Unnamed: 0
stringlengths 3
8
| Date
stringlengths 23
23
| Article_title
stringlengths 1
250
| Stock_symbol
stringlengths 1
5
| Url
stringlengths 44
135
| Publisher
stringclasses 1
value | Author
stringclasses 1
value | Article
stringlengths 1
343k
| Lsa_summary
stringlengths 3
53.9k
| Luhn_summary
stringlengths 1
53.9k
| Textrank_summary
stringlengths 1
53.9k
| Lexrank_summary
stringlengths 1
53.9k
| uuid
stringlengths 36
36
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
725500.0
|
2023-05-24 00:00:00 UTC
|
China was reducing Micron chip purchases years before ban
|
DELL
|
https://www.nasdaq.com/articles/china-was-reducing-micron-chip-purchases-years-before-ban
|
nan
|
nan
|
By Eduardo Baptista
BEIJING, May 24 (Reuters) - In the years before China declared U.S. firm Micron Technology's MU.O products a national security risk, authorities were already scaling back purchases of its chips, opting instead for domestic or South Korean options, documents showed.
A Reuters review of over a hundred public government tenders found that while previously Chinese government authorities regularly put out purchase requests for Micron's chips for use in projects such as tax systems to surveillance networks, such requests dried up dramatically from 2020.
Instead, the bulk of memory chip purchases from such entities have gone to domestic firms including Huawei Technologies, server maker Inspur 000977.SZ as well as surveillance giants Uniview and Hikvision 002415.SZ.
While China's sudden move this week to block key industries from using Micron products appeared to be the result of heightened Sino-U.S. tensions, the tender documents suggest Beijing had laid the groundwork for years, in effect limiting the disruptions caused by such a ban.
At the same time, analysts say the biggest U.S. memory chip maker had become an easier target if Beijing wanted to retaliate against Washington's curbs on tech exports, given China's own advances in memory chip production.
"Most of its chips are replaceable with Chinese-made alternatives, and for those that are not, there are other foreign firms whose chips China can procure," said Alfredo Montufar-Helu, Beijing-based head of think tank The Conference Board's China Center.
"So banning Micron’s products does not hurt China."
China's cyberspace regulator, which conducted the review of Micron's products, did not specify what security risks they found.
In response to Reuters' request for comment, a Micron spokesperson said the company was "assessing next steps" in response to the ban but did not comment on questions about tenders.
China's State Council did not respond to a request for comment.
DOMESTIC DRIVE
It was not clear from the tenders why requests from government-affiliated entities for Micron products dried up so dramatically from 2020, including what effect the pandemic may have had over that period.
There were only four tenders that mentioned Micron products over the past three years. They include a tender by a weather bureau from Changzhou city, in the eastern province of Jiangsu, for two dozen storage devices, and a hospital in Zouping city, in the eastern province of Shandong, for an image sensor.
By contrast, prior to 2020, Micron's products were sought by a range of local government bodies for projects that include sensitive work such as upgrades of surveillance camera and facial recognition networks in large cities.
Micron chips, for example, were one of the many products purchased in two big tenders offered in 2019 -- one worth 187 million yuan ($27.05 million) and the other 29 million yuan -- from police authorities in the southern factory hub of Dongguan.
An August 2015 tender also showed that China's National Tax Administration spent over 5.6 million yuan on purchasing almost 8,000 Micron chips for servers in its invoice system.
China has for over a decade had a long-running campaign to reduce reliance on foreign technologies, asking state affiliated firms such as banks to switch to local software and promoting domestic chip manufacturing.
Beijing ratcheted up the campaign in 2020, when its leaders proposed a so-called "dual circulation" growth model to reduce reliance on overseas markets and technology.
Several tenders from the past year had "domestic made" product requirement requests.
For example, a January tender for a "smart public security" project in the southern city of Taishan explicitly requested flash memory chips be domestically produced, assigning it almost 200,000 yuan.
The project is made up of several hundred different pieces of hardware and software, with Hikvision supplying 41 of these, Huawei products accounting for 16, and an unspecified "domestic made" request tagged on 288 other products.
To be sure, government procurement databases often redact or eschew sensitive details, and more information on Micron orders is likely available on paid-for private tender document databases.
Chips made by South Korea's SK Hynix 000660.KS and Samsung Electronics 005930.KS also continued to be included in large government contracts, but often to supplement domestic products.
Meanwhile, U.S. firms are still big players with Intel INTC.O processors, Nvidia NVDA.O GPUs, and Dell DELL.N servers purchased by hundreds of government bodies since 2020.
However, for Micron, the dramatic drop in government tenders for its chips adds to the U.S. firm's troubles in China.
In 2018, Micron became embroiled in a patent dispute with Chinese state-backed chip maker Fujian Jinhua, accusing it of conspiring to steal trade secrets.
The dispute led to a temporary sales ban of Micron's main products in China that year, and was followed by a shutdown of its DRAM operations in Shanghai last year amid escalating trade tension with Washington.
China was once Micron's biggest market, generating half of its $20 billion revenue in fiscal 2017 - that share shrank to just 16% last year.
"Micron has been in the ‘eye of the hurricane’ for quite some time already, with its operations in China facing increasing challenges over the past years," said analyst Montufar-Helu.
($1 = 6.9121 Chinese yuan)
How dependent is Micron on China? https://tmsnrt.rs/3q0Q4fs
China's share less than a fourth https://tmsnrt.rs/43bGxjK
(Reporting by Eduardo Baptista in Beijing; Editing by Brenda Goh, Miyoung Kim and Sam Holmes)
((Eduardo.MonteiroBaptista@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Meanwhile, U.S. firms are still big players with Intel INTC.O processors, Nvidia NVDA.O GPUs, and Dell DELL.N servers purchased by hundreds of government bodies since 2020. By Eduardo Baptista BEIJING, May 24 (Reuters) - In the years before China declared U.S. firm Micron Technology's MU.O products a national security risk, authorities were already scaling back purchases of its chips, opting instead for domestic or South Korean options, documents showed. While China's sudden move this week to block key industries from using Micron products appeared to be the result of heightened Sino-U.S. tensions, the tender documents suggest Beijing had laid the groundwork for years, in effect limiting the disruptions caused by such a ban.
|
Meanwhile, U.S. firms are still big players with Intel INTC.O processors, Nvidia NVDA.O GPUs, and Dell DELL.N servers purchased by hundreds of government bodies since 2020. By Eduardo Baptista BEIJING, May 24 (Reuters) - In the years before China declared U.S. firm Micron Technology's MU.O products a national security risk, authorities were already scaling back purchases of its chips, opting instead for domestic or South Korean options, documents showed. A Reuters review of over a hundred public government tenders found that while previously Chinese government authorities regularly put out purchase requests for Micron's chips for use in projects such as tax systems to surveillance networks, such requests dried up dramatically from 2020.
|
Meanwhile, U.S. firms are still big players with Intel INTC.O processors, Nvidia NVDA.O GPUs, and Dell DELL.N servers purchased by hundreds of government bodies since 2020. By Eduardo Baptista BEIJING, May 24 (Reuters) - In the years before China declared U.S. firm Micron Technology's MU.O products a national security risk, authorities were already scaling back purchases of its chips, opting instead for domestic or South Korean options, documents showed. A Reuters review of over a hundred public government tenders found that while previously Chinese government authorities regularly put out purchase requests for Micron's chips for use in projects such as tax systems to surveillance networks, such requests dried up dramatically from 2020.
|
Meanwhile, U.S. firms are still big players with Intel INTC.O processors, Nvidia NVDA.O GPUs, and Dell DELL.N servers purchased by hundreds of government bodies since 2020. A Reuters review of over a hundred public government tenders found that while previously Chinese government authorities regularly put out purchase requests for Micron's chips for use in projects such as tax systems to surveillance networks, such requests dried up dramatically from 2020. China has for over a decade had a long-running campaign to reduce reliance on foreign technologies, asking state affiliated firms such as banks to switch to local software and promoting domestic chip manufacturing.
|
7f5ca564-ea38-47d6-af30-a0909cf001c9
|
725501.0
|
2023-05-24 00:00:00 UTC
|
ANALYSIS-China was reducing Micron chip purchases years before ban
|
DELL
|
https://www.nasdaq.com/articles/analysis-china-was-reducing-micron-chip-purchases-years-before-ban
|
nan
|
nan
|
By Eduardo Baptista
BEIJING, May 24 (Reuters) - In the years before China declared U.S. firm Micron Technology's MU.O products a national security risk, authorities were already scaling back purchases of its chips, opting instead for domestic or South Korean options, documents showed.
A Reuters review of over a hundred public government tenders found that while previously Chinese government authorities regularly put out purchase requests for Micron's chips for use in projects such as tax systems to surveillance networks, such requests dried up dramatically from 2020.
Instead, the bulk of memory chip purchases from such entities have gone to domestic firms including Huawei Technologies, server maker Inspur 000977.SZ as well as surveillance giants Uniview and Hikvision 002415.SZ.
While China's sudden move this week to block key industries from using Micron products appeared to be the result of heightened Sino-U.S. tensions, the tender documents suggest Beijing had laid the groundwork for years, in effect limiting the disruptions caused by such a ban.
At the same time, analysts say the biggest U.S. memory chip maker had become an easier target if Beijing wanted to retaliate against Washington's curbs on tech exports, given China's own advances in memory chip production.
"Most of its chips are replaceable with Chinese-made alternatives, and for those that are not, there are other foreign firms whose chips China can procure," said Alfredo Montufar-Helu, Beijing-based head of think tank The Conference Board's China Center.
"So banning Micron’s products does not hurt China."
China's cyberspace regulator, which conducted the review of Micron's products, did not specify what security risks they found.
In response to Reuters' request for comment, a Micron spokesperson said the company was "assessing next steps" in response to the ban but did not comment on questions about tenders.
China's State Council did not respond to a request for comment.
DOMESTIC DRIVE
It was not clear from the tenders why requests from government-affiliated entities for Micron products dried up so dramatically from 2020, including what effect the pandemic may have had over that period.
There were only four tenders that mentioned Micron products over the past three years. They include a tender by a weather bureau from Changzhou city, in the eastern province of Jiangsu, for two dozen storage devices, and a hospital in Zouping city, in the northeastern province of Shandong, for an image sensor.
By contrast, prior to 2020, Micron's products were sought by a range of local government bodies for projects that include sensitive work such as upgrades of surveillance camera and facial recognition networks in large cities.
Micron chips, for example, were one of the many products purchased in two big tenders offered in 2019 -- one worth 187 million yuan ($27.05 million) and the other 29 million yuan -- from police authorities in the southern factory hub of Dongguan.
An August 2015 tender also showed that China's National Tax Administration spent over 5.6 million yuan on purchasing almost 8,000 Micron chips for servers in its invoice system.
China has for over a decade had a long-running campaign to reduce reliance on foreign technologies, asking state affiliated firms such as banks to switch to local software and promoting domestic chip manufacturing.
Beijing ratcheted up the campaign in 2020, when its leaders proposed a so-called "dual circulation" growth model to reduce reliance on overseas markets and technology.
Several tenders from the past year had "domestic made" product requirement requests.
For example, a January tender for a "smart public security" project in the southern city of Taishan explicitly requested flash memory chips be domestically produced, assigning it almost 200,000 yuan.
The project is made up of several hundred different pieces of hardware and software, with Hikvision supplying 41 of these, Huawei products accounting for 16, and an unspecified "domestic made" request tagged on 288 other products.
To be sure, government procurement databases often redact or eschew sensitive details, and more information on Micron orders is likely available on paid-for private tender document databases.
Chips made by South Korea's SK Hynix 000660.KS and Samsung Electronics 005930.KS also continued to be included in large government contracts, but often to supplement domestic products.
Meanwhile, U.S. firms are still big players with Intel INTC.O processors, Nvidia NVDA.O GPUs, and Dell DELL.N servers purchased by hundreds of government bodies since 2020.
However, for Micron, the dramatic drop in government tenders for its chips adds to the U.S. firm's troubles in China.
In 2018, Micron became embroiled in a patent dispute with Chinese state-backed chip maker Fujian Jinhua, accusing it of conspiring to steal trade secrets.
The dispute led to a temporary sales ban of Micron's main products in China that year, and was followed by a shutdown of its DRAM operations in Shanghai last year amid escalating trade tension with Washington.
China was once Micron's biggest market, generating half of its $20 billion revenue in fiscal 2017 - that share shrank to just 16% last year.
"Micron has been in the ‘eye of the hurricane’ for quite some time already, with its operations in China facing increasing challenges over the past years," said analyst Montufar-Helu.
($1 = 6.9121 Chinese yuan)
How dependent is Micron on China? https://tmsnrt.rs/3q0Q4fs
China's share less than a fourth https://tmsnrt.rs/43bGxjK
(Reporting by Eduardo Baptista in Beijing; Editing by Brenda Goh, Miyoung Kim and Sam Holmes)
((Eduardo.MonteiroBaptista@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Meanwhile, U.S. firms are still big players with Intel INTC.O processors, Nvidia NVDA.O GPUs, and Dell DELL.N servers purchased by hundreds of government bodies since 2020. By Eduardo Baptista BEIJING, May 24 (Reuters) - In the years before China declared U.S. firm Micron Technology's MU.O products a national security risk, authorities were already scaling back purchases of its chips, opting instead for domestic or South Korean options, documents showed. While China's sudden move this week to block key industries from using Micron products appeared to be the result of heightened Sino-U.S. tensions, the tender documents suggest Beijing had laid the groundwork for years, in effect limiting the disruptions caused by such a ban.
|
Meanwhile, U.S. firms are still big players with Intel INTC.O processors, Nvidia NVDA.O GPUs, and Dell DELL.N servers purchased by hundreds of government bodies since 2020. By Eduardo Baptista BEIJING, May 24 (Reuters) - In the years before China declared U.S. firm Micron Technology's MU.O products a national security risk, authorities were already scaling back purchases of its chips, opting instead for domestic or South Korean options, documents showed. A Reuters review of over a hundred public government tenders found that while previously Chinese government authorities regularly put out purchase requests for Micron's chips for use in projects such as tax systems to surveillance networks, such requests dried up dramatically from 2020.
|
Meanwhile, U.S. firms are still big players with Intel INTC.O processors, Nvidia NVDA.O GPUs, and Dell DELL.N servers purchased by hundreds of government bodies since 2020. By Eduardo Baptista BEIJING, May 24 (Reuters) - In the years before China declared U.S. firm Micron Technology's MU.O products a national security risk, authorities were already scaling back purchases of its chips, opting instead for domestic or South Korean options, documents showed. A Reuters review of over a hundred public government tenders found that while previously Chinese government authorities regularly put out purchase requests for Micron's chips for use in projects such as tax systems to surveillance networks, such requests dried up dramatically from 2020.
|
Meanwhile, U.S. firms are still big players with Intel INTC.O processors, Nvidia NVDA.O GPUs, and Dell DELL.N servers purchased by hundreds of government bodies since 2020. A Reuters review of over a hundred public government tenders found that while previously Chinese government authorities regularly put out purchase requests for Micron's chips for use in projects such as tax systems to surveillance networks, such requests dried up dramatically from 2020. China has for over a decade had a long-running campaign to reduce reliance on foreign technologies, asking state affiliated firms such as banks to switch to local software and promoting domestic chip manufacturing.
|
dd91395c-74be-49a7-96d9-3c29418a0427
|
725502.0
|
2023-05-23 00:00:00 UTC
|
Time to Buy Snowflake or Nvidia Stock as Earnings Approach?
|
DELL
|
https://www.nasdaq.com/articles/time-to-buy-snowflake-or-nvidia-stock-as-earnings-approach
|
nan
|
nan
|
Tech innovators Nvidia (NVDA) and Snowflake's (SNOW) quarterly results on May 24 will highlight this week’s earnings lineup. As two of the more popular tech stocks investors are certainly wondering if shares of NVDA or SNOW can keep rising.
Both stocks have rebounded mightily this year especially Nvidia which has soared +111% to easily top the very respectable performances of the S&P 500 and Nasdaq. Snowflake’s +22% YTD performance has also edged the broader indexes.
Recent developments surrounding both companies’ endeavors into Artificial Intelligence could keep investor sentiment high. With that being said, let’s see if now is a good time to buy Nvidia or Snowflake stock for more upside as earnings approach.
Image Source: Zacks Investment Research
Nvidia Q1 Preview
The rebound among many chip stocks and the broader technology sector has been led by Nvidia’s strong performance. This makes Nvidia’s first-quarter report and outlook crucial after such an extensive rally over the first five months of the year.
AI Developments: Recent developments of a joint collaboration with Dell Technologies (DELL) on generative artificial intelligence (AI) are intriguing and could help the guidance side of Nvidia’s Q1 report. Project Helix as the venture is called will assist businesses with using AI models to deliver better customer service, market intelligence, and enterprise research among other capabilities.
According to Zacks estimates, Nvidia’s Q1 earnings are projected at $0.92 per share, which would be a -32% decrease from Q1 2023 EPS of $1.36 a share. Although Nvidia is still dealing with a tougher operating environment amid high inflation its stock tends to pop after beating earnings expectations, especially when offering favorable guidance.
To that point, the Zacks Expected Surprise Prediction (ESP) indicates Nvidia could beat bottom-line expectations with the Most Accurate Estimate having Q1 EPS at $0.94. On the top line, sales are expected to be $6.52 billion, down -21% from the prior-year quarter.
Image Source: Zacks Investment Research
Snowflake Q1 Preview
Software solutions provider Snowflake has commanded a premium in its realm similar to how Nvidia has among semiconductors and visual computing technologies. Snowflake’s data could capabilities and services have fostered the support of many notable investors. More upside in Snowflake stock will still rely on its Q1 results and guidance.
AI Developments: Notably, the database architect appears to be working on an intriguing artificial intelligence venture of its own with Snowflake reportedly in talks to buy AI search startup Neeva. Many analysts are very keen on the possibilities of the potential deal which could elevate and expand the software Snowflake provides along with its audience and end markets.
The Zacks Consensus for Snowflake’s Q1 earnings is $0.05 per share a seemingly small but 400% increase from Q1 2022 EPS of $0.01. The Zacks ESP indicates Snowflake should reach its quarterly earnings expectations with the Most Accurate Estimate also at $0.05 a share. Sales for the quarter are expected to be up 44% YoY at $607.57 million.
Image Source: Zacks Investment Research
Growth & Outlook
Despite Q1 EPS expected to be down from the prior-year quarter, Nvidia’s current fiscal 2024 earnings are still forecasted to rise 36% at $4.54 a share compared to EPS of $3.34 in the company’s FY23. Even better, FY25 earnings are projected to climb another 33% to $6.03 per share. Sales are projected to rise 11% in FY24 and jump another 25% in FY25 to $37.42 billion.
Image Source: Zacks Investment Research
Pivoting to Snowflake, earnings are expected to skyrocket 132% in its current fiscal 2024 to $0.58 a share compared to EPS of $0.25 in FY23. More impressive, fiscal 2025 earnings are anticipated to climb another 87% to $1.08 per share. On the top line, sales are projected to soar 39% in FY24 and climb another 39% in FY25 to $3.99 billion.
Image Source: Zacks Investment Research
Bottom Line
Artificial Intelligence could certainly boost Nvidia and Snowflake’s expansion capabilities with both stocks landing a Zacks Rank #3 (Hold) at the moment. Further guidance on their AI prospects could extend this year’s rally but at least reaching Q1 EPS expectations and offering a favorable outlook will be just as important.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%.
Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Snowflake Inc. (SNOW) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
AI Developments: Recent developments of a joint collaboration with Dell Technologies (DELL) on generative artificial intelligence (AI) are intriguing and could help the guidance side of Nvidia’s Q1 report. Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Snowflake Inc. (SNOW) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here. Project Helix as the venture is called will assist businesses with using AI models to deliver better customer service, market intelligence, and enterprise research among other capabilities.
|
Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Snowflake Inc. (SNOW) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here. AI Developments: Recent developments of a joint collaboration with Dell Technologies (DELL) on generative artificial intelligence (AI) are intriguing and could help the guidance side of Nvidia’s Q1 report. Image Source: Zacks Investment Research Nvidia Q1 Preview The rebound among many chip stocks and the broader technology sector has been led by Nvidia’s strong performance.
|
Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Snowflake Inc. (SNOW) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here. AI Developments: Recent developments of a joint collaboration with Dell Technologies (DELL) on generative artificial intelligence (AI) are intriguing and could help the guidance side of Nvidia’s Q1 report. Image Source: Zacks Investment Research Growth & Outlook Despite Q1 EPS expected to be down from the prior-year quarter, Nvidia’s current fiscal 2024 earnings are still forecasted to rise 36% at $4.54 a share compared to EPS of $3.34 in the company’s FY23.
|
AI Developments: Recent developments of a joint collaboration with Dell Technologies (DELL) on generative artificial intelligence (AI) are intriguing and could help the guidance side of Nvidia’s Q1 report. Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Snowflake Inc. (SNOW) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks ESP indicates Snowflake should reach its quarterly earnings expectations with the Most Accurate Estimate also at $0.05 a share.
|
3da7b8a2-df86-4dd5-850f-7100ccc19ca0
|
725503.0
|
2023-05-19 00:00:00 UTC
|
Noteworthy Friday Option Activity: DELL, ARE, BAC
|
DELL
|
https://www.nasdaq.com/articles/noteworthy-friday-option-activity%3A-dell-are-bac
|
nan
|
nan
|
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Dell Technologies Inc (Symbol: DELL), where a total of 17,679 contracts have traded so far, representing approximately 1.8 million underlying shares. That amounts to about 48.7% of DELL's average daily trading volume over the past month of 3.6 million shares. Especially high volume was seen for the $37.50 strike put option expiring July 21, 2023, with 6,001 contracts trading so far today, representing approximately 600,100 underlying shares of DELL. Below is a chart showing DELL's trailing twelve month trading history, with the $37.50 strike highlighted in orange:
Alexandria Real Estate Equities Inc (Symbol: ARE) saw options trading volume of 4,104 contracts, representing approximately 410,400 underlying shares or approximately 47% of ARE's average daily trading volume over the past month, of 873,025 shares. Especially high volume was seen for the $120 strike call option expiring June 16, 2023, with 866 contracts trading so far today, representing approximately 86,600 underlying shares of ARE. Below is a chart showing ARE's trailing twelve month trading history, with the $120 strike highlighted in orange:
And Bank of America Corp (Symbol: BAC) options are showing a volume of 210,770 contracts thus far today. That number of contracts represents approximately 21.1 million underlying shares, working out to a sizeable 46.6% of BAC's average daily trading volume over the past month, of 45.2 million shares. Especially high volume was seen for the $28.50 strike call option expiring May 19, 2023, with 21,650 contracts trading so far today, representing approximately 2.2 million underlying shares of BAC. Below is a chart showing BAC's trailing twelve month trading history, with the $28.50 strike highlighted in orange:
For the various different available expirations for DELL options, ARE options, or BAC options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
WLRH Videos
TFX Average Annual Return
EYEN YTD Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Especially high volume was seen for the $37.50 strike put option expiring July 21, 2023, with 6,001 contracts trading so far today, representing approximately 600,100 underlying shares of DELL. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Dell Technologies Inc (Symbol: DELL), where a total of 17,679 contracts have traded so far, representing approximately 1.8 million underlying shares. That amounts to about 48.7% of DELL's average daily trading volume over the past month of 3.6 million shares.
|
Below is a chart showing DELL's trailing twelve month trading history, with the $37.50 strike highlighted in orange: Alexandria Real Estate Equities Inc (Symbol: ARE) saw options trading volume of 4,104 contracts, representing approximately 410,400 underlying shares or approximately 47% of ARE's average daily trading volume over the past month, of 873,025 shares. Below is a chart showing BAC's trailing twelve month trading history, with the $28.50 strike highlighted in orange: For the various different available expirations for DELL options, ARE options, or BAC options, visit StockOptionsChannel.com. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Dell Technologies Inc (Symbol: DELL), where a total of 17,679 contracts have traded so far, representing approximately 1.8 million underlying shares.
|
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Dell Technologies Inc (Symbol: DELL), where a total of 17,679 contracts have traded so far, representing approximately 1.8 million underlying shares. Below is a chart showing DELL's trailing twelve month trading history, with the $37.50 strike highlighted in orange: Alexandria Real Estate Equities Inc (Symbol: ARE) saw options trading volume of 4,104 contracts, representing approximately 410,400 underlying shares or approximately 47% of ARE's average daily trading volume over the past month, of 873,025 shares. That amounts to about 48.7% of DELL's average daily trading volume over the past month of 3.6 million shares.
|
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Dell Technologies Inc (Symbol: DELL), where a total of 17,679 contracts have traded so far, representing approximately 1.8 million underlying shares. Below is a chart showing DELL's trailing twelve month trading history, with the $37.50 strike highlighted in orange: Alexandria Real Estate Equities Inc (Symbol: ARE) saw options trading volume of 4,104 contracts, representing approximately 410,400 underlying shares or approximately 47% of ARE's average daily trading volume over the past month, of 873,025 shares. That amounts to about 48.7% of DELL's average daily trading volume over the past month of 3.6 million shares.
|
e35b3fbf-cdb2-437f-b4d4-8cd125c740df
|
725504.0
|
2023-05-19 00:00:00 UTC
|
Evercore ISI Group Maintains Dell Technologies Inc - Class C (DELL) Outperform Recommendation
|
DELL
|
https://www.nasdaq.com/articles/evercore-isi-group-maintains-dell-technologies-inc-class-c-dell-outperform-recommendation
|
nan
|
nan
|
Fintel reports that on May 19, 2023, Evercore ISI Group maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Outperform recommendation.
Analyst Price Forecast Suggests 3.61% Upside
As of May 11, 2023, the average one-year price target for Dell Technologies Inc - Class C is 48.82. The forecasts range from a low of 40.40 to a high of $57.75. The average price target represents an increase of 3.61% from its latest reported closing price of 47.12.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Dell Technologies Inc - Class C is 93,264MM, a decrease of 8.83%. The projected annual non-GAAP EPS is 6.46.
Dell Technologies Inc - Class C Declares $0.37 Dividend
On March 2, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Shareholders of record as of April 25, 2023 received the payment on May 5, 2023. Previously, the company paid $0.33 per share.
At the current share price of $47.12 / share, the stock's dividend yield is 3.14%.
Looking back five years and taking a sample every week, the average dividend yield has been 3.86%, the lowest has been 1.34%, and the highest has been 8.14%. The standard deviation of yields is 1.24 (n=207).
The current dividend yield is 0.58 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.44. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
What is the Fund Sentiment?
There are 1144 funds or institutions reporting positions in Dell Technologies Inc - Class C. This is a decrease of 21 owner(s) or 1.80% in the last quarter. Average portfolio weight of all funds dedicated to DELL is 0.16%, an increase of 10.07%. Total shares owned by institutions increased in the last three months by 0.86% to 213,297K shares.
The put/call ratio of DELL is 0.77, indicating a bullish outlook.
What are Other Shareholders Doing?
Dodge & Cox holds 18,473K shares representing 2.53% ownership of the company. In it's prior filing, the firm reported owning 19,218K shares, representing a decrease of 4.03%. The firm decreased its portfolio allocation in DELL by 4.51% over the last quarter.
DODGX - Dodge & Cox Stock Fund holds 12,982K shares representing 1.78% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,494K shares representing 1.03% ownership of the company. In it's prior filing, the firm reported owning 7,587K shares, representing a decrease of 1.25%. The firm increased its portfolio allocation in DELL by 7.36% over the last quarter.
Lsv Asset Management holds 5,977K shares representing 0.82% ownership of the company. In it's prior filing, the firm reported owning 6,054K shares, representing a decrease of 1.30%. The firm increased its portfolio allocation in DELL by 0.38% over the last quarter.
Citadel Advisors holds 5,193K shares representing 0.71% ownership of the company. In it's prior filing, the firm reported owning 4,522K shares, representing an increase of 12.92%. The firm decreased its portfolio allocation in DELL by 6.21% over the last quarter.
Dell Technologies Background Information
(This description is provided by the company.)
Dell Technologies helps organizations and individuals build their digital future and transform how they work, live and play. The company provides customers with the industry's broadest and most innovative technology and services portfolio for the data era.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 3, 2023 or ☐ TRANSITION REPORT PURS
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Dell Technologies helps organizations and individuals build their digital future and transform how they work, live and play. Fintel reports that on May 19, 2023, Evercore ISI Group maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Outperform recommendation. Analyst Price Forecast Suggests 3.61% Upside As of May 11, 2023, the average one-year price target for Dell Technologies Inc - Class C is 48.82.
|
Fintel reports that on May 19, 2023, Evercore ISI Group maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Outperform recommendation. Analyst Price Forecast Suggests 3.61% Upside As of May 11, 2023, the average one-year price target for Dell Technologies Inc - Class C is 48.82. The projected annual revenue for Dell Technologies Inc - Class C is 93,264MM, a decrease of 8.83%.
|
Dell Technologies Inc - Class C Declares $0.37 Dividend On March 2, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Fintel reports that on May 19, 2023, Evercore ISI Group maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Outperform recommendation. Analyst Price Forecast Suggests 3.61% Upside As of May 11, 2023, the average one-year price target for Dell Technologies Inc - Class C is 48.82.
|
The projected annual revenue for Dell Technologies Inc - Class C is 93,264MM, a decrease of 8.83%. Fintel reports that on May 19, 2023, Evercore ISI Group maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Outperform recommendation. Analyst Price Forecast Suggests 3.61% Upside As of May 11, 2023, the average one-year price target for Dell Technologies Inc - Class C is 48.82.
|
bdff7389-c018-40f1-b89d-d01e17c6c5cd
|
725505.0
|
2023-05-17 00:00:00 UTC
|
India launches $2 bln incentive package to boost IT hardware production
|
DELL
|
https://www.nasdaq.com/articles/india-launches-%242-bln-incentive-package-to-boost-it-hardware-production
|
nan
|
nan
|
By Munsif Vengattil
NEW DELHI, May 17 (Reuters) - India on Wednesday unveiled an expanded incentive scheme to attract big-ticket investments in IT hardware manufacturing, doubling the amount to $2 billion as it aims to spur domestic production of laptops and tablets.
The programme, which also covers personal computers and servers, is expected to benefit global and Indian companies such as Dell DELL.N, Wistron Corp 3231.TW, Dixon DIXO.NS, and Foxconn 2317.TW.
The scheme is key to India's ambitions to become a powerhouse in the global electronics supply chain, with the country targeting an annual output worth $300 billion by 2026.
"It will create additional incentives for companies to set up their manufacturing base in India," India's deputy IT minister Rajeev Chandrasekhar said.
The revised plan will be for a period of six years, with the country offering cash-backs for manufacturers on sales of locally made goods that exceed an annual target.
These companies are expected to produce nearly $41 billion of IT products and create more than 75,000 jobs, the government said.
The original incentive plan was announced in February 2021 with a $1 billion outlay.
MAIT, a key industry body that represent manufacturers such as Apple, Dell, and Samsung, welcomed the move and said it will help to meet the domestic demand for IT products as well as boost exports.
"We believe this scheme will help IT hardware sector to achieve the same level of success India had with smartphone manufacturing," said Ali Akhtar Jafri, Director General at MAIT.
(Reporting by Munsif Vengattil in New Delhi; Editing by Andrew Heavens and Jane Merriman)
((munsif.vengattil@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
MAIT, a key industry body that represent manufacturers such as Apple, Dell, and Samsung, welcomed the move and said it will help to meet the domestic demand for IT products as well as boost exports. The programme, which also covers personal computers and servers, is expected to benefit global and Indian companies such as Dell DELL.N, Wistron Corp 3231.TW, Dixon DIXO.NS, and Foxconn 2317.TW. By Munsif Vengattil NEW DELHI, May 17 (Reuters) - India on Wednesday unveiled an expanded incentive scheme to attract big-ticket investments in IT hardware manufacturing, doubling the amount to $2 billion as it aims to spur domestic production of laptops and tablets.
|
The programme, which also covers personal computers and servers, is expected to benefit global and Indian companies such as Dell DELL.N, Wistron Corp 3231.TW, Dixon DIXO.NS, and Foxconn 2317.TW. MAIT, a key industry body that represent manufacturers such as Apple, Dell, and Samsung, welcomed the move and said it will help to meet the domestic demand for IT products as well as boost exports. By Munsif Vengattil NEW DELHI, May 17 (Reuters) - India on Wednesday unveiled an expanded incentive scheme to attract big-ticket investments in IT hardware manufacturing, doubling the amount to $2 billion as it aims to spur domestic production of laptops and tablets.
|
The programme, which also covers personal computers and servers, is expected to benefit global and Indian companies such as Dell DELL.N, Wistron Corp 3231.TW, Dixon DIXO.NS, and Foxconn 2317.TW. MAIT, a key industry body that represent manufacturers such as Apple, Dell, and Samsung, welcomed the move and said it will help to meet the domestic demand for IT products as well as boost exports. By Munsif Vengattil NEW DELHI, May 17 (Reuters) - India on Wednesday unveiled an expanded incentive scheme to attract big-ticket investments in IT hardware manufacturing, doubling the amount to $2 billion as it aims to spur domestic production of laptops and tablets.
|
The programme, which also covers personal computers and servers, is expected to benefit global and Indian companies such as Dell DELL.N, Wistron Corp 3231.TW, Dixon DIXO.NS, and Foxconn 2317.TW. MAIT, a key industry body that represent manufacturers such as Apple, Dell, and Samsung, welcomed the move and said it will help to meet the domestic demand for IT products as well as boost exports. By Munsif Vengattil NEW DELHI, May 17 (Reuters) - India on Wednesday unveiled an expanded incentive scheme to attract big-ticket investments in IT hardware manufacturing, doubling the amount to $2 billion as it aims to spur domestic production of laptops and tablets.
|
7c0841d8-cedc-41d7-9ed8-7aba526d185b
|
725506.0
|
2023-05-04 00:00:00 UTC
|
Grid Dynamics (GDYN) Q1 Earnings Match Estimates
|
DELL
|
https://www.nasdaq.com/articles/grid-dynamics-gdyn-q1-earnings-match-estimates
|
nan
|
nan
|
Grid Dynamics (GDYN) came out with quarterly earnings of $0.08 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.10 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this company would post earnings of $0.11 per share when it actually produced earnings of $0.14, delivering a surprise of 27.27%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Grid Dynamics, which belongs to the Zacks Computers - IT Services industry, posted revenues of $80.08 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 0.89%. This compares to year-ago revenues of $71.41 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Grid Dynamics shares have added about 1.4% since the beginning of the year versus the S&P 500's gain of 6.5%.
