This tech stock was downgraded after doubling in a year because that’s ‘as good as it gets’

Jefferies lowered its rating on Western Digital to hold from buy, citing the risk of too much flash memory supply in the coming year.The company reported better-than-expected fiscal third-quarter earnings Thursday. Western Digital manufactures hard drives and flash...

U.S. casino stocks with Macau exposure rally after Macau revenue beats

Wynn Resorts stock is up more than 3 percent intraday after Macau’s April casino gross gaming revenue rose 16.3 percent, ahead of analysts’ consensus for 15 percent growth. Also, shares of MGM Resorts and Las Vegas Sands were each up more than 1 percent...