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The Latest Breaking News from Mehdi Hosseini

Stock Market Today: Stocks Struggle Mightily in Choppy Trading

The major benchmarks couldn't hold on to early gains as selling pressure returned to risk assets.

Kiplinger

Stock Market Today: Dow Gains 188 Points To Start the Short Week

A big rally in tech stocks helped the main indexes start the holiday-shortened week on a strong note.

Kiplinger

Hewlett Packard Enterprise Stock Soars on Strong AI Demand

Hewlett Packard stock is higher Wednesday after artificial intelligence tailwinds helped boost the tech giant's quarterly results. Here's what you need to know.

Kiplinger

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Taiwan Semiconductor Dodges Chip Sector Weakness; AMD Drops On Sales Miss

Taiwan Semiconductor, the world's largest chip foundry, reported better-than-expected sales for September and the third quarter.

Investors Business Daily

Apple Stock Gets Fresh Buy Point Ahead Of iPhone 14 Reveal

Apple is the IBD Stock Of The Day as the consumer electronics giant prepares to unveil its iPhone 14 smartphones at a Sept. 7 launch event.

Investors Business Daily

Big Tech Seen Cutting Back On Cloud Computing Spending In 2023

Big tech continued to spend aggressively on cloud computing in the June quarter. But some analysts expect a dramatic slowdown in 2023.

Investors Business Daily

Micron Warning Pulls Down Semiconductor Stocks

Memory-chip maker Micron Technology on Tuesday warned of weakening demand and lowered its sales target for the current quarter.

Investors Business Daily

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Semiconductor Stocks Brace For Guidance Cuts With Earnings Reports

Semiconductor stocks have fallen in anticipation of possible guidance cuts coming in second-quarter earnings reports.

Investors Business Daily

Seagate, Western Digital Shares Lose Steam Post Rating Downgrade, Price Target Cut

Susquehanna analyst Mehdi Hosseini downgraded the Seagate Technology Holdings PLC (NASDAQ:STX) to Negative and Western Digital Corp (NASDAQ:WDC) to Neutral. Hosseini slashed Seagate's price targets to $65 (20.7% downside) and Western Digital to $50 (6.3% upside). Even though hard disk drive shipments are likely to be higher in the near term and the second half of 2022 and…

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