What's Next for Grid Dynamics?
While Grid Dynamics has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Grid Dynamics: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.09 on $80.42 million in revenues for the coming quarter and $0.48 on $348.59 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computers - IT Services is currently in the top 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Dell Technologies (DELL), has yet to report results for the quarter ended April 2023. The results are expected to be released on June 1.
This computer and technology services provider is expected to post quarterly earnings of $0.86 per share in its upcoming report, which represents a year-over-year change of -53.3%. The consensus EPS estimate for the quarter has been revised 4.1% lower over the last 30 days to the current level.
Dell Technologies' revenues are expected to be $20.23 billion, down 22.5% from the year-ago quarter.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Grid Dynamics Holdings, Inc. (GDYN) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Another stock from the same industry, Dell Technologies (DELL), has yet to report results for the quarter ended April 2023. Dell Technologies' revenues are expected to be $20.23 billion, down 22.5% from the year-ago quarter. Click to get this free report Grid Dynamics Holdings, Inc. (GDYN) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Click to get this free report Grid Dynamics Holdings, Inc. (GDYN) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here. Another stock from the same industry, Dell Technologies (DELL), has yet to report results for the quarter ended April 2023. Dell Technologies' revenues are expected to be $20.23 billion, down 22.5% from the year-ago quarter.
|
Click to get this free report Grid Dynamics Holdings, Inc. (GDYN) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here. Another stock from the same industry, Dell Technologies (DELL), has yet to report results for the quarter ended April 2023. Dell Technologies' revenues are expected to be $20.23 billion, down 22.5% from the year-ago quarter.
|
Another stock from the same industry, Dell Technologies (DELL), has yet to report results for the quarter ended April 2023. Dell Technologies' revenues are expected to be $20.23 billion, down 22.5% from the year-ago quarter. Click to get this free report Grid Dynamics Holdings, Inc. (GDYN) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
eb301e80-1a72-4c24-a675-e53a57989d29
|
725507.0
|
2023-05-03 00:00:00 UTC
|
Will Slowing Services Growth Hurt Apple's (AAPL) Q2 Earnings?
|
DELL
|
https://www.nasdaq.com/articles/will-slowing-services-growth-hurt-apples-aapl-q2-earnings
|
nan
|
nan
|
Apple’s AAPL second-quarter fiscal 2023 results, to be reported on May 4, are expected to reflect the impacts of the sluggishness in the Services business.
The segment, which includes revenues from the App Store, Apple Music, iCloud, Apple Arcade, Apple TV+, Apple News+ and Apple Card, accounted for 17.7% of sales in first-quarter fiscal 2023.
Although Apple’s business primarily runs around its flagship iPhone, the Services portfolio has emerged as the company’s new cash cow.
Apple currently has more than 935 million paid subscribers across its Services portfolio. The App Store has been continuing to draw the attention of prominent developers from around the world, helping the company offer appealing apps to drive the App Store traffic, thereby expanding the subscriber base.
The company expected Services revenue growth to be negatively impacted by challenging macroeconomic conditions, unfavorable forex, as well as weakness in digital advertising and gaming. Services revenues grew 6.4% year over year to $20.77 billion in the fiscal first quarter.
Apple Inc. Revenue (TTM)
Apple Inc. revenue-ttm | Apple Inc. Quote
Click here to know how Apple’s overall fiscal second-quarter results are likely to be.
Apple’s Non-iPhone Revenues to Decline in Q2
Apple’s non-iPhone portfolio, which comprises Mac, iPad and Wearables, is expected to have declined in the fiscal second quarter.
This Zacks Rank #3 (Hold) company expects Mac and iPad revenues to decline in the double digits on a year-over-year basis due to challenging comparisons and macroeconomic headwinds. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Mac revenues are expected to have suffered from weak PC demand. Per Gartner’s latest report, 55.2 million PCs were shipped in the first quarter (March-end) of 2023, down 30% from the year-ago period. Shipments from Lenovo LNVGY, HP HPQ and Dell Technologies DELL declined 30.2%, 24.2% and 30.9%, respectively. Apple witnessed a 34.2% decline, worse than Lenovo, HP and Dell’s figures.
Overall, Lenovo remained the top vendor, with a market share of 23.3%. HP holds the second spot, with a market share of 21.8% in worldwide PC shipments. Dell’s market share was 17.3% in the first quarter of 2023.
Apple’s market share decreased from 9.3% in first-quarter 2022 to 8.7% in first-quarter 2023.
The Zacks Consensus Estimate for Mac revenues for the fiscal second quarter is pegged at $8.03 billion, implying a 23% decline from the figure reported in the year-ago quarter.
Moreover, the Zacks Consensus Estimate for iPad is pegged at $6.72 billion, suggesting a 12.1% decline from the figure reported in the year-ago quarter.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%.
Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apple Inc. (AAPL) : Free Stock Analysis Report
HP Inc. (HPQ) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Shipments from Lenovo LNVGY, HP HPQ and Dell Technologies DELL declined 30.2%, 24.2% and 30.9%, respectively. Apple witnessed a 34.2% decline, worse than Lenovo, HP and Dell’s figures. Dell’s market share was 17.3% in the first quarter of 2023.
|
Shipments from Lenovo LNVGY, HP HPQ and Dell Technologies DELL declined 30.2%, 24.2% and 30.9%, respectively. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report To read this article on Zacks.com click here. Apple witnessed a 34.2% decline, worse than Lenovo, HP and Dell’s figures.
|
Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report To read this article on Zacks.com click here. Shipments from Lenovo LNVGY, HP HPQ and Dell Technologies DELL declined 30.2%, 24.2% and 30.9%, respectively. Apple witnessed a 34.2% decline, worse than Lenovo, HP and Dell’s figures.
|
Apple witnessed a 34.2% decline, worse than Lenovo, HP and Dell’s figures. Shipments from Lenovo LNVGY, HP HPQ and Dell Technologies DELL declined 30.2%, 24.2% and 30.9%, respectively. Dell’s market share was 17.3% in the first quarter of 2023.
|
76004412-9a9c-4d11-a2ae-739a048b7673
|
725508.0
|
2023-05-02 00:00:00 UTC
|
Morgan Stanley Upgrades Dell Technologies Inc - Class C (DELL)
|
DELL
|
https://www.nasdaq.com/articles/morgan-stanley-upgrades-dell-technologies-inc-class-c-dell
|
nan
|
nan
|
Fintel reports that on May 2, 2023, Morgan Stanley upgraded their outlook for Dell Technologies Inc - Class C (NYSE:DELL) from Equal-Weight to Overweight .
Analyst Price Forecast Suggests 9.75% Upside
As of April 24, 2023, the average one-year price target for Dell Technologies Inc - Class C is 48.09. The forecasts range from a low of 40.40 to a high of $57.75. The average price target represents an increase of 9.75% from its latest reported closing price of 43.82.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Dell Technologies Inc - Class C is 93,264MM, a decrease of 8.83%. The projected annual non-GAAP EPS is 6.46.
Dell Technologies Inc - Class C Declares $0.37 Dividend
On March 2, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Shareholders of record as of April 25, 2023 will receive the payment on May 5, 2023. Previously, the company paid $0.33 per share.
At the current share price of $43.82 / share, the stock's dividend yield is 3.38%.
Looking back five years and taking a sample every week, the average dividend yield has been 3.87%, the lowest has been 1.34%, and the highest has been 8.14%. The standard deviation of yields is 1.25 (n=205).
The current dividend yield is 0.39 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.44. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
What is the Fund Sentiment?
There are 1153 funds or institutions reporting positions in Dell Technologies Inc - Class C. This is an increase of 6 owner(s) or 0.52% in the last quarter. Average portfolio weight of all funds dedicated to DELL is 0.16%, a decrease of 1.48%. Total shares owned by institutions increased in the last three months by 0.74% to 223,039K shares.
The put/call ratio of DELL is 0.61, indicating a bullish outlook.
What are Other Shareholders Doing?
Dodge & Cox holds 19,218K shares representing 2.63% ownership of the company. In it's prior filing, the firm reported owning 19,763K shares, representing a decrease of 2.84%. The firm increased its portfolio allocation in DELL by 3.59% over the last quarter.
DODGX - Dodge & Cox Stock Fund holds 12,982K shares representing 1.78% ownership of the company. No change in the last quarter.
Temasek Holdings holds 8,848K shares representing 1.21% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,494K shares representing 1.02% ownership of the company. In it's prior filing, the firm reported owning 7,587K shares, representing a decrease of 1.25%. The firm increased its portfolio allocation in DELL by 7.36% over the last quarter.
Lsv Asset Management holds 5,977K shares representing 0.82% ownership of the company. In it's prior filing, the firm reported owning 6,054K shares, representing a decrease of 1.30%. The firm increased its portfolio allocation in DELL by 0.38% over the last quarter.
Dell Technologies Background Information
(This description is provided by the company.)
Dell Technologies helps organizations and individuals build their digital future and transform how they work, live and play. The company provides customers with the industry's broadest and most innovative technology and services portfolio for the data era.
See all Dell Technologies Inc - Class C regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Dell Technologies helps organizations and individuals build their digital future and transform how they work, live and play. Fintel reports that on May 2, 2023, Morgan Stanley upgraded their outlook for Dell Technologies Inc - Class C (NYSE:DELL) from Equal-Weight to Overweight . Analyst Price Forecast Suggests 9.75% Upside As of April 24, 2023, the average one-year price target for Dell Technologies Inc - Class C is 48.09.
|
Fintel reports that on May 2, 2023, Morgan Stanley upgraded their outlook for Dell Technologies Inc - Class C (NYSE:DELL) from Equal-Weight to Overweight . Analyst Price Forecast Suggests 9.75% Upside As of April 24, 2023, the average one-year price target for Dell Technologies Inc - Class C is 48.09. The projected annual revenue for Dell Technologies Inc - Class C is 93,264MM, a decrease of 8.83%.
|
Analyst Price Forecast Suggests 9.75% Upside As of April 24, 2023, the average one-year price target for Dell Technologies Inc - Class C is 48.09. Dell Technologies Inc - Class C Declares $0.37 Dividend On March 2, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Fintel reports that on May 2, 2023, Morgan Stanley upgraded their outlook for Dell Technologies Inc - Class C (NYSE:DELL) from Equal-Weight to Overweight .
|
Analyst Price Forecast Suggests 9.75% Upside As of April 24, 2023, the average one-year price target for Dell Technologies Inc - Class C is 48.09. There are 1153 funds or institutions reporting positions in Dell Technologies Inc - Class C. This is an increase of 6 owner(s) or 0.52% in the last quarter. Fintel reports that on May 2, 2023, Morgan Stanley upgraded their outlook for Dell Technologies Inc - Class C (NYSE:DELL) from Equal-Weight to Overweight .
|
a4f7e037-1e94-4c14-8628-fcb392e18260
|
725509.0
|
2023-05-01 00:00:00 UTC
|
Will Strong Embedded Growth Aid AMD's Q1 Earnings Growth?
|
DELL
|
https://www.nasdaq.com/articles/will-strong-embedded-growth-aid-amds-q1-earnings-growth
|
nan
|
nan
|
Advanced Micro Devices AMD is expected to report lackluster client segment revenues in first-quarter 2023 earnings, set to be released on May 2, due to weak PC shipment demand.
AMD also expects Data Center segment revenues to decline sequentially due to elevated levels of inventory with some cloud customers. However, the Embedded segment’s revenues are expected to increase.
The company is riding on an expanding partner base and strong demand for EPYC, Radeon and Ryzen processors. Moreover, acquisitions, including Xilinx and Pensando, have diversified its business.
It expects first-quarter 2023 revenues to be $5.3 billion (+/-$300 million), which indicates a year-over-year decline of 10%.
Advanced Micro Devices, Inc. Revenue (TTM)
Advanced Micro Devices, Inc. revenue-ttm | Advanced Micro Devices, Inc. Quote
Click here to know how AMD’s overall first-quarter performance is likely to be.
Diversified Product Portfolio: Key to AMD’s Q1 Growth
AMD’s first-quarter results are likely to benefit from its expanding product portfolio, which caters to trending high-growth markets like cloud, gaming, data center and EV.
The continued strong adoption of EPYC processors by the likes of Dell DELL, Alphabet GOOGL, Hewlett Packard Enterprises HPE, Lenovo, Microsoft and Oracle are expected to have benefited data center revenues in the to-be-reported quarter.
The company has been benefiting from strong demand for EPYC processors, which currently power more than 600 publicly available instances globally, following the launches of AMD-based instances from partners like AWS and Microsoft in the fourth quarter of 2022.
AMD currently powers more than 100 of the world's fastest supercomputers and 15 of the top 20 most energy-efficient supercomputers in the world. In the enterprise segment, more than 140 fourth-gen EPYC platforms were in development from HPE, Dell, Lenovo, Super Micro and other partners at the end of the fourth quarter.
Moreover, this Zacks Rank #3 (Hold) company has constantly been improving the performance of its Ryzen processors to help address the increasing proliferation of Artificial Intelligence and machine learning in industries like cloud, gaming and data center. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for data center, embedded, client and gaming revenues for the first quarter are pegged at $1.46 billion, $1.35 billion, $1.49 billion and $959 million, respectively.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV stocks
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In the enterprise segment, more than 140 fourth-gen EPYC platforms were in development from HPE, Dell, Lenovo, Super Micro and other partners at the end of the fourth quarter. The continued strong adoption of EPYC processors by the likes of Dell DELL, Alphabet GOOGL, Hewlett Packard Enterprises HPE, Lenovo, Microsoft and Oracle are expected to have benefited data center revenues in the to-be-reported quarter. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
The continued strong adoption of EPYC processors by the likes of Dell DELL, Alphabet GOOGL, Hewlett Packard Enterprises HPE, Lenovo, Microsoft and Oracle are expected to have benefited data center revenues in the to-be-reported quarter. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report To read this article on Zacks.com click here. In the enterprise segment, more than 140 fourth-gen EPYC platforms were in development from HPE, Dell, Lenovo, Super Micro and other partners at the end of the fourth quarter.
|
The continued strong adoption of EPYC processors by the likes of Dell DELL, Alphabet GOOGL, Hewlett Packard Enterprises HPE, Lenovo, Microsoft and Oracle are expected to have benefited data center revenues in the to-be-reported quarter. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report To read this article on Zacks.com click here. In the enterprise segment, more than 140 fourth-gen EPYC platforms were in development from HPE, Dell, Lenovo, Super Micro and other partners at the end of the fourth quarter.
|
Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report To read this article on Zacks.com click here. The continued strong adoption of EPYC processors by the likes of Dell DELL, Alphabet GOOGL, Hewlett Packard Enterprises HPE, Lenovo, Microsoft and Oracle are expected to have benefited data center revenues in the to-be-reported quarter. In the enterprise segment, more than 140 fourth-gen EPYC platforms were in development from HPE, Dell, Lenovo, Super Micro and other partners at the end of the fourth quarter.
|
6ccd9fb7-0d09-4db7-b481-2e6e820f8b1a
|
725510.0
|
2023-04-25 00:00:00 UTC
|
Amer Movil (AMX) Tops Q1 Earnings and Revenue Estimates
|
DELL
|
https://www.nasdaq.com/articles/amer-movil-amx-tops-q1-earnings-and-revenue-estimates
|
nan
|
nan
|
Amer Movil (AMX) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 4.08%. A quarter ago, it was expected that this telecommunications company would post earnings of $0.36 per share when it actually produced earnings of $0.37, delivering a surprise of 2.78%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Amer Movil, which belongs to the Zacks Wireless Non-US industry, posted revenues of $11.19 billion for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 3.82%. This compares to year-ago revenues of $10.3 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Amer Movil shares have added about 17.7% since the beginning of the year versus the S&P 500's gain of 7.8%.
What's Next for Amer Movil?
While Amer Movil has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Amer Movil: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.21 on $11.06 billion in revenues for the coming quarter and $1.40 on $44.21 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Wireless Non-US is currently in the bottom 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Dell Technologies (DELL), another stock in the broader Zacks Computer and Technology sector, has yet to report results for the quarter ended April 2023.
This computer and technology services provider is expected to post quarterly earnings of $0.87 per share in its upcoming report, which represents a year-over-year change of -52.7%. The consensus EPS estimate for the quarter has been revised 1% lower over the last 30 days to the current level.
Dell Technologies' revenues are expected to be $20.23 billion, down 22.5% from the year-ago quarter.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
America Movil, S.A.B. de C.V. Unsponsored ADR (AMX) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Dell Technologies (DELL), another stock in the broader Zacks Computer and Technology sector, has yet to report results for the quarter ended April 2023. Dell Technologies' revenues are expected to be $20.23 billion, down 22.5% from the year-ago quarter. de C.V. Unsponsored ADR (AMX) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
de C.V. Unsponsored ADR (AMX) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies (DELL), another stock in the broader Zacks Computer and Technology sector, has yet to report results for the quarter ended April 2023. Dell Technologies' revenues are expected to be $20.23 billion, down 22.5% from the year-ago quarter.
|
Dell Technologies (DELL), another stock in the broader Zacks Computer and Technology sector, has yet to report results for the quarter ended April 2023. Dell Technologies' revenues are expected to be $20.23 billion, down 22.5% from the year-ago quarter. de C.V. Unsponsored ADR (AMX) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Dell Technologies (DELL), another stock in the broader Zacks Computer and Technology sector, has yet to report results for the quarter ended April 2023. Dell Technologies' revenues are expected to be $20.23 billion, down 22.5% from the year-ago quarter. de C.V. Unsponsored ADR (AMX) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
57cb91ea-73b7-4144-9e6a-87ad5e742be2
|
725511.0
|
2023-04-25 00:00:00 UTC
|
Masimo and Black Knight have been highlighted as Zacks Bull and Bear of the Day
|
DELL
|
https://www.nasdaq.com/articles/masimo-and-black-knight-have-been-highlighted-as-zacks-bull-and-bear-of-the-day
|
nan
|
nan
|
For Immediate Release
Chicago, IL – April 25, 2023 – Zacks Equity Research shares Masimo Corp. MASI as the Bull of the Day and Black Knight BKI as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Lenovo Group Ltd. LNVGY, HP Inc. HPQ and Dell Technologies Inc DELL.
Here is a synopsis of all five stocks.
Bull of the Day:
Masimo Corp., a Zacks Rank #1 (Strong Buy), has benefitted from a resurgence in the health care sector. After falling markedly during last year’s bear market, the stock has hit a series of 52-week highs this year on increasing volume. Shares continue to display relative strength as buying pressure accumulates in this market leader.
MASI is part of the Zacks Medical – Instruments industry group, which ranks in the top 43% out of more than 250 Zacks Ranked Industries.
Historical research studies suggest that approximately half of a stock’s price appreciation is due to its industry grouping. In fact, the top 50% of Zacks Ranked Industries outperforms the bottom 50% by a factor of more than 2 to 1.
It’s no secret that investing in stocks that are part of leading industry groups can give us a leg up relative to the market. By focusing on leading stocks within the top 50% of Zacks Ranked Industries, we can dramatically improve our stock-picking success.
Company Description
Masimo Corp. develops, manufactures, and markets various patient monitoring technologies along with automation and connectivity solutions. Its medical products offer unique ways to monitor oxygen levels, hemoglobin concentration, respiration rate, and brain function. In addition, MASI provides patient position and activity tracking, neuromodulation technologies, and telehealth solutions.
MASI provides its products through direct sales force, distributors, and original equipment manufacturers to hospitals, long-term care facilities, physician offices, emergency medical services, and through e-commerce wellness sites.
Earnings Trends and Future Estimates
MASI has built up an impressive earnings history, surpassing earnings estimates in each of the last four quarters. Back in February, the company reported Q4 earnings of $1.32/share, a 12.82% surprise over the $1.17 consensus estimate.
MASI has delivered a trailing four-quarter average earnings surprise of 9.02%. Consistently beating earnings estimates is a recipe for outperformance.
The health solutions growth engine is expected to remain hot this year, as analysts covering MASI have increased their EPS estimates recently. Full-year estimates have been raised by +8.7% in the past 60 days. The 2023 Zacks Consensus EPS Estimate now stands at $4.75/share, reflecting potential growth of 3.49% relative to last year. Sales are anticipated to rise 19.52% to $2.43 billion.
Let’s Get Technical
MASI shares have advanced over 75% since bottoming out late last year. Only stocks that are in extremely powerful uptrends are able to make this type of move while the major market indices continue their choppy price action. This is the kind of stock we want to include in our portfolio – one that is trending well and receiving positive earnings estimate revisions.
The stock has been making a series of higher highs. With both strong fundamentals and technicals, MASI is poised to continue its outperformance.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. As we know, Masimo Corp. has recently witnessed positive revisions. As long as this trend remains intact (and MASI continues to deliver earnings beats), the stock will likely continue its bullish run this year.
Bottom Line
Backed by a leading industry group and robust history of earnings beats, it’s not difficult to see why this company is a compelling investment. Solid institutional buying should continue to provide a tailwind for the stock price. Increasing volume at recent breakout levels is another bullish sign.
Robust fundamentals combined with a strong technical trend certainly justify adding shares to the mix. Investors would be wise to consider MASI as a portfolio candidate if they haven’t already done so.
Bear of the Day:
Black Knight provides integrated software, data, and analytics solutions. Its software offers a service application platform for mortgages, home equity loans, and lines of credit. Black Knight also provides analytics that show property ownership data, valuation models, and collateral risk scores. In addition, BKI delivers lead generation, multiple listing service, and other servicing data.
The Zacks Rundown
BKI, a Zacks Rank #5 (Strong Sell), is a component of the Zacks Business – Information Services industry group, which ranks in the bottom 36% out of more than 250 Zacks Ranked Industries. As such, we expect this industry group as a whole to underperform the market over the next 3 to 6 months.
Candidates in the bottom tiers of industries can often be solid potential short candidates. While individual stocks have the ability to outperform even when included in a poor-performing industry group, the inclusion in a weaker group serves as a headwind for any potential rallies and the journey forward is that much more difficult.
The odds are stacked against BKI, and the stock is agreeing with this notion. Black Knight shares experienced a climax top in late 2021 and have been in a price downtrend ever since. The share price is hitting a series of lower lows and represents a compelling short opportunity for those looking to hedge any long positions.
Despite a drastic move lower, Black Knight stock remains relatively overvalued, irrespective of the metric used.
Recent Earnings Misses
BKI has fallen short of estimates in two of the past four quarters. The software company most recently reported Q4 earnings back in February of $0.52/share, missing the $0.55/share consensus EPS estimate by -5.45%. The stock has moved steadily lower since the announcement.
During the prior quarter, BKI once again missed estimates when it reported Q3 earnings of $0.56 per share. This represented a -16.4% miss versus the $0.67 estimate. BKI has posted a trailing four-quarter average earnings miss of -3.83%. Consistently falling short of earnings estimates is a recipe for underperformance, and BKI is no exception.
Deteriorating Outlook
Black Knight has been on the receiving end of negative earnings estimate revisions as of late. For the current quarter, analysts have decreased estimates by -13.33% in the past 60 days. The Q1 Zacks Consensus EPS Estimate is now $0.52/share, reflecting a -17.46% regression relative to the same quarter last year.
For the year, analysts have also revised their EPS estimates downward by -12.45% in the past 60 days. The 2023 Zacks Consensus Estimates is now $2.18/share, translating to negative growth of -7.23% versus last year.
Falling earnings estimates are a huge red flag and need to be respected. Negative growth year-over-year is the type of trend that bears like to see.
Technical Outlook
BKI is in a sustained downtrend. The stock is making a series of lower lows, with no respite from the selling in sight. Also note how both moving averages have rolled over and are sloping down – another good sign for the bears.
While not the most accurate indicator, BKI has also experienced what is known as a ‘death cross’, wherein the stock’s 50-day moving average crosses below its 200-day moving average. BKI would have to make a serious move to the upside and show increasing earnings estimate revisions to warrant taking any long positions in the stock. The stock has fallen more than 10% this year alone.
Final Thoughts
A deteriorating fundamental and technical backdrop show that this stock is not set to print new highs anytime soon. The fact that BKI is included in one of the worst-performing industry groups provides yet another headwind to a long list of concerns. A history of earnings misses and falling future earnings estimates will likely serve as a ceiling to any potential rallies, nurturing the stock’s downtrend.
Our Zacks Style Scores depict a weakening outlook for this stock, as BKI is rated a worst-possible ‘F’ in our Value and Growth categories, along with an ‘F’ for our overall VGM score. This signals that falling earnings and sales along with relative overvaluation will likely hinder stock performance.
Potential investors may want to give this stock the cold shoulder, or perhaps include it as part of a short or hedge strategy. Bulls will want to steer clear of an overvalued BKI until the situation shows major signs of improvement.
Additional content:
Can the PC Market Bounce Back from Current Lows?
Global PC sales, which rebounded and soared during the peak of the pandemic, started slowing with the economic reopening. Sales have slowed further this year as the industry continues to face multiple challenges.
Supply-chain crisis, which has been hampering sales, somewhat eased last year, but higher prices are now plaguing sales. Almost all major players saw a steep decline in PC sales in the first quarter of 2023.
PC Sales See Steep Decline
The COVID-19 outbreak impacted a large number of industries but, at the same time, also proved to be a boon in disguise for several others. The PC industry emerged as one of the biggest beneficiaries of the pandemic. However, things have changed since then, with sales declining almost every quarter.
According to a report from Gartner, global PC shipments plummeted 30% year over year in the first quarter of 2023. Total PC shipments during the quarter totaled 55.2 million units.
This follows a 28.5% decline in the fourth quarter of 2022, when global PC shipments totaled 65.3 million units. Understandably, the crisis is worsening for the industry, with shipments plummeting almost every quarter.
The report also mentioned that during the quarter, the top global vendors remained unchanged, with Lenovo Group Ltd. holding the top spot. However, all top vendors saw a steep decline in sales.
The Gartner report is quite similar to the IDC report on PC shipments. According to IDC, global PC shipments totaled 56.9 million units, declining 29% year over year in the first quarter of 2023.
Challenges Galore
With the decline in shipments, market leaders are suffering the most, despite holding on to the top positions. According to market share, Lenovo held the top spot with a 23.9% market share, HP Inc. commands 21.5%, followed by Dell Technologies Inc, which holds 16% (Apple was a distant fourth).
Lenovo recently reported that its revenues declined 24% year over year to $15.3 billion, owing to a massive downturn in PC and smartphone industries in the final quarter of 2022. In the first quarter of 2023, LNGVY recorded a meager 12.7 million units of shipments. Lenovo’s shipments declined 30.3% in the quarter on a year-over-year basis. LNGVY has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
HP, Inc. reported a net income of $487 million in the first quarter of 2023 but also said that its PC and laptop sales declined drastically. HPQ’s PC unit recorded revenues of $9.2 million in the first quarter, down 24.2% year over year. According to the IDC report HP, Inc. shipped only 12 million units.
Dell Technologies held its position as the third biggest player but shipped only 12 million units of PCs. DELL saw a 31% decline in shipments in the first quarter of 2023 on a year-over-year basis.
Apple was the biggest loser, with a 40.5% year-over-year decline in shipments. AAPL shipped only 4.1 million units during the quarter. The company shipped 2.8 million fewer devices in the first quarter on a year-over-year basis.
The U.S. PC market, one of the biggest in the world, fell 25.8% in the first quarter on a year-over-year basis. This follows a 20.5% decline in the fourth quarter of 2022. Slowing laptop sales are hurting the entire U.S. PC industry.
The sector is dealing with a number of other challenges, with price being the biggest factor. Americans have cut down on spending on pricey goods amid high inflation. Although the supply-chain issue started to improve in the third quarter, the continued drop in demand in both consumer and commercial markets is now raising new concerns.
According to the IDC report, supply chains can adapt as PC OEMs look into manufacturing options outside of China owing to the slowdown in growth and demand. Also, PC manufacturers are simultaneously altering their strategies for the remainder of the year and making orders for Chromebooks, anticipating a jump in license fees later this year.
According to analysts, the struggle for PC manufacturers will continue for a while, but the market is expected to rebound by the end of this year once the global economy improves and users consider upgrading to Windows 11.
Why Haven’t You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
See Stocks Free >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
https://www.zacks.com
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index.Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
HP Inc. (HPQ) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Masimo Corporation (MASI) : Free Stock Analysis Report
Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report
Black Knight Financial Services, Inc. (BKI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In addition, Zacks Equity Research provides analysis on Lenovo Group Ltd. LNVGY, HP Inc. HPQ and Dell Technologies Inc DELL. According to market share, Lenovo held the top spot with a 23.9% market share, HP Inc. commands 21.5%, followed by Dell Technologies Inc, which holds 16% (Apple was a distant fourth). Dell Technologies held its position as the third biggest player but shipped only 12 million units of PCs.
|
In addition, Zacks Equity Research provides analysis on Lenovo Group Ltd. LNVGY, HP Inc. HPQ and Dell Technologies Inc DELL. Click to get this free report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Masimo Corporation (MASI) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report Black Knight Financial Services, Inc. (BKI) : Free Stock Analysis Report To read this article on Zacks.com click here. According to market share, Lenovo held the top spot with a 23.9% market share, HP Inc. commands 21.5%, followed by Dell Technologies Inc, which holds 16% (Apple was a distant fourth).
|
Click to get this free report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Masimo Corporation (MASI) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report Black Knight Financial Services, Inc. (BKI) : Free Stock Analysis Report To read this article on Zacks.com click here. In addition, Zacks Equity Research provides analysis on Lenovo Group Ltd. LNVGY, HP Inc. HPQ and Dell Technologies Inc DELL. According to market share, Lenovo held the top spot with a 23.9% market share, HP Inc. commands 21.5%, followed by Dell Technologies Inc, which holds 16% (Apple was a distant fourth).
|
In addition, Zacks Equity Research provides analysis on Lenovo Group Ltd. LNVGY, HP Inc. HPQ and Dell Technologies Inc DELL. According to market share, Lenovo held the top spot with a 23.9% market share, HP Inc. commands 21.5%, followed by Dell Technologies Inc, which holds 16% (Apple was a distant fourth). Dell Technologies held its position as the third biggest player but shipped only 12 million units of PCs.
|
5164c80f-d6c8-429b-8039-199311ce2371
|
725512.0
|
2023-04-24 00:00:00 UTC
|
Can the PC Market Bounce Back From the Cuurent Lows?
|
DELL
|
https://www.nasdaq.com/articles/can-the-pc-market-bounce-back-from-the-cuurent-lows
|
nan
|
nan
|
Global PC sales, which rebounded and soared during the peak of the pandemic, started slowing with the economic reopening. Sales have slowed further this year as the industry continues to face multiple challenges.
Supply-chain crisis, which has been hampering sales, somewhat eased last year, but higher prices are now plaguing sales. Almost all major players saw a steep decline in PC sales in the first quarter of 2023.
PC Sales See Steep Decline
The COVID-19 outbreak impacted a large number of industries but, at the same time, also proved to be a boon in disguise for several others. The PC industry emerged as one of the biggest beneficiaries of the pandemic. However, things have changed since then, with sales declining almost every quarter.
According to a report from Gartner, global PC shipments plummeted 30% year over year in the first quarter of 2023. Total PC shipments during the quarter totaled 55.2 million units.
This follows a 28.5% decline in the fourth quarter of 2022, when global PC shipments totaled 65.3 million units. Understandably, the crisis is worsening for the industry, with shipments plummeting almost every quarter.
The report also mentioned that during the quarter, the top global vendors remained unchanged, with Lenovo Group Limited LNVGY holding the top spot. However, all top vendors saw a steep decline in sales.
The Gartner report is quite similar to the IDC report on PC shipments. According to IDC, global PC shipments totaled 56.9 million units, declining 29% year over year in the first quarter of 2023.
