Western Digital 株価情報 (NASDAQ: WDC)

最新ニュース Western Digital (NASDAQ:WDC) 株価情報

Western Digital

Western Digital is a leading vertically integrated supplier of data storage solutions, spanning both hard disk drives and solid-state drives. In the HDD market it forms a practical duopoly with Seagate, and it is the largest global producer of NAND flash chips for SSDs in a joint venture with competitor Kioxia.

Western Digital Corporation - Common Stock

Western Digital Corp

WILDCAT RESOURCES LTD by Wildcat Resources Ltd.

Wildcat resources Ltd

<a href="https://www.benzinga.com/topic/western-digital" target="_blank" rel="noreferrer noopener">Wall Street analysts</a> rerated Western Digital Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) after the company offered several updates on Thursday, including its fourth-quarter results and the departure of its CFO.
Western Digital announced that <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/106040/000119312525007725/d856730d8k.htm" target="_blank" rel="noreferrer noopener">its current CFO</a>, Wissam Jabre, would retire effective Feb. 28, following the planned separation of the company&#8217;s Flash and HDD businesses. Following the transaction, the company will begin a search for a new CFO.
Also Read: <a href="https://www.benzinga.com/25/01/42980720/microsoft-taps-meta-veteran-to-lead-new-coreai-division-plans-shift-from-openai-dependence" target="_blank" rel="noreferrer noopener">Microsoft Launches CoreAI Division: Ex-Meta Exec To Supercharge Copilot And AI Innovations</a>
The company previously announced that Jabre would serve as the CFO of the HDD business post-split alongside Irving Tan as the CEO.
Western Digital announced that it expects second-quarter fiscal 2025 revenues to fall at the mid-point of its prior guided range of $4.20 billion-$4.40 billion, with adjusted EPS to fall at the low end of its previously guided range of $1.75-2.05. Downside is attributed to a more challenging pricing environment in NAND than previously expected.
<ul>
<li>Cantor Fitzgerald analyst C J Muse reiterated Western Digital with an Overweight and a <a target="_blank" href="https://www.benzinga.com/quote/WDC/analyst-ratings" rel="noreferrer noopener">$95&nbsp;price target</a>.</li>
<li>JPMorgan analyst Harlan Sur has no rating on Western Digital.</li>
<li>Barclays analyst Tom O&#8217;Malley maintained Western Digital with an Overweight and lowered the price target from&nbsp;$90&nbsp;to&nbsp;$80.</li>
<li>Benchmark analyst Mark Miller reiterated a Hold rating on Western Digital.</li>
<li>BofA maintained a Buy rating and raised the price target to $84 from $80.</li>
<li>Morgan Stanley analyst Joseph Moore maintained a Buy rating on Western Digital with a price target of $93.</li>
</ul>
Cantor Fitzgerald: Post-close, Western Digital provided several meaningful updates, including an update for fourth-quarter results (revenue at mid-point and EPS at the low end of the prior guide) and the announcement of the departure of the company&#8217;s CFO, who was likely to transition to remain CFO of Western Digital post the NAND asset spin.
Considering the weakening NAND backdrop, the updated guide is likely better than feared by the buy side. This does not mean Western Digital is out of the woods yet, the analyst notes.
Muse sought Western Digital to guide March quarter EPS closer to ~$1.20, with a current consensus of $1.58. Muse looked to update his model after Jan. 29.
The departure of the CFO is more alarming, given expectations for management continuity. The change does not indicate any issues with Western Digital, but rather an opportunity that Wissam could not pass up.
The final takeaway is that the CFO plans to stay until Feb. 28. Thus, a clear clue to the anticipated timing of the spin now is just six weeks away at most. As for shares, Muse senses investors have been waiting for the estimate reset on Jan. 29 before engaging more aggressively on the long side into the SNDK and analyst days scheduled for Feb. 11 and 12 and into the expected share spin in the second half of February.
Muse projected second-quarter revenue of $4.18 billion and EPS of $1.72.
JP Morgan: After the market close yesterday, Western Digital negatively preannounced December quarter results, with revenue expected to land in line with the mid-point of guidance ($4.2 billion-$4.4 billion) while EPS will likely be on the lower end of its previous guided range ($1.75- $2.05) primarily due to a more challenging pricing environment within its NAND business. 
The weaker NAND pricing trends observed by Western Digital should not be a big surprise as the team telegraphed softening NAND pricing at investor conferences in early December, citing elevated inventory levels and sluggish demand in PC, smartphone, and retail, resulting in a few choppy quarters and mid-cycle pause as customers continue to work down excess inventory. 
NAND pricing and demand trends should improve by the September quarter as excess inventory is flushed out, and favorable content tailwinds and adoption of edge AI devices drive renewed NAND memory procurement.
Consistent with what we heard on Micron Technology, Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) earnings call, Sur noted Western Digital is also seeing a temporary pause in eSSD shipments in the first half as demand trends at cloud and data center customers tend to be lumpy. Looking ahead, Sur noted strong AI compute infrastructure demand is driving increased storage demand across both nearline HDD and eSSD in the datacenter end-market and is providing a favorable backdrop for long-term growth and margin expansion.
On the back of weaker pricing trends in NAND, Sur lowered his calendar 2025 estimates. Excess inventory and seasonal headwinds in PC, smartphone, and retail will likely persist through the first half of 2025.
Expect pricing and demand trends in NAND to improve through the back half of 2025. Consumer and cyclical segments of the market will begin to recover, he adds. 
Sur projected second-quarter revenue of $4.25 billion and EPS of $1.75.&nbsp;
Price Action: Western Digital stock is up 2% at $65.54 at last check Friday.
Also Read:
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<li><a href="https://www.benzinga.com/25/01/42960291/metas-content-moderation-changes-alarm-advertisers-as-zuckerberg-aligns-with-trump-and-musk" target="_blank" rel="noreferrer noopener">Meta&#8217;s Content Moderation Changes Alarm Advertisers as Zuckerberg Aligns with Trump and Musk</a></li>
</ul>
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News

