Wall Street braces for volatile Wednesday as U.S. GDP data shows unexpected economic contraction, raising fears of a recession. Pre-market futures down.
CEO Dave Mosley said the quarterly performance underscored the structural enhancements to the business model and healthy supply/demand environment for mass capacity storage.
The regular session of the US market on Tuesday is now over, but let's get a preview of the after-hours session and explore the top S&P500 gainers and losers driving the post-market movements.
Data storage manufacturer Seagate (NASDAQ:STX) reported Q1 CY2025 results beating Wall Street’s revenue expectations, with sales up 30.5% year on year to $2.16 billion. On top of that, next quarter’s revenue guidance ($2.4 billion at the midpoint) was surprisingly good and 3.7% above what analysts were expecting. Its non-GAAP profit of $1.90 per share was 9.2% above analysts’ consensus estimates.
Rosenblatt analyst maintains Buy on Western Digital, lowers price target to $50. Expects profitable growth in HDD market driven by AI and cloud demand.
Wall Street modestly up as investors await economic data and corporate earnings. Bond market continues rally, gold and oil prices fall.Wall Street rises modestly, bond market continues rally, gold and oil prices fall as investors await economic data and corporate earnings.
According to the Finchat-compiled consensus estimates, Seagate is expected to report adjusted earnings per share of $1.75 and revenue of $2.14 billion.
Stacks (CRYPTO: STX), a Bitcoin (CRYPTO: BTC) Layer-2 token, has witnessed a significant spike over the last week, joining some of the market's biggest gainers.
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Join us in exploring the top gainers and losers within the S&P500 index one hour before the close of the markets on Thursday as we examine the latest happenings in today's session.
The stocks in this article have caught Wall Street’s attention in a big way, with price targets implying returns above 20%.
But investors should take these forecasts with a grain of salt because analysts typically say nice things about companies so their firms can win business in other product lines like M&A advisory.
Stay tuned for the market movements in the S&P500 index on Monday. Check out the gap up and gap down stocks in the S&P500 index during today's session.