Challenges Galore
With the decline in shipments, market leaders are suffering the most, despite holding on to the top positions. According to market share, Lenovo held the top spot with a 23.9% market share, HP Inc. HPQ commands 21.5%, followed by Dell Technologies Inc DELL, which holds 16%, while Apple, Inc. AAPL had 7.5%.
Lenovo recently reported that its revenues declined 24% year over year to $15.3 billion, owing to a massive downturn in PC and smartphone industries in the final quarter of 2022. In the first quarter of 2023, LNGVY recorded a meager 12.7 million units of shipments. Lenovo’s shipments declined 30.3% in the quarter on a year-over-year basis. LNGVY has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
HP, Inc. reported a net income of $487 million in the first quarter of 2023 but also said that its PC and laptop sales declined drastically. HPQ’s PC unit recorded revenues of $9.2 million in the first quarter, down 24.2% year over year. According to the IDC report HP, Inc. shipped only 12 million units.
Dell Technologies held its position as the third biggest player but shipped only 12 million units of PCs. DELL saw a 31% decline in shipments in the first quarter of 2023 on a year-over-year basis.
Apple was the biggest loser, with a 40.5% year-over-year decline in shipments. AAPL shipped only 4.1 million units during the quarter. The company shipped 2.8 million fewer devices in the first quarter on a year-over-year basis.
The U.S. PC market, one of the biggest in the world, fell 25.8% in the first quarter on a year-over-year basis. This follows a 20.5% decline in the fourth quarter of 2022. Slowing laptop sales are hurting the entire U.S. PC industry.
The sector is dealing with a number of other challenges, with price being the biggest factor. Americans have cut down on spending on pricey goods amid high inflation. Although the supply-chain issue started to improve in the third quarter, the continued drop in demand in both consumer and commercial markets is now raising new concerns.
According to the IDC report, supply chains can adapt as PC OEMs look into manufacturing options outside of China owing to the slowdown in growth and demand. Also, PC manufacturers are simultaneously altering their strategies for the remainder of the year and making orders for Chromebooks, anticipating a jump in license fees later this year.
According to analysts, the struggle for PC manufacturers will continue for a while, but the market is expected to rebound by the end of this year once the global economy improves and users consider upgrading to Windows 11.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apple Inc. (AAPL) : Free Stock Analysis Report
HP Inc. (HPQ) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
According to market share, Lenovo held the top spot with a 23.9% market share, HP Inc. HPQ commands 21.5%, followed by Dell Technologies Inc DELL, which holds 16%, while Apple, Inc. AAPL had 7.5%. Dell Technologies held its position as the third biggest player but shipped only 12 million units of PCs. DELL saw a 31% decline in shipments in the first quarter of 2023 on a year-over-year basis.
|
According to market share, Lenovo held the top spot with a 23.9% market share, HP Inc. HPQ commands 21.5%, followed by Dell Technologies Inc DELL, which holds 16%, while Apple, Inc. AAPL had 7.5%. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies held its position as the third biggest player but shipped only 12 million units of PCs.
|
Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report To read this article on Zacks.com click here. According to market share, Lenovo held the top spot with a 23.9% market share, HP Inc. HPQ commands 21.5%, followed by Dell Technologies Inc DELL, which holds 16%, while Apple, Inc. AAPL had 7.5%. Dell Technologies held its position as the third biggest player but shipped only 12 million units of PCs.
|
According to market share, Lenovo held the top spot with a 23.9% market share, HP Inc. HPQ commands 21.5%, followed by Dell Technologies Inc DELL, which holds 16%, while Apple, Inc. AAPL had 7.5%. Dell Technologies held its position as the third biggest player but shipped only 12 million units of PCs. DELL saw a 31% decline in shipments in the first quarter of 2023 on a year-over-year basis.
|
000aa2ed-1f4b-4925-b973-32ec632d4dd3
|
725513.0
|
2023-04-20 00:00:00 UTC
|
Ex-Dividend Reminder: Royal Bank of Canada, Lakeland Financial and Dell Technologies
|
DELL
|
https://www.nasdaq.com/articles/ex-dividend-reminder%3A-royal-bank-of-canada-lakeland-financial-and-dell-technologies
|
nan
|
nan
|
Looking at the universe of stocks we cover at Dividend Channel, on 4/24/23, Royal Bank of Canada (Montreal, Quebec) (Symbol: RY), Lakeland Financial Corp (Symbol: LKFN), and Dell Technologies Inc (Symbol: DELL) will all trade ex-dividend for their respective upcoming dividends. Royal Bank of Canada (Montreal, Quebec) will pay its quarterly dividend of $1.32 on 5/24/23, Lakeland Financial Corp will pay its quarterly dividend of $0.46 on 5/5/23, and Dell Technologies Inc will pay its quarterly dividend of $0.37 on 5/5/23. As a percentage of RY's recent stock price of $99.61, this dividend works out to approximately 1.33%, so look for shares of Royal Bank of Canada (Montreal, Quebec) to trade 1.33% lower — all else being equal — when RY shares open for trading on 4/24/23. Similarly, investors should look for LKFN to open 0.81% lower in price and for DELL to open 0.86% lower, all else being equal.
Below are dividend history charts for RY, LKFN, and DELL, showing historical dividends prior to the most recent ones declared.
Royal Bank of Canada (Montreal, Quebec) (Symbol: RY):
Lakeland Financial Corp (Symbol: LKFN):
Dell Technologies Inc (Symbol: DELL):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 5.30% for Royal Bank of Canada (Montreal, Quebec), 3.23% for Lakeland Financial Corp, and 3.44% for Dell Technologies Inc.
In Thursday trading, Royal Bank of Canada (Montreal, Quebec) shares are currently off about 0.5%, Lakeland Financial Corp shares are down about 0.4%, and Dell Technologies Inc shares are down about 1.7% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
NCTY shares outstanding history
Top Ten Hedge Funds Holding GECC
COM Average Annual Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
If they do continue, the current estimated yields on annualized basis would be 5.30% for Royal Bank of Canada (Montreal, Quebec), 3.23% for Lakeland Financial Corp, and 3.44% for Dell Technologies Inc. Looking at the universe of stocks we cover at Dividend Channel, on 4/24/23, Royal Bank of Canada (Montreal, Quebec) (Symbol: RY), Lakeland Financial Corp (Symbol: LKFN), and Dell Technologies Inc (Symbol: DELL) will all trade ex-dividend for their respective upcoming dividends. Royal Bank of Canada (Montreal, Quebec) will pay its quarterly dividend of $1.32 on 5/24/23, Lakeland Financial Corp will pay its quarterly dividend of $0.46 on 5/5/23, and Dell Technologies Inc will pay its quarterly dividend of $0.37 on 5/5/23.
|
Looking at the universe of stocks we cover at Dividend Channel, on 4/24/23, Royal Bank of Canada (Montreal, Quebec) (Symbol: RY), Lakeland Financial Corp (Symbol: LKFN), and Dell Technologies Inc (Symbol: DELL) will all trade ex-dividend for their respective upcoming dividends. Royal Bank of Canada (Montreal, Quebec) will pay its quarterly dividend of $1.32 on 5/24/23, Lakeland Financial Corp will pay its quarterly dividend of $0.46 on 5/5/23, and Dell Technologies Inc will pay its quarterly dividend of $0.37 on 5/5/23. Royal Bank of Canada (Montreal, Quebec) (Symbol: RY): Lakeland Financial Corp (Symbol: LKFN): Dell Technologies Inc (Symbol: DELL): In general, dividends are not always predictable, following the ups and downs of company profits over time.
|
Looking at the universe of stocks we cover at Dividend Channel, on 4/24/23, Royal Bank of Canada (Montreal, Quebec) (Symbol: RY), Lakeland Financial Corp (Symbol: LKFN), and Dell Technologies Inc (Symbol: DELL) will all trade ex-dividend for their respective upcoming dividends. Royal Bank of Canada (Montreal, Quebec) will pay its quarterly dividend of $1.32 on 5/24/23, Lakeland Financial Corp will pay its quarterly dividend of $0.46 on 5/5/23, and Dell Technologies Inc will pay its quarterly dividend of $0.37 on 5/5/23. Royal Bank of Canada (Montreal, Quebec) (Symbol: RY): Lakeland Financial Corp (Symbol: LKFN): Dell Technologies Inc (Symbol: DELL): In general, dividends are not always predictable, following the ups and downs of company profits over time.
|
Looking at the universe of stocks we cover at Dividend Channel, on 4/24/23, Royal Bank of Canada (Montreal, Quebec) (Symbol: RY), Lakeland Financial Corp (Symbol: LKFN), and Dell Technologies Inc (Symbol: DELL) will all trade ex-dividend for their respective upcoming dividends. If they do continue, the current estimated yields on annualized basis would be 5.30% for Royal Bank of Canada (Montreal, Quebec), 3.23% for Lakeland Financial Corp, and 3.44% for Dell Technologies Inc. Royal Bank of Canada (Montreal, Quebec) will pay its quarterly dividend of $1.32 on 5/24/23, Lakeland Financial Corp will pay its quarterly dividend of $0.46 on 5/5/23, and Dell Technologies Inc will pay its quarterly dividend of $0.37 on 5/5/23.
|
592797e8-7892-4487-9a1d-e0a6274ad57c
|
725514.0
|
2023-04-19 00:00:00 UTC
|
Cisco Systems Vs. Dell Technologies which Computer Stock is the Better Buy
|
DELL
|
https://www.nasdaq.com/articles/cisco-systems-vs.-dell-technologies-which-computer-stock-is-the-better-buy
|
nan
|
nan
|
Cisco Systems (CSCO) and Dell Technologies (DELL) have been instrumental players in computer technology solutions for many years.
With sentiment continuing to grow toward the broader technology sector, this poses the question of if it’s time to buy either of these historic tech companies.
Brief Overview
Somewhat close competitors, Cisco and Dell both provide a broad range of computer centric solutions.
In this regard, Cisco’s focus is IP-based offering products and services to service providers, companies, commercial users, and individuals. In recent years Cisco has expanded its presence in the network security domain to prevent unauthorized access to system resources and protection from worms, spam, and viruses, among other malware.
Image Source: Zacks Investment Research
In comparison, Dell also offers security software solutions and systems management along with information management software offerings. However, Dell has still kept part of its focus on hardware offerings such as its iconic desktops and notebooks.
Image Source: Zacks Investment Research
Recent Performance & Value
Over the last six months, Dell stock has now rallied +26% to top Cisco’s +15%, the Nasdaq’s +14%, and the S&P 500’s +8%. Notably, Dell still stands out from a valuation standpoint with an “A” Zacks Style Scores grade for Value while Cisco lands a “C”.
Trading around $43, Dell shares have an 8.5X forward earnings multiple which is 51% below their five-year high of 17.4X and on par with the median. In comparison, Cisco stock trades at $48 per share and 13.3X forward earnings which is 36% below its own five-year high of 20.8X and a slight discount to the median of 16.4X.
Image Source: Zacks Investment Research
Growth Estimates
Dell has the overall edge in Growth, also landing an “A” Zacks Style Scores grade while Cisco has a “C” in this category as well.
To that point, Dell’s bottom line figure is much higher even with earnings expected to decline -30% in FY23 at $5.28 per share after a tough-to-compete-against year that saw EPS at $7.61 in 2022. Fiscal 2024 earnings are projected to stabilize and rebound 15% at $6.07 per share. With that being said, earnings estimates have declined over the last quarter for both FY23 and FY24.
Image Source: Zacks Investment Research
Looking at Cisco, earnings are forecasted to jump 12% this year and rise another 7% in FY24 at $4.04 per share. More intriguing, although Cisco’s bottom line isn't as robust as Dell’s at the moment, earnings estimate revisions have risen 6% over the last 90 days for both FY23 and FY24 respectively.
Image Source: Zacks Investment Research
Dividends
Stocks that pay dividends are always a bonus for investors, and both companies have solid yields that are above the S&P 500’s 1.53% average.
Cisco’s 3.10% annual dividend yield has the slight edge over Dell which implemented a dividend for the first time last April.
Image Source: Zacks Investment Research
Bottom Line
Cisco stock currently sports a Zacks Rank #2 (Buy) in correlation with rising earnings estimate revisions with Dell landing a Zacks Rank #3 (Hold). Dell’s overall growth and valuation are more intriguing but the declining earnings estimates for both FY23 and FY24 could lead to short-term weakness while Cisco stock could outperform.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Image Source: Zacks Investment Research Recent Performance & Value Over the last six months, Dell stock has now rallied +26% to top Cisco’s +15%, the Nasdaq’s +14%, and the S&P 500’s +8%. Cisco Systems (CSCO) and Dell Technologies (DELL) have been instrumental players in computer technology solutions for many years. Brief Overview Somewhat close competitors, Cisco and Dell both provide a broad range of computer centric solutions.
|
Image Source: Zacks Investment Research In comparison, Dell also offers security software solutions and systems management along with information management software offerings. Image Source: Zacks Investment Research Bottom Line Cisco stock currently sports a Zacks Rank #2 (Buy) in correlation with rising earnings estimate revisions with Dell landing a Zacks Rank #3 (Hold). Click to get this free report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Image Source: Zacks Investment Research Growth Estimates Dell has the overall edge in Growth, also landing an “A” Zacks Style Scores grade while Cisco has a “C” in this category as well. Image Source: Zacks Investment Research Bottom Line Cisco stock currently sports a Zacks Rank #2 (Buy) in correlation with rising earnings estimate revisions with Dell landing a Zacks Rank #3 (Hold). Click to get this free report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Cisco Systems (CSCO) and Dell Technologies (DELL) have been instrumental players in computer technology solutions for many years. Image Source: Zacks Investment Research Bottom Line Cisco stock currently sports a Zacks Rank #2 (Buy) in correlation with rising earnings estimate revisions with Dell landing a Zacks Rank #3 (Hold). Brief Overview Somewhat close competitors, Cisco and Dell both provide a broad range of computer centric solutions.
|
ec5e0584-b28b-4a42-b915-da21b08a3888
|
725515.0
|
2023-04-19 00:00:00 UTC
|
ASML Reports Massive Growth, Management Points To Sluggish 2023
|
DELL
|
https://www.nasdaq.com/articles/asml-reports-massive-growth-management-points-to-sluggish-2023
|
nan
|
nan
|
ASML (NASDAQ: ASML) reported its first quarter 2023 earnings this morning as the Dutch semiconductor equipment manufacturer gears up for what the year may hold for the semiconductor industry. ASML shares are trading lower today, selling off by as much as 3.65% after the announcement. Companies like Intel (NASDAQ: INTC) and Dell Technologies (NYSE: DELL) have reported sluggish demand in their computer segments, leading up to Apple (NASDAQ: AAPL) announcing its very own 40% decline in PC shipments.
Despite pleasing investors and other stakeholders in ASML through monstrous growth relative to the first quarter of 2022, management has pointed to a darker 2023, where growth rates and bottom lines may make it difficult for bulls to savor this celebratory moment. However, keeping the long-term in mind may help current and would-be investors in ASML notice the potential upside and drivers for the semiconductor manufacturer.
Red Light or U-Turn
ASML CEO Peter Wennick stated that the overall demand for their semiconductor manufacturing equipment, namely their EUV (Extreme Ultra Violet) technology aiding the production of today's chips and semiconductors that power personal computers and other vital electronics, however, on a year-on-year basis, bookings for the EUV equipment have dropped by 46% as a result of global economic slowdowns and a continued shrink of the personal computer market. With backlog orders equaling $42.6 billion, ASML is giving markets mixed signals regarding existing demand and a simultaneous decline in bookings; perhaps the manufacturer is still working to bring industry inventory levels to a healthier level and only pointing to investors that there may be a slowdown coming soon.
Taiwan Semiconductor Manufacturing (NYSE: TSM) missed sales expectations for a second consecutive quarter, signaling a further slowdown in the industry. Additionally, with Taiwan Semiconductor being ASML's biggest customer, investors may be concerned that some of the elevated backlog value may only partially realize as some customers may cancel or reduce their total bookings. ASML has cornered the semiconductor manufacturing equipment market with its reliable and advanced technology and methodologies. However, ASML still depends on the capital expenditure for the downstream companies that develop chips, such as Taiwan Semiconductor and other foundries; with these names slowing some of their spending in additional machinery and equipment, ASML finds itself in a pinch.
Why is ASML management pointing to further expansions in the second quarter of 2023? Sales are poised to grow to $6.5 and $7.0 billion, a range that would translate to a 4% decline or 4% advance, respectively; however, total 2023 figures are guided to reflect a net 25% increase in revenues when it is all said and done. These bullish assumptions can only be made when considering the global initiative to expand chip production outside China and Taiwan amid geopolitical risks and disruption scenarios like those seen during the COVID-19 pandemic.
Tilting the Playing Field
President Joe Biden's take on limiting China's access to semiconductor manufacturing equipment, with the Netherlands (and ASML as a result) following suit in blocking some exports to the Asian giant. This embargo for semiconductor manufacturing equipment against China can and will likely adversely affect ASML since the Chinese market represents the third-biggest buying pit for the Dutch player.
The offset to Chinese and Taiwanese demand comes from companies like Intel, one of which has landed collaboration deals with ASML for additional machinery and equipment within their EUV lithography product line. Intel is attempting to take on the foundry services market and catch up on the market share lost to Taiwan Semiconductor Manufacturing while at the same time aiding the North American semiconductor supply chain by diversifying sources away from Asia. Intel CEO Pat Gelsinger plans to expand their new foundry services segment, which currently represents only 1.4% of the firm's revenue; developing this new business while staying away from Chinese conflicts and geopolitical risks may aid ASML's top line and further realization of backlog orders.
Be Greedy When Others are Fearful?
As Warren Buffett likes to say, "Be greedy when others are fearful," this may beautifully apply to today's sell-off in ASML stock. The company has grown its net income margin by 9.3% to 29%. This retention of earnings immediately trickled down to earnings per share for investors, which grew by 186% compared to a year prior. Coupled with massive EPS growth came the retirement of seven million shares as the company implemented share buybacks throughout the year, as well as debt reduction, which took the equity in the balance sheet from 24.3% in the last quarter of 2022 up to 27.8% in the first quarter of 2023.
Increased equity and share buybacks directly increase a shareholder's ownership in the underlying business, pushing the book value per share of the company. Assuming that the macro-dynamics remain to demand higher for the semiconductor manufacturing equipment, and management achieves its 25% revenue increase goals, keeping margins the same and the number of shares constant, investors could expect 2023 earnings per share to be around $20 and $22 and thus providing a reasonable increase to today's upside target placed by analysts.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Companies like Intel (NASDAQ: INTC) and Dell Technologies (NYSE: DELL) have reported sluggish demand in their computer segments, leading up to Apple (NASDAQ: AAPL) announcing its very own 40% decline in PC shipments. Tilting the Playing Field President Joe Biden's take on limiting China's access to semiconductor manufacturing equipment, with the Netherlands (and ASML as a result) following suit in blocking some exports to the Asian giant. The offset to Chinese and Taiwanese demand comes from companies like Intel, one of which has landed collaboration deals with ASML for additional machinery and equipment within their EUV lithography product line.
|
Companies like Intel (NASDAQ: INTC) and Dell Technologies (NYSE: DELL) have reported sluggish demand in their computer segments, leading up to Apple (NASDAQ: AAPL) announcing its very own 40% decline in PC shipments. Red Light or U-Turn ASML CEO Peter Wennick stated that the overall demand for their semiconductor manufacturing equipment, namely their EUV (Extreme Ultra Violet) technology aiding the production of today's chips and semiconductors that power personal computers and other vital electronics, however, on a year-on-year basis, bookings for the EUV equipment have dropped by 46% as a result of global economic slowdowns and a continued shrink of the personal computer market. Assuming that the macro-dynamics remain to demand higher for the semiconductor manufacturing equipment, and management achieves its 25% revenue increase goals, keeping margins the same and the number of shares constant, investors could expect 2023 earnings per share to be around $20 and $22 and thus providing a reasonable increase to today's upside target placed by analysts.
|
Companies like Intel (NASDAQ: INTC) and Dell Technologies (NYSE: DELL) have reported sluggish demand in their computer segments, leading up to Apple (NASDAQ: AAPL) announcing its very own 40% decline in PC shipments. ASML (NASDAQ: ASML) reported its first quarter 2023 earnings this morning as the Dutch semiconductor equipment manufacturer gears up for what the year may hold for the semiconductor industry. Red Light or U-Turn ASML CEO Peter Wennick stated that the overall demand for their semiconductor manufacturing equipment, namely their EUV (Extreme Ultra Violet) technology aiding the production of today's chips and semiconductors that power personal computers and other vital electronics, however, on a year-on-year basis, bookings for the EUV equipment have dropped by 46% as a result of global economic slowdowns and a continued shrink of the personal computer market.
|
Companies like Intel (NASDAQ: INTC) and Dell Technologies (NYSE: DELL) have reported sluggish demand in their computer segments, leading up to Apple (NASDAQ: AAPL) announcing its very own 40% decline in PC shipments. ASML (NASDAQ: ASML) reported its first quarter 2023 earnings this morning as the Dutch semiconductor equipment manufacturer gears up for what the year may hold for the semiconductor industry. Coupled with massive EPS growth came the retirement of seven million shares as the company implemented share buybacks throughout the year, as well as debt reduction, which took the equity in the balance sheet from 24.3% in the last quarter of 2022 up to 27.8% in the first quarter of 2023.
|
038a6f78-d639-48df-a119-12b9b44e97fe
|
725516.0
|
2023-04-19 00:00:00 UTC
|
Microsoft (MSFT) to Report Q3 Earnings: What's in the Cards?
|
DELL
|
https://www.nasdaq.com/articles/microsoft-msft-to-report-q3-earnings%3A-whats-in-the-cards-0
|
nan
|
nan
|
Microsoft MSFT is set to report third-quarter fiscal 2023 results on Apr 25.
The Zacks Consensus Estimate for revenues is pegged at $50.96 billion, indicating growth of 3.24% from the figure reported in the year-ago quarter.
The consensus mark for earnings has remained steady at $2.22 per share over the past 30 days, suggesting flat year-over-year growth.
Microsoft’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, while missing in one, the average surprise being 1.12%.
Let’s see how things have shaped up for the upcoming announcement:
Microsoft Corporation Price and EPS Surprise
Microsoft Corporation price-eps-surprise | Microsoft Corporation Quote
Teams Momentum to Aid Growth
The momentum witnessed for Teams, Microsoft’s workspace communication offering, might have acted as a tailwind in the to-be-reported quarter. Teams’ user growth is expected to have been driven by the continuation of remote work and mainstream adoption of the hybrid/flexible work model.
The introductions of Teams Rooms, Mesh for Teams and Teams Essentials are noteworthy developments. Teams’ expanding customer base and features have been actually helping this Zacks Rank #3 (Hold) company win shares in the enterprise communication market against Zoom ZM. Shares of Microsoft have gained 20.2% in the year-to-date period against Zoom’s decline of 0.7%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Strong adoption of Dynamics 365 is expected to have driven top-line growth in the to-be-reported quarter. Microsoft expects revenue growth in the low to mid-teens driven by continued growth in Dynamics 365, which is now more than 80% of total Dynamics revenues.
Microsoft and OpenAI's shared commitment to building generative AI systems and products that are trustworthy and safe is noteworthy. In the to-be-reported quarter, Microsoft’s rollout of a Bing search chatbot based on technology is underlying OpenAI’s ChatGPT in a renewed attempt to bite off more market share from Google Search.
PC Shipment Decline is Likely to Hurt Top Line
Revenues from Windows are likely to have been driven by steady traction seen in Windows Commercial products and cloud services growth amid weak personal computer (PC) demand.
The decline in PC shipments aggravated in the first quarter of 2023, according to the latest data compiled by market research firm, International Data Corporation (“IDC”). The first quarter marked the fifth consecutive quarter of PC sales decline, following two successive years of strong year-over-year growth, driven by pandemic-led increased demand for remote-working and online-learning tools.
Among big PC vendors, Dell Technologies DELL, Apple AAPL and Lenovo registered a decrease in shipments. Apple registered the highest fall of 40.5% to 4.1 million units, followed by Dell Technologies’ 31% to 9.5 million PCs.
For more personal computing, the company projects revenues between $11.9 billion and $12.3 billion, pressured by a sharp decline in the PC market. The company sees Windows OEM revenues to decline in the mid-to-high 30s in line with the PC market.
The Zacks Consensus Estimate for More Personal Computing revenues is currently pegged at $12.13 billion, indicating 16.4% decline from the figure reported in the year-ago quarter.
For Intelligent Cloud, Microsoft anticipates revenues in constant currency to increase between 17% and 19% to a range of $21.7-$22 billion. Microsoft warned that revenue growth from Azure, the cloud computing platform that has become one of the main engines of its business, would slow by 4 or 5 percentage points sequentially in the fiscal third quarter, leaving aside the effect of currency movements.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apple Inc. (AAPL) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Zoom Video Communications, Inc. (ZM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Among big PC vendors, Dell Technologies DELL, Apple AAPL and Lenovo registered a decrease in shipments. Apple registered the highest fall of 40.5% to 4.1 million units, followed by Dell Technologies’ 31% to 9.5 million PCs. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Zoom Video Communications, Inc. (ZM) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Zoom Video Communications, Inc. (ZM) : Free Stock Analysis Report To read this article on Zacks.com click here. Among big PC vendors, Dell Technologies DELL, Apple AAPL and Lenovo registered a decrease in shipments. Apple registered the highest fall of 40.5% to 4.1 million units, followed by Dell Technologies’ 31% to 9.5 million PCs.
|
Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Zoom Video Communications, Inc. (ZM) : Free Stock Analysis Report To read this article on Zacks.com click here. Among big PC vendors, Dell Technologies DELL, Apple AAPL and Lenovo registered a decrease in shipments. Apple registered the highest fall of 40.5% to 4.1 million units, followed by Dell Technologies’ 31% to 9.5 million PCs.
|
Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Zoom Video Communications, Inc. (ZM) : Free Stock Analysis Report To read this article on Zacks.com click here. Among big PC vendors, Dell Technologies DELL, Apple AAPL and Lenovo registered a decrease in shipments. Apple registered the highest fall of 40.5% to 4.1 million units, followed by Dell Technologies’ 31% to 9.5 million PCs.
|
816a4d83-ad2e-44e0-9dea-6a645970a338
|
725517.0
|
2023-04-17 00:00:00 UTC
|
JP Morgan Downgrades Dell (DELL)
|
DELL
|
https://www.nasdaq.com/articles/jp-morgan-downgrades-dell-dell
|
nan
|
nan
|
Fintel reports that on April 17, 2023, JP Morgan downgraded their outlook for Dell (NYSE:DELL) from Overweight to Neutral .
Analyst Price Forecast Suggests 10.19% Upside
As of April 6, 2023, the average one-year price target for Dell is $47.69. The forecasts range from a low of $37.37 to a high of $57.75. The average price target represents an increase of 10.19% from its latest reported closing price of $43.28.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Dell is $93,264MM, a decrease of 8.83%. The projected annual non-GAAP EPS is $6.46.
Dell Declares $0.37 Dividend
On March 2, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Shareholders of record as of April 25, 2023 will receive the payment on May 5, 2023. Previously, the company paid $0.33 per share.
At the current share price of $43.28 / share, the stock's dividend yield is 3.42%. Looking back five years and taking a sample every week, the average dividend yield has been 3.88%, the lowest has been 1.34%, and the highest has been 8.14%. The standard deviation of yields is 1.25 (n=202).
The current dividend yield is 0.36 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.44. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
What are Other Shareholders Doing?
Group One Trading holds 28K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 0K shares, representing an increase of 100.00%.
Sumitomo Mitsui Trust Holdings holds 842K shares representing 0.12% ownership of the company. In it's prior filing, the firm reported owning 895K shares, representing a decrease of 6.34%. The firm increased its portfolio allocation in DELL by 6.65% over the last quarter.
Geode Capital Management holds 3,511K shares representing 0.48% ownership of the company. In it's prior filing, the firm reported owning 3,560K shares, representing a decrease of 1.40%. The firm increased its portfolio allocation in DELL by 7.36% over the last quarter.
Envestnet Asset Management holds 207K shares representing 0.03% ownership of the company. In it's prior filing, the firm reported owning 207K shares, representing a decrease of 0.07%. The firm increased its portfolio allocation in DELL by 6.65% over the last quarter.
SJVCX - Steward Large Cap Value Fund Class C holds 14K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 14K shares, representing a decrease of 4.41%. The firm decreased its portfolio allocation in DELL by 4.33% over the last quarter.
What is the Fund Sentiment?
There are 1168 funds or institutions reporting positions in Dell. This is an increase of 48 owner(s) or 4.29% in the last quarter. Average portfolio weight of all funds dedicated to DELL is 0.15%, a decrease of 6.74%. Total shares owned by institutions decreased in the last three months by 0.27% to 220,192K shares.
The put/call ratio of DELL is 0.77, indicating a bullish outlook.
Dell Technologies Background Information
(This description is provided by the company.)
Dell Technologies helps organizations and individuals build their digital future and transform how they work, live and play. The company provides customers with the industry's broadest and most innovative technology and services portfolio for the data era.
See all Dell regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The firm increased its portfolio allocation in DELL by 6.65% over the last quarter. Dell Technologies helps organizations and individuals build their digital future and transform how they work, live and play. Fintel reports that on April 17, 2023, JP Morgan downgraded their outlook for Dell (NYSE:DELL) from Overweight to Neutral .
|
The firm increased its portfolio allocation in DELL by 6.65% over the last quarter. Fintel reports that on April 17, 2023, JP Morgan downgraded their outlook for Dell (NYSE:DELL) from Overweight to Neutral . Analyst Price Forecast Suggests 10.19% Upside As of April 6, 2023, the average one-year price target for Dell is $47.69.
|
Dell Declares $0.37 Dividend On March 2, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). The firm increased its portfolio allocation in DELL by 6.65% over the last quarter. Fintel reports that on April 17, 2023, JP Morgan downgraded their outlook for Dell (NYSE:DELL) from Overweight to Neutral .
|
Analyst Price Forecast Suggests 10.19% Upside As of April 6, 2023, the average one-year price target for Dell is $47.69. The firm increased its portfolio allocation in DELL by 6.65% over the last quarter. Fintel reports that on April 17, 2023, JP Morgan downgraded their outlook for Dell (NYSE:DELL) from Overweight to Neutral .
|
9a053b35-6aa4-4388-90ee-e3396ae7a126
|
725518.0
|
2023-04-17 00:00:00 UTC
|
US STOCKS-Wall St set for muted open as investors focus on earnings, Fed cues
|
DELL
|
https://www.nasdaq.com/articles/us-stocks-wall-st-set-for-muted-open-as-investors-focus-on-earnings-fed-cues
|
nan
|
nan
|
By Sruthi Shankar and Ankika Biswas
April 17 (Reuters) - U.S. stocks were set for a muted open on Monday as investors awaited more bank earnings and views from Federal Reserve policymakers that could shape expectations around when the central bank will pause its monetary policy tightening.
Wall Street closed lower on Friday after mixed economic data appeared to affirm another Fed interest rate hike in May, dampening investor enthusiasm after a series of big U.S. bank earnings launched the first-quarter reporting season.
While banking heavyweights including JP Morgan Chase & Co JPM.Nreaped windfalls from higher interest payments, focus will be on smaller banks that were at the center of the banking turmoil last month as well as forecast from companies amid worries of a recession.
"Inflation fire has really been put out, but we're going to continue to pour water over it until we feel confident that it is so," Sam Stovall, chief investment strategist at CFRA Research said, adding that people were bracing for a deep recession that just might not come.
"Regional bank earnings will come in very slightly positive, while bigger banks will probably post surprisingly positive results."
Other major U.S. banks including Goldman Sachs Group Inc GS.N, Bank of America Corp BAC.N and Morgan Stanley MS.N will report through the week.
Analysts expect profits at S&P 500 companies to have declined 4.8% in the first quarter of 2023 from the year-earlier period, according to Refinitiv data, a slight improvement from last week's forecast of a 5.2% decline.
The S&P 500 .SPX and the blue-chip Dow .DJI are trading near two-month highs, following the selloff in March due to the banking crisis and fears about the Fed staying on a hawkish course for longer.
The U.S. central bank is widely seen raising rates by 25 basis points to the 5.00%-5.25% range next month, but recent economic data signaling a slowing U.S. economy have intensified debate over whether it will be the last in this cycle.
Traders' bets of a 25-bps hike in May have risen to nearly 90% from 78% last week, according to CME Group's Fedwatch tool.
U.S. Treasury yields touched session highs after data showed business conditions in New York state unexpectedly bounced back to expansion territory in April after slumping in the previous month.
At 8:44 a.m. ET, Dow e-minis 1YMcv1 were up 35 points, or 0.10%, S&P 500 e-minis EScv1 were up 1.75 points, or 0.04%, and Nasdaq 100 e-minis NQcv1 were down 3.75 points, or 0.03%.
Alphabet Inc GOOGL.O dropped 4.2% in premarket trading following a report that Samsung was considering replacing Google with Microsoft Corp's MSFT.O Bing as the default search engine on its devices. Microsoft's shares rose 1.8%.
Prometheus Biosciences Inc RXDX.O rallied 69.9% after Merck & Co MRK.Nsaid it will buy the biotech company for about $10.8 billion.