Price Target

Reiteration

Analyst Ratings

Tech

Trading Ideas

Western Digital Faces 'Challenging Pricing Environment,' But There's Long-Term Potential: Analysts

B of A Securities analyst Wamsi Mohan maintains Western Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) with a Buy and raises the price target from $80 to $84.

B of A Securities Maintains Buy on Western Digital, Raises Price Target to $84

Cantor Fitzgerald analyst C J Muse reiterates Western Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) with a Overweight and maintains $95 price target.

Cantor Fitzgerald Reiterates Overweight on Western Digital, Maintains $95 Price Target

Barclays analyst Tom O'Malley maintains Western Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) with a Overweight and lowers the price target from $90 to $80.

Barclays Maintains Overweight on Western Digital, Lowers Price Target to $80

On January&nbsp;16, 2025, Western Digital Corporation (the "Company") announced that second fiscal quarter ended December&nbsp;27, 2024 revenue is expected to be at the mid-point of the guidance range of $4.20&nbsp;billion to $4.40&nbsp;billion previously issued by the Company on October&nbsp;24, 2024, with non-GAAP diluted earnings per share(1) at the lower end of the previously issued guidance range of $1.75 to $2.05 per share due to a more challenging pricing environment in the Company's flash business.

Guidance

Western Digital Announces Q2 Revenue Expected At Mid-Point Of $4.20B-$4.40B Range Vs $4.278B Est.; Adj. EPS At Lower End Of $1.75-$2.05 Due To Flash Pricing Challenges Vs $1.88 Est.

B of A Securities analyst Wamsi Mohan maintains Western Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) with a Buy and lowers the price target from $89 to $80.

B of A Securities Maintains Buy on Western Digital, Lowers Price Target to $80

High-rolling investors have positioned themselves bearish on Western Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in WDC often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 9 options trades for Western Digital. This is not a typical pattern.
The sentiment among these major traders is split, with 11% bullish and 77% bearish. Among all the options we identified, there was one put, amounting to $25,048, and 8 calls, totaling $310,424.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $50.0 to $85.0 for Western Digital over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Western Digital options trades today is 5384.0 with a total volume of 15,084.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Western Digital's big money trades within a strike price range of $50.0 to $85.0 over the last 30 days.
<h3>Western Digital Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737044126_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$4.35</td>
<td>$4.3</td>
<td>$4.35</td>
<td>$85.00</td>
<td>$60.8K</td>
<td>766</td>
<td>173</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$1.27</td>
<td>$1.26</td>
<td>$1.26</td>
<td>$80.00</td>
<td>$54.9K</td>
<td>14.4K</td>
<td>1.8K</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$4.65</td>
<td>$4.45</td>
<td>$4.45</td>
<td>$67.50</td>
<td>$42.2K</td>
<td>848</td>
<td>125</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$1.22</td>
<td>$1.13</td>
<td>$1.21</td>
<td>$80.00</td>
<td>$36.5K</td>
<td>14.4K</td>
<td>3.1K</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$1.23</td>
<td>$1.22</td>
<td>$1.22</td>
<td>$80.00</td>
<td>$32.8K</td>
<td>14.4K</td>
<td>2.7K</td>
</tr>
</tbody>
</table>

