Friday's First Moves: WDC & STX PT Cuts, NFLX New Content Chief, FOXA Double Upgrade

More bearish headlines for the AI trade hit Western Digital (WDC) and Seagate (STX) after Wells Fargo slashed price targets for both. Diane King Hall says the lower price targets don't necessarily indicate a heel turn from the firms' bullish stance. In the entertainment space, BofA's double upgrade in Fox Corp. (FOXA) gave green light for a bull run in the stock, though Netflix (NFLX) investors showed hesitancy in the streaming giant's new content chief.

Opening Bell With Nicole Petallides

16 Oct 2026

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