Dell Technologies Inc DELL.N slipped 3.3% as J.P.Morgan downgraded the PC maker's stock to "neutral", while HP Inc HPQ.N gained 2.5% after the brokerage upgraded its stock to "overweight".
State Street Corp STT.N fell 10.8% after the custodian bank reported a weaker-than-expected quarterly profit, while financial broker Charles Schwab SCHW.N inched up 0.7% after upbeat results.
(Reporting by Sruthi Shankar and Ankika Biswas in Bengaluru; Editing by Shounak Dasgupta)
((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2787))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Dell Technologies Inc DELL.N slipped 3.3% as J.P.Morgan downgraded the PC maker's stock to "neutral", while HP Inc HPQ.N gained 2.5% after the brokerage upgraded its stock to "overweight". Wall Street closed lower on Friday after mixed economic data appeared to affirm another Fed interest rate hike in May, dampening investor enthusiasm after a series of big U.S. bank earnings launched the first-quarter reporting season. "Inflation fire has really been put out, but we're going to continue to pour water over it until we feel confident that it is so," Sam Stovall, chief investment strategist at CFRA Research said, adding that people were bracing for a deep recession that just might not come.
|
Dell Technologies Inc DELL.N slipped 3.3% as J.P.Morgan downgraded the PC maker's stock to "neutral", while HP Inc HPQ.N gained 2.5% after the brokerage upgraded its stock to "overweight". By Sruthi Shankar and Ankika Biswas April 17 (Reuters) - U.S. stocks were set for a muted open on Monday as investors awaited more bank earnings and views from Federal Reserve policymakers that could shape expectations around when the central bank will pause its monetary policy tightening. Other major U.S. banks including Goldman Sachs Group Inc GS.N, Bank of America Corp BAC.N and Morgan Stanley MS.N will report through the week.
|
Dell Technologies Inc DELL.N slipped 3.3% as J.P.Morgan downgraded the PC maker's stock to "neutral", while HP Inc HPQ.N gained 2.5% after the brokerage upgraded its stock to "overweight". By Sruthi Shankar and Ankika Biswas April 17 (Reuters) - U.S. stocks were set for a muted open on Monday as investors awaited more bank earnings and views from Federal Reserve policymakers that could shape expectations around when the central bank will pause its monetary policy tightening. While banking heavyweights including JP Morgan Chase & Co JPM.Nreaped windfalls from higher interest payments, focus will be on smaller banks that were at the center of the banking turmoil last month as well as forecast from companies amid worries of a recession.
|
Dell Technologies Inc DELL.N slipped 3.3% as J.P.Morgan downgraded the PC maker's stock to "neutral", while HP Inc HPQ.N gained 2.5% after the brokerage upgraded its stock to "overweight". By Sruthi Shankar and Ankika Biswas April 17 (Reuters) - U.S. stocks were set for a muted open on Monday as investors awaited more bank earnings and views from Federal Reserve policymakers that could shape expectations around when the central bank will pause its monetary policy tightening. Other major U.S. banks including Goldman Sachs Group Inc GS.N, Bank of America Corp BAC.N and Morgan Stanley MS.N will report through the week.
|
3fb6467d-4977-4c44-82d3-c978a3c46a53
|
725519.0
|
2023-04-17 00:00:00 UTC
|
US STOCKS-Futures subdued as investors eye bank earnings, Fed cues
|
DELL
|
https://www.nasdaq.com/articles/us-stocks-futures-subdued-as-investors-eye-bank-earnings-fed-cues-0
|
nan
|
nan
|
By Sruthi Shankar and Ankika Biswas
April 17 (Reuters) - U.S. stock index futures were flat on Monday as investors awaited more bank earnings and views from Federal Reserve policymakers that could shape expectations around when the central bank will pause its monetary policy tightening.
Wall Street closed lower on Friday after mixed economic data appeared to affirm another Fed interest rate hike in May, dampening investor enthusiasm after a series of big U.S. bank earnings launched the first-quarter reporting season.
While banking heavyweights including JP Morgan Chase & Co JPM.Nreaped windfalls from higher interest payments, focus will be on smaller banks that were at the center of the banking turmoil last month as well as forecast from companies amid worries of a recession.
"So far, numbers seen have been encouraging and have soothed fears around bank profitability. But things are going to get more difficult going forward," Stuart Cole, chief macro economist at Equiti Capital, said.
"For regional banks, profitability will suffer as they are forced to focus on ensuring adequate liquidity rather than lending, while the larger banks are facing more difficult times ahead amid signs of a slowing economy."
Other U.S. banks including Goldman Sachs Group Inc GS.N, Bank of America Corp BAC.N, Morgan Stanley MS.N will report through the week, while financial company Charles Schwab Corp SCHW.N is reporting before the opening bell on Monday.
Analysts expect profits at S&P 500 companies to have declined 4.8% in the first quarter of 2023 from the year-earlier period, according to Refinitiv data, a slight improvement from last week's forecast of a 5.2% decline.
The S&P 500 .SPX and the blue-chip Dow .DJI are trading near two-month highs, having recovered from March's selloff on the banking crisis and fears about the Fed staying on a hawkish course for longer.
The U.S. central bank is widely seen raising rates by a quarter percentage point to the 5.00%-5.25% range next month, but recent economic data signaling a slowing U.S. economy have intensified debate over whether it will be the last in this cycle.
Traders' bets of a 25-basis point hike in May have risen to nearly 90% from 78% last week, according to CME Group's Fedwatch tool.
U.S. central bank officials including New York Fed President John Williams and Cleveland Fed President Loretta Mester are scheduled to speak later this week.
A report at 8:30 a.m. ET (1230 GMT) is expected to show business conditions in New York state improved in April after slumping in the previous month.
At 6:52 a.m. ET, Dow e-minis 1YMcv1 were up 18 points, or 0.05%, S&P 500 e-minis EScv1 were up 3.25 points, or 0.08%, and Nasdaq 100 e-minis NQcv1 were up 1.5 points, or 0.01%.
Alphabet Inc GOOGL.O dropped 3.3% among major growth stocks in premarket trading following a report that Samsung was considering replacing Google with Microsoft Corp's MSFT.O Bing as the default search engine on its devices.
Prometheus Biosciences Inc RXDX.O rallied 69.9% after Merck & Co MRK.Nsaid it will buy the biotech company for about $10.8 billion.
Dell Technologies Inc DELL.N slipped 2.1% as J.P.Morgan downgraded the PC maker's stock to "neutral", while HP Inc HPQ.N gained 2.3% after the brokerage upgraded its stock to "overweight".
(Reporting by Sruthi Shankar and Ankika Biswas in Bengaluru; Editing by Shounak Dasgupta)
((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2787))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Dell Technologies Inc DELL.N slipped 2.1% as J.P.Morgan downgraded the PC maker's stock to "neutral", while HP Inc HPQ.N gained 2.3% after the brokerage upgraded its stock to "overweight". Wall Street closed lower on Friday after mixed economic data appeared to affirm another Fed interest rate hike in May, dampening investor enthusiasm after a series of big U.S. bank earnings launched the first-quarter reporting season. The U.S. central bank is widely seen raising rates by a quarter percentage point to the 5.00%-5.25% range next month, but recent economic data signaling a slowing U.S. economy have intensified debate over whether it will be the last in this cycle.
|
Dell Technologies Inc DELL.N slipped 2.1% as J.P.Morgan downgraded the PC maker's stock to "neutral", while HP Inc HPQ.N gained 2.3% after the brokerage upgraded its stock to "overweight". By Sruthi Shankar and Ankika Biswas April 17 (Reuters) - U.S. stock index futures were flat on Monday as investors awaited more bank earnings and views from Federal Reserve policymakers that could shape expectations around when the central bank will pause its monetary policy tightening. Other U.S. banks including Goldman Sachs Group Inc GS.N, Bank of America Corp BAC.N, Morgan Stanley MS.N will report through the week, while financial company Charles Schwab Corp SCHW.N is reporting before the opening bell on Monday.
|
Dell Technologies Inc DELL.N slipped 2.1% as J.P.Morgan downgraded the PC maker's stock to "neutral", while HP Inc HPQ.N gained 2.3% after the brokerage upgraded its stock to "overweight". By Sruthi Shankar and Ankika Biswas April 17 (Reuters) - U.S. stock index futures were flat on Monday as investors awaited more bank earnings and views from Federal Reserve policymakers that could shape expectations around when the central bank will pause its monetary policy tightening. While banking heavyweights including JP Morgan Chase & Co JPM.Nreaped windfalls from higher interest payments, focus will be on smaller banks that were at the center of the banking turmoil last month as well as forecast from companies amid worries of a recession.
|
Dell Technologies Inc DELL.N slipped 2.1% as J.P.Morgan downgraded the PC maker's stock to "neutral", while HP Inc HPQ.N gained 2.3% after the brokerage upgraded its stock to "overweight". Other U.S. banks including Goldman Sachs Group Inc GS.N, Bank of America Corp BAC.N, Morgan Stanley MS.N will report through the week, while financial company Charles Schwab Corp SCHW.N is reporting before the opening bell on Monday. The U.S. central bank is widely seen raising rates by a quarter percentage point to the 5.00%-5.25% range next month, but recent economic data signaling a slowing U.S. economy have intensified debate over whether it will be the last in this cycle.
|
58d8f76a-cde1-4459-bacd-895fd6a30d76
|
725520.0
|
2023-04-13 00:00:00 UTC
|
The 3 Most Promising Quantum Computing Stocks to Buy in April
|
DELL
|
https://www.nasdaq.com/articles/the-3-most-promising-quantum-computing-stocks-to-buy-in-april
|
nan
|
nan
|
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Quantum computers could potentially revolutionize multiple industries with their unparalleled efficiency and scalability compared to transistor-based CPUs. Analysts point to an estimated $125 billion market up for grabs by the conclusion of the current decade. Therefore, quantum computing stocks to buy offer tremendous upside ahead, with a sector poised for a staggering 37% annualized growth rate through 2030.
Quantum computers can effectively tackle complex and large-scale problems across various sectors, including transportation, chemicals, banking, and others, attracting substantial investment. Moreover, Wall Street’s spotlight turned to this burgeoning sector in 2021. Furthermore, according to McKinsey’s research, quantum technology companies secured a whopping $1.4 billion in funding in 2022, more than doubling the previous year’s figure.
Despite its promising future, the sector is still in its nascency, with investments primarily focused on research and development. With that in mind, let’s consider the three most promising quantum computing stocks to buy this month.
Quantum Computing Stocks to Buy: IBM (IBM)
Source: JHVEPhoto / Shutterstock.com
IBM (NYSE:IBM) is one of the top quantum computing plays, which boasts an incredible line-up of products in the sector. It boasts over 20 of the most powerful quantum computing systems, with its most recent 433 qubits release.
In 2016, it released its first publicly available codable quantum computer, following up the IBM Falcon in 2019. The Falcon is the first commercially available quantum computer, which has become the most popular system to date. Moreover, IBM plans to release its much-talked-about Condor computer, which can effectively handle 1,121 qubits. Over the next couple of years, the company plans to have a processor with a whopping 4,158 qubits.
Though quantum computing represents just a small part of IBM’s business, IBM stock could move independently in line with the expansion in the quantum computing space.
IonQ (IONQ)
Source: Amin Van / Shutterstock.com
IonQ (NYSE:IONQ) is arguably the best pure-play in the quantum computing space. The firm is developing trapped-ion quantum computers that can be used effectively for general use and has partnerships having a profound impact on its financials. Many of these partners have massive cash war chests, including Microsoft (NASDAQ:MSFT) and Dell (NYSE:DELL).
Revenues for the firm have been rising tremendously each quarter, with sales rising 130.9% from the fourth quarter of last year to the fourth quarter of 2022. Moreover, its gross margins stand at a remarkable 76.3%, with the firm recently announcing the completion of its 32-qubit quantum computer.
Furthermore, it has a robust balance sheet with $355 million in cash and short-term investments. With this stockpile, the company can effectively weather the economic volatility for the foreseeable future and continue pushing toward long-term expansion.
Taiwan Semiconductor (TSM)
Source: Sundry Photography / Shutterstock.com
As the quantum computing revolution gains momentum, semiconductor giant Taiwan Semiconductor (NYSE:TSM) has made impressive strides to stay ahead of the curve. Semiconductors are critical components in quantum computing, facilitating the creation of advanced processors. With TSMC’s leading position in the chip sphere, it has the potential to become a major player in the quantum computing space.
Furthermore, in its unique collaboration with Taiwan’s Ministry of Science and Technology, the firm has unveiled a state-of-the-art cloud computing platform that effectively unlocks the potential of quantum algorithms for businesses. This fruitful partnership is expected to span nearly five years, positioning the company as a trailblazer in this evolving space.
Its underlying business remains incredibly robust, with it generating an incredible 16% and 17% growth in sales and EBITDA, respectively, over the past five years. The semiconductor shortage led to a hefty margin bump this year, with the company aiming for 15% to 20% sales growth in U.S. dollar terms. Moreover, it also targets profit margins north of 50%, with an impressive return on equity of over 25%.
On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor’s of science degree in applied accounting from Oxford Brookes University.
The post The 3 Most Promising Quantum Computing Stocks to Buy in April appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Many of these partners have massive cash war chests, including Microsoft (NASDAQ:MSFT) and Dell (NYSE:DELL). Therefore, quantum computing stocks to buy offer tremendous upside ahead, with a sector poised for a staggering 37% annualized growth rate through 2030. Quantum computers can effectively tackle complex and large-scale problems across various sectors, including transportation, chemicals, banking, and others, attracting substantial investment.
|
Many of these partners have massive cash war chests, including Microsoft (NASDAQ:MSFT) and Dell (NYSE:DELL). Furthermore, according to McKinsey’s research, quantum technology companies secured a whopping $1.4 billion in funding in 2022, more than doubling the previous year’s figure. Quantum Computing Stocks to Buy: IBM (IBM) Source: JHVEPhoto / Shutterstock.com IBM (NYSE:IBM) is one of the top quantum computing plays, which boasts an incredible line-up of products in the sector.
|
Many of these partners have massive cash war chests, including Microsoft (NASDAQ:MSFT) and Dell (NYSE:DELL). Quantum Computing Stocks to Buy: IBM (IBM) Source: JHVEPhoto / Shutterstock.com IBM (NYSE:IBM) is one of the top quantum computing plays, which boasts an incredible line-up of products in the sector. Though quantum computing represents just a small part of IBM’s business, IBM stock could move independently in line with the expansion in the quantum computing space.
|
Many of these partners have massive cash war chests, including Microsoft (NASDAQ:MSFT) and Dell (NYSE:DELL). Quantum Computing Stocks to Buy: IBM (IBM) Source: JHVEPhoto / Shutterstock.com IBM (NYSE:IBM) is one of the top quantum computing plays, which boasts an incredible line-up of products in the sector. It boasts over 20 of the most powerful quantum computing systems, with its most recent 433 qubits release.
|
309ed9e7-d70a-4c5e-827d-a537ff654a33
|
725521.0
|
2023-04-13 00:00:00 UTC
|
June 2nd Options Now Available For Dell Technologies
|
DELL
|
https://www.nasdaq.com/articles/june-2nd-options-now-available-for-dell-technologies
|
nan
|
nan
|
Investors in Dell Technologies Inc (Symbol: DELL) saw new options begin trading today, for the June 2nd expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new June 2nd contracts and identified one put and one call contract of particular interest.
The put contract at the $41.00 strike price has a current bid of $1.45. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $41.00, but will also collect the premium, putting the cost basis of the shares at $39.55 (before broker commissions). To an investor already interested in purchasing shares of DELL, that could represent an attractive alternative to paying $41.95/share today.
Because the $41.00 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 3.54% return on the cash commitment, or 25.82% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Dell Technologies Inc, and highlighting in green where the $41.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $44.00 strike price has a current bid of 65 cents. If an investor was to purchase shares of DELL stock at the current price level of $41.95/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $44.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 6.44% if the stock gets called away at the June 2nd expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DELL shares really soar, which is why looking at the trailing twelve month trading history for Dell Technologies Inc, as well as studying the business fundamentals becomes important. Below is a chart showing DELL's trailing twelve month trading history, with the $44.00 strike highlighted in red:
Considering the fact that the $44.00 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 1.55% boost of extra return to the investor, or 11.31% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 250 trading day closing values as well as today's price of $41.95) to be 40%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of Stocks Conducting Buybacks »
Also see:
Institutional Holders of SKYH
Funds Holding UFO
Top Ten Hedge Funds Holding CSLM
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Below is a chart showing DELL's trailing twelve month trading history, with the $44.00 strike highlighted in red: Considering the fact that the $44.00 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Dell Technologies Inc (Symbol: DELL) saw new options begin trading today, for the June 2nd expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new June 2nd contracts and identified one put and one call contract of particular interest.
|
Below is a chart showing DELL's trailing twelve month trading history, with the $44.00 strike highlighted in red: Considering the fact that the $44.00 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Investors in Dell Technologies Inc (Symbol: DELL) saw new options begin trading today, for the June 2nd expiration.
|
Below is a chart showing the trailing twelve month trading history for Dell Technologies Inc, and highlighting in green where the $41.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $44.00 strike price has a current bid of 65 cents. Below is a chart showing DELL's trailing twelve month trading history, with the $44.00 strike highlighted in red: Considering the fact that the $44.00 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Dell Technologies Inc (Symbol: DELL) saw new options begin trading today, for the June 2nd expiration.
|
At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new June 2nd contracts and identified one put and one call contract of particular interest. Below is a chart showing DELL's trailing twelve month trading history, with the $44.00 strike highlighted in red: Considering the fact that the $44.00 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Dell Technologies Inc (Symbol: DELL) saw new options begin trading today, for the June 2nd expiration.
|
20179d41-3b61-476c-9132-f9f276be49b0
|
725522.0
|
2023-04-13 00:00:00 UTC
|
Apple (AAPL) Plans to Shift Some MacBook Production to Thailand
|
DELL
|
https://www.nasdaq.com/articles/apple-aapl-plans-to-shift-some-macbook-production-to-thailand
|
nan
|
nan
|
Apple AAPL is mulling moving some MacBook production to Thailand as part of its broader plan to reduce its dependency on China for manufacturing its devices. Thailand has been already mass-producing Apple Watch over the past year. It also produces AirPods and some iPads.
Per the latest Reuters report citing NIKKEI Asia, the iPhone maker is in active discussion with suppliers, already having an existing manufacturing footprint in Thailand to make MacBooks. Apple is set to start mass production of some MacBooks in Vietnam shortly.
The company’s plan to reduce its dependency on China can be attributed to the turbulent relationship between the United States and China, as well as its intention of expanding its manufacturing footprint in Southeast Asia countries, including Vietnam and Thailand.
Moreover, India has evolved as the preferred production base for Apple devices, particularly iPhone. According to the latest Bloomberg report, Apple assembled more than $7 billion worth of smartphones in India in the last fiscal year. It is also expected to move some AirPods and Beats earphone production to India.
Apple's latest initiative to expand manufacturing footprint is expected to boost prospects. Shares have gained 23.2% year to date, outperforming the Zacks Computer and Technology sector’s growth of 17.7% and the S&P 500’s rise of 7%.
However, challenging macroeconomic conditions and lower demand for Mac and iPad are expected to hurt growth ahead of the fiscal second-quarter results set to be reported on May 4.
Apple Inc. Price and Consensus
Apple Inc. price-consensus-chart | Apple Inc. Quote
Although Apple did not provide revenue guidance for the second quarter of fiscal 2023, it expects the March-end quarter’s year-over-year revenue growth to be similar to that reported for the December-end quarter due to unfavorable forex of roughly 5%.
The Zacks Consensus Estimate for fiscal second-quarter earnings is pegged at $1.43 per share, down by a penny over the past 30 days. The consensus mark for revenues stands at $93.11 billion, indicating a year-over-year decline of 4.29%.
Apple Mac Prospects Not Bright in 2023
Apple’s Mac has been suffering from lower PC demand year to date. Per IDC’s latest data, global PC shipments totaled 56.9 million units in the first quarter of 2023, down 29% due to sluggish demand and excess inventory.
Apple registered the highest fall of 40.5% to 4.1 million units, followed by Dell Technologies’ DELL 31% to $9.5 million PCs. PC volumes of Lenovo LNVGY and ASUS fell 30.3% to 12.7 million and 3.9 million units, respectively. HP Inc.'s HPQ shipments contracted 24.2% to 12 million units.
Lenovo also maintained its market share of 22.4%, trailed by HP and Dell, with market shares of 21.1% and 16.7%, respectively. Apple registered a 7.2% market share, down from 8.6% in first-quarter 2022.
For the second quarter of fiscal 2023, Apple expects Mac and iPad revenues to decline in the double digits on a year-over-year basis due to challenging comparisons and macroeconomic headwinds.
In the fiscal first quarter, Mac sales of $7.74 billion decreased 28.7% from the year-ago quarter and accounted for 6.6% of the total sales. Meanwhile, iPad sales of $9.4 billion improved 29.6% year over year and accounted for 8% of the total sales.
The Zacks Consensus Estimate for fiscal second-quarter Mac revenues stands at $8.029 billion, indicating a 23.1% year-over-year decline.
The consensus mark for iPad revenues is pegged at $6.719 billion, suggesting a 12.1% year-over-year decline.
Moreover, iPhone sales are expected to have suffered from lower demand. The Zacks Consensus Estimate for iPhone sales is pegged at $49.605 billion, indicating a 1.9% year-over-year decline and a 24.6% sequential decline.
For second-quarter fiscal 2023, Services revenue growth is expected to be negatively impacted by challenging macroeconomic conditions, as well as weakness in digital advertising and gaming. However, this Zacks Rank #3 (Hold) company expects revenues to increase year over year. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for fiscal second-quarter Services revenues is pegged at $20.86 billion, indicating a 5.3% year-over-year decline.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apple Inc. (AAPL) : Free Stock Analysis Report
HP Inc. (HPQ) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Apple registered the highest fall of 40.5% to 4.1 million units, followed by Dell Technologies’ DELL 31% to $9.5 million PCs. Lenovo also maintained its market share of 22.4%, trailed by HP and Dell, with market shares of 21.1% and 16.7%, respectively. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report To read this article on Zacks.com click here. Apple registered the highest fall of 40.5% to 4.1 million units, followed by Dell Technologies’ DELL 31% to $9.5 million PCs. Lenovo also maintained its market share of 22.4%, trailed by HP and Dell, with market shares of 21.1% and 16.7%, respectively.
|
Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report To read this article on Zacks.com click here. Apple registered the highest fall of 40.5% to 4.1 million units, followed by Dell Technologies’ DELL 31% to $9.5 million PCs. Lenovo also maintained its market share of 22.4%, trailed by HP and Dell, with market shares of 21.1% and 16.7%, respectively.
|
Apple registered the highest fall of 40.5% to 4.1 million units, followed by Dell Technologies’ DELL 31% to $9.5 million PCs. Lenovo also maintained its market share of 22.4%, trailed by HP and Dell, with market shares of 21.1% and 16.7%, respectively. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
f7fce774-f873-423a-a1c9-2eb2a1144cd8
|
725523.0
|
2023-04-12 00:00:00 UTC
|
Oracle (ORCL) to Boost Franchise Growth of Uno Pizzeria & Grill
|
DELL
|
https://www.nasdaq.com/articles/oracle-orcl-to-boost-franchise-growth-of-uno-pizzeria-grill
|
nan
|
nan
|
Oracle ORCL Cloud to be used by popular franchise Uno Pizzeria & Grill to boost its growth into new markets and restaurant concept. Unos uses data insights from Oracle MICROS Simphony Cloud Point-of-Sale to increase efficiency in operations while expanding its franchise restaurants and launching new and smaller restaurants.
Oracle offers Unos a centralized view of the customer engagement of its restaurants, including delivery and order history, restaurant management, loyalty rewards and more. These insights help to identify customer’s changing needs and set menus of popular items across locations.
Using MICROS Simphony’s Open API and integrations, Unos has been able to upgrade back and front operations. This is done by inserting third-party applications into Simphony, such as a new contactless payment option with a new mobile application for pay-at-the-table transactions.
Unos has already increased sales by removing complexities from third-party order fulfilment process across delivery channels. These channels include GrubHub, DoorDash and room service orders at its new in-hotel locations.
Oracle Corporation Price and Consensus
Oracle Corporation price-consensus-chart | Oracle Corporation Quote
Emerging Big Data Market in Food and Beverages Industry
According to a IndustryARC report, The Big Data Market in Food and Beverages Industry is expected to reach $2.1 billion by 2026. This indicates a CAGR of 34.3% from 2021 to 2026.
This Zacks Rank #3 (Hold) company has an established restaurant technology solutions segment catering to customers in 180 countries, recording more than $150 billion in transactions per year. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of Oracle have increased 17.8% in the past year against the Zacks Computer and Technology sector’s decline of 9.3% in the same period.
The Zacks Consensus Estimate for ORCL’s fourth-quarter 2022 is pegged at a profit of $1.58 per share, indicating year-over-year growth of 2.6%. The Zacks Consensus Estimate for revenues in 2023 is pegged at $49.86 billion, indicating year-over-year growth of 17.47%.
Besides Oracle Food & Beverage, Accenture ACN, Dell Technologies DELL and Amazon AMZN Web Services are considered key players of the market.
Amazon Web Services (AWS) helps enterprises to create more business value. DynamoDB, Hadoop and Elastic MapReduce are major platforms used and AWS is simplifying the process for companies to store, manage and analyse its data.
Accenture had acquired Byte Prophecy, a big data analysis company from India to meet the growing demand for digital analytics. This acquisition also includes 50 data sciences and experts to join Accenture.
Dell EMC storage technologies helps in making data more accessible, reduces storage footprint and cutting costs as well. It allows Gordon Food Service to make 20,000 deliveries and run 2,700 trucks efficiently per day.
Oracle offers a full suite of restaurant technology solutions which includes online ordering, POS, end-to-end payment processing, restaurant analytics and mobile order and pay. With a wide range of satisfied customers, Oracle is expected to stay as a leader in the big data market for food and beverages.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Accenture PLC (ACN) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Oracle Corporation (ORCL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Besides Oracle Food & Beverage, Accenture ACN, Dell Technologies DELL and Amazon AMZN Web Services are considered key players of the market. Dell EMC storage technologies helps in making data more accessible, reduces storage footprint and cutting costs as well. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Accenture PLC (ACN) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Oracle Corporation (ORCL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Besides Oracle Food & Beverage, Accenture ACN, Dell Technologies DELL and Amazon AMZN Web Services are considered key players of the market. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Accenture PLC (ACN) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Oracle Corporation (ORCL) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell EMC storage technologies helps in making data more accessible, reduces storage footprint and cutting costs as well.
|
Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Accenture PLC (ACN) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Oracle Corporation (ORCL) : Free Stock Analysis Report To read this article on Zacks.com click here. Besides Oracle Food & Beverage, Accenture ACN, Dell Technologies DELL and Amazon AMZN Web Services are considered key players of the market. Dell EMC storage technologies helps in making data more accessible, reduces storage footprint and cutting costs as well.
|
Besides Oracle Food & Beverage, Accenture ACN, Dell Technologies DELL and Amazon AMZN Web Services are considered key players of the market. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Accenture PLC (ACN) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Oracle Corporation (ORCL) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell EMC storage technologies helps in making data more accessible, reduces storage footprint and cutting costs as well.
|
960e14c0-77bb-4884-b578-e153fbe8df07
|
725524.0
|
2023-04-11 00:00:00 UTC
|
June 2024 Options Now Available For Dell Technologies
|
DELL
|
https://www.nasdaq.com/articles/june-2024-options-now-available-for-dell-technologies
|
nan
|
nan
|
Investors in Dell Technologies Inc (Symbol: DELL) saw new options become available today, for the June 2024 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 437 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new June 2024 contracts and identified one put and one call contract of particular interest.
The put contract at the $40.00 strike price has a current bid of $4.50. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $40.00, but will also collect the premium, putting the cost basis of the shares at $35.50 (before broker commissions). To an investor already interested in purchasing shares of DELL, that could represent an attractive alternative to paying $41.56/share today.
Because the $40.00 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 11.25% return on the cash commitment, or 9.40% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Dell Technologies Inc, and highlighting in green where the $40.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $42.50 strike price has a current bid of $5.20. If an investor was to purchase shares of DELL stock at the current price level of $41.56/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $42.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 14.77% if the stock gets called away at the June 2024 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DELL shares really soar, which is why looking at the trailing twelve month trading history for Dell Technologies Inc, as well as studying the business fundamentals becomes important. Below is a chart showing DELL's trailing twelve month trading history, with the $42.50 strike highlighted in red:
Considering the fact that the $42.50 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 12.51% boost of extra return to the investor, or 10.45% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 250 trading day closing values as well as today's price of $41.56) to be 40%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of Stocks Conducting Buybacks »
Also see:
Preferred Stock Notification Service
ACHN Options Chain
SITO Price Target
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Below is a chart showing DELL's trailing twelve month trading history, with the $42.50 strike highlighted in red: Considering the fact that the $42.50 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Dell Technologies Inc (Symbol: DELL) saw new options become available today, for the June 2024 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new June 2024 contracts and identified one put and one call contract of particular interest.
|
Below is a chart showing DELL's trailing twelve month trading history, with the $42.50 strike highlighted in red: Considering the fact that the $42.50 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Investors in Dell Technologies Inc (Symbol: DELL) saw new options become available today, for the June 2024 expiration.
|
Below is a chart showing the trailing twelve month trading history for Dell Technologies Inc, and highlighting in green where the $40.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $42.50 strike price has a current bid of $5.20. Below is a chart showing DELL's trailing twelve month trading history, with the $42.50 strike highlighted in red: Considering the fact that the $42.50 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Dell Technologies Inc (Symbol: DELL) saw new options become available today, for the June 2024 expiration.
|
At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new June 2024 contracts and identified one put and one call contract of particular interest. Below is a chart showing DELL's trailing twelve month trading history, with the $42.50 strike highlighted in red: Considering the fact that the $42.50 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Dell Technologies Inc (Symbol: DELL) saw new options become available today, for the June 2024 expiration.
|
7b631657-266d-4867-8f4c-a05a4fca7c0e
|
725525.0
|
2023-04-11 00:00:00 UTC
|
PC Shipments Plunge in Q1 on Weak Demand & Excess Inventory
|
DELL
|
https://www.nasdaq.com/articles/pc-shipments-plunge-in-q1-on-weak-demand-excess-inventory
|
nan
|
nan
|
The decline in personal computer (PC) shipments aggravated in the first quarter of 2023, according to the latest data compiled by market research firm International Data Corporation (“IDC”). The latest data compiled by the market research firm depicts the fifth consecutive quarter of PC sales decline following two successive years of strong year-over-year growth, driven by pandemic-led increased demand for remote-working and online-learning tools.
Per the preliminary data released by IDC, PC shipments in the January-March 2023 quarter plunged 29% year over year to 56.9 million units. In the first, second, third and fourth quarter of 2022, PC volumes declined 5.1%, 15.3%, 15% and 28.1%, respectively.
Apple Registers Biggest Fall in Q1
IDC revealed that all vendors registered steep year-over-year declines in their PC sales volumes. Per the data compiled by the market research firm, Apple AAPL registered the highest fall of 40.5% to 4.1 million units, followed by Dell Technologies’ DELL 31% to $9.5 million PCs.
Computer - Mini computers Industry 5YR % Return
Computer - Mini computers Industry 5YR % Return
PC volumes of Lenovo LNVGY and ASUS each fell 30.3% to 12.7 million and 3.9 million units, respectively. HP Inc. HPQ shipments contracted 24.2% to 12 million units.
Per IDC, Lenovo continues to hold the top spot in the vendor list, followed by HP and Dell, with a market share of 22.4%, 21.1% and 16.7%, respectively. Apple and ASUS ended the January-March quarter with a market share of 7.2% and 6.8%, respectively.
While shares of LNVGY gained 9.5% over the past year, HPQ, DELL and AAPL stocks have plunged 21.5%, 12% and 3.3%, respectively. Apple and Lenovo each carry a Zacks Rank #2 (Buy), while HP Inc. and Dell both have a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Why Are PC Sales Falling?
IDC opines that the year-over-year decline was mainly due to weakening consumer demand for PCs, high inventory levels and a bleak economic outlook. Softening IT spending amid the ongoing economic and geopolitical uncertainties resulted in a decline in demand for PCs.
In 2020 and 2021, PC manufacturers benefited from increased demand amid the pandemic-induced remote-working and online-learning wave. The pandemic necessitated using PC systems for remote work, web-based learning, video conferencing, video gaming, social media, consumer entertainment and streaming or online shopping.
However, the back-to-back five quarters of declining PC shipments depict an end to the industry’s demand boom. We believe that consumers have become more cautious about their spending due to inflationary pressure, rising interest rates and fears of a possible recession. Furthermore, Enterprises are delaying their large IT spending amid the macroeconomic challenges.