<h3>About Western Digital</h3>
Western Digital is a leading vertically integrated supplier of data storage solutions, spanning both hard disk drives and solid-state drives. In the HDD market it forms a practical duopoly with Seagate, and it is the largest global producer of NAND flash chips for SSDs in a joint venture with competitor Kioxia.
Having examined the options trading patterns of Western Digital, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Current Position of Western Digital</h3>
<ul>
<li>With a trading volume of 1,143,720, the price of WDC is up by 0.02%, reaching $64.64.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 13 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Western Digital</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $80.0.
Unusual Options Activity Detected: Smart Money on the Move
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&#x2A; Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Western Digital with a target price of $93. 
&#x2A; An analyst from Goldman Sachs persists with their Neutral rating on Western Digital, maintaining a target price of $70. 
&#x2A; Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Western Digital with a target price of $85. 
&#x2A; Maintaining their stance, an analyst from Mizuho continues to hold a Outperform rating for Western Digital, targeting a price of $82. 
&#x2A; An analyst from Benchmark downgraded its action to Buy with a price target of $70. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Western Digital, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Markets

Smart Money Is Betting Big In WDC Options

Wells Fargo analyst Aaron Rakers maintains Western Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) with a Overweight and lowers the price target from $95 to $85.

Wells Fargo Maintains Overweight on Western Digital, Lowers Price Target to $85

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During the last three months, 13 analysts shared their evaluations of Western Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>), revealing diverse outlooks from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">4</td>
<td align="right">7</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">2</td>
<td align="right">4</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Western Digital, presenting an average target of $89.62, a high estimate of $115.00, and a low estimate of $70.00. This current average reflects an increase of 0.96% from the previous average price target of $88.77. 
<img src="https://www.benzinga.com/files/images/story/2025/1736542845_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
A clear picture of Western Digital's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Toshiya Hari</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$70.00</td>
<td>$81.00</td>
</tr>
<tr>
<td>Vijay Rakesh</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$82.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Joseph Moore</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$93.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Mark Miller</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$70.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Asiya Merchant</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$85.00</td>
<td>$87.00</td>
</tr>
<tr>
<td>C J Muse</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$95.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Tom O'Malley</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$90.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>C J Muse</td>
<td>Cantor Fitzgerald</td>
<td>Raises</td>
<td>Overweight</td>
<td>$95.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Matt Bryson</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$95.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Medhi Hosseini</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$83.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Mark Miller</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$92.00</td>
<td>$92.00</td>
</tr>
<tr>
<td>Joseph Moore</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$100.00</td>
<td>$94.00</td>
</tr>
<tr>
<td>Kevin Cassidy</td>
<td>Rosenblatt</td>
<td>Maintains</td>
<td>Buy</td>
<td>$115.00</td>
<td>$115.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Western Digital. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Western Digital compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Western Digital's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Western Digital's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/WDC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Western Digital analyst ratings.</a>
<h2>About Western Digital</h2>
Western Digital is a leading vertically integrated supplier of data storage solutions, spanning both hard disk drives and solid-state drives. In the HDD market it forms a practical duopoly with Seagate, and it is the largest global producer of NAND flash chips for SSDs in a joint venture with competitor Kioxia.
<h3>Key Indicators: Western Digital's Financial Health</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Western Digital displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 48.91%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 11.75%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Western Digital's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 4.28% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.96%, the company showcases effective utilization of assets.
Debt Management: With a below-average debt-to-equity ratio of 0.64, Western Digital adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>Analyst Ratings: What Are They?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Where Western Digital Stands With Analysts

Goldman Sachs analyst Toshiya Hari maintains Western Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) with a Neutral and lowers the price target from $81 to $70.

