Diamonds and Dogs
3D printers are back. After a dismal 2015, 3D Systems Corp (DDD) is surging 10%, up 115% year to date thanks to an upgrade this morning. After bottoming in January, the stock has been on a steady climb after hiring a new CEO, the former manager of HP's $26 billion printing business. Today, Merrill Lynch upgraded the stock to a "buy" from "underperform." They also raised their price target on 3D to $26 a share from $11 a share. The company is expected to release earnings on May 4th.
Looks like a whirlpool is dragging today's dog down to its 52 week low. Seagate Technology (STX) dropped 20% today after surprising Wallstreet with a negative preannouncement of earnings. Barron's highlighted the stock this past week saying it was time to buy. So much for that recommendation. Seagate had a great dividend yield going into today. After a 20% drop the yield is up to 9.3%. If they keep it, the stock should be a good one going forward. We'll see what the company says when they report their full report on April 29th.