Pain to Persist in the Near Term
IDC cites no relief for PC makers in the near term due to persistent high channel inventory issue and ongoing macroeconomic headwinds. Jitesh Ubrani, research manager at IDC's Mobility and Consumer Device Trackers stated that, "Though channel inventory has depleted in the last few months, it's still well above the healthy four to six week range." He further added, "Even with heavy discounting, channels and PC makers can expect elevated inventory to persist into the middle of the year and potentially into the third quarter."
Additionally, inventory is likely to remain elevated in the near term as PC makers are altering and placing orders for Chromebooks in anticipation of a probable increase in licensing costs later this year. Nonetheless, the research firm forecasts that an expected improvement in the global economy and the possibility of consumers and organizations opting to upgrade to Windows 11 might lead to growth in PC volumes by the end of 2023.
Linn Huang, research vice president, Devices and Displays at IDC said that "By 2024, an aging installed base will start coming up for refresh." He further added, "If the economy is trending upwards by then, we expect significant market upside as consumers look to refresh, schools seek to replace worn down Chromebooks, and businesses move to Windows 11. If recession in key markets drags on into next year, recovery could be a slog."
Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the $30 Trillion Metaverse Boom
It's undeniable. The metaverse is gaining steam every day. Just follow the money. Google. Microsoft. Adobe. Nike. Facebook even rebranded itself as Meta because Mark Zuckerberg believes the metaverse is the next iteration of the internet. The inevitable result? Many investors will get rich as the metaverse evolves. What do they know that you don't? They’re aware of the companies best poised to grow as the metaverse does. And in a new FREE report, Zacks is revealing those stocks to you. This week, you can download, The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks. It reveals specific stocks set to skyrocket as this emerging technology develops and expands. Don't miss your chance to access it for free with no obligation.
>>Show me how I could profit from the metaverse!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apple Inc. (AAPL) : Free Stock Analysis Report
HP Inc. (HPQ) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Per the data compiled by the market research firm, Apple AAPL registered the highest fall of 40.5% to 4.1 million units, followed by Dell Technologies’ DELL 31% to $9.5 million PCs. Per IDC, Lenovo continues to hold the top spot in the vendor list, followed by HP and Dell, with a market share of 22.4%, 21.1% and 16.7%, respectively. While shares of LNVGY gained 9.5% over the past year, HPQ, DELL and AAPL stocks have plunged 21.5%, 12% and 3.3%, respectively.
|
Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report To read this article on Zacks.com click here. Per the data compiled by the market research firm, Apple AAPL registered the highest fall of 40.5% to 4.1 million units, followed by Dell Technologies’ DELL 31% to $9.5 million PCs. Per IDC, Lenovo continues to hold the top spot in the vendor list, followed by HP and Dell, with a market share of 22.4%, 21.1% and 16.7%, respectively.
|
Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report To read this article on Zacks.com click here. Per the data compiled by the market research firm, Apple AAPL registered the highest fall of 40.5% to 4.1 million units, followed by Dell Technologies’ DELL 31% to $9.5 million PCs. Per IDC, Lenovo continues to hold the top spot in the vendor list, followed by HP and Dell, with a market share of 22.4%, 21.1% and 16.7%, respectively.
|
Per the data compiled by the market research firm, Apple AAPL registered the highest fall of 40.5% to 4.1 million units, followed by Dell Technologies’ DELL 31% to $9.5 million PCs. Per IDC, Lenovo continues to hold the top spot in the vendor list, followed by HP and Dell, with a market share of 22.4%, 21.1% and 16.7%, respectively. While shares of LNVGY gained 9.5% over the past year, HPQ, DELL and AAPL stocks have plunged 21.5%, 12% and 3.3%, respectively.
|
45a44991-1e58-4918-ae04-2783104a2af2
|
725526.0
|
2023-04-10 00:00:00 UTC
|
3 Top Tech Stocks to Buy in April
|
DELL
|
https://www.nasdaq.com/articles/3-top-tech-stocks-to-buy-in-april-0
|
nan
|
nan
|
While the tech sector has bounced back somewhat to start 2023, many of the best technology stocks are still far below their highs. Not only that, but many tech companies that overhired or spent too much during the pandemic are also in the process of streamlining their operations, with a focus on efficiency and profitability.
That bodes well for these three innovators as we come out of this interest rate-raising cycle. But while the economic slowdown may persist for a while, these tech stocks could take off well before business picks back up, making these three stocks prime buys for the month of April.
Amazon
Perhaps the poster child for pandemic-era excesses, Amazon (NASDAQ: AMZN) is now pivoting to efficiency in a big way, which should pay dividends for shareholders. With the stock still 46% below all-time highs, investors would be wise to pick up shares of this undisputed leader in both e-commerce and cloud computing this month.
When the pandemic was in full swing, Amazon decided to hire workers and expand its distribution and logistics platform as much as needed. Because a lot of these decisions on construction are made with a multiyear lag, that spending continued into early 2022, even as growth decelerated following the COVID boom in e-commerce sales.
But Amazon now seems deadly serious about pivoting to efficiency. After announcing 10,000 layoffs late last year, the company upped that figure to 18,000 layoffs in January, before adding another 9,000 layoffs on March 20. That's obviously not great for workers, but it's probably needed, as Amazon had added more than 800,000 workers between 2019 and 2021, more doubling its workforce.
There are also some hints that Amazon's efficiency drive, which began about a year ago, is already bearing fruit. One particular metric I look at is Amazon's growth in shipping costs versus the growth in paid units delivered, which Amazon discloses in its filings. During the pandemic, Amazon's units shipped skyrocketed, but shipping costs actually increased by an even greater amount every quarter through the first two quarters of 2022. However, beginning in the third quarter of 2022, shipping cost growth fell beneath paid units growth.
That bodes well for improving profitability in the core e-commerce segment in 2023. In addition, Amazon's percentage of sales from third-party sellers is steadily increasing, making up 59% of sales last quarter, and should also help profits as those sales tend to be higher-profit than sales Amazon makes from its own inventory. And Amazon's advertising services continue to roll along, achieving a very respectable 23% growth rate in constant currency last quarter, even as the larger advertising world is in a downturn.
There are also some concerns about a slowdown in Amazon Web Services (AWS), which is understandable given the current deceleration in that unit. However, AWS is helping a broad cross-section of its customers look to cut costs all at once, as interest rate increases affect a broader proportion of customers than the pandemic did. However, Amazon's long-term customer commitments grew 37.3% last year, well exceeding revenue growth of 20%, as revenue is recorded based on current usage. So with solid growth in long-term contracts, AWS appears to still have a lot of growth ahead.
Moreover, the advent of generative artificial intelligence will only increase demand for computing power, which should benefit not just Amazon's rivals but also AWS, which provides access to supercomputing tools developers and start-ups need to make AI work. It's early stages in the AI wars, and one can be sure that AWS, with its cloud computing market share lead, won't be left on the sidelines.
E-commerce names have been beaten-down, but some look cheap today. Image source: Getty Images.
PayPal
The fintech sector broadly, and PayPal (NASDAQ: PYPL) specifically, had a very bad year in 2022, and the stock still sits more than 76% below its all-time highs of late 2021. Moreover, PayPal's forward P/E ratio has fallen to just over 15 times this year's expected earnings.
PYPL Percent Off All-Time High data by YCharts
Yet the growth and profitability headwinds that PayPal faced last year has recently shown signs of bottoming out. Last quarter, revenue grew 7% and 9% on a constant-currency basis. Adjusted for the loss of the eBay contract that has been rolling off over the past four years, growth was 8% and 10% on a constant currency basis. The last of the eBay roll-off occurred in the third quarter of 2022; therefore, PayPal's headline revenue growth could get a boost starting in the fourth quarter, as it will no longer be comping against that headwind.
The Q4 growth rate is no doubt a deceleration from PayPal's heady growth of 2020 and 2021, but at this current valuation, it's not that bad, especially if PayPal can remain highly profitable.
The good news on that front is that PayPal seems to be turning its declining margins around. After margins declined significantly from late 2021 through the second quarter of 2022, PayPal has shown two consecutive quarters of sequential improvements in non-GAAP operating margins, increasing from 19.1% in the second quarter 2022 to 22.9% in the fourth quarter. Yes, that's still below peak operating margins of 25.1% back in 2020, but it's still headed in the right direction. Earnings per share also accelerated to 11% growth in Q4, reversing three straight quarters of EPS declines.
Unlike some other high-growth tech peers, PayPal also generates significant free cash flow, and it has a solid balance sheet, with $15.9 billion in cash against just $10.8 billion in debt. Despite 2022 being an off year in which growth decelerated and earnings came down, PayPal still generated $5.1 billion in free cash flow, returning $4.2 billion of that to shareholders in the form of share repurchases.
That's a positive use of cash when the stock is this cheap, and it's likely to benefit shareholders when PayPal emerges from the downturn. PayPal has a relatively diverse business across branded checkout, merchant payment processing, the Venmo P2P platform, working capital loans, and buy-now-pay-later services. That diversity should generate consistent cash flow through a cycle, allowing PayPal to both repurchase stock and invest in new growth drivers, either organically or through acquisitions.
Image source: Getty Images.
Dell Technologies
PC and server leader Dell Technologies (NYSE: DELL) is currently feeling the fallout of the worst PC downturn in modern history -- a bitter hangover from the booming PC sales during the pandemic. But the good news is, Dell is handling this downturn rather well. Its client solutions group plunged 23% last quarter, but the unit, which sells PCs to both consumers and businesses, was still profitable, with segment operating income of $671 million.
While Dell might be clouded with the reputation of the difficult PC business, Dell now currently makes the majority of operating profits from its server segment. While that unit is also slowing, it did post 7% growth last quarter, but an even more encouraging 40% growth in operating income, as Dell is able to grow revenue without a meaningful increase in costs.
Dell actually has the leading market share in the server industry today. And while businesses may slow down their data center purchases in the near term, the emerging artificial intelligence wars should propel demand for high-performance servers over the long run and be a longer-term tailwind.
In addition, there could be a brewing turnaround in PCs. A recent note from Trendforce research projects an 11% quarter-over-quarter improvement in notebook shipments. While that is off an extremely low base in the first quarter and would still leave shipments far below last year's levels, it could at least indicate that the PC market may be bottoming out here.
Anticipating a downturn, investors have sold off Dell to just 5.3 times its 2022 adjusted earnings per share. That's absurdly cheap. But even if Dell does see some additional profit declines in the near term, the company should remain profitable overall and continue paying out its growing 3.6% dividend regardless. Once the economy and rate environment normalizes, this bargain-priced stock should take off again.
10 stocks we like better than Amazon.com
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Amazon.com wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of March 8, 2023
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Billy Duberstein has positions in Amazon.com and Dell Technologies and has the following options: short April 2023 $40 puts on Dell Technologies and short April 2023 $42.50 calls on Dell Technologies. His clients may own shares of the companies mentioned. The Motley Fool has positions in and recommends Amazon.com and PayPal. The Motley Fool recommends eBay and recommends the following options: short April 2023 $52.50 calls on eBay and short June 2023 $67.50 puts on PayPal. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Dell Technologies PC and server leader Dell Technologies (NYSE: DELL) is currently feeling the fallout of the worst PC downturn in modern history -- a bitter hangover from the booming PC sales during the pandemic. But the good news is, Dell is handling this downturn rather well. While Dell might be clouded with the reputation of the difficult PC business, Dell now currently makes the majority of operating profits from its server segment.
|
Billy Duberstein has positions in Amazon.com and Dell Technologies and has the following options: short April 2023 $40 puts on Dell Technologies and short April 2023 $42.50 calls on Dell Technologies. Dell Technologies PC and server leader Dell Technologies (NYSE: DELL) is currently feeling the fallout of the worst PC downturn in modern history -- a bitter hangover from the booming PC sales during the pandemic. But the good news is, Dell is handling this downturn rather well.
|
Dell Technologies PC and server leader Dell Technologies (NYSE: DELL) is currently feeling the fallout of the worst PC downturn in modern history -- a bitter hangover from the booming PC sales during the pandemic. But the good news is, Dell is handling this downturn rather well. While Dell might be clouded with the reputation of the difficult PC business, Dell now currently makes the majority of operating profits from its server segment.
|
But even if Dell does see some additional profit declines in the near term, the company should remain profitable overall and continue paying out its growing 3.6% dividend regardless. Dell Technologies PC and server leader Dell Technologies (NYSE: DELL) is currently feeling the fallout of the worst PC downturn in modern history -- a bitter hangover from the booming PC sales during the pandemic. But the good news is, Dell is handling this downturn rather well.
|
f063584e-39e5-40e7-a4ed-7afcf9bf6981
|
725527.0
|
2023-04-10 00:00:00 UTC
|
Global PC shipments slide in Q1, Apple takes biggest hit - IDC
|
DELL
|
https://www.nasdaq.com/articles/global-pc-shipments-slide-in-q1-apple-takes-biggest-hit-idc-0
|
nan
|
nan
|
Adds graphic
April 10 (Reuters) - Global shipments of personal computers (PCs) fell by 29% in the first quarter of 2023 due to weak demand, excess inventory and a deteriorating macroeconomic climate, with Apple Inc APPL.O taking the largest hit, market research firm IDC said.
In the report published Sunday, the International Data Corporation (IDC) said global PC shipments numbered 56.9 million in the first quarter of this year, down from 80.2 million in the same period last year.
The shipments extended a similar year-on-year decline of 28.1% in the last quarter of 2022.
Of the top five PC companies analysed in the report, Apple's Q1 shipments saw the largest drop of 40.5% from the same period in 2022, with Dell Technologies Inc DELL.N coming in second with a drop of 31%.
Lenovo Group Ltd 0992.HK, Asustek Computer Inc 2357.TW and HP Inc HPQ.N also faced declines in shipments, the IDC said.
In February, Apple reported that sales of its Mac computers, which had boomed during the wave of working from home during the pandemic, declined 29% YoY to $7.7 billion in their most recent quarter.
"The preliminary results also represented a coda to the era of COVID-driven demand and at least a temporary return to pre-COVID patterns. Shipment volume in Q1 2023 was noticeably lower than the 59.2 million units shipped in Q1 2019 and 60.6 million in Q1 2018," IDC said.
"The pause in growth and demand is also giving the supply chain some room to make changes as many factories begin to explore production options outside China."
Concerns over slowdowns in major economies remain, with recent tumult in the banking sector exacerbating worries that runaway inflation and tight monetary policy would hamper growth and financial investments.
If the economy is trending upwards by 2024, "we expect significant market upside as consumers look to refresh, schools seek to replace worn-down Chromebooks, and businesses move to Windows 11," said Linn Huang, research vice president, Devices and Displays at IDC.
"If recession in key markets drags on into next year, recovery could be a slog."
PC shipments fallhttps://tmsnrt.rs/43ht4YL
(Reporting by Bharat Govind Gautam in Bengaluru; Editing by Varun H K)
((BharatGovind.Gautam@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Of the top five PC companies analysed in the report, Apple's Q1 shipments saw the largest drop of 40.5% from the same period in 2022, with Dell Technologies Inc DELL.N coming in second with a drop of 31%. Adds graphic April 10 (Reuters) - Global shipments of personal computers (PCs) fell by 29% in the first quarter of 2023 due to weak demand, excess inventory and a deteriorating macroeconomic climate, with Apple Inc APPL.O taking the largest hit, market research firm IDC said. Concerns over slowdowns in major economies remain, with recent tumult in the banking sector exacerbating worries that runaway inflation and tight monetary policy would hamper growth and financial investments.
|
Of the top five PC companies analysed in the report, Apple's Q1 shipments saw the largest drop of 40.5% from the same period in 2022, with Dell Technologies Inc DELL.N coming in second with a drop of 31%. Adds graphic April 10 (Reuters) - Global shipments of personal computers (PCs) fell by 29% in the first quarter of 2023 due to weak demand, excess inventory and a deteriorating macroeconomic climate, with Apple Inc APPL.O taking the largest hit, market research firm IDC said. In the report published Sunday, the International Data Corporation (IDC) said global PC shipments numbered 56.9 million in the first quarter of this year, down from 80.2 million in the same period last year.
|
Of the top five PC companies analysed in the report, Apple's Q1 shipments saw the largest drop of 40.5% from the same period in 2022, with Dell Technologies Inc DELL.N coming in second with a drop of 31%. Adds graphic April 10 (Reuters) - Global shipments of personal computers (PCs) fell by 29% in the first quarter of 2023 due to weak demand, excess inventory and a deteriorating macroeconomic climate, with Apple Inc APPL.O taking the largest hit, market research firm IDC said. In the report published Sunday, the International Data Corporation (IDC) said global PC shipments numbered 56.9 million in the first quarter of this year, down from 80.2 million in the same period last year.
|
Of the top five PC companies analysed in the report, Apple's Q1 shipments saw the largest drop of 40.5% from the same period in 2022, with Dell Technologies Inc DELL.N coming in second with a drop of 31%. Adds graphic April 10 (Reuters) - Global shipments of personal computers (PCs) fell by 29% in the first quarter of 2023 due to weak demand, excess inventory and a deteriorating macroeconomic climate, with Apple Inc APPL.O taking the largest hit, market research firm IDC said. In the report published Sunday, the International Data Corporation (IDC) said global PC shipments numbered 56.9 million in the first quarter of this year, down from 80.2 million in the same period last year.
|
6e4e1134-a71e-4eb9-b1dc-75e8c7a89d73
|
725528.0
|
2023-04-10 00:00:00 UTC
|
Global PC shipments slide in Q1, Apple takes biggest hit - IDC
|
DELL
|
https://www.nasdaq.com/articles/global-pc-shipments-slide-in-q1-apple-takes-biggest-hit-idc
|
nan
|
nan
|
April 10 (Reuters) - Global shipments of personal computers (PCs) fell by 29% in the first quarter of 2023 due to weak demand, excess inventory and a deteriorating macroeconomic climate, with Apple Inc APPL.O taking the largest hit, market research firm IDC said.
In the report published Sunday, the International Data Corporation (IDC) said global PC shipments numbered 56.9 million in the first quarter of this year, down from 80.2 million in the same period last year.
The shipments extended a similar year-on-year decline of 28.1% in the last quarter of 2022.
Of the top five PC companies analysed in the report, Apple's Q1 shipments saw the largest drop of 40.5% from the same period in 2022, with Dell Technologies Inc DELL.N coming in second with a drop of 31%.
Lenovo Group Ltd 0992.HK, Asustek Computer Inc 2357.TW and HP Inc HPQ.N also faced declines in shipments, the IDC said.
In February, Apple reported that sales of its Mac computers, which had boomed during the wave of working from home during the pandemic, declined 29% YoY to $7.7 billion in their most recent quarter.
"The preliminary results also represented a coda to the era of COVID-driven demand and at least a temporary return to pre-COVID patterns. Shipment volume in Q1 2023 was noticeably lower than the 59.2 million units shipped in Q1 2019 and 60.6 million in Q1 2018," IDC said.
"The pause in growth and demand is also giving the supply chain some room to make changes as many factories begin to explore production options outside China."
Concerns over slowdowns in major economies remain, with recent tumult in the banking sector exacerbating worries that runaway inflation and tight monetary policy would hamper growth and financial investments.
If the economy is trending upwards by 2024, "we expect significant market upside as consumers look to refresh, schools seek to replace worn-down Chromebooks, and businesses move to Windows 11," said Linn Huang, research vice president, Devices and Displays at IDC.
"If recession in key markets drags on into next year, recovery could be a slog."
(Reporting by Bharat Govind Gautam in Bengaluru; Editing by Varun H K)
((BharatGovind.Gautam@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Of the top five PC companies analysed in the report, Apple's Q1 shipments saw the largest drop of 40.5% from the same period in 2022, with Dell Technologies Inc DELL.N coming in second with a drop of 31%. April 10 (Reuters) - Global shipments of personal computers (PCs) fell by 29% in the first quarter of 2023 due to weak demand, excess inventory and a deteriorating macroeconomic climate, with Apple Inc APPL.O taking the largest hit, market research firm IDC said. Concerns over slowdowns in major economies remain, with recent tumult in the banking sector exacerbating worries that runaway inflation and tight monetary policy would hamper growth and financial investments.
|
Of the top five PC companies analysed in the report, Apple's Q1 shipments saw the largest drop of 40.5% from the same period in 2022, with Dell Technologies Inc DELL.N coming in second with a drop of 31%. April 10 (Reuters) - Global shipments of personal computers (PCs) fell by 29% in the first quarter of 2023 due to weak demand, excess inventory and a deteriorating macroeconomic climate, with Apple Inc APPL.O taking the largest hit, market research firm IDC said. In the report published Sunday, the International Data Corporation (IDC) said global PC shipments numbered 56.9 million in the first quarter of this year, down from 80.2 million in the same period last year.
|
Of the top five PC companies analysed in the report, Apple's Q1 shipments saw the largest drop of 40.5% from the same period in 2022, with Dell Technologies Inc DELL.N coming in second with a drop of 31%. April 10 (Reuters) - Global shipments of personal computers (PCs) fell by 29% in the first quarter of 2023 due to weak demand, excess inventory and a deteriorating macroeconomic climate, with Apple Inc APPL.O taking the largest hit, market research firm IDC said. In the report published Sunday, the International Data Corporation (IDC) said global PC shipments numbered 56.9 million in the first quarter of this year, down from 80.2 million in the same period last year.
|
Of the top five PC companies analysed in the report, Apple's Q1 shipments saw the largest drop of 40.5% from the same period in 2022, with Dell Technologies Inc DELL.N coming in second with a drop of 31%. April 10 (Reuters) - Global shipments of personal computers (PCs) fell by 29% in the first quarter of 2023 due to weak demand, excess inventory and a deteriorating macroeconomic climate, with Apple Inc APPL.O taking the largest hit, market research firm IDC said. In the report published Sunday, the International Data Corporation (IDC) said global PC shipments numbered 56.9 million in the first quarter of this year, down from 80.2 million in the same period last year.
|
dc458e13-33fa-41a9-9ed2-d70e81abf145
|
725529.0
|
2023-04-09 00:00:00 UTC
|
My 3 Favorite Stocks Right Now
|
DELL
|
https://www.nasdaq.com/articles/my-3-favorite-stocks-right-now-10
|
nan
|
nan
|
I own dozens of stocks in my personal portfolio, and I cover even more on a monthly basis through my writing here at The Motley Fool. Therefore, picking only three companies that aren't just good ideas but rather my favorites right now is challenging.
It took a lot of thought. But eventually, cloud-computing company DigitalOcean (NYSE: DOCN), equipment rental business United Rentals (NYSE: URI), and cybersecurity specialist CrowdStrike Holdings (NASDAQ: CRWD) stood out as my three favorite stocks right now. Here's why.
Image source: Getty Images.
1. DigitalOcean
DigitalOcean is a cloud infrastructure company targeting small and medium-sized businesses (SMBs). At the JMP Securities Technology Conference in March, CEO Yancey Spruill offered this insight about this target demographic: "The good news about SMBs: They spend a lot in aggregate. The bad news: They don't spend a lot individually, so you better be efficient at attracting them."
Unlike many other software companies that target smaller enterprise customers, DigitalOcean is surprisingly efficient. One way to measure this efficiency is to examine the company's sales and marketing expenses. In 2022, it spent just 14% of its revenue on sales and marketing. Compare that to enterprise software company Asana, which spent 79% of revenue on sales and marketing expenses in its fiscal 2023, and customer relationship management platform HubSpot, which spent 51% in 2022.
Being efficient enables DigitalOcean to generate impressive free cash flow (FCF) as it grows. The company's FCF margin jumped from 6% in 2021 to 13% in 2022. And for 2023, management expects the margin to surpass 20% as it marches toward its long-term goal of a greater-than-30% FCF margin.
DigitalOcean's management expects its revenue to grow from $576 million in 2022 to $1 billion in 2025 -- a 74% increase -- while expanding these FCF margins to impressive levels. Even still, many investors disregard DigitalOcean because its FCF margin is assisted by stock-based compensation. It had $106 million in stock-based compensation in 2022.
This concern needs to be balanced with an equally important point: DigitalOcean isn't diluting shareholders with stock-based compensation. By using $600 million to repurchase shares in 2022, management actually reduced the share count by 5% in the past year. And it's authorized to use $500 million more on share repurchases. Therefore, I wouldn't fret over stock-based compensation in this case.
DigitalOcean's impressive growth and incredible margin expansion are why it makes my list of favorite stocks right now.
2. United Rentals
As of this writing, United Rentals stock is down 25% from its recent all-time high and trades at just 12 times its trailing earnings. That's a strong pullback. And history suggests it's a good valuation to buy United Rentals stock for the long term.
Like DigitalOcean, United Rentals' FCF margin is strong at 15% in 2022. To be clear, it costs a lot of money to build a cash-generative operation of this size -- the company claims a 17% market share in North America as the industry's largest player. And this requires an equipment fleet valued at $19.6 billion. In short, it's hard for another player to build what United Rentals has. Scale like this takes time.
United Rentals' management is opportunistic with its fleet management. When rental demand is high, it tends to keep equipment in use, servicing as needed. This core rental business is great, with a 42% gross margin in 2022. However, when demand is lower or equipment reaches the end of its usefulness as a rental, management also sells these items for a handsome profit. Used equipment sales had a 59% gross margin in 2022. It's a win either way.
In 2023, United Rentals is paying a dividend for the first time. However, the company is also authorized to repurchase $1.25 billion in stock. And share repurchases are a big reason it's been a long-term winner. As the chart below shows, its share count is down 17% over the past five years, causing FCF per share to nearly triple over this time span.
URI Average Diluted Shares Outstanding (Quarterly) data by YCharts.
United Rentals isn't a complicated story. Its services are important for infrastructure and are routinely in demand. These services generate substantial profits, and management returns profits to shareholders. I don't see any reason that won't continue in 2023 and beyond. And those who invest today are getting a good price.
3. CrowdStrike
It's been over a year since the S&P 500 hit its all-time high, and it's pulled back substantially since then. Pullbacks like this can be a good time to go bargain shopping. But whereas I noted United Rentals' valuation on an earnings basis, here I'll note CrowdStrike's valuation on a sales basis.
CrowdStrike trades at 13 times sales, insanely expensive compared to United Rentals, which trades at a paltry 2 times sales. But here's why I believe CrowdStrike stock is a good value right now, nonetheless.
In the last 12 months, CrowdStrike has generated $2.2 billion in revenue. For comparison, the endpoint cybersecurity market size is expected to reach about $25 billion in five years, according to third-party research from Fortune Business Insights. If CrowdStrike is the top dog in endpoint security by 2028, it has enough upside to justify its lofty valuation.
There's reason to believe CrowdStrike has what it takes to be that top dog. Consider that International Data Corporation said that CrowdStrike's market share in the endpoint cybersecurity market jumped from 13.8% in July 2021 to 17.7% in June 2022. It was CrowdStrike's third consecutive year of outpacing all competitors with market-share gains.
From here, CrowdStrike hopes to gain market share by targeting SMBs, which could be a bigger endpoint cybersecurity opportunity. But as noted with DigitalOcean, this demographic requires an efficient customer-acquisition strategy. And that's what management believes it has in its partnership with Dell Technologies.
Dell has one of the world's largest enterprise customer bases. And through this partnership, Dell's sales representatives will now be offering CrowdStrike's services, which should keep marketing expenses in check for CrowdStrike.
During bull markets, growth companies of CrowdStrike's quality rarely go on sale. But CrowdStrike stock is now down more than 50% from its all-time high. And given how much the company is executing and how much opportunity lies ahead, this is currently another of my favorite stocks.
In conclusion, DigitalOcean, United Rentals, and CrowdStrike are my three favorite stocks right now and where I'd put new money to work in thestock market today
10 stocks we like better than DigitalOcean
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and DigitalOcean wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of March 8, 2023
Jon Quast has positions in CrowdStrike, DigitalOcean, and United Rentals. The Motley Fool has positions in and recommends Asana, CrowdStrike, DigitalOcean, and HubSpot. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
And that's what management believes it has in its partnership with Dell Technologies. Dell has one of the world's largest enterprise customer bases. And through this partnership, Dell's sales representatives will now be offering CrowdStrike's services, which should keep marketing expenses in check for CrowdStrike.
|
And that's what management believes it has in its partnership with Dell Technologies. Dell has one of the world's largest enterprise customer bases. And through this partnership, Dell's sales representatives will now be offering CrowdStrike's services, which should keep marketing expenses in check for CrowdStrike.
|
And that's what management believes it has in its partnership with Dell Technologies. Dell has one of the world's largest enterprise customer bases. And through this partnership, Dell's sales representatives will now be offering CrowdStrike's services, which should keep marketing expenses in check for CrowdStrike.
|
And that's what management believes it has in its partnership with Dell Technologies. Dell has one of the world's largest enterprise customer bases. And through this partnership, Dell's sales representatives will now be offering CrowdStrike's services, which should keep marketing expenses in check for CrowdStrike.
|
248bcfbb-9c67-413e-9d38-b7e9a064ee65
|
725530.0
|
2023-04-04 00:00:00 UTC
|
Unusual Call Option Trade in Dell (DELL) Worth $110.47K
|
DELL
|
https://www.nasdaq.com/articles/unusual-call-option-trade-in-dell-dell-worth-%24110.47k
|
nan
|
nan
|
On April 4, 2023 at 15:37:39 ET an unusually large $110.47K block of Call contracts in Dell (DELL) was bought, with a strike price of $40.00 / share, expiring in 2 days (on April 6, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.82 sigmas above the mean, placing it in the 100.00 percentile of all recent large trades made in DELL options.
This trade was first picked up on Fintel's real time Unusual Option Trades tool, where unusual option trades are highlighted.
Analyst Price Forecast Suggests 16.41% Upside
As of March 30, 2023, the average one-year price target for Dell is $47.69. The forecasts range from a low of $37.37 to a high of $57.75. The average price target represents an increase of 16.41% from its latest reported closing price of $40.97.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Dell is $93,264MM, a decrease of 8.83%. The projected annual non-GAAP EPS is $6.46.
What is the Fund Sentiment?
There are 1174 funds or institutions reporting positions in Dell. This is an increase of 50 owner(s) or 4.45% in the last quarter. Average portfolio weight of all funds dedicated to DELL is 0.17%, an increase of 3.82%. Total shares owned by institutions decreased in the last three months by 0.15% to 220,484K shares. The put/call ratio of DELL is 0.73, indicating a bullish outlook.
What are Large Shareholders Doing?
Dodge & Cox holds 19,218K shares representing 2.63% ownership of the company. In it's prior filing, the firm reported owning 19,763K shares, representing a decrease of 2.84%. The firm increased its portfolio allocation in DELL by 3.59% over the last quarter.
DODGX - Dodge & Cox Stock Fund holds 12,982K shares representing 1.78% ownership of the company. No change in the last quarter.
Temasek Holdings holds 8,848K shares representing 1.21% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,494K shares representing 1.02% ownership of the company. In it's prior filing, the firm reported owning 7,587K shares, representing a decrease of 1.25%. The firm increased its portfolio allocation in DELL by 7.36% over the last quarter.
Lsv Asset Management holds 6,054K shares representing 0.83% ownership of the company. In it's prior filing, the firm reported owning 6,028K shares, representing an increase of 0.42%. The firm increased its portfolio allocation in DELL by 10.96% over the last quarter.
Dell Declares $0.37 Dividend
On March 2, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Shareholders of record as of April 25, 2023 will receive the payment on May 5, 2023. Previously, the company paid $0.33 per share.
At the current share price of $40.97 / share, the stock's dividend yield is 3.61%. Looking back five years and taking a sample every week, the average dividend yield has been 3.88%, the lowest has been 1.34%, and the highest has been 8.14%. The standard deviation of yields is 1.26 (n=201).
The current dividend yield is 0.21 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.44. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
Dell Technologies Background Information
(This description is provided by the company.)
Dell Technologies helps organizations and individuals build their digital future and transform how they work, live and play. The company provides customers with the industry's broadest and most innovative technology and services portfolio for the data era.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Dell Technologies helps organizations and individuals build their digital future and transform how they work, live and play. On April 4, 2023 at 15:37:39 ET an unusually large $110.47K block of Call contracts in Dell (DELL) was bought, with a strike price of $40.00 / share, expiring in 2 days (on April 6, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.82 sigmas above the mean, placing it in the 100.00 percentile of all recent large trades made in DELL options.
|
On April 4, 2023 at 15:37:39 ET an unusually large $110.47K block of Call contracts in Dell (DELL) was bought, with a strike price of $40.00 / share, expiring in 2 days (on April 6, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.82 sigmas above the mean, placing it in the 100.00 percentile of all recent large trades made in DELL options. Analyst Price Forecast Suggests 16.41% Upside As of March 30, 2023, the average one-year price target for Dell is $47.69.
|
On April 4, 2023 at 15:37:39 ET an unusually large $110.47K block of Call contracts in Dell (DELL) was bought, with a strike price of $40.00 / share, expiring in 2 days (on April 6, 2023). Dell Declares $0.37 Dividend On March 2, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Fintel tracks all large options trades, and the premium spent on this trade was 1.82 sigmas above the mean, placing it in the 100.00 percentile of all recent large trades made in DELL options.
|
Dell Declares $0.37 Dividend On March 2, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). On April 4, 2023 at 15:37:39 ET an unusually large $110.47K block of Call contracts in Dell (DELL) was bought, with a strike price of $40.00 / share, expiring in 2 days (on April 6, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.82 sigmas above the mean, placing it in the 100.00 percentile of all recent large trades made in DELL options.
|
59b7d646-a1c9-4dc0-b37c-a3e60d6f907d
|
725531.0
|
2023-04-04 00:00:00 UTC
|
Buyout firm TPG to acquire majority stake in Elite from Thomson Reuters
|
DELL
|
https://www.nasdaq.com/articles/buyout-firm-tpg-to-acquire-majority-stake-in-elite-from-thomson-reuters
|
nan
|
nan
|
By Milana Vinn
April 4 (Reuters) - Private equity firm TPG Inc TPG.O said on Tuesday it has agreed to buy a majority stake in Elite, a vendor of business management software for law firms, from information provider Thomson Reuters Corp TRI.TO at a valuation of $500 million.