Goldman Sachs Maintains Neutral on Western Digital, Lowers Price Target to $70

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Monday.Com Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDY#NASDAQ">MNDY</a>)</h3>
<ul>
<li>On Jan. 6, Piper Sandler analyst Brent Bracelin maintained Monday.Com with an Overweight and lowered the price target from $350 to $345. The company' stock fell around 22% over the past month and has a <a href="https://www.benzinga.com/quote/MNDY">52-week low of $174.75</a>.</li>
<li>RSI Value: 27.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>MNDY Price Action: Shares of Monday.Com fell 4.9% to close at $225.36 on Tuesday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to latest<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010825&amp;t=be2bearmibe3na1"> MNDY news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010825&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="900" height="830" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/08062421/image-38.png" alt="" class="wp-image-723682" style="width:608px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/08062421/image-38.png 900w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/08062421/image-38-300x277.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/08062421/image-38-768x708.png 768w" sizes="(max-width: 900px) 100vw, 900px" /></a></figure>
<h3 class="wp-block-heading">Microchip Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>)&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On Dec. 16, B of A Securities downgraded the stock from Neutral to Underperform and lowered its price target from $80 to $65. The company's stock fell around 7% over the past month and <a href="https://www.benzinga.com/quote/MCHP">has a 52-week low</a> of $55.29.</li>
<li>RSI Value: 28.4</li>
<li>MCHP Price Action: Shares of Microchip Technology fell 1.4% to close at $57.47 on Tuesday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the trend in <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010825&amp;t=be2bearmibe3na1">MCHP stoc</a>k. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010825&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="923" height="848" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/08062448/image-39.png" alt="" class="wp-image-723685" style="width:546px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/08062448/image-39.png 923w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/08062448/image-39-300x276.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/08062448/image-39-768x706.png 768w" sizes="(max-width: 923px) 100vw, 923px" /></a></figure>
<h3 class="wp-block-heading">Western Digital Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>)</h3>
<ul>
<li>On Jan. 3, Mizuho analyst Vijay Rakesh maintained Western Digital with an Outperform and lowered the price target from $90 to $82.. The company's stock fell around 8% over the past month and has a 52-week l<a href="https://www.benzinga.com/quote/WDC">ow of $48.96</a>.</li>
<li>RSI Value: 29.6</li>
<li>WDC Price Action: Shares of Western Digital fell 1.2% to close at $64.87 on Tuesday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential breakout in <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010825&amp;t=be2bearmibe3na1">WDC shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010825&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="887" height="837" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/08062542/image-40.png" alt="" class="wp-image-723686" style="width:581px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/08062542/image-40.png 887w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/08062542/image-40-300x283.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/08062542/image-40-768x725.png 768w" sizes="(max-width: 887px) 100vw, 887px" /></a></figure>
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Long Ideas

Pre-Market Outlook

MCHP

Top 3 Tech Stocks That May Rocket Higher This Quarter

Whales with a lot of money to spend have taken a noticeably bearish stance on Western Digital.
Looking at options history for Western Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) we detected 32 trades.
If we consider the specifics of each trade, it is accurate to state that 46% of the investors opened trades with bullish expectations and 53% with bearish.
From the overall spotted trades, 9 are puts, for a total amount of $1,631,872 and 23, calls, for a total amount of $1,201,782.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $40.0 to $85.0 for Western Digital over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Western Digital options trades today is 2544.95 with a total volume of 16,079.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Western Digital's big money trades within a strike price range of $40.0 to $85.0 over the last 30 days.
<h3>Western Digital Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736192732_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>WDC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$12.75</td>
<td>$12.4</td>
<td>$12.7</td>
<td>$77.50</td>
<td>$1.2M</td>
<td>4</td>
<td>1.0K</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$28.7</td>
<td>$27.85</td>
<td>$28.55</td>
<td>$40.00</td>
<td>$142.7K</td>
<td>51</td>
<td>0</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$3.2</td>
<td>$3.05</td>
<td>$3.05</td>
<td>$75.00</td>
<td>$120.1K</td>
<td>17.6K</td>
<td>857</td>
</tr>
<tr>
<td>WDC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$5.75</td>
<td>$5.7</td>
<td>$5.7</td>
<td>$70.00</td>
<td>$114.0K</td>
<td>4.2K</td>
<td>200</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/10/25</td>
<td>$4.25</td>
<td>$3.55</td>
<td>$3.68</td>
<td>$62.00</td>
<td>$113.8K</td>
<td>382</td>
<td>0</td>
</tr>
</tbody>
</table>

