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Analyst View, Impact of Global Events - Research Report on Western Digital Corp. and Buffalo Wild Wings(October 21, 2011)
HONG KONG -- (Marketwire) -- 10/21/11 -- Today, www.WorldStreetFundamentals.com released its industry report highlighting Western Digital Corp. (NYSE: WDC) and Buffalo Wild Wings (NASDAQ: BWLD). Full fundamental and technical analysis is available at www.WorldStreetFundamentals.com/Reports.php?id=WDC+BWLD.
Short-term outlooks within US and global economies continue to adjust downward, as US Treasury yields touched their lowest levels in over 65 years. International Monetary Fund downgraded estimates for US growth by 1.0% this year, down from 2.5%. "Significant downside risks" to the US economy were confirmed by the Federal Reserve pressured by "strains in global financial markets."
As the US dollar trades above an eight-month high against the Euro, it highlights a deepening of the Eurozone sovereign debt crisis -- furthered by continued policy inaction from European governments. We expect continued volatility until economic data stabilizes and we see decisive policy action to deal with the Eurozone debt crisis.
Our members are preparing for a turn in tides. Currently, the Credit Suisse Risk Appetite Indicator is at a 30-year low. For the past three occurrences, this level has acted as a leading indicator of large stock market rallies 18 months following.
World Street Fundamentals has highlighted Western Digital Corp. for its current position within the technology industry. Western Digital Corporation (WD) designs, develops, manufactures and sells hard drives. It sells its products worldwide to original equipment manufacturers (OEMs) and original design manufacturers (ODMs) for use in computer systems, subsystems or consumer electronics (CE) devices, and to distributors, resellers and retailers. The entire report on Western Digital Corp. (NYSE: WDC) is available here: www.WorldStreetFundamentals.com/Report.php?id=WDC.
World Street has featured Buffalo Wild Wings for its development within the services industry. Buffalo Wild Wings, Inc. is an owner, operator and franchisor of restaurants featuring a variety of menu items, including its Buffalo, New York-style chicken wings spun in any of its 14 signature sauces or four signature seasonings. The entire report on Buffalo Wild Wings (NASDAQ: BWLD) is available here: www.WorldStreetFundamentals.com/Report.php?id=BWLD.
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