Thomson Reuters will keep a minority stake and board representation in Elite and continue to support it with its legal information products, the companies said. The deal frees up cash for Thomson Reuters to invest in the development and upgrades of its other products.
Paul Fischer, president of Thomson Reuters' legal professionals division, said that Elite will continue to share many of Thomson Reuters' clients as a standalone company.
"We will make sure to partner very closely on the customer side and we will look into ways of how we can work together strategically also," Fischer said.
Elite offers software that helps law firms run their finance and accounting operations, including billing, invoicing and payments.
TPG partner Tim Millikin said that the data and automation that Elite offers are in demand among legal professionals.
"Law firms use a lot of data to support their clients, but they also use data to do a lot of research and run their firms," Millikin said.
The deal with TPG shares the same structure as a larger divestiture that Thomson Reuters completed in 2018, when it sold a majority stake in its financial information business to private equity firm Blackstone Inc BX.N at a $20 billion valuation. Thomson Reuters also retained a minority stake in that business, which was called Refinitiv and was subsequently acquired by the London Stock Exchange Group Plc LSEG.L for $27 billion in cash and stock.
TPG has a history of acquiring businesses from conglomerates. Such deals include the $4 billion purchase of Dell Technologies Inc's DELL.N cloud business Boomi in 2021 and the acquisitions of majority stakes in the McAfee and Wind River software businesses of Intel Corp INTC.O in 2016 and 2018, respectively.
Thomson Reuters is the parent company of Reuters News. Thomson Reuters Chief Executive Steve Hasker served as senior adviser to TPG between 2019 and 2020, and between 2018 and 2019 he was CEO of one of TPG's portfolio companies -- talent agency CAA.
(Reporting by Milana Vinn in New York Editing by Greg Roumeliotis and Lisa Shumaker)
((Milana.Vinn@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Such deals include the $4 billion purchase of Dell Technologies Inc's DELL.N cloud business Boomi in 2021 and the acquisitions of majority stakes in the McAfee and Wind River software businesses of Intel Corp INTC.O in 2016 and 2018, respectively. Thomson Reuters will keep a minority stake and board representation in Elite and continue to support it with its legal information products, the companies said. Elite offers software that helps law firms run their finance and accounting operations, including billing, invoicing and payments.
|
Such deals include the $4 billion purchase of Dell Technologies Inc's DELL.N cloud business Boomi in 2021 and the acquisitions of majority stakes in the McAfee and Wind River software businesses of Intel Corp INTC.O in 2016 and 2018, respectively. By Milana Vinn April 4 (Reuters) - Private equity firm TPG Inc TPG.O said on Tuesday it has agreed to buy a majority stake in Elite, a vendor of business management software for law firms, from information provider Thomson Reuters Corp TRI.TO at a valuation of $500 million. Paul Fischer, president of Thomson Reuters' legal professionals division, said that Elite will continue to share many of Thomson Reuters' clients as a standalone company.
|
Such deals include the $4 billion purchase of Dell Technologies Inc's DELL.N cloud business Boomi in 2021 and the acquisitions of majority stakes in the McAfee and Wind River software businesses of Intel Corp INTC.O in 2016 and 2018, respectively. By Milana Vinn April 4 (Reuters) - Private equity firm TPG Inc TPG.O said on Tuesday it has agreed to buy a majority stake in Elite, a vendor of business management software for law firms, from information provider Thomson Reuters Corp TRI.TO at a valuation of $500 million. Paul Fischer, president of Thomson Reuters' legal professionals division, said that Elite will continue to share many of Thomson Reuters' clients as a standalone company.
|
Such deals include the $4 billion purchase of Dell Technologies Inc's DELL.N cloud business Boomi in 2021 and the acquisitions of majority stakes in the McAfee and Wind River software businesses of Intel Corp INTC.O in 2016 and 2018, respectively. By Milana Vinn April 4 (Reuters) - Private equity firm TPG Inc TPG.O said on Tuesday it has agreed to buy a majority stake in Elite, a vendor of business management software for law firms, from information provider Thomson Reuters Corp TRI.TO at a valuation of $500 million. Thomson Reuters will keep a minority stake and board representation in Elite and continue to support it with its legal information products, the companies said.
|
6870daa0-488b-4e6b-b954-f85c15e13194
|
725532.0
|
2023-03-30 00:00:00 UTC
|
DELL May 12th Options Begin Trading
|
DELL
|
https://www.nasdaq.com/articles/dell-may-12th-options-begin-trading
|
nan
|
nan
|
Investors in Dell Technologies Inc (Symbol: DELL) saw new options become available today, for the May 12th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new May 12th contracts and identified one put and one call contract of particular interest.
The put contract at the $39.00 strike price has a current bid of 55 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $39.00, but will also collect the premium, putting the cost basis of the shares at $38.45 (before broker commissions). To an investor already interested in purchasing shares of DELL, that could represent an attractive alternative to paying $39.76/share today.
Because the $39.00 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 1.41% return on the cash commitment, or 11.97% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Dell Technologies Inc, and highlighting in green where the $39.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $40.00 strike price has a current bid of $1.13. If an investor was to purchase shares of DELL stock at the current price level of $39.76/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $40.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 3.45% if the stock gets called away at the May 12th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DELL shares really soar, which is why looking at the trailing twelve month trading history for Dell Technologies Inc, as well as studying the business fundamentals becomes important. Below is a chart showing DELL's trailing twelve month trading history, with the $40.00 strike highlighted in red:
Considering the fact that the $40.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 2.84% boost of extra return to the investor, or 24.12% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $39.76) to be 40%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of Stocks Conducting Buybacks »
Also see:
EQS market cap history
Institutional Holders of AONE
Institutional Holders of ROCC
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Below is a chart showing DELL's trailing twelve month trading history, with the $40.00 strike highlighted in red: Considering the fact that the $40.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Dell Technologies Inc (Symbol: DELL) saw new options become available today, for the May 12th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new May 12th contracts and identified one put and one call contract of particular interest.
|
Below is a chart showing DELL's trailing twelve month trading history, with the $40.00 strike highlighted in red: Considering the fact that the $40.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Investors in Dell Technologies Inc (Symbol: DELL) saw new options become available today, for the May 12th expiration.
|
Below is a chart showing the trailing twelve month trading history for Dell Technologies Inc, and highlighting in green where the $39.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $40.00 strike price has a current bid of $1.13. Below is a chart showing DELL's trailing twelve month trading history, with the $40.00 strike highlighted in red: Considering the fact that the $40.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Dell Technologies Inc (Symbol: DELL) saw new options become available today, for the May 12th expiration.
|
Below is a chart showing the trailing twelve month trading history for Dell Technologies Inc, and highlighting in green where the $39.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $40.00 strike price has a current bid of $1.13. Below is a chart showing DELL's trailing twelve month trading history, with the $40.00 strike highlighted in red: Considering the fact that the $40.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Dell Technologies Inc (Symbol: DELL) saw new options become available today, for the May 12th expiration.
|
8214300a-5663-4cba-a76f-e9326fa2987a
|
725533.0
|
2023-03-30 00:00:00 UTC
|
Guru Fundamental Report for DELL
|
DELL
|
https://www.nasdaq.com/articles/guru-fundamental-report-for-dell
|
nan
|
nan
|
Below is Validea's guru fundamental report for DELL TECHNOLOGIES INC (DELL). Of the 22 guru strategies we follow, DELL rates highest using our Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
DELL TECHNOLOGIES INC (DELL) is a large-cap value stock in the Computer Hardware industry. The rating using this strategy is 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: PASS
Detailed Analysis of DELL TECHNOLOGIES INC
DELL Guru Analysis
DELL Fundamental Analysis
More Information on Joel Greenblatt
Joel Greenblatt Portfolio
Top Joel Greenblatt Stocks
About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
Additional Research Links
Factor-Based Stock Portfolios
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Below is Validea's guru fundamental report for DELL TECHNOLOGIES INC (DELL). Of the 22 guru strategies we follow, DELL rates highest using our Earnings Yield Investor model based on the published strategy of Joel Greenblatt. DELL TECHNOLOGIES INC (DELL) is a large-cap value stock in the Computer Hardware industry.
|
Below is Validea's guru fundamental report for DELL TECHNOLOGIES INC (DELL). Of the 22 guru strategies we follow, DELL rates highest using our Earnings Yield Investor model based on the published strategy of Joel Greenblatt. Detailed Analysis of DELL TECHNOLOGIES INC DELL Guru Analysis DELL Fundamental Analysis More Information on Joel Greenblatt Joel Greenblatt Portfolio Top Joel Greenblatt Stocks About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables.
|
Of the 22 guru strategies we follow, DELL rates highest using our Earnings Yield Investor model based on the published strategy of Joel Greenblatt. Detailed Analysis of DELL TECHNOLOGIES INC DELL Guru Analysis DELL Fundamental Analysis More Information on Joel Greenblatt Joel Greenblatt Portfolio Top Joel Greenblatt Stocks About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. Below is Validea's guru fundamental report for DELL TECHNOLOGIES INC (DELL).
|
Below is Validea's guru fundamental report for DELL TECHNOLOGIES INC (DELL). Of the 22 guru strategies we follow, DELL rates highest using our Earnings Yield Investor model based on the published strategy of Joel Greenblatt. Detailed Analysis of DELL TECHNOLOGIES INC DELL Guru Analysis DELL Fundamental Analysis More Information on Joel Greenblatt Joel Greenblatt Portfolio Top Joel Greenblatt Stocks About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables.
|
b80e46e5-a7fe-4df9-aad8-8cbd69d93a74
|
725534.0
|
2023-03-23 00:00:00 UTC
|
May 5th Options Now Available For Dell Technologies
|
DELL
|
https://www.nasdaq.com/articles/may-5th-options-now-available-for-dell-technologies
|
nan
|
nan
|
Investors in Dell Technologies Inc (Symbol: DELL) saw new options begin trading today, for the May 5th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new May 5th contracts and identified one put and one call contract of particular interest.
The put contract at the $38.00 strike price has a current bid of $1.41. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $38.00, but will also collect the premium, putting the cost basis of the shares at $36.59 (before broker commissions). To an investor already interested in purchasing shares of DELL, that could represent an attractive alternative to paying $38.51/share today.
Because the $38.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 3.71% return on the cash commitment, or 31.50% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Dell Technologies Inc, and highlighting in green where the $38.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $39.00 strike price has a current bid of $1.18. If an investor was to purchase shares of DELL stock at the current price level of $38.51/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $39.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 4.34% if the stock gets called away at the May 5th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DELL shares really soar, which is why looking at the trailing twelve month trading history for Dell Technologies Inc, as well as studying the business fundamentals becomes important. Below is a chart showing DELL's trailing twelve month trading history, with the $39.00 strike highlighted in red:
Considering the fact that the $39.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 3.06% boost of extra return to the investor, or 26.01% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $38.51) to be 41%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of Stocks Conducting Buybacks »
Also see:
Top Stocks Held By Jeremy Grantham
TRST Price Target
ARGO Stock Predictions
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Below is a chart showing DELL's trailing twelve month trading history, with the $39.00 strike highlighted in red: Considering the fact that the $39.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Dell Technologies Inc (Symbol: DELL) saw new options begin trading today, for the May 5th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new May 5th contracts and identified one put and one call contract of particular interest.
|
Below is a chart showing DELL's trailing twelve month trading history, with the $39.00 strike highlighted in red: Considering the fact that the $39.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Investors in Dell Technologies Inc (Symbol: DELL) saw new options begin trading today, for the May 5th expiration.
|
Below is a chart showing the trailing twelve month trading history for Dell Technologies Inc, and highlighting in green where the $38.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $39.00 strike price has a current bid of $1.18. Below is a chart showing DELL's trailing twelve month trading history, with the $39.00 strike highlighted in red: Considering the fact that the $39.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Dell Technologies Inc (Symbol: DELL) saw new options begin trading today, for the May 5th expiration.
|
At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new May 5th contracts and identified one put and one call contract of particular interest. Below is a chart showing DELL's trailing twelve month trading history, with the $39.00 strike highlighted in red: Considering the fact that the $39.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Dell Technologies Inc (Symbol: DELL) saw new options begin trading today, for the May 5th expiration.
|
62e4e0b5-3262-402b-a843-a62c6b4bc31d
|
725535.0
|
2023-03-22 00:00:00 UTC
|
Dell Stock: Headed to $43?
|
DELL
|
https://www.nasdaq.com/articles/dell-stock%3A-headed-to-%2443
|
nan
|
nan
|
Despite the tech-heavy Nasdaq Composite's nice 12.5% year-to-date gain this year, shares of computer company Dell Technologies (NYSE: DELL) have floundered. The stock is down more than 3% since the start of the year. Even worse, that adds to the stock's 29% decline last year. But now is not the time for investors to run away from this stock, according to one analyst. On the contrary, Goldman Sachs analyst Michael Ng thinks shares are a buy today.
Here's why this analyst may be right.
The path to $43
Though Dell's business is cyclical, Ng thinks the worst of the company's cyclical downtrend may soon be over. Furthermore, the analyst believes that the stock's cheap valuation has priced in tough times, anyway. As of this writing, the stock trades at less than 12 times earnings. Even more, the stock trades at just 8.3 times analysts' average forecast for adjusted earnings per share over the next 12 months.
Given the tech company's likely turnaround in earnings in the near future and its cheap valuation, Ng gave the stock a buy rating and a 12-month price target of $43. This translates to more than 10% upside for the stock based on where shares are trading at the time of this writing.
The analyst says he expects significant free cash flow from stock. As you'll see in the following two sections, strong free cash flow is helping the company return boatloads of it to shareholders through dividends and repurchases.
A robust dividend
The stock is particularly attractive when investors consider its cheap valuation alongside its meaty dividend. The stock currently has a dividend yield of 3.8%. This dividend yield is well above the average dividend yield of 1.7% for stocks in the S&P 500.
Dell stock's impressive dividend payout would, of course, add to any returns that come from price appreciation in the future. Even more, investors could likely count on the payout even if the stock declined. After all, Dell's dividend looks secure since the company is currently paying out less than 40% of its earnings in dividends.
Dell recently announced a substantial increase to its dividend. Earlier this month, the company said it is increasing its quarterly dividend by 12%. The dividend increase, Dell Chief Financial Officer Tom Sweet explained in the company's fourth-quarter earnings release, reflects "our confidence in our long-term business model and ability to generate and grow our cash flow over time."
The company's next dividend is payable on May 5 to shareholders of record as of April 25.
Share repurchases
Of course, dividends aren't the only way the company is returning cash to shareholders. It's also doing it indirectly via share repurchases. Highlighting how significant Dell's capital return program is, it spent $3.8 billion on dividends and share repurchases combined during its recently ended fiscal year. This translates to more than 13% of the company's current market capitalization.
Ng seems to be onto something. The stock does appear to be undervalued. Of course, there's always risk to buying any stock, and investors should do their own due diligence before they buy shares.
10 stocks we like better than Dell Technologies
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Dell Technologies wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of March 8, 2023
Daniel Sparks has no position in any of the stocks mentioned. His clients may own shares of the companies mentioned. The Motley Fool has positions in and recommends Goldman Sachs Group. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The dividend increase, Dell Chief Financial Officer Tom Sweet explained in the company's fourth-quarter earnings release, reflects "our confidence in our long-term business model and ability to generate and grow our cash flow over time." Highlighting how significant Dell's capital return program is, it spent $3.8 billion on dividends and share repurchases combined during its recently ended fiscal year. Despite the tech-heavy Nasdaq Composite's nice 12.5% year-to-date gain this year, shares of computer company Dell Technologies (NYSE: DELL) have floundered.
|
Despite the tech-heavy Nasdaq Composite's nice 12.5% year-to-date gain this year, shares of computer company Dell Technologies (NYSE: DELL) have floundered. The path to $43 Though Dell's business is cyclical, Ng thinks the worst of the company's cyclical downtrend may soon be over. Dell stock's impressive dividend payout would, of course, add to any returns that come from price appreciation in the future.
|
10 stocks we like better than Dell Technologies When our award-winning analyst team has a stock tip, it can pay to listen. Despite the tech-heavy Nasdaq Composite's nice 12.5% year-to-date gain this year, shares of computer company Dell Technologies (NYSE: DELL) have floundered. The path to $43 Though Dell's business is cyclical, Ng thinks the worst of the company's cyclical downtrend may soon be over.
|
After all, Dell's dividend looks secure since the company is currently paying out less than 40% of its earnings in dividends. Despite the tech-heavy Nasdaq Composite's nice 12.5% year-to-date gain this year, shares of computer company Dell Technologies (NYSE: DELL) have floundered. The path to $43 Though Dell's business is cyclical, Ng thinks the worst of the company's cyclical downtrend may soon be over.
|
13d69be0-d262-43ac-a46b-ec581a3d8876
|
725536.0
|
2023-03-20 00:00:00 UTC
|
Goldman Sachs Initiates Coverage of Dell (DELL) with Buy Recommendation
|
DELL
|
https://www.nasdaq.com/articles/goldman-sachs-initiates-coverage-of-dell-dell-with-buy-recommendation
|
nan
|
nan
|
On March 20, 2023, Goldman Sachs initiated coverage of Dell with a Buy recommendation.
Analyst Price Forecast Suggests 30.36% Upside
As of March 20, 2023, the average one-year price target for Dell is $48.52. The forecasts range from a low of $37.37 to a high of $57.75. The average price target represents an increase of 30.36% from its latest reported closing price of $37.22.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Dell is $102,899MM, an increase of 0.58%. The projected annual non-GAAP EPS is $7.65.
Dell Declares $0.37 Dividend
On March 2, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Shareholders of record as of April 25, 2023 will receive the payment on May 5, 2023. Previously, the company paid $0.33 per share.
At the current share price of $37.22 / share, the stock's dividend yield is 3.98%. Looking back five years and taking a sample every week, the average dividend yield has been 3.88%, the lowest has been 1.34%, and the highest has been 8.14%. The standard deviation of yields is 1.27 (n=198).
The current dividend yield is 0.08 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.43. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
What are Large Shareholders Doing?
Dodge & Cox holds 19,218K shares representing 2.68% ownership of the company. In it's prior filing, the firm reported owning 19,763K shares, representing a decrease of 2.84%. The firm increased its portfolio allocation in DELL by 3.59% over the last quarter.
DODGX - Dodge & Cox Stock Fund holds 12,982K shares representing 1.81% ownership of the company. No change in the last quarter.
Temasek Holdings holds 8,848K shares representing 1.24% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,494K shares representing 1.05% ownership of the company. In it's prior filing, the firm reported owning 7,587K shares, representing a decrease of 1.25%. The firm increased its portfolio allocation in DELL by 7.36% over the last quarter.
Lsv Asset Management holds 6,054K shares representing 0.85% ownership of the company. In it's prior filing, the firm reported owning 6,028K shares, representing an increase of 0.42%. The firm increased its portfolio allocation in DELL by 10.96% over the last quarter.
What is the Fund Sentiment?
There are 1188 funds or institutions reporting positions in Dell. This is an increase of 76 owner(s) or 6.83% in the last quarter. Average portfolio weight of all funds dedicated to DELL is 0.17%, an increase of 2.00%. Total shares owned by institutions decreased in the last three months by 0.21% to 219,592K shares. The put/call ratio of DELL is 0.82, indicating a bullish outlook.
Dell Technologies Background Information
(This description is provided by the company.)
Dell Technologies helps organizations and individuals build their digital future and transform how they work, live and play. The company provides customers with the industry's broadest and most innovative technology and services portfolio for the data era.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Dell Technologies helps organizations and individuals build their digital future and transform how they work, live and play. On March 20, 2023, Goldman Sachs initiated coverage of Dell with a Buy recommendation. Analyst Price Forecast Suggests 30.36% Upside As of March 20, 2023, the average one-year price target for Dell is $48.52.
|
On March 20, 2023, Goldman Sachs initiated coverage of Dell with a Buy recommendation. Analyst Price Forecast Suggests 30.36% Upside As of March 20, 2023, the average one-year price target for Dell is $48.52. The projected annual revenue for Dell is $102,899MM, an increase of 0.58%.
|
Dell Declares $0.37 Dividend On March 2, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). On March 20, 2023, Goldman Sachs initiated coverage of Dell with a Buy recommendation. Analyst Price Forecast Suggests 30.36% Upside As of March 20, 2023, the average one-year price target for Dell is $48.52.
|
Dell Declares $0.37 Dividend On March 2, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). On March 20, 2023, Goldman Sachs initiated coverage of Dell with a Buy recommendation. Analyst Price Forecast Suggests 30.36% Upside As of March 20, 2023, the average one-year price target for Dell is $48.52.
|
fb7a16fe-7c69-411f-93e4-14ee4030d92e
|
725537.0
|
2023-03-20 00:00:00 UTC
|
5 Tech Stocks With Bank-Like Dividend Yields
|
DELL
|
https://www.nasdaq.com/articles/5-tech-stocks-with-bank-like-dividend-yields
|
nan
|
nan
|
A major ripple effect of the SVB Financial collapse is lower bond yields.
With the Federal Reserve vowing higher interest rates for longer, the 10-year Treasury Note yield entered March like a lion roaring above 4% for the first time since November 2022. After finishing last week at 3.4%, it appears to be heading out like a lamb.
The cash payout pool was significantly drained for income investors that favor corporate bonds and dividend-paying stocks. One of the most reliable income generators — bank stocks — have become vulnerable if not untouchable. Yes, their yields are much higher, but so are their inherent risks.
This has financial sector investors in search of high-yielding equity alternatives. Consumer staples, utilities and energy names are viable options but often come with limited price appreciation.
Enter technology.
Huh?
Not known for big dividend payments, tech companies that have suffered SVB-like declines over the past year now offer some of the market’s highest yields.
Granted, these tend to be ‘old school’ tech names that rely on legacy technologies and operate in mature industries. But what they lack in exposure to high-growth markets, they can make up for with stability — and generous dividends.
The average yield among financial stocks is around 3.2%. These five tech companies are yielding much more.
1) IBM
International Business Machines Co. (NYSE: IBM) is no longer the hot investment it was in the late 1990’s. One thing that hasn’t wavered, however, is the company’s commitment to raising dividends. When IBM bumped its quarterly dividend to $1.65 last spring, it marked the 27th straight year of dividend increases.
And while the pace of the increases has slowed in recent years, the prioritization of this dividend policy is an attractive attribute. The forward dividend yield of 5.3% isn’t too shabby either.
2) Hewlett Packard
Staying in the personal computing space, HP Inc. (NYSE: HPQ) has grown its annual dividend above $1.00 following 13 consecutive years of dividend hikes. Its 3.7% forward yield isn’t as juicy as that of IBM, but a low 29% payout ratio is a big plus. It means that a relatively small portion of company earnings are being returned to shareholders as dividends.
This not only makes for a more stable dividend but one that has ample capacity for future increases. Another positive — HP’s dividend growth rate accelerated to 29% last year, signaling management’s confidence in a PC market recovery.
3) Dell
Dell Technologies, Inc. (NYSE: DELL) is another stock that could benefit from a PC market rebound. Although it doesn’t have the decorated dividend growth track record of an IBM or HP, it does have a low 28% payout ratio that sets the stage for future growth. Dell’s $1.48 annual dividend payout translates to a 4.0% forward yield.
Since spinning off VWWare in November 2021, Dell has become a more focused company which, along with better cost management, allowed it to grow profits 23% last year. Shades of the Dell of yesteryear. A growing infrastructure business that provides servers, storage and networking solutions to enterprises stands to offset PC market cyclicality — and support dividend growth.
4) Seagate
Speaking of storage, Seagate Technology Holdings Plc (NASDAQ: STX) has long sported one of the tech sector’s highest yields. Despite the tough macroeconomic backdrop, the hard disk drive (HDD) specialist is sticking with its dividend policy even as it hits the brakes on share repurchases. Seagate’s dividend increased 2%, 3% and 4% over the last three years bringing the current annual payout to 4.6%.
Plenty of challenges remain including customer inventory gluts, weaker consumer spending and soft China demand. Longer-term, however, exposure to PCs, consumer electronics and enterprise storage should make for a more sustainable dividend.
5) Xerox
At the high end of the risk spectrum, Xerox Holdings Corporation (NYSE: XRX) pays a $1.00 per share annual dividend which equates to a 6.8% forward yield. Besides lacking a dividend hike history and having a 60% payout ratio, Xerox’s yield is as high as it is for good reason. The company is trying to stay relevant in the digital age by diversifying away from its legacy printer and copier business. The post-pandemic shift to hybrid work environments also poses a threat and has Xerox shifting to software and services that support remote workforces.
Unproven in both arenas, this is why the stock is still languishing near March 2020 Covid lows. Investors that are willing to bet on a successful transition to remote work solutions and Xerox’s investments in 3D printing, artificial intelligence (AI) and robotic automation could be in for some significant income and price appreciation.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
3) Dell Dell Technologies, Inc. (NYSE: DELL) is another stock that could benefit from a PC market rebound. Dell’s $1.48 annual dividend payout translates to a 4.0% forward yield. Since spinning off VWWare in November 2021, Dell has become a more focused company which, along with better cost management, allowed it to grow profits 23% last year.
|
3) Dell Dell Technologies, Inc. (NYSE: DELL) is another stock that could benefit from a PC market rebound. Dell’s $1.48 annual dividend payout translates to a 4.0% forward yield. Since spinning off VWWare in November 2021, Dell has become a more focused company which, along with better cost management, allowed it to grow profits 23% last year.
|
Dell’s $1.48 annual dividend payout translates to a 4.0% forward yield. 3) Dell Dell Technologies, Inc. (NYSE: DELL) is another stock that could benefit from a PC market rebound. Since spinning off VWWare in November 2021, Dell has become a more focused company which, along with better cost management, allowed it to grow profits 23% last year.
|
Dell’s $1.48 annual dividend payout translates to a 4.0% forward yield. 3) Dell Dell Technologies, Inc. (NYSE: DELL) is another stock that could benefit from a PC market rebound. Since spinning off VWWare in November 2021, Dell has become a more focused company which, along with better cost management, allowed it to grow profits 23% last year.
|
75b60452-903b-41a9-89fc-ec3d8eac5a01
|
725538.0
|
2023-03-20 00:00:00 UTC
|
Here's Why CrowdStrike Is Thrilled to Partner With Dell
|
DELL
|
https://www.nasdaq.com/articles/heres-why-crowdstrike-is-thrilled-to-partner-with-dell
|
nan
|
nan
|
Cloud-based cybersecurity specialist CrowdStrike Holdings (NASDAQ: CRWD) is seen by many as a future titan of the tech industry, whereas many look at personal-computing pioneer Dell Technologies (NYSE: DELL) as a titan of the past. And yet CrowdStrike is looking to Dell to help it move forward.
On March 6, CrowdStrike and Dell announced an alliance in which CrowdStrike's cybersecurity solutions will be promoted to Dell's enterprise customers. And this is a crucial development for CrowdStrike's ambitions of reaching a certain -- and important -- customer demographic.
CrowdStrike's huge customer opportunity
Shareholders who want to feel good about CrowdStrike can start by looking at the company's impressive customer base. The Global 2000 is a list by Forbes of the largest, most profitable companies in the world. And of the 2,000 companies on this list, 556 are CrowdStrike customers, showing how well the company is doing with attracting top-tier clients.
Overall, CrowdStrike is succeding at attracting customers. In its fiscal 2023, which ended in January, it grew its customer base 41% year over year to more than 23,000 -- adding nearly 1,900 net new customers in the fourth quarter alone.
For investors in technology stocks, including CrowdStrike, looking at how fast the customer base is growing is a good way to monitor the health of the business.
Many tech companies share how many employees a customer has. But cybersecurity companies like CrowdStrike don't really measure a customer by its workforce but rather by its number of endpoints -- devices that connect to the network.
Speaking at the Morgan Stanley Technology Media and Telecom conference earlier this month, CrowdStrike CEO George Kurtz said that there are 50 million small and midsize businesses in the world with 5 to 250 endpoints, of which only around 18,000 are CrowdStrike customers.
It undoubtedly wants to land the roughly 1,400 Global 2000 companies that aren't its customers yet -- those would be big contracts. But it also wants to do business with the 50 million smaller companies, too.
The problem is that it's less efficient to fish for minnows when there are bigger fish in the sea. Therefore, going after those 50 million customers requires an efficient strategy. And that's where Dell comes in.
Dell generated over $100 billion in its fiscal 2023, making it one of the biggest computing businesses in the world. And a huge part of its business is with enterprise customers.
A little more than one-third of its revenue comes from helping businesses build their tech infrastructure. And another 45% comes from computer and software solutions for enterprise customers.
In other words, Dell has tons of enterprise customers. And now it will be offering those customers CrowdStrike cybersecurity. The gritty details aren't worth exploring here. But suffice it to say that I believe it's far more efficient for CrowdStrike to partner with Dell to leverage its existing relationships in the world of small and midsize businesses than to try to address this segment of the market on its own.
Two cherries on top for shareholders
CrowdStrike bears will point out the stock's lofty price-to-sales (P/S) valuation of about 14, as of this writing. Indeed, that's expensive and means the company needs to generate above-average growth for a long time. And fortunately, it has been growing nicely, with fiscal 2023 revenue up 54% compared to fiscal 2022.
CRWD PS Ratio data by YCharts. YoY = year over year.
For fiscal 2024, management is guiding for about 34% year-over-year revenue growth, slower than in fiscal 2023 but still better than most companies. But here's the first cherry on top for shareholders when it comes to its partnership with Dell: Management's revenue guidance doesn't include any upside from its Dell deal, so anything it gets from the deal will only help it beat its guidance.
Here's the second cherry: The cybersecurity space is competitive, and on Jan. 17, CrowdStrike announced it lured two executives away from competitor SentinelOne, including new chief business officer Daniel Bernard. Kurtz appeared to at least give part of the credit to Bernard and his past relationship with Dell in securing that important partnership.
I don't believe there will be a single winner in cybersecurity -- SentinelOne and CrowdStrike could both be long-term winners. But the latter's deal with Dell shows incredible potential in its ability to grow revenue from small and midsize enterprise clients, something not reflected in its guidance right now. And it secured this deal -- instead of letting it go to a competitor -- by stealing its rival's talent, which makes the news far more meaningful to me.
Find out why CrowdStrike is one of the 10 best stocks to buy now
Our award-winning analyst team has spent more than a decade beating the market. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed their ten top stock picks for investors to buy right now. CrowdStrike is on the list -- but there are nine others you may be overlooking.
Click here to get access to the full list!
*Stock Advisor returns as of March 8, 2023
Jon Quast has positions in CrowdStrike. The Motley Fool has positions in and recommends CrowdStrike. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
But suffice it to say that I believe it's far more efficient for CrowdStrike to partner with Dell to leverage its existing relationships in the world of small and midsize businesses than to try to address this segment of the market on its own. But the latter's deal with Dell shows incredible potential in its ability to grow revenue from small and midsize enterprise clients, something not reflected in its guidance right now. Cloud-based cybersecurity specialist CrowdStrike Holdings (NASDAQ: CRWD) is seen by many as a future titan of the tech industry, whereas many look at personal-computing pioneer Dell Technologies (NYSE: DELL) as a titan of the past.
|
But here's the first cherry on top for shareholders when it comes to its partnership with Dell: Management's revenue guidance doesn't include any upside from its Dell deal, so anything it gets from the deal will only help it beat its guidance. But the latter's deal with Dell shows incredible potential in its ability to grow revenue from small and midsize enterprise clients, something not reflected in its guidance right now. Cloud-based cybersecurity specialist CrowdStrike Holdings (NASDAQ: CRWD) is seen by many as a future titan of the tech industry, whereas many look at personal-computing pioneer Dell Technologies (NYSE: DELL) as a titan of the past.
|
On March 6, CrowdStrike and Dell announced an alliance in which CrowdStrike's cybersecurity solutions will be promoted to Dell's enterprise customers. Cloud-based cybersecurity specialist CrowdStrike Holdings (NASDAQ: CRWD) is seen by many as a future titan of the tech industry, whereas many look at personal-computing pioneer Dell Technologies (NYSE: DELL) as a titan of the past. And yet CrowdStrike is looking to Dell to help it move forward.
|
On March 6, CrowdStrike and Dell announced an alliance in which CrowdStrike's cybersecurity solutions will be promoted to Dell's enterprise customers. And that's where Dell comes in. Cloud-based cybersecurity specialist CrowdStrike Holdings (NASDAQ: CRWD) is seen by many as a future titan of the tech industry, whereas many look at personal-computing pioneer Dell Technologies (NYSE: DELL) as a titan of the past.
|
8a137933-62b1-4cb6-8fe7-21cd4e592047
|
725539.0
|
2023-03-20 00:00:00 UTC
|
Cyclical Bottom in Sight; Goldman Recommends Betting on Dell (NYSE:DELL)
|
DELL
|
https://www.nasdaq.com/articles/cyclical-bottom-in-sight-goldman-recommends-betting-on-dell-nyse%3Adell
|
nan
|
nan
|
Goldman Sachs analyst initiated coverage on the shares of Dell Technologies (NYSE:DELL) with a Buy recommendation. The analyst expects an impending cyclical bottom in the PC/Server market. Thus, predicting a turn for the better in the short term, Goldman has a price target of $43 on DELL stock, implying an upside potential of 15.53%.
