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Citi: Western Digital: Shipments by capacity slightly below expectations; pricing and margins drive earnings beat

Revenue for the September quarter rose 55% year over year. Shipped capacity was slightly below market expectations, but prices rose approximately 27% year over year, and gross margin reached 58.1%. Revenue and earnings guidance for the December quarter remained above consensus. Citi is optimistic that hard drive supply and demand will support pricing, while watching whether the company can sustain its advantages in demand, costs and technology strategy.

Citi: BJ’s third-quarter preview: Same-store growth expected to remain steady; further valuation gains depend on new openings

Citi expects BJ’s third-quarter same-store sales to grow 5%, close to the market consensus, and expects full-year guidance to remain intact. However, transaction growth is slowing and earnings forecasts have been trimmed; after the stock’s approximately 40% gain this year, further revaluation requires new-store expansion alongside improvements in traffic and margins.

Citi: Asian ETFs attract large inflows, while foreign investors are net sellers in Taiwan and South Korea

Citi’s tracking shows that China, Taiwan and South Korea ETFs together attracted 30 billion US dollars in a single week, while foreign investors were net sellers in Taiwan and South Korea over the same period. Fund subscriptions and foreign trading diverged, and global inflows also showed a clear preference for ETFs.