<h3>About Western Digital</h3>
Western Digital is a leading vertically integrated supplier of data storage solutions, spanning both hard disk drives and solid-state drives. In the HDD market it forms a practical duopoly with Seagate, and it is the largest global producer of NAND flash chips for SSDs in a joint venture with competitor Kioxia.
After a thorough review of the options trading surrounding Western Digital, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of Western Digital</h3>
<ul>
<li>With a trading volume of 4,013,013, the price of WDC is up by 2.7%, reaching $65.8.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 17 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Western Digital</h3>
In the last month, 3 experts released ratings on this stock with an average target price of $81.66666666666667.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Reflecting concerns, an analyst from Benchmark lowers its rating to Buy with a new price target of $70. 
&#x2A; An analyst from Mizuho persists with their Outperform rating on Western Digital, maintaining a target price of $82. 
&#x2A; An analyst from Morgan Stanley has decided to maintain their Overweight rating on Western Digital, which currently sits at a price target of $93. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Western Digital with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Decoding Western Digital's Options Activity: What's the Big Picture?

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Keefe, Bruyette &amp; Woods raised the price target for Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) from $82 to $85. Keefe, Bruyette &amp; Woods analyst David Konrad maintained an Outperform rating. Citigroup shares closed at $69.94 on Thursday. <a href="https://www.benzinga.com/quote/C/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Jefferies boosted Las Vegas Sands Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>) price target from $60 to $69. Jefferies analyst David Katz upgraded the stock from Hold to Buy. SLB shares closed at $49.90 on Thursday. See how other analysts view this stock.</li>
<li>Barclays raised the price target for Robert Half Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RHI#NYSE">RHI</a>) from $60 to $80. Barclays analyst Manav Patnaik upgraded the rating from Underweight to Equal-Weight. Robert Half shares closed at $68.51 on Thursday. <a href="https://www.benzinga.com/quote/RHI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan cut the price target for Caesars Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>) from $58 to $57. JP Morgan analyst Joseph Greff maintained an Overweight rating. Caesars Entertainment shares closed at $32.59 on Thursday. See how other analysts view this stock.</li>
<li>Jefferies cut Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) price target from $109 to $105. Jefferies analyst David Katz maintained a Hold rating. Wynn Resorts shares settled at $83.80 on Thursday. <a href="https://www.benzinga.com/quote/WYNN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Truist Securities cut Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) price target from $360 to $351. Truist Securities analyst William Stein maintained a Hold rating. Tesla shares closed at $379.28 on Thursday. <a href="https://www.benzinga.com/quote/TSLA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Citigroup raised eBay Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) price target from $68 to $75. Citigroup analyst Ygal Arounian maintained a Buy rating. eBay shares closed at $62.27 on Thursday.  <a href="https://www.benzinga.com/quote/EBAY/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Benchmark raised the price target for Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) from $555 to $720. Benchmark analyst Matthew Harrigan maintained a Sell rating. Netflix shares settled at $886.73 on Thursday. <a href="https://www.benzinga.com/quote/NFLX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Mizuho cut Western Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) price target from $90 to $82. Mizuho analyst Vijay Rakesh maintained an Outperform rating. Western Digital shares closed at $61.87 on Thursday. <a href="https://www.benzinga.com/quote/WDC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan increased The Progressive Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) price target from $251 to $256. JP Morgan analyst Jimmy Bhullar maintained an Overweight rating. Progressive shares closed at $240.65 on Thursday. <a href="https://www.benzinga.com/quote/PGR/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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EBAY

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WYNN

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Mizuho analyst Vijay Rakesh maintains Western Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) with a Outperform and lowers the price target from $90 to $82.

