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Seagate Technology Holdings (STX) [hlAlert]

Rating:
Buy STX
up 205.86 %

Barron's Favorite Stocks for 2012 - Seagate

Posted on: Thursday,  Jan 3, 2013  1:24 AM ET by Barron's favorite stocks for 2012

Barron's favorite stocks for 2012 rated Buy Seagate Technology Holdings (NASDAQ: STX) on 12/12/2011, when the stock price was $16.36.
Since then, Seagate Technology Holdings has gained 205.87% as of 01/11/2016's recent price of $50.04.
If you would have followed this Barron's favorite stocks for 2012's recommendation on STX, you would have gained 205.86% of your investment in 1491 days.

Seagate Technology (Seagate) is engaged in the design, manufacture and marketing of hard disc drives. Hard disc drives, which are referred to as disc drives or hard drives, are used as the primary medium for storing electronic information in systems ranging from desktop and notebook computers, and consumer electronics devices to data centers delivering information over corporate networks and the Internet. It produces a range of disc drive products addressing enterprise applications, where its products are used in enterprise servers, mainframes and workstations; desktop applications, where its products are used in desktop computers; mobile computing applications, where its products are used in notebook computers, and consumer electronics applications, where its products are used in a variety of devices, such as digital video recorders and other consumer electronic devices that require storage. It also sells its branded storage solutions under both the Seagate and Maxtor brands.

After a volatile year, stocks are heading into the homestretch about where they began. The benchmark Standard & Poor's 500 Index finished the week at 1255, within a percentage point of where it started the year. The Dow Jones Industrial Average is up 5% in 2011, largely reflecting the strength of a single stock, IBM (ticker: IBM), which has risen 32% to 194 and dominates the price-weighted index owing to its lofty absolute share price. Most equity strategists are optimistic at best about 2012. They're worried that earnings growth and strong corporate balance sheets will be offset, in investors' minds, by the tough economic backdrop and the European debt crisis. Barry Knapp, Barclays Capital's chief market strategist, recently set an S&P 500 target of 1330, 6% above Friday's close. He expects a "difficult" first half followed by a second-half rally. The important offset to the economic and political situation is valuation. U.S. stocks look reasonably priced, especially with 10-year Treasuries yielding 2% and short-term rates near zero. The S&P 500 is valued at 13 times projected 2011 profits and about 12 times next year's projected earnings. Bulls cite the combination of attractive valuations and super-low rates. "I feel like a kid in a candy store…I don't know where to begin," said Joe Rosenberg, chief investment strategist at Loews, told Barron's in last week's interview ("The Best Opportunities in a Half-Century," Dec. 5). Rosenberg is partial to a range of blue-chip stocks.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/12/2011 4:00 PM Buy
1 year
16.36
as of 8/27/2015
1 Week up  1.11 %
1 Month down  -4.30 %
3 Months down  -12.86 %
1 YTD down  -10.89 %

(*) Stock Price at the time of the recommendation.
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