Hard Drive Stocks: Looking Ahead
In the following video, analysts Brenton Flynn and Austin Smith discuss hard-disk drive juggernauts Seagate and Western Digital. After catastrophic flooding ravaged the industry's supply chain last year, Seagate emerged relatively unscathed and was able to ride its short-term position as the only game in town to massive gains. However, Western Digital is back in action, and the supply/demand equation has reached relative equilibrium once again. With solid-state storage staring the industry in the face as a major long-term threat, investors have to wonder how how long Seagate and Western Digital can leverage their dominant 80%-plus market share.
One thing supporting demand for hard drives is huge growth in the amount of data we store every year, which grows by a mind-boggling 60% annually. We've created a new special free report to help investors make sense of this trend and pick out a winner. We've called it: "The Only Stock You Need To Profit From the NEW Technology Revolution." The report highlights a company that has booked massive gains since first recommended by Fool analysts, but still has plenty of room left to run. Thousands have requested access to this special free report, and now you can get it today at no cost. To get instant access to the name of this company transforming the IT industry, click here -- it's free.
The article Hard Drive Stocks: Looking Ahead originally appeared on Fool.com.Austin Smith has no positions in the stocks mentioned above. Brenton Flynn has no positions in the stocks mentioned above. The Motley Fool owns shares of Western Digital. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.