Mizuho Maintains Outperform on Western Digital, Lowers Price Target to $82

Deep-pocketed investors have adopted a bullish approach towards Western Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in WDC usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 17 extraordinary options activities for Western Digital. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 64% leaning bullish and 23% bearish. Among these notable options, 10 are puts, totaling $453,093, and 7 are calls, amounting to $347,539.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $55.0 to $75.0 for Western Digital during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Western Digital options trades today is 2310.5 with a total volume of 15,544.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Western Digital's big money trades within a strike price range of $55.0 to $75.0 over the last 30 days.
<h3>Western Digital Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1735848036_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>WDC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$8.4</td>
<td>$8.3</td>
<td>$8.3</td>
<td>$67.50</td>
<td>$102.9K</td>
<td>302</td>
<td>125</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$2.04</td>
<td>$1.86</td>
<td>$1.86</td>
<td>$75.00</td>
<td>$81.2K</td>
<td>20.1K</td>
<td>2.3K</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$3.9</td>
<td>$3.75</td>
<td>$3.9</td>
<td>$59.00</td>
<td>$77.2K</td>
<td>100</td>
<td>200</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$2.01</td>
<td>$1.81</td>
<td>$1.81</td>
<td>$75.00</td>
<td>$67.5K</td>
<td>20.1K</td>
<td>4.0K</td>
</tr>
<tr>
<td>WDC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$9.9</td>
<td>$9.75</td>
<td>$9.75</td>
<td>$70.00</td>
<td>$62.4K</td>
<td>1</td>
<td>129</td>
</tr>
</tbody>
</table>

<h3>About Western Digital</h3>
Western Digital is a leading vertically integrated supplier of data storage solutions, spanning both hard disk drives and solid-state drives. In the HDD market it forms a practical duopoly with Seagate, and it is the largest global producer of NAND flash chips for SSDs in a joint venture with competitor Kioxia.
Following our analysis of the options activities associated with Western Digital, we pivot to a closer look at the company's own performance.
<h3>Present Market Standing of Western Digital</h3>
<ul>
<li>With a volume of 3,284,155, the price of WDC is up 0.82% at $60.12. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 21 days.</li>
</ul>
<h3>Expert Opinions on Western Digital</h3>
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $81.5.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Benchmark downgraded its action to Buy with a price target of $70. 
&#x2A; An analyst from Morgan Stanley has decided to maintain their Overweight rating on Western Digital, which currently sits at a price target of $93. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Western Digital options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Unpacking the Latest Options Trading Trends in Western Digital

