the last reported quarter, Pure Storage achieved a 16% year-over-year revenue growth, reaching $964 million, with an operating margin of 20.3% [3] - The company ended the fiscal third quarter with cash and cash equivalents totaling $1.5 billion, and cash flow from operations was $116 million, up from $97 million in the prior-year quarter [3] - Free cash flow increased to $52.6 million compared to $35.2 million in the year-ago quarter, reflecting strong financial flexibility [3] Shareholder Returns - In the fiscal third quarter, Pure Storage returned $53 million to shareholders through the repurchase of 0.6 million shares [4] - The new $400 million buyback authorization is in addition to the remaining $20 million from a previous $250 million buyback plan [4] Capital Allocation Strategy - Management emphasizes disciplined capital allocation while investing in innovation, allowing for opportunistic share repurchases amid changing market conditions [5] - The company continues to invest heavily in AI and has seen solid momentum in its Evergreen//One and modern virtualization products [5] Industry Comparisons - Seagate Technology (STX) resumed share repurchases and increased its quarterly dividend by 3% to 74 cents per share, committing to return at least 75% of free cash flow to shareholders [7] - NetApp (NTAP) reported $3 billion in cash and equivalents, with free cash flow of $78 million, and returned $353 million to shareholders through dividends and share repurchases [8][9] - Western Digital Corporation (WDC) repurchased nearly 6.4 million shares for $553 million and paid $39 million in dividends, reflecting strong demand and cost management [10][11]

Core Viewpoint - The tech giants known as the Magnificent Seven, which include Amazon, Alphabet, Apple, Microsoft, Meta Platforms, Nvidia, and Tesla, are expected to regain investor interest despite a sluggish start in 2026, as they possess significant financial resources and strong leadership [1]. Group 1: Market Dynamics - The recent cooling off of the Magnificent Seven stocks is attributed to a rally in storage and semiconductor equipment stocks, which have become significant contributors to market capitalization [2]. - Micron has seen a substantial increase of approximately 39% year to date and has doubled in value over the past three months due to a shortage of memory chips essential for AI computing [3]. - Storage companies like Seagate, Sandisk, and Western Digital have also experienced significant price increases, driven by the growing demand for storage solutions [3]. Group 2: Pricing Power and Market Trends - The current market situation is characterized by storage companies continuously raising prices without resistance, likening the necessity of storage devices to gasoline for cars [4]. - Despite the current high prices for memory chips, it is believed that this trend cannot sustain indefinitely, suggesting that these stocks may eventually lose momentum [5]. - The expectation is that once the peak in storage prices is reached, investors will be rewarded for maintaining their positions in the Magnificent Seven [5].

Many traders think that predicting a stock’s direction is the best way to win with options. However, the most successful options traders think differently. In this video clip from a recent instructional session, Gavin McMaster walks through his process for finding directionally neutral iron condor spreads using volatility metrics, probability, and technical analysis — instead of guessing which way the stock might move next. The trade target he lands on is Western Digital (WDC), but the real value is disco ...

Core Insights - Western Digital Corp. (NASDAQ:WDC) reached an all-time high of $244.90, increasing by 9.8% before closing at $241.90, up 8.49% on the day, following positive revisions from analysts [1][3]. Price Target Revisions - Rosenblatt raised its price target for Western Digital by 64% to $275 from $165, maintaining a "buy" recommendation [2]. - Bank of America increased its price target by 30% to $257 from $197, also reaffirming a "buy" recommendation, anticipating strong revenue and earnings in the upcoming earnings call [4]. Business Outlook - Analysts are optimistic about Western Digital's build-to-order strategy, which is expected to enhance visibility, limit inventory builds, and optimize manufacturing capacity [3]. - Bank of America expects stable product prices due to demand outpacing supply [4]. Upcoming Events - Western Digital is scheduled to hold an Innovation Day on February 3, showcasing innovations aimed at meeting the growing demand for data storage in the AI-driven data economy [5].

Company Overview - NetApp, Inc. is a California-based technology company with a market cap of $18.6 billion, specializing in intelligent data infrastructure and data management solutions for enterprise and cloud environments. Founded in 1992, the company offers products and services for data storage, management, protection, and mobilization across various platforms [1] Earnings Expectations - For fiscal Q3 2026, analysts anticipate NetApp to report a profit of $1.67 per share, reflecting an 8.4% increase from $1.54 per share in the same quarter last year. The company has met or exceeded Wall Street's earnings estimates in three of the last four quarters [2] - For the full fiscal year 2026, analysts expect earnings per share (EPS) to reach $6.34, a 9.5% increase from $5.79 in fiscal 2025. EPS is projected to grow further to $7.06 in fiscal 2027, representing an 11.4% year-over-year growth [3] Stock Performance - Over the past 52 weeks, NetApp's stock has declined by 21.5%, significantly underperforming the S&P 500 Index, which returned 13.7%, and the Technology Select Sector SPDR Fund, which increased by 21.8% during the same period [4] - On January 20, shares of NetApp fell by 7.9% after Morgan Stanley downgraded the stock from "Equal-weight" to "Underweight" and reduced its price target from $117 to $89, citing concerns over optimistic earnings and revenue expectations amid weakening enterprise spending on storage hardware and rising memory costs [5] Analyst Ratings - Wall Street analysts maintain a moderately optimistic outlook on NetApp's stock, with an overall "Moderate Buy" rating. Among 19 analysts, six recommend "Strong Buy," 12 suggest "Hold," and one rates it as "Strong Sell." The mean price target for NetApp is $124.69, indicating a potential upside of 28.4% from current levels [6]