Western Digital (WDC) Offering Possible 28.87% Return Over the Next 29 Calendar Days

Western Digital's most recent trend suggests a bullish bias. One trading opportunity on Western Digital is a Bull Put Spread using a strike $60.00 short put and a strike $55.00 long put offers a potential 28.87% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $60.00 by expiration. The full premium credit of $1.12 would be kept by the premium seller. The risk of $3.88 would be incurred if the stock dropped below the $55.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Western Digital is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Western Digital is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

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LATEST NEWS for Western Digital

Western Digital to expand in Roseville after Kazan acquisition
Wed, 18 Sep 2019 05:46:43 +0000
San Jose-based Western Digital Corp. will maintain Kazan Networks’ Roseville operations following its recent purchase.

MU and WDC: Memory Stocks Rally on Analyst Optimism
Tue, 17 Sep 2019 15:53:57 +0000
From June 20 to September 16, memory stocks Micron and Western Digital rose 47% and 59%, respectively. Bullish analysts expect these memory stocks to rise.

5 Great Dividend Stocks to Buy From the Tech Sector
Tue, 17 Sep 2019 12:30:20 +0000
Editor's note: "5 Great Dividend Stocks to Buy From the Tech Sector" was previously published in June 2019. It has since been updated to include the most relevant information available.When most investors hunt for dividend stocks, the technology sector is often not on their shopping list. The perception is that most technology firms need and are forced to plow every extra cent back into their businesses in order to fuel growth. As a result, tech stocks are seen as a strictly capital appreciation element for a portfolio.However, this isn't true at all. Tech stocks make for amazing dividend stocks.InvestorPlace – Stock Market News, Stock Advice & Trading TipsThe reality is, that many firms in the tech sector are cash flow and profit machines. Thanks to surging revenues and high margins, mature tech firms simply mint money at this point. So much, in fact, that many have too much money sitting on their balance sheets. To rid themselves of that excess cash, many tech stocks have started paying some hefty dividends. And they have been growing those dividends by leaps and bounds too.In the end, when looking for dividend stocks, the technology sector should be the first stop for portfolios rather than an afterthought. But which tech stocks have what it takes to be considered good dividend stocks as well? * 7 Momentum Stocks to Buy On the Dip Here are five that are worthy of consideration. Cisco (CSCO)Source: Shutterstock Dividend Yield: 2.8%No list of dividend stocks in the tech sector can be written without the firm that started the modern trend of payouts from tech. We're talking about Cisco (NASDAQ:CSCO). CSCO started paying a token dividend back in 2011 and hasn't looked back, growing that payout by more than 480%. And it's easy to see why Cisco has become such a dividend stalwart.Sensing a slowdown in networking, router and physical equipment sales, CSCO started to pivot into more software and services. Cloud computing, cybersecurity and other such products have quickly become big-time money makers for the firm. Perhaps, more importantly, these sales come with higher margins, reoccurrence and the ability to add value/upsell networking transactions. "We just built you this massive network for your cloud operations. Would you like us to secure it as well?"Because of this, CSCO has become a cash flow giant.In fiscal Q3 alone, the firm managed to generate a 16% jump in operating cash flows once adjusting to overseas taxes paid for the Tax Cuts and Jobs Act. Meanwhile, cash on CSCO's balance sheet has swelled to more than $34.6 billion.With sales of software/services continuing to rise, CSCO should be able to keep bringing in the cash for the long haul. Even better is that the growth in data centers and 5G networking is once again boosting equipment sales.At the end of the day, Cisco is one of the best dividend stocks to buy — tech sector or not. Seagate Technology (STX)Source: Shutterstock Dividend Yield: 4.5%Like previously mentioned Cisco, Seagate Technology (NASDAQ:STX) may seem like a relic from the dot-com days. However, STX has managed to see plenty of new life in recent years. The key is data center demand is making one heck of a dividend stock.For many years after the dot-com bust, STX struggled. The rise of mobile and tablet computing crimped PC sales. At the same time, flash-based solid-state drives (SSD) hit Seagate's platter-based hard disk drives (HDDs) right in the wallet. SSDs are faster, smaller, and more power-efficient. Manufacturers liked these facts and started favoring them in PCS and other devices. As a result, STX stocks stagnated and was looking like a lost cause.That is until cloud computing and data center demand started to take over.It turns out, those building out networks and data centers prefer capacity