The stock market has a well-documented tendency to deliver gains during the final trading days of December, a phenomenon known <a href="https://www.benzinga.com/24/12/42667439/us-stocks-to-open-higher-on-shortened-trading-day-as-santa-clause-rally-period-begins-says-analyst">as the &#8220;Santa Claus rally.&#8221; </a>
This period of optimism has historically brought cheer to investors, with the S&amp;P 500 gaining in 64 out of the last 96 years during the Dec. 24–Dec. 31 window, averaging a respectable 0.85% return, according to data from Seasonax.
The Santa Claus rally's most memorable performance occurred in 2018, when the S&amp;P 500 surged 6.6%, its strongest year-end rally on record. Close on its heels was 1933, which delivered a 5.5% rally.
On the flip side, 1937 and 2000 stand out as exceptions, with losses of 4.6% and 2.4%, respectively, over the same period.
The pattern holds true even during election years, offering hope to traders as 2024 wraps up. In the past 24 election years, the S&amp;P 500 has posted gains in 15 instances, averaging a modest 0.7% return. Notable rallies occurred in 2008, with a 4% rise, and in 1928, when the index climbed 3.4%.
<h3 class="wp-block-heading">10 Santa Rally Hyper Responders</h3>
For traders looking to capitalize on this seasonal tailwind, certain stocks have consistently outperformed during the Santa Claus rally window.
Here are 10 notable S&amp;P 500 stocks that have historically shone between Dec. 24 and Dec. 31 over the last 20 years:
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Company</th>
<th>Avg. Return</th>
<th>Median Return</th>
<th>Max Profit</th>
<th>Max Loss</th>
<th>Win Ratio</th>
</tr>
</thead>
<tbody>
<tr>
<td>Newmont Mining Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>)</td>
<td>+1.68%</td>
<td>+1.36%</td>
<td>+10.76%</td>
<td>-2.97%</td>
<td>65%</td>
</tr>
<tr>
<td>Illumina, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>)</td>
<td>+1.49%</td>
<td>+1.25%</td>
<td>+10.08%</td>
<td>-2.64%</td>
<td>60%</td>
</tr>
<tr>
<td>Western Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>)</td>
<td>+1.42%</td>
<td>+0.96%</td>
<td>+10.96%</td>
<td>-3.60%</td>
<td>60%</td>
</tr>
<tr>
<td>Assurant, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIZ#NYSE">AIZ</a>)</td>
<td>+1.41%</td>
<td>+0.56%</td>
<td>+14.33%</td>
<td>-4.07%</td>
<td>65%</td>
</tr>
<tr>
<td>Mohawk Industries, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MHK#NYSE">MHK</a>)</td>
<td>+1.32%</td>
<td>+1.22%</td>
<td>+8.81%</td>
<td>-3.94%</td>
<td>65%</td>
</tr>
<tr>
<td>Global Payments Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>)</td>
<td>+1.32%</td>
<td>+0.95%</td>
<td>+8.14%</td>
<td>-1.51%</td>
<td>75%</td>
</tr>
<tr>
<td>Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>)</td>
<td>+1.28%</td>
<td>+0.52%</td>
<td>+9.27%</td>
<td>-2.89%</td>
<td>60%</td>
</tr>
<tr>
<td>Goldman Sachs Group, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>)</td>
<td>+1.27%</td>
<td>+0.39%</td>
<td>+10.40%</td>
<td>-1.41%</td>
<td>70%</td>
</tr>
<tr>
<td>ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>)</td>
<td>+1.25%</td>
<td>+1.13%</td>
<td>+9.63%</td>
<td>-4.70%</td>
<td>60%</td>
</tr>
<tr>
<td>Ralph Lauren Corp. (NYSE RL)</td>
<td>+1.19%</td>
<td>+0.51%</td>
<td>+8.21%</td>
<td>-2.36%</td>
<td>65%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Data: Seasonax</figcaption></figure>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42671903/investors-aggressively-bought-stocks-etfs-despite-fed-volatile-week-bank-of-america-reveals-largest-inflows-since-2017">Investors Aggressively Bought Stocks, ETFs In Volatile Fed Week: Bank Of America Reveals Largest Inflows Since 2017</a></li>
</ul>
Photo: Shutterstock

Education

ILMN

Santa Claus Rally: 10 S&P 500 Stocks That Consistently Outperform During Year-End Optimism