The slowdown in the PC market and a significant decline in demand in Q4 weighed on Dell’s Client Solutions Group (CSG) revenues. Adding to its problems, heightened competition and elevated industry channel inventories remained a drag.
Nonetheless, Goldman expects Dell to benefit from "the shift toward enterprise investments in hybrid multi-cloud, which should mitigate headwinds from workloads shifting to the public cloud.” Moreover, the firm expects Dell to capitalize on the shift toward other personal computing devices like phones and tablets.
In addition, new product innovation, like Dell’s APEX and consumption-based business model, will likely improve top-line visibility and lead to lower customer churn.
Meanwhile, ongoing strength in Dell’s Infrastructure Solutions Group, including Servers and networking, and Storage revenues, will likely drive its overall revenues and earnings.
While Goldman is bullish, let’s check what other analysts recommend for DELL stock.
Is DELL Stock a Good Buy Now?
DELL stock has received nine Buy and two Hold recommendations, indicating a Strong Buy consensus rating on TipRanks. Analysts’ average price target of $46.77 implies 25.66% upside potential.
Disclosure
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Thus, predicting a turn for the better in the short term, Goldman has a price target of $43 on DELL stock, implying an upside potential of 15.53%. The slowdown in the PC market and a significant decline in demand in Q4 weighed on Dell’s Client Solutions Group (CSG) revenues. In addition, new product innovation, like Dell’s APEX and consumption-based business model, will likely improve top-line visibility and lead to lower customer churn.
|
Thus, predicting a turn for the better in the short term, Goldman has a price target of $43 on DELL stock, implying an upside potential of 15.53%. While Goldman is bullish, let’s check what other analysts recommend for DELL stock. Goldman Sachs analyst initiated coverage on the shares of Dell Technologies (NYSE:DELL) with a Buy recommendation.
|
Goldman Sachs analyst initiated coverage on the shares of Dell Technologies (NYSE:DELL) with a Buy recommendation. Thus, predicting a turn for the better in the short term, Goldman has a price target of $43 on DELL stock, implying an upside potential of 15.53%. Nonetheless, Goldman expects Dell to benefit from "the shift toward enterprise investments in hybrid multi-cloud, which should mitigate headwinds from workloads shifting to the public cloud.” Moreover, the firm expects Dell to capitalize on the shift toward other personal computing devices like phones and tablets.
|
Thus, predicting a turn for the better in the short term, Goldman has a price target of $43 on DELL stock, implying an upside potential of 15.53%. While Goldman is bullish, let’s check what other analysts recommend for DELL stock. Goldman Sachs analyst initiated coverage on the shares of Dell Technologies (NYSE:DELL) with a Buy recommendation.
|
2117344a-e0bc-44c0-ab9e-ca0701c42a48
|
725540.0
|
2023-03-18 00:00:00 UTC
|
CrowdStrike Impressed Investors
|
DELL
|
https://www.nasdaq.com/articles/crowdstrike-impressed-investors
|
nan
|
nan
|
In this podcast, Motley Fool senior analyst Asit Sharma discusses:
Shares of CrowdStrike rising as the cybersecurity company closed out the fiscal year on a strong note.
Taking the "basket approach" to cybersecurity stocks.
Funko's surprising solution to having too much inventory.
Motley Fool content strategist Mary Long talks with BlackRock managing director Gargi Chaudhuri about the case for bonds and some economic predictions her team made in 2022.
To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.
Find out why CrowdStrike is one of the 10 best stocks to buy now
Our award-winning analyst team has spent more than a decade beating the market. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed their ten top stock picks for investors to buy right now. CrowdStrike is on the list -- but there are nine others you may be overlooking.
Click here to get access to the full list!
*Stock Advisor returns as of March 8, 2023
This video was recorded on March 8, 2023.
Chris Hill: Can I interest anyone in $30 million worth of bobblehead figures? Details coming up. Motley Fool Money starts now.
[music]
I'm Chris Hill. Joining me today: Motley Fool Senior Analyst Asit Sharma. Good to see you.
Asit Sharma: Chris, good to see you.
Chris Hill: Let's start with cybersecurity, shall we?
Asit Sharma: Sure.
Chris Hill: Shares of CrowdStrike are up a bit today after fourth-quarter results were better than expected, and CrowdStrike's free cash flow appears to be flowing to the tune of $200 million in the quarter. But what did you think?
Asit Sharma: This is a company that really is making a lot of hay out of its subscription business. It is deep into the enterprise in the cybersecurity business, keeps selling more to very large customers and more of the components of its Falcon platform. The Falcon platform is this big, bad platform that's informed by a lot of AI, and it handles trillions of data points. The more big customers use it, the more they want to buy in terms of modules.
I want to cite this one statistic from the conference call. Subscription customers that are buying five or more, six or more, or seven more modules, those customers grew by 52%, 62%, and 75% year over year, respectively.
This is what is informing these big numbers out of CrowdStrike, not just this quarter but in previous quarters. This quarter, they showed annual recurring revenue growth of 48% year over year. As you mentioned, they had that monster-free cash flow of $209 million. You need to pay attention to that because on the books, GAAP earnings are still negative, although when they adjust their operating profit, that is a positive number of $96 million during the quarter.
I also want to note here that they've got not just a foothold in the enterprise, but they're selling more and more to small and medium-sized businesses, clocking in at a total of more than 23,000 subscription customers total this quarter.
Chris Hill: One of the things we've talked about in the past is for a lot of people, cybersecurity is something that is obviously important. We've talked before about how businesses, when they're looking to cut expenses, they're probably not cutting back on cybersecurity. But some people like to take a basket approach to investing in a particular industry. Do you think CrowdStrike is one of those that either needs to be in the basket or is at least worth considering for a basket of cybersecurity stocks?
Asit Sharma: Chris, for years, I shied away from the cybersecurity industry just because it changes so rapidly. To me, watching these companies for the last couple of decades, it used to be almost like what's the point here? The technology changes. Companies that are strong today, they start to fade, and new ones come on to the surface. It seems like such a hard industry to invest in.
But I think this latest generation of companies is worth buying and holding. To me, CrowdStrike is one that should be in your basket.
The reason why is that it's not doing anything that is particularly unique in the areas in which it excels, like zero-trust security, endpoint security, but what it does better than almost any other company is offering these products and services in a way that's very lightweight. The agents are very lightweight. There's not much of a load on your system when you start using their platform. They make it very simple to come in at an extremely low cost, so they're great at land and expand. Meaning thereby a small division in a company can start using their products and it can mushroom through the organization.
The other thing that differentiates this company from many of its competitors is its successful reliance on channel partners. That looked to me like maybe a suspect way to market products and services. I always believe like a direct sales force that's going in and getting enterprise businesses the way to go, but here, they proved me wrong. I think 83% of their revenue came from channel partners. These aren't all small and obscure companies. They've got agreements with Dell now, who is promoting their products through its ecosystem.
I think strategically, the way they sell their products, and also just the lightweight nature of the products, the ease at which they can then be picked up by other divisions within an organization is providing some separation between this company and some of its competitors.
Chris Hill: Am I correct in assuming that the economics of selling through channel partners is not quite as good on the margin line for CrowdStrike than what they're doing in terms of in-house selling? Obviously, as you said, 83% from a volume standpoint. That's fantastic, but I'm wondering if the economics are just slightly worse?
Asit Sharma: Always, when you can build an efficient direct sales force, if you're selling into large corporate clients, that's the way you want to go. That's a higher-margin way to sell. But if you are, I don't want to say spraying, because they're doing something a little more sophisticated than that, but let's say you're aiming for all sizes of the market. Do you want the small and medium-sized businesses? You want the slightly larger ones, you want, Fortune 500 companies, then it makes sense for some portion of your business to be engaging with resellers channel partners.
Once you get really high volume, the economics start to balance out a bit. Yes, if you can't scale, it can be a disastrous strategy to take.
But I will note also that other competitors that we associate in this space, maybe Fortinet is one that we can look at, also used channel partners. It's part of the way these companies build their approach to grabbing their fair share of the market, it helps them scale much more quickly.
Chris Hill: You and I have talked on the show before about Funko Pop, which is the publicly traded company best known for pop culture figures with the big heads. Like many companies, Funko Pop is not immune to inventory problems. Unlike other companies, however, they appear to have a, well, a solution that is grabbing headlines, which is Funko Pop decided to just throw away $30 million worth of bobbleheads.
That just immediately conjures up the image of how many bobbleheads is that? I've been in stores, seen Funko Pops selling for anywhere from $5 upwards to $25, $30. But I guess the management team ran the numbers and figured out, you know what? This is actually going to be more expensive for us to store them somewhere than to just throw them away.
Asit Sharma: What an agonizing decision. It's especially agonizing if you're a shareholder of Funko, because the company can rebound from this inventory snafu that actually has its roots in the previous couple of quarters, but it just feels so tough to think about throwing away product. That's obviously not great for the environment.
I'll get into a little bit about why the decision is made to throw this stuff away. But just to give you a bit of history, or to refresh, because we've chatted about this. Funko, for many years, was run very successfully from a growth perspective. During the tail end of the pandemic, they miscalculated on their inventory. The former CEO, who hadn't been in that seat very long, was moved to the present position.
The former CEO now is running the show again. He stepped back in, I think as of December, that's Brian Moriarty. He is really good at understanding inventory levels and tying that to projected sales. I don't have much doubt that he'll rectify these issues.
I should point out that Funko itself, while it's facing this challenge and growth was flat in the last quarter, still has a lot that's going well in the business. They have a European division called Loungefly, which specializes in these bespoke backpacks, that's growing at a double-digit rate and really making up for some of the deficiencies on this inventory side of the business.
Nonetheless, here's where this company is different than, let's say, I don't know, a company that's selling modular couches. If you overshoot your projections, right, you can hold stuff in inventory for quite a while. Styles don't change that much, but if you've predicated the value of your product on a collectibles basis, that this is rare and unique, if you end up with too much inventory, you can't dump out on the market because it decreases future sales value. It decreases the value in hands of people who collect these. For that reason, they couldn't even donate these to charity for fear of that flooding the market eventually.
There's one more dynamic behind this story in that Funko had moved to a really brand-new great distribution warehouse in Arizona, which was only meant to run at 80% capacity. When the products stopped selling so quickly, with all the supply chain kinks and interest rates spikes, inflation spikes late last year, that distribution center went up to 100% capacity, so they had to shift product into containers and storage spaces and it was really bleeding money on the inventory line.
They're working that back down to 80% again of capacity, but I understand that the inventory write-down is going to be somewhere between 30 million and 36 million bucks. I was chatting with an analyst yesterday at the Motley Fool and she shared a viral TikTok, which makes this whole thing seem so sad and in which a young person's explaining how these collectibles are going to make their way into the landfill.
This is the impact of a decision where if you're off by an order of magnitude one quarter, it can be really hard on your brand too. I have to think that they considered all the options and this was the only viable one to stop that cash bleed, because they are taking a little bit of hit on the brand. I think Funko will recover, but again, it hurts to see this on all levels.
Chris Hill: Well, for spring break this year, my son and I are taking a road trip north, so we'll see if we can hit Newbury Comics somewhere on the way and maybe help move the inventory along. It's a fascinating story and much deeper than just the headline in the imagery of $30 million worth of Funko Pop dolls ending up in a landfill. Asit Sharma, always great talking to you. Thanks for being here.
Asit Sharma: Thanks so much, Chris, this was a lot of fun.
Chris Hill: Have you noticed how six months ago, there was a lot of talk about a recession coming in 2023, and here we are now six months later, and it still feels like a recession is probably six months away? Mary Long caught up with Gargi Chaudhuri, a managing director at BlackRock, to check in on some economic predictions that her team made last year and the case for bonds right now.
Mary Long: Late last year, your team published a 2023 investor guide, and you also just recently released some commentary that called January's market gains a false spring. What were the top-line takeaways in the 2023 investor guide, and how are those predictions holding up as we near the end of the first quarter?
Gargi Chaudhuri: One of the things that we had talked about in the January 2023 guide -- which, by the way, it was written at the end of November -- was just this concept that interest rates would stay higher for a longer period of time. That the Fed, as we know, is raising interest rates and they're doing so because inflation is quite high, it's higher than we want it to be. It's higher than the Fed themselves want it to be.
Unfortunately for many of us, because we feel it in our wallets, unfortunately, the view was that inflation would remain a little bit stickier than perhaps the market was expecting, at least back in November 2022.
As it turns out, as we think about what's happening today in the markets, interest rates are higher. In fact, they are higher today than they were in about a month ago, about two months ago. And the other thing that we're recognizing is that inflation is certainly also remaining a little bit stickier than we had expected. Both of those are coming into fruition like we had thought.
I would say the one area where we had expected a little bit more of a repricing, if you will, where we'd expected some weakness was the equity market, where we had thought that certain areas of the equity markets would do better than others. So far, as of now beginning of March, the market has done the stock market has done much better than we would have thought.
Mary Long: Everyone talks about this possibility of a recession, and even your team and the investment guide, I think, said that a recession this year is almost a certainty. It feels like this conversation of a recession is something that for the past year, everyone in financial media has been talking about. From where you're sitting, where is this recession, and why does it almost always seem like it's another six-ish months ahead?
Gargi Chaudhuri: Yeah. When we were, again, looking at the data in November, the expectation that we had that inflation would stay stickier at above 3% for the entirety of 2023. As a result of that, the Fed would have to raise rates. At that time, we thought it was closer to 5%. Now, we're realizing it could actually be a little bit higher than that, maybe closer to 5.5%, and as a result of that, the Fed would have to dampen demand and the economy. That's what they want to do. They want to dampen demand and the economy so that inflation slows down, so that we just slow down, so the job market slows down just a little bit. All of that, we felt, was going to lead to a recession.
Now again, this is where the humility comes in, and this is where the thinking about your framework comes in. We have to think about, what is the data that we're getting? What is the data that we've gotten so far on consumption? On inflation? On durable goods? On retail spending? And what does that point to in terms of the shape and the health of the economy? And rethinking whether it be perhaps either got it wrong or early, which is I suppose another way to say wrong. But as the data changes we have to challenge ourselves to change our mind if that is the appropriate thing to do.
For now, given that, to your point, we did call for a recession to be a foregone conclusion for 2023. The data for January and February does not indicate that at all. The data for January and February so far looks at a very healthy U.S. economy and actually a stronger European economy as well.
Now, the flip side of that is with the Fed keeping rates at a higher, in fact even higher than what we had originally thought level for longer means that there will be slowdown, and I think the slowdown will happen a little bit later than what we had originally thought. It's possible, and I'm slowly opening my mind to the fact that it is possible that we maybe achieve a soft landing, that we get by without a recession.
I will say that we weren't acknowledging that before and right now it does appear that certain sectors, even the manufacturing sector, certainly the consumption sector, is doing a lot better. I think we have to trust our process and wait for more data to come out. For right now, it's a recession delayed, not a recession for foregone. But we wait for the data to tell us otherwise.
Mary Long: I like that phrase, "a recession delayed, not a recession forgone."
I want to pivot a little bit. Another one of the big takeaways from that investor guide was an acronym, BARB -- bonds are back.
Gargi Chaudhuri: Yeah.
Mary Long: Stocks are our bread and butter here at The Motley Fool, so -- and I know this is a big ask -- can you give us a quick class in Bond Markets 101?
Gargi Chaudhuri: Love that.
Mary Long: If I'm an individual investor whose portfolio is primarily stocks, but I'm thinking about reallocating in this high-interest-rate environment or want to explore new asset class, what do I need to know to dive into the bond market?
Gargi Chaudhuri: Absolutely, it would be my pleasure, especially because I think that what you are able to own in bonds right now is so attractive compared to any time in the most recent history. I would imagine that most of the listeners of your show haven't invested 20, 30 years ago, when bond yields were significantly higher than here. I think by looking at a cohort of investors that are gravitating toward the equity markets in a world where we used to use the acronym TINA -- there is no other alternative -- and therefore, you had to go to equity markets to own your return.
That's where this other new acronym comes in, which is BARB, which is bonds are back. And the reason that we talk about BARB, the reason that we talk about bonds being back is that for many years, especially since 2020, when the Fed cut rates all the way to zero in response to COVID pandemic to rebuild, invigorate the economy. You weren't really earning anything owning bonds; you weren't really earning a coupon.
The point of owning bonds -- and this is going back to your first ask, Mary. The point of owning bonds is every six months you will earn a coupon. You know what that coupon is going to be and at the end of the period of the bonds. So you can own a bond for two years, 3 years, 5 years, 20 years, you can own different types of bonds. The safest bonds that are backed by the full faith of the U.S. government are called Treasury bonds.
Then you can have different credit bonds that are issued by corporates and depending on how highly ranked the corporation is, those types of bonds are called different types of bonds that can be high-yield bonds, or they can be investment-grade bonds. Bonds of other countries are also available to us.
If you're looking at emerging markets -- so I'm from India. If you're looking at a bond from the Indian government, that is certainly available to you, but it will have probably a little bit more volatility. You might ask for a higher coupon or a higher yield to invest in certain types of bonds that are not as safe.
The whole idea of investing in bonds is that it's the safer allocation in your portfolio. How safe depends on which bond you allocate to. The idea is you put your money, you get a coupon and at the end of the period of time that you buy the bond for, you get your principal back.
Now, for the longest time, as I mentioned earlier, Treasuries were yielding absolutely close to zero, and even if you were sitting in 10-year Treasury, so your money was locked up for 10 years, you were only earning about a little over 1%. Very, very low level of interest rates or income from your Treasuries. Then if you took a little bit more risk, so if you bought emerging-market bond, or if you took a bond of a corporation that wasn't as safe as what the U.S. is perceived to be, you could earn what we call a little bit more risk premium on that, a little bit of spread on that, but still, they were very low.
Now fast-forward to today, where if you own a bond for the next three -- or it's called a bill, actually. But if you own securities where your money is locked up only for three months or six months, or even one or two years, you're actually earning close to 5%.
We haven't been in that environment for about 16 years, since the previous financial crisis. You can not only be in a very safe part of the market with Treasuries being backed by the government, but you can also earn a coupon on an income that is pretty hefty at 5%. That's why we say bonds are back as a driver of income in your portfolio, especially in a world where we think equity markets can, again, have a little bit of volatility.
By no means are we saying that you should not invest in equities. Always be investing, but also reconsider bonds in a world where you can own 5%, locking up your money for a very small or very short period.
[music]
Chris Hill: As always, people on the program may have interest in the stocks they talk about, and The Motley Fool may have formal recommendations for or against, so don't buy or sell stocks based solely on what you hear. I'm Chris Hill. Thanks for listening. We'll see you tomorrow.
Asit Sharma has positions in Funko. Chris Hill has no position in any of the stocks mentioned. Mary Long has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends CrowdStrike, Fortinet, and Funko. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
They've got agreements with Dell now, who is promoting their products through its ecosystem. In this podcast, Motley Fool senior analyst Asit Sharma discusses: Shares of CrowdStrike rising as the cybersecurity company closed out the fiscal year on a strong note. Motley Fool content strategist Mary Long talks with BlackRock managing director Gargi Chaudhuri about the case for bonds and some economic predictions her team made in 2022.
|
They've got agreements with Dell now, who is promoting their products through its ecosystem. In this podcast, Motley Fool senior analyst Asit Sharma discusses: Shares of CrowdStrike rising as the cybersecurity company closed out the fiscal year on a strong note. Motley Fool content strategist Mary Long talks with BlackRock managing director Gargi Chaudhuri about the case for bonds and some economic predictions her team made in 2022.
|
They've got agreements with Dell now, who is promoting their products through its ecosystem. So you can own a bond for two years, 3 years, 5 years, 20 years, you can own different types of bonds. Then you can have different credit bonds that are issued by corporates and depending on how highly ranked the corporation is, those types of bonds are called different types of bonds that can be high-yield bonds, or they can be investment-grade bonds.
|
They've got agreements with Dell now, who is promoting their products through its ecosystem. Chris Hill: Am I correct in assuming that the economics of selling through channel partners is not quite as good on the margin line for CrowdStrike than what they're doing in terms of in-house selling? So far, as of now beginning of March, the market has done the stock market has done much better than we would have thought.
|
2e026b57-2e2a-4237-bd1a-e624bc780eee
|
725541.0
|
2023-03-13 00:00:00 UTC
|
Court revives Apple, Google challenge to U.S. patent-review policy
|
DELL
|
https://www.nasdaq.com/articles/court-revives-apple-google-challenge-to-u.s.-patent-review-policy
|
nan
|
nan
|
By Blake Brittain
March 13 (Reuters) - Apple Inc AAPL.O, Google LLC GOOGL.O, Cisco Systems Inc CSCO.Oand others can sue the U.S. Patent and Trademark Office to challenge a rule that reduced the number of patent-validity proceedings at a USPTO tribunal, a U.S. appeals court said Monday.
The U.S. Court of Appeals for the Federal Circuit reverseda California federal court's decision to dismiss the companies' lawsuit and said the agency may have failed to go through a required public notice-and-comment rulemaking process.
The PTO declined to comment on the ruling.
Google spokesperson José Castañeda said the company appreciates the decision and looks forward to making its case at the lower court. A Cisco spokesperson said the ruling reinforces that the PTO's patent review proceedings are "an important vehicle to preserve a balanced patent system, protect innovation, and assure patent quality in the United States."
Representatives for the other plaintiffs did not immediately respond to requests for comment.
The PTO's Patent Trial and Appeal Board is popular with big tech companies that are often targeted with patent lawsuits and that use the board's "inter partes review" process to contest patents they are accused of infringing. An internal rule that gave the agency's judges greater discretion to deny inter partes review petitions "dramatically reduced access" to the process, the companies told the appeals court.
Apple, Google, Cisco, Intel Corp INTC.O and Edwards Lifesciences Corp EW.Nsued the PTO in the California federal court in 2020 over the rule. They argued it undermined the role inter partes review plays in "protecting a strong patent system" and violated federal law.
Companies including Tesla, Honda, Comcast and Dell filed briefs at the Federal Circuit in support of the plaintiffs.
The California court dismissed the case in 2021, citing U.S. Supreme Court rulings that Patent Trial and Appeal Board decisions on whether to review inter partes review petitions cannot be appealed.
The Federal Circuit also rejected the companies' arguments that the rule was arbitrary and violated U.S. patent law. But the three-judge panel said the PTO may have been required to hold a period of public notice and comment before making the rule, and that it could be challenged based on that argument.
The case is Apple Inc v. Vidal, U.S. Court of Appeals for the Federal Circuit, No. 22-1249.
(Reporting by Blake Brittain in Washington)
((blake.brittain@tr.com; +1 (202) 938-5713;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Companies including Tesla, Honda, Comcast and Dell filed briefs at the Federal Circuit in support of the plaintiffs. By Blake Brittain March 13 (Reuters) - Apple Inc AAPL.O, Google LLC GOOGL.O, Cisco Systems Inc CSCO.Oand others can sue the U.S. Patent and Trademark Office to challenge a rule that reduced the number of patent-validity proceedings at a USPTO tribunal, a U.S. appeals court said Monday. An internal rule that gave the agency's judges greater discretion to deny inter partes review petitions "dramatically reduced access" to the process, the companies told the appeals court.
|
Companies including Tesla, Honda, Comcast and Dell filed briefs at the Federal Circuit in support of the plaintiffs. The U.S. Court of Appeals for the Federal Circuit reverseda California federal court's decision to dismiss the companies' lawsuit and said the agency may have failed to go through a required public notice-and-comment rulemaking process. They argued it undermined the role inter partes review plays in "protecting a strong patent system" and violated federal law.
|
Companies including Tesla, Honda, Comcast and Dell filed briefs at the Federal Circuit in support of the plaintiffs. The U.S. Court of Appeals for the Federal Circuit reverseda California federal court's decision to dismiss the companies' lawsuit and said the agency may have failed to go through a required public notice-and-comment rulemaking process. The PTO's Patent Trial and Appeal Board is popular with big tech companies that are often targeted with patent lawsuits and that use the board's "inter partes review" process to contest patents they are accused of infringing.
|
Companies including Tesla, Honda, Comcast and Dell filed briefs at the Federal Circuit in support of the plaintiffs. The U.S. Court of Appeals for the Federal Circuit reverseda California federal court's decision to dismiss the companies' lawsuit and said the agency may have failed to go through a required public notice-and-comment rulemaking process. The California court dismissed the case in 2021, citing U.S. Supreme Court rulings that Patent Trial and Appeal Board decisions on whether to review inter partes review petitions cannot be appealed.
|
06d619c8-087f-46ea-970b-d142b8d59a4d
|
725542.0
|
2023-03-10 00:00:00 UTC
|
Dell Technologies Passes Through 4% Yield Mark
|
DELL
|
https://www.nasdaq.com/articles/dell-technologies-passes-through-4-yield-mark
|
nan
|
nan
|
Looking at the universe of stocks we cover at Dividend Channel, in trading on Friday, shares of Dell Technologies Inc (Symbol: DELL) were yielding above the 4% mark based on its quarterly dividend (annualized to $1.48), with the stock changing hands as low as $36.28 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the iShares Russell 3000 ETF (IWV) back on 5/31/2000 — you would have paid $78.27 per share. Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years. But now consider that you collected a whopping $10.77 per share in dividends over the same period, increasing your return to 13.15%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 4% would appear considerably attractive if that yield is sustainable. Dell Technologies Inc (Symbol: DELL) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets.
In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Dell Technologies Inc, looking at the history chart for DELL below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 4% annual yield.
Free Report: Top 8%+ Dividends (paid monthly)
Click here to find out which 9 other dividend stocks just recently went on sale »
Also see:
SPW Split History
PDLI Split History
VGM Average Annual Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Looking at the universe of stocks we cover at Dividend Channel, in trading on Friday, shares of Dell Technologies Inc (Symbol: DELL) were yielding above the 4% mark based on its quarterly dividend (annualized to $1.48), with the stock changing hands as low as $36.28 on the day. Dell Technologies Inc (Symbol: DELL) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Dell Technologies Inc, looking at the history chart for DELL below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 4% annual yield.
|
Looking at the universe of stocks we cover at Dividend Channel, in trading on Friday, shares of Dell Technologies Inc (Symbol: DELL) were yielding above the 4% mark based on its quarterly dividend (annualized to $1.48), with the stock changing hands as low as $36.28 on the day. Dell Technologies Inc (Symbol: DELL) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Dell Technologies Inc, looking at the history chart for DELL below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 4% annual yield.
|
Looking at the universe of stocks we cover at Dividend Channel, in trading on Friday, shares of Dell Technologies Inc (Symbol: DELL) were yielding above the 4% mark based on its quarterly dividend (annualized to $1.48), with the stock changing hands as low as $36.28 on the day. Dell Technologies Inc (Symbol: DELL) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Dell Technologies Inc, looking at the history chart for DELL below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 4% annual yield.
|
Looking at the universe of stocks we cover at Dividend Channel, in trading on Friday, shares of Dell Technologies Inc (Symbol: DELL) were yielding above the 4% mark based on its quarterly dividend (annualized to $1.48), with the stock changing hands as low as $36.28 on the day. Dell Technologies Inc (Symbol: DELL) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Dell Technologies Inc, looking at the history chart for DELL below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 4% annual yield.
|
c712c714-b56d-4b2c-867d-7b47f45e95ef
|
725543.0
|
2023-03-10 00:00:00 UTC
|
Dell Technologies Becomes Oversold (DELL)
|
DELL
|
https://www.nasdaq.com/articles/dell-technologies-becomes-oversold-dell
|
nan
|
nan
|
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Friday, shares of Dell Technologies Inc (Symbol: DELL) entered into oversold territory, hitting an RSI reading of 29.9, after changing hands as low as $36.96 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 39.2. A bullish investor could look at DELL's 29.9 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DELL shares:
Looking at the chart above, DELL's low point in its 52 week range is $32.895 per share, with $55.30 as the 52 week high point — that compares with a last trade of $37.38.
Free Report: Top 8%+ Dividends (paid monthly)
Find out what 9 other oversold stocks you need to know about »
Also see:
EUSP Insider Buying
ETFs Holding NYT
BSCL Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
A bullish investor could look at DELL's 29.9 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DELL shares: Looking at the chart above, DELL's low point in its 52 week range is $32.895 per share, with $55.30 as the 52 week high point — that compares with a last trade of $37.38. In trading on Friday, shares of Dell Technologies Inc (Symbol: DELL) entered into oversold territory, hitting an RSI reading of 29.9, after changing hands as low as $36.96 per share.
|
In trading on Friday, shares of Dell Technologies Inc (Symbol: DELL) entered into oversold territory, hitting an RSI reading of 29.9, after changing hands as low as $36.96 per share. A bullish investor could look at DELL's 29.9 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DELL shares: Looking at the chart above, DELL's low point in its 52 week range is $32.895 per share, with $55.30 as the 52 week high point — that compares with a last trade of $37.38.
|
In trading on Friday, shares of Dell Technologies Inc (Symbol: DELL) entered into oversold territory, hitting an RSI reading of 29.9, after changing hands as low as $36.96 per share. A bullish investor could look at DELL's 29.9 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DELL shares: Looking at the chart above, DELL's low point in its 52 week range is $32.895 per share, with $55.30 as the 52 week high point — that compares with a last trade of $37.38.
|
In trading on Friday, shares of Dell Technologies Inc (Symbol: DELL) entered into oversold territory, hitting an RSI reading of 29.9, after changing hands as low as $36.96 per share. A bullish investor could look at DELL's 29.9 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DELL shares: Looking at the chart above, DELL's low point in its 52 week range is $32.895 per share, with $55.30 as the 52 week high point — that compares with a last trade of $37.38.
|
0cc958d3-528d-443f-bebd-c122184afcf9
|
725544.0
|
2023-03-09 00:00:00 UTC
|
Analysts Forecast 14% Gains Ahead For The Holdings of FXL
|
DELL
|
https://www.nasdaq.com/articles/analysts-forecast-14-gains-ahead-for-the-holdings-of-fxl
|
nan
|
nan
|
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the First Trust Technology AlphaDEX Fund ETF (Symbol: FXL), we found that the implied analyst target price for the ETF based upon its underlying holdings is $117.23 per unit.