over speed. That makes HHDs much better suited for this application. Since Seagate dove into SSD production — like rival Western Digital (NASDAQ:WDC) — it's been able to reap the full benefits of this expansion. In fiscal 2019, STX managed to produce $1.8 billion in cash flow from operations and $1.8 billion of free cash flows from higher drive demand. * 7 Momentum Stocks to Buy On the Dip And naturally, Seagate has been rewarding investors with that extra cash. Today, shares yield a tech-sector high 4.5%. Apple (AAPL)Source: Yuanbin Du Via FlickrDividend Yield: 1.4%$95 billion.That's a big number. It also happens to be the amount of cash Apple (NASDAQ:AAPL) has on its balance sheet. This makes the consumer tech company one of the most cash-rich firms on the planet. That fact alone could make it a big buy. But the fact that Apple has quickly become one of the leading dividend stocks and continues to increase its buyback programs makes it a big buy right now.The key is that Apple has been able to use its vast cadre of devices to sell apps, music, movies and games. This helps Apple produce plenty of cash flows. Meanwhile, its shift into various services and other add-ons for its customers have only enhanced its cash flows further. So, even though AAPL has been handing out plenty of cash to investors, its over cash balance continues to hover over that $200 billion mark. Last year, Apple spent more than $74 billion on buybacks and raised its dividend by roughly 5.5%.With new devices hitting the markets and a focus on building out content for those devices, Apple should have no problem growing that cash balance far into the future. That should make dividend investors happy. And while there are some risks with revenue slowdowns and Chinese trade, that massive cash pile provides such a huge cushion to keep the dividend grow going.With that, Apple is still one of the best dividend stocks to buy. Equinix (EQIX)Source: Shutterstock Dividend Yield: 1.8%One of the biggest trends in tech continues to be the growth of cloud computing and mobile access. Any time you use an app to go shopping or check your bank balance, you're tapping into a data center far away. It turns out that's a very good business to be in. Just ask Equinix (NASDAQ:EQIX).EQIX is the world's largest owners of these data centers — with more than 200 under its umbrella. The key is that EQIX doesn't actually own or really operate the centers, it's a real estate investment trust (REITs). That is, it owns the specialized buildings and rents space inside to firms to build their required computing needs. It's essentially an apartment building owner for computers.Given the continued surge in data center demand from e-commerce, cloud computing, and mobile operations, EQIX has been sitting pretty over the last few years. In Q2, its net income jumped 22% versus Q1. This continues the REIT's string of strong performance.The data center giant has paid plenty of special stock dividends to its shareholders and has managed to grow its cash payout by 45% since 2014. * 7 Momentum Stocks to Buy On the Dip With continued demand for data centers assured, EQIX is the best dividend stock to play tech's backbone. Shares currently yield 1.8%. First Trust NASDAQ Technology Dividend ETF (TDIV)Source: Shutterstock Dividend Yield: 2.4%Considering that this list didn't even touch such amazing tech dividend stocks like Oracle (NASDAQ:ORCL), Microsoft (NASDAQ:MSFT) or even Texas Instruments (NYSE:TXN), one approach could be to think broad. There are plenty of tech ETFs on the market, but only the First Trust NASDAQ Technology Dividend ETF (NYSEArca:TDIV) tackles the sector with a dividend approach.The $1 billion fund tracks an index that screens for tech stocks that have paid a regular or common dividend within the past 12 months and haven't cut the payout either. This provides exposure to all the top names in tech that pay dividends — currently at 92 different stocks. This includes all the names on this list as well. That focus also throws off a surprising amount of income as well. Today, TDIV has an SEC 30-day yield of nearly 3.17%. That's' better than the S&P 500 and current yields on Treasury bonds.And as a total return component, TDIV has been top notch. Since its inception in 2012, the ETF has roughly doubled in share price and managed to produce an average annual return of around 12%. That's around the same as the S&P 500. The key is that TDIV has been less volatile than the broader index. Less volatile than all the tech stocks in the broader index as well. The secret is in the power of the dividends.All in all, for investors looking to score some hefty dividends from tech and take advantage of the sector's growth, TDIV could be the best way to capture those benefits.Disclosure: At the time of writing, Aaron Levitt did not have a position in any stock mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Momentum Stocks to Buy On the Dip * 7 Dow Titans Breaking Higher * 5 Growth Stocks to Sell as Rates Move Higher The post 5 Great Dividend Stocks to Buy From the Tech Sector appeared first on InvestorPlace.