It's the holiday season, but the stock market's festivities have been anything but cheerful this week.
At the week&#8217;s start traders were buoyed by a record-breaking Nasdaq 100 topping 22,000 and an optimistic outlook on interest rate cuts ahead <a href="https://www.benzinga.com/news/econ-s/24/12/42561549/fed-slashes-interest-rates-by-0-25-as-predicted-december-dot-plot-flags-only-2-potential-cuts-in-2025">of the Federal Reserve meeting</a>.
All signs pointed to the Santa Rally – a time Wall Street traditionally celebrates with stocks climbing during the final stretch of the year – making its grand entrance yet again in 2025.
Yet, just as traders were preparing for a festive year-end bull run, the Grinch arrived midweek to throw a wrench in the celebrations.
<h3 class="wp-block-heading">The Grinch Steals The Show</h3>
Wednesday marked a dramatic turn of events as the Federal Reserve's hawkish tone sent shockwaves through the markets. 
Chair Jerome Powell delivered a lump of coal to investors by declaring a "new phase" for monetary policy. While the Fed had already cut rates by 100 basis points since September, Powell hinted at a prolonged pause, citing rates moving &#8220;meaningfully&#8221; closer to neutral territory. 
The implications were clear: the days of aggressive cuts are over. Even worse than that, the Grinch didn&#8217;t rule out the possibility of a rate hike next year. This unexpected twist sent shivers down traders&#8217; spines, leaving markets rattled.
The CBOE Volatility Index or VIX – Wall Street's so-called fear gauge – spiked over 70% on Wednesday, its sharpest single-day surge since February 2018. 
The S&amp;P 500 and Dow Jones Industrial Average recorded their worst daily performances in over two years, while tech stocks sank like a stone in deep water.
Hopes for a Santa Rally seemed to crumble as the Grinch stole the show. 
<h3 class="wp-block-heading">A Christmas Miracle?</h3>
Just when it seemed all was lost, Friday brought a glimmer of hope—the kind of plot twist only a Christmas story could deliver. 
Fresh inflation data offered an unexpected gift to traders: the Fed's personal consumption expenditure (PCE) price index rose by 2.4% in November, falling short of the anticipated 2.5%. Even more encouraging, the core PCE, which excludes volatile food and energy prices, held steady at 2.8%, undercutting predictions of 2.9%.
This softer-than-expected inflation print was the equivalent to finding a shiny new toy under the tree.
Risk appetite rebounded swiftly, with traders rushing to scoop up the stocks battered during the week's earlier sell-off. 
Sentiment brightened, and with it, the Santa Rally narrative began to regain momentum.
<h3 class="wp-block-heading">The Santa Rally And Its Legacy</h3>
The stock market has a long-standing tendency to rally during the last trading days of December. 
According to data from Seasonax, the S&amp;P 500 has posted gains during the Dec. 20–Dec. 31 period in 76 out of the past 96 years, averaging a 1.92% return. Over the last eight years, this year-end rally has been remarkably consistent, delivering positive returns each time.
In the past three decades, the S&amp;P 500 has ended the year on a high note in 24 of 30 instances. Even the losses have been relatively mild, with the most recent December downturn occurring in 2022 when the index slipped by 1.8% during the final days.
With six trading days left in 2024, traders may still have time to save the Santa Rally.
<h3 class="wp-block-heading">10 Stocks To Watch For Year-End Gains</h3>
Looking back at 20 years of data, here are 10 standout names within the S&amp;P 500 index that have consistently delivered strong year-end performances: 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<th>Stock</th>
<th>Avg. Return</th>
<th>Max Gain</th>
<th>Max Loss</th>
<th>Win Ratio</th>
</tr>
<tr>
<td>Freeport-McMoRan Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>)</td>
<td>+3.63%</td>
<td>+14.63%</td>
<td>-13.51%</td>
<td>90%</td>
</tr>
<tr>
<td>Illumina, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>)</td>
<td>+3.62%</td>
<td>+20.76%</td>
<td>-2.56%</td>
<td>80%</td>
</tr>
<tr>
<td>Newmont Mining Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>)</td>
<td>+3.37%</td>
<td>+16.14%</td>
<td>-3.66%</td>
<td>75%</td>
</tr>
<tr>
<td>The Mosaic Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOS#NYSE">MOS</a>)</td>
<td>+3.29%</td>
<td>+13.26%</td>
<td>-5.98%</td>
<td>75%</td>
</tr>
<tr>
<td>Global Payments Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>)</td>
<td>+3.06%</td>
<td>+9.31%</td>
<td>-2.12%</td>
<td>75%</td>
</tr>
<tr>
<td>CBRE Group, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBRE#NYSE">CBRE</a>)</td>
<td>+2.94%</td>
<td>+13.46%</td>
<td>-2.25%</td>
<td>75%</td>
</tr>
<tr>
<td>Invesco Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVZ#NYSE">IVZ</a>)</td>
<td>+2.80%</td>
<td>+10.23%</td>
<td>-2.83%</td>
<td>70%</td>
</tr>
<tr>
<td>ON Semiconductor Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>)</td>
<td>+2.73%</td>
<td>+11.45%</td>
<td>-3.78%</td>
<td>70%</td>
</tr>
<tr>
<td>Mohawk Industries, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MHK#NYSE">MHK</a>)</td>
<td>+2.60%</td>
<td>+13.58%</td>
<td>-6.57%</td>
<td>70%</td>
</tr>
<tr>
<td>Western Digital Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>)</td>
<td>+2.59%</td>
<td>+22.24%</td>
<td>-3.78%</td>
<td>65%</td>
</tr>
</tbody>
</table>
</figure>
Read now: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42627985/which-magnificent-7-stock-will-gain-the-most-in-a-santa-claus-rally-28-select">Which Magnificent 7 Stock Will Do Best In Santa Claus Rally? Tesla Edged Out As 28% Select…</a></li>
</ul>
Photo: Courtesy of Shutterstock.

Equities

Macro Economic Events

Econ #s

Economics

Federal Reserve

CBRE

Traders Fight The Grinch To Save The Santa Rally: 10 S&P 500 Stocks Poised For A Year-End Surge

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