Dell May See PC Sales Fall and 3 Stocks that Have Hit 52-Week Lows
Dell Inc. (NASDAQ:DELL) and Hewlett-Packard (NYSE:HPQ) could see their global PC market shares keep falling 2013, according to DigiTimes. Sources from supply chain makers claim that Lenovo, Asustek Computer, and Apple (NASDAQ:AAPL) should rise and significantly change the PC supply chain’s ecosystem. The shares closed at $9.69, up $0.34 or 3.64% on the day. They have traded in a 52-week range of $9.33 to $18.36.
Stec (NASDAQ:STEC): Near-term prospects for ultrabooks don’t look good, but the solid state drives, or SSDs, employed by these next-generation notebooks and other products are able to be used in diverse ways and are so compelling in their value proposition that their growth outlook has fallen only slightly, according to research firm IHS iSuppli. SSD shipments during the year’s first half reached 12.9 million units, the firm estimated. Shipments were at 10.5 million during Q3 and will increase to 17.5 million units in Q4, totaling 28 million units in the second half more than double the amount that was shipped during the year’s first half, according to the firm. This is down from the previous forecast of 13 million in Q3 and 20 million during Q4. The shares closed at $6.17, down $0.03 or 0.48% on the day. They have traded in a 52-week range of $6.13 to $11.98.
Thq Inc. (NASDAQ:THQI): U.S. video game industry sales of physical games, consoles, and accessories saw a decline of 24 percent during September from last year, falling to $848 million, according to The Los Angeles Times, citing data from research firm NPD Group. NPD added that with the sales of used games, digital downloads, and rentals, September revenue reached nearly $1.6 billion. The shares closed at $3.35, down $0.08 or 2.33% on the day. They have traded in a 52-week range of $3.36 to $25.10.
Travelzoo Inc (NASDAQ:TZOO) CEO Chris Loughlin stated, “We continue to be positive about our long-term growth strategy, but we have found our hotel search offering and the group-buying voucher model not meeting the needs of hotels and users well enough, and therefore plan to adjust our product offering.” The shares closed at $20.02, down $3.48 or 14.81% on the day. They have traded in a 52-week range of $19.38 to $34.95.
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