5 High-Flying Large Cap Tech Stocks With Fat Dividend Yield
Tue, 17 Sep 2019 11:52:11 +0000
Here we discuss five top-ranked large cap tech stocks for dividend investing.

Why Does Micron Stock Have Analysts Falling in Love All Over Again?
Fri, 13 Sep 2019 09:31:35 +0000
Ask a lot of Wall Street analysts what to buy today, and many of them will say Micron Technology (NASDAQ:MU). On the surface the memory maker looks dirt cheap for a tech stock. The price-earnings ratio is below 6, and price to sales is just 2. Assuming the inventory recession of last year is over, results could improve sharply. Even if they don't, MU stock is still a bargain.Source: Charles Knowles / Shutterstock.com But there's a reason Micron sells at 6x earnings. Micron's history is one of booms and busts, and this bust may not be over. That's because the good times have brought out some big new suppliers.So, buy or sit?InvestorPlace – Stock Market News, Stock Advice & Trading Tips The Buy ArgumentThe buy argument starts with the most recent results, delivered in June. Net income of $1.2 billion, or $1.05 per share on revenue of $4.79 billion was "better than feared." Chip prices are stabilizing and could start to rise by the end of the year.Micron next reports earnings September 26. The consensus estimate is for net income of 42 cents per share, or about $500 million, on revenue of $4.5 billion. There is also a "whisper number" of 49 cents per share. * 7 Stocks to Buy In a Flat Market Analysts are expecting an upside surprise. They have set a low bar they expect the company to clear handily. The stock is still "priced for disaster" as our Thomas Niel wrote recently. Whether this is the bottom or next month is the bottom is less relevant than the idea that you can see the bottom. The Hold ArgumentWhile analysts have been boosting their price targets on the stock, $52-$55 isn't far from the $50 and change the stock is due to open at this morning.That's why the sages at InvestorPlace are telling bulls to be careful. Be careful in the short run, writes Will Healy. It's an "ugly road" to the top, writes Luke Lango, who recommended the shares at their bottom of $35.The concern, as always, is China. It's not just the trade war, with its tit-for-tat taxes. It's also China's stated goal of becoming independent of American chip suppliers. This starts with Micron. The U.S. government formally charged two Chinese companies with stealing Micron's intellectual property last year. Micron CEO Sanjay Mehotra was reportedly in China recently, meeting with one of the companies that were charged.There's also Intel (NASDAQ:INTC). Intel and Micron ended their memory partnership last year. Intel has opened a new front in the competition with new packaging, tying memory more closely with processing, including graphics processing.Samsung remains the biggest memory producer, with twice Micron's market share. Another Korean company, SK Hynix is also a bigger supplier than Micron. Bottom Line on Micron StockMy own optimism for Micron stock is based in large part on Mehotra, who became CEO two years ago. This came after a long career building Sandisk, now part of Western Digital (NASDAQ:WDC). * 10 Stocks to Sell in Market-Cursed September This is not Mr. Mehotra's first rodeo. He's like a great football coach you got because his previous team was sold.Mehotra has been making Micron more international, increasing hiring in India. Micron has the cost structure to compete against anyone, even the Chinese.While investors are getting ahead of themselves in the near term, the longer term remains bright. There is a super-cycle for memory. It began with phones, PCs and even cloud centers. Chip memory can also go into the tiny spaces needed to automate everything from factory equipment to refrigerators to traffic lights.If you have a five-year time horizon for a tech investment, you can buy Micron now. I said that months ago. It's still not too late.Dana Blankenhorn is a financial and technology journalist. He is the author of the mystery thriller, The Reluctant Detective Finds Her Family, available at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Battered Tech Stocks to Buy Now * 7 Strong-Buy Stocks Hedge Funds Are Buying Now * The 7 Best Penny Stocks to Buy The post Why Does Micron Stock Have Analysts Falling in Love All Over Again? appeared first on InvestorPlace.

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