With FXL trading at a recent price near $102.63 per unit, that means that analysts see 14.22% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of FXL's underlying holdings with notable upside to their analyst target prices are Nutanix Inc (Symbol: NTNX), Dell Technologies Inc (Symbol: DELL), and Workday Inc (Symbol: WDAY). Although NTNX has traded at a recent price of $26.01/share, the average analyst target is 24.08% higher at $32.27/share. Similarly, DELL has 22.62% upside from the recent share price of $38.77 if the average analyst target price of $47.54/share is reached, and analysts on average are expecting WDAY to reach a target price of $212.26/share, which is 15.68% above the recent price of $183.49. Below is a twelve month price history chart comparing the stock performance of NTNX, DELL, and WDAY:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
First Trust Technology AlphaDEX Fund ETF FXL $102.63 $117.23 14.22%
Nutanix Inc NTNX $26.01 $32.27 24.08%
Dell Technologies Inc DELL $38.77 $47.54 22.62%
Workday Inc WDAY $183.49 $212.26 15.68%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
Also see:
ARW Average Annual Return
Institutional Holders of VOLT
TEL Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
First Trust Technology AlphaDEX Fund ETF FXL $102.63 $117.23 14.22% Nutanix Inc NTNX $26.01 $32.27 24.08% Dell Technologies Inc DELL $38.77 $47.54 22.62% Workday Inc WDAY $183.49 $212.26 15.68% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of FXL's underlying holdings with notable upside to their analyst target prices are Nutanix Inc (Symbol: NTNX), Dell Technologies Inc (Symbol: DELL), and Workday Inc (Symbol: WDAY). Similarly, DELL has 22.62% upside from the recent share price of $38.77 if the average analyst target price of $47.54/share is reached, and analysts on average are expecting WDAY to reach a target price of $212.26/share, which is 15.68% above the recent price of $183.49.
|
Three of FXL's underlying holdings with notable upside to their analyst target prices are Nutanix Inc (Symbol: NTNX), Dell Technologies Inc (Symbol: DELL), and Workday Inc (Symbol: WDAY). Similarly, DELL has 22.62% upside from the recent share price of $38.77 if the average analyst target price of $47.54/share is reached, and analysts on average are expecting WDAY to reach a target price of $212.26/share, which is 15.68% above the recent price of $183.49. First Trust Technology AlphaDEX Fund ETF FXL $102.63 $117.23 14.22% Nutanix Inc NTNX $26.01 $32.27 24.08% Dell Technologies Inc DELL $38.77 $47.54 22.62% Workday Inc WDAY $183.49 $212.26 15.68% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
|
Similarly, DELL has 22.62% upside from the recent share price of $38.77 if the average analyst target price of $47.54/share is reached, and analysts on average are expecting WDAY to reach a target price of $212.26/share, which is 15.68% above the recent price of $183.49. Three of FXL's underlying holdings with notable upside to their analyst target prices are Nutanix Inc (Symbol: NTNX), Dell Technologies Inc (Symbol: DELL), and Workday Inc (Symbol: WDAY). Below is a twelve month price history chart comparing the stock performance of NTNX, DELL, and WDAY: Below is a summary table of the current analyst target prices discussed above:
|
First Trust Technology AlphaDEX Fund ETF FXL $102.63 $117.23 14.22% Nutanix Inc NTNX $26.01 $32.27 24.08% Dell Technologies Inc DELL $38.77 $47.54 22.62% Workday Inc WDAY $183.49 $212.26 15.68% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of FXL's underlying holdings with notable upside to their analyst target prices are Nutanix Inc (Symbol: NTNX), Dell Technologies Inc (Symbol: DELL), and Workday Inc (Symbol: WDAY). Similarly, DELL has 22.62% upside from the recent share price of $38.77 if the average analyst target price of $47.54/share is reached, and analysts on average are expecting WDAY to reach a target price of $212.26/share, which is 15.68% above the recent price of $183.49.
|
37e4c4ea-70e0-4b6f-a144-86d51a87fb37
|
725545.0
|
2023-03-08 00:00:00 UTC
|
Latest Tech Layoffs at Dell May Provide Buying Opportunity
|
DELL
|
https://www.nasdaq.com/articles/latest-tech-layoffs-at-dell-may-provide-buying-opportunity
|
nan
|
nan
|
As Federal Reserve Chairman Jerome Powell and his colleagues strive to gain significant ground in the battle to tame inflation, employment remains expendable collateral damage amidst this giant shift in policy. Technology companies - expressed in their typically higher betas - are more sensitive to changes in fiscal policy, particularly rising interest rates.
The first wells to dry out were online advertising revenue streams as individuals and businesses overall cut down on their marketing and advertising budgets. The trickle-down effects of inflation and higher interest rates, which hit the consumer at the same time, were definitely seen in disappointing tech earnings from firms like Amazon.com (NASDAQ: AMZN), Alphabet Inc (NASDAQ: GOOG), and Meta Platforms (NASDAQ: META).
As the COVID-induced demand for PCs and peripherals took off along with remote and hybrid work structures, manufacturers saw a boom in sales, margins, and overall valuations. As a result of all good things coming to an end and the demand for PCs ultimately slowing down to normalized historical levels, firms that depended on such demand saw their revenues drop significantly. Companies like Intel Corp (NASDAQ: INTC) were affected by this industry-wide decline in demand to the extent that they were one of the first hardware and chip makers to effect layoffs in the space.
If my friends do it then so will I
All of these giant players in the PC, chip and peripherals space are not unique nor special in the way they have attempted to cushion the start of what could be a very long dry spell on demand. Turns out, Dell Technologies (NYSE: DELL) Has joined the party - albeit late - by laying off as many as 6,650 workers recently, justifying a restructuring in the workforce.
The company noted that PC and peripherals are taking their hardest hit yet, and has quickly responded by contracting its workforce to a total size not seen since 2017. Looks like Dell has followed the lead on these layoff initiatives from other peers in the industry. However, the copy behavior seems to have stopped there.
While other firms have posted severe declines in revenue, Dell Technologies has expanded its top line by a five-year average annual growth rate of 11%, achieving operational profitability and nearly doubling its margins while at it. This is no small feat for a firm trying to find its way through the many challenges the industry has had to go through during the COVID pandemic.
An ace up their sleeve(s)
Dell Technologies is not the hardware-only company that markets know and sometimes love. Management has taken a hard turn toward expanding its Infrastructure Solutions Group (ISG) segment, growing it to represent up to 22% of the revenue generated. While this segment is still up and coming in terms of sizable income, it has lots of promise, carrying gross margins of 43-48%, versus 15-18% for their hardware business, according to their latest results presentation.
This lucrative segment comprises anything that caters to the 'digital revolution', from servers and storage for individuals and businesses alike to data management and analytics for similar audiences. A year-over-year revenue growth of 12% and 35% operating income growth for the business speaks volumes about the progress management has been making on this market pivot.
Another performance yardstick investors can consider is the positioning against other major firms trying to penetrate the data revolution space. Dell Technologies has penetrated 28% of the market share for External Enterprise Storage, 42.5% of the market share in High-End Storage, 14.2% of the market share in x86 server units, competing head-to-head with Intel Corp (NASDAQ: INTC), 45.5% of the market share in PC workstations, and dominating positions in many other verticals in which Dell operates.
Severely underestimated by the market
All of these expanded cash flows in the firm have allowed for further pivots and pursuits into higher-growth markets. More importantly than ambitious promises, investors enjoy the benefits of a positive cash-flowing business as it has been approving bigger and bigger share buybacks and dividend payouts for investors.
In the past quarter, Dell Technologies announced that they would be raising their annual dividend by 12% to $1.48 per share, an increase that far beats inflation for those investors focused on earning a current 3.8% yield. If that was not enough for those faithful stakeholders, the company has repurchased 62.4 million shares in the open markets. If management is betting the company's money on the same company, investors should be encouraged to do so.
What is very interesting is Dell's balance sheet, as total current assets (those that can be converted into cash within the quarter or sooner) account for a value of $55 per share. This means that even if the company made zero dollars in the next quarter, liquidated all its current assets, and distributed them to investors as a cash payout, it would still be worth more than what the entire company is selling for today.
Perhaps this has aided analysts to assign a 25% upside to the stock, on top of the current dividend yield and active share buybacks that management has no intention of stopping. Worthy of keeping around on a watchlist
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
While other firms have posted severe declines in revenue, Dell Technologies has expanded its top line by a five-year average annual growth rate of 11%, achieving operational profitability and nearly doubling its margins while at it. In the past quarter, Dell Technologies announced that they would be raising their annual dividend by 12% to $1.48 per share, an increase that far beats inflation for those investors focused on earning a current 3.8% yield. Turns out, Dell Technologies (NYSE: DELL) Has joined the party - albeit late - by laying off as many as 6,650 workers recently, justifying a restructuring in the workforce.
|
While other firms have posted severe declines in revenue, Dell Technologies has expanded its top line by a five-year average annual growth rate of 11%, achieving operational profitability and nearly doubling its margins while at it. Dell Technologies has penetrated 28% of the market share for External Enterprise Storage, 42.5% of the market share in High-End Storage, 14.2% of the market share in x86 server units, competing head-to-head with Intel Corp (NASDAQ: INTC), 45.5% of the market share in PC workstations, and dominating positions in many other verticals in which Dell operates. Turns out, Dell Technologies (NYSE: DELL) Has joined the party - albeit late - by laying off as many as 6,650 workers recently, justifying a restructuring in the workforce.
|
While other firms have posted severe declines in revenue, Dell Technologies has expanded its top line by a five-year average annual growth rate of 11%, achieving operational profitability and nearly doubling its margins while at it. Dell Technologies has penetrated 28% of the market share for External Enterprise Storage, 42.5% of the market share in High-End Storage, 14.2% of the market share in x86 server units, competing head-to-head with Intel Corp (NASDAQ: INTC), 45.5% of the market share in PC workstations, and dominating positions in many other verticals in which Dell operates. In the past quarter, Dell Technologies announced that they would be raising their annual dividend by 12% to $1.48 per share, an increase that far beats inflation for those investors focused on earning a current 3.8% yield.
|
Dell Technologies has penetrated 28% of the market share for External Enterprise Storage, 42.5% of the market share in High-End Storage, 14.2% of the market share in x86 server units, competing head-to-head with Intel Corp (NASDAQ: INTC), 45.5% of the market share in PC workstations, and dominating positions in many other verticals in which Dell operates. Turns out, Dell Technologies (NYSE: DELL) Has joined the party - albeit late - by laying off as many as 6,650 workers recently, justifying a restructuring in the workforce. Looks like Dell has followed the lead on these layoff initiatives from other peers in the industry.
|
5ca42537-a3de-4c21-9f57-0aaf5a0169f7
|
725546.0
|
2023-03-08 00:00:00 UTC
|
5 Stocks to Watch on Dividend Hikes Amid Market Uncertainty
|
DELL
|
https://www.nasdaq.com/articles/5-stocks-to-watch-on-dividend-hikes-amid-market-uncertainty
|
nan
|
nan
|
Volatility in the U.S. stock market continues due to inflation worries. The consumer price index (CPI) rose 0.5% in January 2023 compared to a slower gain of 0.1% in December 2022. With contribution mostly from the rise in prices of shelter, food and energy, prices of goods and services rose by 6.4% over the past 12 months. Reacting to this situation, the Dow, the S&P 500 and the Nasdaq have posted a negative return of 3.81%, 4.27% and 4.82% over the past month.
Domestic inflation continues to remain the biggest worry for investors and the Fed. The change in the rate of fall of inflation for January 2023 compared to December 2022 suggests that inflation remains in the system and getting control over it is more complex than what markets and the Fed have anticipated. In the month of January, more than half a million jobs were added.
Growth in wage rates turned out faster than what they were a decade ago, the labor market continues to be hot, and inflation is not coming down as fast as the Fed had thought. Retail sales in the said period grew at 3.0%, suggesting that consumer spending is not slowing as anticipated. Since getting control over inflation is the Fed’s primary target, and its ambition for 2% inflation over time looks distant, it is expected the Fed will continue with its hawkish stance.
Also, the global energy crisis and supply-chain distributions remain major threats to business. Thus, investors looking for regular income and capital preservation can invest in mature businesses, which pay out regular dividends. Amid adverse economic conditions, these stocks remain profitable due to their proven business models.
Companies, which tend to reward investors with a high dividend payout, outperform non-dividend-paying stocks during market volatility. Investors can expect a regular flow of income in volatile market conditions.
On that note, let us look at companies like Sun Communities SUI, Dell Technologies DELL, Synovus Financial SNV, Wyndham Hotels & Resorts WH and The Toronto Dominion Bank TD that lately hiked their dividend payments.
Sun Communities is a fully integrated real estate company. This Zacks Rank #3 (Hold) company owns, operates & finances manufactured housing communities concentrated on the midwestern & southeastern United States. You can see the complete list of today’s Zacks #1 Rank stocks here.
On Mar 3, SUI declared that its shareholders would receive a dividend of 93 cents a share on Apr 17. SUI has a dividend yield of 2.42%.
Over the past five years, SUI has increased its dividend six times and its payout ratio at present sits at 48% of earnings. Check Sun Communities’ dividend history here.
Sun Communities, Inc. Dividend Yield (TTM)
Sun Communities, Inc. dividend-yield-ttm | Sun Communities, Inc. Quote
Dell Technologies is a provider of information technology solutions. This Zacks Rank #3 company designs, develops, manufactures, markets, sells and supports various comprehensive and integrated solutions, products and services in the Americas, Europe, the Middle East, Asia, and internationally.
On Mar 2, DELL declared that its shareholders would receive a dividend of 37 cents a share on May 5, 2023. DELL has a dividend yield of 3.38%.
Over the past five years, DELL has increased its dividend twice and its payout ratio presently sits at 20% of earnings. Check Dell Technologies’ dividend history here.
Dell Technologies Inc. Dividend Yield (TTM)
Dell Technologies Inc. dividend-yield-ttm | Dell Technologies Inc. Quote
Synovus Financial is a diverse financial services company. This Zacks Rank #3 company provides integrated financial services, including commercial and retail banking, investment, and mortgage services, to its customers through locally branded divisions of its wholly-owned subsidiary, Synovus Bank, which has 257 branches in Alabama, Florida, Georgia, South Carolina and Tennessee.
On Mar 2, SNV declared that its shareholders would receive a dividend of 38 cents a share on Apr 3, 2023. SNV has a dividend yield of 3.32%.
Over the past five years, SNV has increased its dividend five times and its payout ratio presently sits at 28% of earnings. Check Synovus Financial’s dividend history here.
Synovus Financial Corp. Dividend Yield (TTM)
Synovus Financial Corp. dividend-yield-ttm | Synovus Financial Corp. Quote
Wyndham Hotels & Resorts is a hotel and resort chain. This Zacks Rank #3 company operates as a hotel franchisor and provides related services to third-party hotel owners and others worldwide.
On Mar 2, WH declared that its shareholders would receive a dividend of 35 cents a share on Mar 29, 2023. WH has a dividend yield of 1.63%.
In the past five-year period, WH has increased its dividend six times. Its payout ratio at present sits at 32% of earnings. Check Wyndham Hotels and Resorts’ dividend history.
Wyndham Hotels & Resorts Dividend Yield (TTM)
Wyndham Hotels & Resorts dividend-yield-ttm | Wyndham Hotels & Resorts Quote
The Toronto Dominion Bank is a Canadian chartered banking company. This Zacks Rank #3 company offers a wide range of business and consumer services that include checking and savings accounts, credit cards, mortgage and student loans, trusts, wills, estate planning, investment management services and financial and advisory services.
On Mar 2, TD announced that its shareholders would receive a dividend of 70 cents a share on Apr 30, 2023. TD has a dividend yield of 4.34%.
Over the past five years, TD has increased its dividend 13 times. Its payout ratio now sits at 44% of earnings. Check Toronto Dominion Bank’s dividend history here.
Toronto Dominion Bank (The) Dividend Yield (TTM)
Toronto Dominion Bank (The) dividend-yield-ttm | Toronto Dominion Bank (The) Quote
This Little-Known Semiconductor Stock Could Be Your Portfolio’s Hedge Against Inflation
Everyone uses semiconductors. But only a small number of people know what they are and what they do. If you use a smartphone, computer, microwave, digital camera or refrigerator (and that’s just the tip of the iceberg), you have a need for semiconductors. That’s why their importance can’t be overstated and their disruption in the supply chain has such a global effect. But every cloud has a silver lining. Shockwaves to the international supply chain from the global pandemic have unearthed a tremendous opportunity for investors. And today, Zacks' leading stock strategist is revealing the one semiconductor stock that stands to gain the most in a new FREE report. It's yours at no cost and with no obligation.
>>Yes, I Want to Help Protect My Portfolio During the Recession
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Synovus Financial Corp. (SNV) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Toronto Dominion Bank (The) (TD) : Free Stock Analysis Report
Sun Communities, Inc. (SUI) : Free Stock Analysis Report
Wyndham Hotels & Resorts (WH) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
On that note, let us look at companies like Sun Communities SUI, Dell Technologies DELL, Synovus Financial SNV, Wyndham Hotels & Resorts WH and The Toronto Dominion Bank TD that lately hiked their dividend payments. Sun Communities, Inc. Dividend Yield (TTM) Sun Communities, Inc. dividend-yield-ttm | Sun Communities, Inc. Quote Dell Technologies is a provider of information technology solutions. On Mar 2, DELL declared that its shareholders would receive a dividend of 37 cents a share on May 5, 2023.
|
On that note, let us look at companies like Sun Communities SUI, Dell Technologies DELL, Synovus Financial SNV, Wyndham Hotels & Resorts WH and The Toronto Dominion Bank TD that lately hiked their dividend payments. Click to get this free report Synovus Financial Corp. (SNV) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Toronto Dominion Bank (The) (TD) : Free Stock Analysis Report Sun Communities, Inc. (SUI) : Free Stock Analysis Report Wyndham Hotels & Resorts (WH) : Free Stock Analysis Report To read this article on Zacks.com click here. Sun Communities, Inc. Dividend Yield (TTM) Sun Communities, Inc. dividend-yield-ttm | Sun Communities, Inc. Quote Dell Technologies is a provider of information technology solutions.
|
On that note, let us look at companies like Sun Communities SUI, Dell Technologies DELL, Synovus Financial SNV, Wyndham Hotels & Resorts WH and The Toronto Dominion Bank TD that lately hiked their dividend payments. Click to get this free report Synovus Financial Corp. (SNV) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Toronto Dominion Bank (The) (TD) : Free Stock Analysis Report Sun Communities, Inc. (SUI) : Free Stock Analysis Report Wyndham Hotels & Resorts (WH) : Free Stock Analysis Report To read this article on Zacks.com click here. Sun Communities, Inc. Dividend Yield (TTM) Sun Communities, Inc. dividend-yield-ttm | Sun Communities, Inc. Quote Dell Technologies is a provider of information technology solutions.
|
On that note, let us look at companies like Sun Communities SUI, Dell Technologies DELL, Synovus Financial SNV, Wyndham Hotels & Resorts WH and The Toronto Dominion Bank TD that lately hiked their dividend payments. Sun Communities, Inc. Dividend Yield (TTM) Sun Communities, Inc. dividend-yield-ttm | Sun Communities, Inc. Quote Dell Technologies is a provider of information technology solutions. On Mar 2, DELL declared that its shareholders would receive a dividend of 37 cents a share on May 5, 2023.
|
3527fb90-5e1e-4464-8533-048677052bcd
|
725547.0
|
2023-03-07 00:00:00 UTC
|
U.S. reviewing China's Inspur Group entity listing
|
DELL
|
https://www.nasdaq.com/articles/u.s.-reviewing-chinas-inspur-group-entity-listing
|
nan
|
nan
|
March 7 (Reuters) - The U.S. is reviewing China's Inspur Group Co Ltd's entity listing and will update it as appropriate, a spokesperson for the U.S. Department of Commerce said.
(Reporting by Karen Freifeld)
((karen.freifeld@thomsonreuters.com; +1(646) 223-6921;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
March 7 (Reuters) - The U.S. is reviewing China's Inspur Group Co Ltd's entity listing and will update it as appropriate, a spokesperson for the U.S. Department of Commerce said. (Reporting by Karen Freifeld) ((karen.freifeld@thomsonreuters.com; +1(646) 223-6921;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
March 7 (Reuters) - The U.S. is reviewing China's Inspur Group Co Ltd's entity listing and will update it as appropriate, a spokesperson for the U.S. Department of Commerce said. (Reporting by Karen Freifeld) ((karen.freifeld@thomsonreuters.com; +1(646) 223-6921;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
March 7 (Reuters) - The U.S. is reviewing China's Inspur Group Co Ltd's entity listing and will update it as appropriate, a spokesperson for the U.S. Department of Commerce said. (Reporting by Karen Freifeld) ((karen.freifeld@thomsonreuters.com; +1(646) 223-6921;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
March 7 (Reuters) - The U.S. is reviewing China's Inspur Group Co Ltd's entity listing and will update it as appropriate, a spokesperson for the U.S. Department of Commerce said. (Reporting by Karen Freifeld) ((karen.freifeld@thomsonreuters.com; +1(646) 223-6921;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
64f6a4d4-e901-413d-81be-069e4f578477
|
725548.0
|
2023-03-06 00:00:00 UTC
|
Why CrowdStrike Holdings Stock Topped the Market Today
|
DELL
|
https://www.nasdaq.com/articles/why-crowdstrike-holdings-stock-topped-the-market-today-0
|
nan
|
nan
|
What happened
Cybersecurity stock CrowdStrike Holdings (NASDAQ: CRWD) was a standout on a generally unexciting Monday for the market. The company's share price rose by a bit over 1%, against the essentially flat S&P 500 index, thanks to news of a new business tie-up with a famous partner.
So what
That morning, in a joint press release, CrowdStrike and veteran PC manufacturer Dell Technologies (NYSE: DELL) announced they had formed a "strategic alliance." This partnership will manifest in CrowdStrike's solutions being available for purchase with Dell hardware. The two companies said that the cybersecurity specialist's offerings would be available with "a broad set" of Dell goods.
In the press release, the pair quoted CrowdStrike's Chief Business Officer Daniel Bernard as saying that "The CrowdStrike and Dell collaboration provides significant market access, expediting consolidation from legacy and point products to cybersecurity's leading modern platform."
The pricing of CrowdStrike's software bundled into Dell products wasn't specified. Additionally, the two companies did not provide any financial particulars behind their new partnership.
Now what
That's likely why investor optimism was somewhat muted on the news; the market likes to get as many details as possible on the potential of a new business relationship, particularly in regards to items like revenue sharing and fees.
Regardless, this feels like a win for both CrowdStrike and Dell. The former company gets a big new platform on which to sell its wares, and the latter bulks up with a powerful and well-reputed cybersecurity gatekeeper. Investors were right to react positively to the news.
10 stocks we like better than CrowdStrike
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and CrowdStrike wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of February 8, 2023
Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends CrowdStrike. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In the press release, the pair quoted CrowdStrike's Chief Business Officer Daniel Bernard as saying that "The CrowdStrike and Dell collaboration provides significant market access, expediting consolidation from legacy and point products to cybersecurity's leading modern platform." So what That morning, in a joint press release, CrowdStrike and veteran PC manufacturer Dell Technologies (NYSE: DELL) announced they had formed a "strategic alliance." This partnership will manifest in CrowdStrike's solutions being available for purchase with Dell hardware.
|
So what That morning, in a joint press release, CrowdStrike and veteran PC manufacturer Dell Technologies (NYSE: DELL) announced they had formed a "strategic alliance." This partnership will manifest in CrowdStrike's solutions being available for purchase with Dell hardware. The two companies said that the cybersecurity specialist's offerings would be available with "a broad set" of Dell goods.
|
In the press release, the pair quoted CrowdStrike's Chief Business Officer Daniel Bernard as saying that "The CrowdStrike and Dell collaboration provides significant market access, expediting consolidation from legacy and point products to cybersecurity's leading modern platform." So what That morning, in a joint press release, CrowdStrike and veteran PC manufacturer Dell Technologies (NYSE: DELL) announced they had formed a "strategic alliance." This partnership will manifest in CrowdStrike's solutions being available for purchase with Dell hardware.
|
In the press release, the pair quoted CrowdStrike's Chief Business Officer Daniel Bernard as saying that "The CrowdStrike and Dell collaboration provides significant market access, expediting consolidation from legacy and point products to cybersecurity's leading modern platform." So what That morning, in a joint press release, CrowdStrike and veteran PC manufacturer Dell Technologies (NYSE: DELL) announced they had formed a "strategic alliance." This partnership will manifest in CrowdStrike's solutions being available for purchase with Dell hardware.
|
8f718f6d-6830-4229-a429-24ec1c1a76e4
|
725549.0
|
2023-03-04 00:00:00 UTC
|
Dell (DELL) Declares $0.37 Dividend
|
DELL
|
https://www.nasdaq.com/articles/dell-dell-declares-%240.37-dividend
|
nan
|
nan
|
Dell said on March 2, 2023 that its board of directors declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Previously, the company paid $0.33 per share.
Shares must be purchased before the ex-div date of April 24, 2023 to qualify for the dividend. Shareholders of record as of April 25, 2023 will receive the payment on May 5, 2023.
At the current share price of $39.79 / share, the stock's dividend yield is 3.72%. Looking back five years and taking a sample every week, the average dividend yield has been 3.88%, the lowest has been 1.34%, and the highest has been 8.14%. The standard deviation of yields is 1.27 (n=196).
The current dividend yield is 0.12 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.43. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.12%, demonstrating that it has increased its dividend over time.
Learn to Harvest Dividends
Buy Stock. Capture Dividend. Sell Stock. Repeat. This is the essence of dividend harvesting and you can do it easily with Fintel's Dividend Capture Calendar.
Analyst Price Forecast Suggests 26.91% Upside
As of March 3, 2023, the average one-year price target for Dell is $50.50. The forecasts range from a low of $39.39 to a high of $63.00. The average price target represents an increase of 26.91% from its latest reported closing price of $39.79.
The projected annual revenue for Dell is $102,899MM, an increase of 0.58%. The projected annual non-GAAP EPS is $7.65.
What is the Fund Sentiment?
There are 1187 funds or institutions reporting positions in Dell. This is an increase of 75 owner(s) or 6.74% in the last quarter. Average portfolio weight of all funds dedicated to DELL is 0.17%, an increase of 3.21%. Total shares owned by institutions decreased in the last three months by 0.05% to 219,656K shares. The put/call ratio of DELL is 0.94, indicating a bullish outlook.
What are large shareholders doing?
Dodge & Cox holds 19,218K shares representing 2.68% ownership of the company. In it's prior filing, the firm reported owning 19,763K shares, representing a decrease of 2.84%. The firm increased its portfolio allocation in DELL by 3.59% over the last quarter.
DODGX - Dodge & Cox Stock Fund holds 12,982K shares representing 1.81% ownership of the company. No change in the last quarter.
Temasek Holdings holds 8,848K shares representing 1.24% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,494K shares representing 1.05% ownership of the company. In it's prior filing, the firm reported owning 7,587K shares, representing a decrease of 1.25%. The firm increased its portfolio allocation in DELL by 7.36% over the last quarter.
Lsv Asset Management holds 6,054K shares representing 0.85% ownership of the company. In it's prior filing, the firm reported owning 6,028K shares, representing an increase of 0.42%. The firm increased its portfolio allocation in DELL by 10.96% over the last quarter.
Dell Technologies Background Information
(This description is provided by the company.)
Dell Technologies helps organizations and individuals build their digital future and transform how they work, live and play. The company provides customers with the industry's broadest and most innovative technology and services portfolio for the data era.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Dell Technologies helps organizations and individuals build their digital future and transform how they work, live and play. Dell said on March 2, 2023 that its board of directors declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Analyst Price Forecast Suggests 26.91% Upside As of March 3, 2023, the average one-year price target for Dell is $50.50.
|
Dell said on March 2, 2023 that its board of directors declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Analyst Price Forecast Suggests 26.91% Upside As of March 3, 2023, the average one-year price target for Dell is $50.50. The projected annual revenue for Dell is $102,899MM, an increase of 0.58%.
|
Dell said on March 2, 2023 that its board of directors declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Analyst Price Forecast Suggests 26.91% Upside As of March 3, 2023, the average one-year price target for Dell is $50.50. The projected annual revenue for Dell is $102,899MM, an increase of 0.58%.
|
Dell said on March 2, 2023 that its board of directors declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Analyst Price Forecast Suggests 26.91% Upside As of March 3, 2023, the average one-year price target for Dell is $50.50. The projected annual revenue for Dell is $102,899MM, an increase of 0.58%.
|
a7c24337-b6af-4f4e-863a-2bd9fb506e45
|
725550.0
|
2023-03-03 00:00:00 UTC
|
US STOCKS-Futures rise as yields retreat from highs
|
DELL
|
https://www.nasdaq.com/articles/us-stocks-futures-rise-as-yields-retreat-from-highs-0
|
nan
|
nan
|
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.
Yields slip after rally
Focus on ISM services sector data
Dell slips as forecast disappoints
Futures up: Dow 0.25%, S&P 0.33%, Nasdaq 0.29%
Adds analyst's comment, updates prices
March 3 (Reuters) - U.S. stock index futures rose on Friday as Treasury yields took a breather from a week-long rally that was sparked by worries that the Federal Reserve would keep interest rates higher for longer to tame stubborn inflation.
Wall Street indexes have had a volatile start to March after the latest economic data pointed to rising raw material costs and a resilient labor market, while signaling that the U.S. central bank was yet to see the desired impact of its policy tightening measures on inflation.
The U.S. 10-year Treasury yield US10YT=RR fell on Friday after touching a four-month high in the previous session but stayed above the 4% level. US/
"What is driving the optimism despite the new data we received in contrast to January, is investors are still open for the next Fed meeting to come up with a 25 basis point hike," said Guido Petrelli, chief executive officer of Merlin Investor.
"The volatile market will continue in March until we get consistent data in terms of the economy slowing down but not open up worries of a recession."
Offering respite to stock markets on Thursday, Atlanta Fed President Raphael Bostic said the impact of higher rates on the economy might only begin to "bite" in earnest this spring, an argument for the Fed to stick with "steady" quarter-point rate increases.
Hawkish comments from Fed policymakers and recent economic data have pushed traders to price in at least three more 25 basis point rate hikes this year and see interest rates peaking at 5.43% by September from the current 4.66%. FEDWATCH
The odds of a bigger 50 basis point rate hike in March stood at just 20% but investors are awaiting monthly payrolls and consumer prices data to see if the Fed will go big later this month.
The Institute for Supply Management's survey, due at 10:00 a.m. ET, is expected to show that a gauge of services sector activity in February eased to 54.5 in February from 55.2 in January.
Central bank officials including Bostic and Fed Dallas President Lorie Logan are scheduled to speak later in the day.
At 7:40 a.m. ET, Dow e-minis 1YMcv1 were up 82 points, or 0.25%, S&P 500 e-minis EScv1 were up 13 points, or 0.33%, and Nasdaq 100 e-minis NQcv1 were up 35 points, or 0.29%.
Dell Technologies Inc DELL.N slipped 2.9% in premarket trading after it forecast current-quarter revenue and profit below Wall Street estimates, hit by an ongoing demand slump in its PC business.
Marvell Technology Inc MRVL.Oslid 8.2% after the semiconductor maker provided first-quarter profit and revenue forecasts that fell short of analysts' estimates.
Hewlett Packard Enterprise HPE.N rose 2.3% after the laptop maker gave an upbeat full-year earnings forecast.
(Reporting by Sruthi Shankar in Bengaluru; Editing by Anil D'Silva)
((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2787;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Yields slip after rally Focus on ISM services sector data Dell slips as forecast disappoints Futures up: Dow 0.25%, S&P 0.33%, Nasdaq 0.29% Adds analyst's comment, updates prices March 3 (Reuters) - U.S. stock index futures rose on Friday as Treasury yields took a breather from a week-long rally that was sparked by worries that the Federal Reserve would keep interest rates higher for longer to tame stubborn inflation. Dell Technologies Inc DELL.N slipped 2.9% in premarket trading after it forecast current-quarter revenue and profit below Wall Street estimates, hit by an ongoing demand slump in its PC business. Wall Street indexes have had a volatile start to March after the latest economic data pointed to rising raw material costs and a resilient labor market, while signaling that the U.S. central bank was yet to see the desired impact of its policy tightening measures on inflation.
|
Yields slip after rally Focus on ISM services sector data Dell slips as forecast disappoints Futures up: Dow 0.25%, S&P 0.33%, Nasdaq 0.29% Adds analyst's comment, updates prices March 3 (Reuters) - U.S. stock index futures rose on Friday as Treasury yields took a breather from a week-long rally that was sparked by worries that the Federal Reserve would keep interest rates higher for longer to tame stubborn inflation. Dell Technologies Inc DELL.N slipped 2.9% in premarket trading after it forecast current-quarter revenue and profit below Wall Street estimates, hit by an ongoing demand slump in its PC business. Offering respite to stock markets on Thursday, Atlanta Fed President Raphael Bostic said the impact of higher rates on the economy might only begin to "bite" in earnest this spring, an argument for the Fed to stick with "steady" quarter-point rate increases.
|
Yields slip after rally Focus on ISM services sector data Dell slips as forecast disappoints Futures up: Dow 0.25%, S&P 0.33%, Nasdaq 0.29% Adds analyst's comment, updates prices March 3 (Reuters) - U.S. stock index futures rose on Friday as Treasury yields took a breather from a week-long rally that was sparked by worries that the Federal Reserve would keep interest rates higher for longer to tame stubborn inflation. Dell Technologies Inc DELL.N slipped 2.9% in premarket trading after it forecast current-quarter revenue and profit below Wall Street estimates, hit by an ongoing demand slump in its PC business. Offering respite to stock markets on Thursday, Atlanta Fed President Raphael Bostic said the impact of higher rates on the economy might only begin to "bite" in earnest this spring, an argument for the Fed to stick with "steady" quarter-point rate increases.
|
Yields slip after rally Focus on ISM services sector data Dell slips as forecast disappoints Futures up: Dow 0.25%, S&P 0.33%, Nasdaq 0.29% Adds analyst's comment, updates prices March 3 (Reuters) - U.S. stock index futures rose on Friday as Treasury yields took a breather from a week-long rally that was sparked by worries that the Federal Reserve would keep interest rates higher for longer to tame stubborn inflation. Dell Technologies Inc DELL.N slipped 2.9% in premarket trading after it forecast current-quarter revenue and profit below Wall Street estimates, hit by an ongoing demand slump in its PC business. Hawkish comments from Fed policymakers and recent economic data have pushed traders to price in at least three more 25 basis point rate hikes this year and see interest rates peaking at 5.43% by September from the current 4.66%.
|
4681a8b3-3fe3-4dd0-b41c-35e3dd27cf90
|
725551.0
|
2023-03-03 00:00:00 UTC
|
Notable Friday Option Activity: PINS, DELL, ROKU
|
DELL
|
https://www.nasdaq.com/articles/notable-friday-option-activity%3A-pins-dell-roku
|
nan
|
nan
|
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Pinterest Inc (Symbol: PINS), where a total volume of 67,135 contracts has been traded thus far today, a contract volume which is representative of approximately 6.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 44% of PINS's average daily trading volume over the past month, of 15.3 million shares. Especially high volume was seen for the $26.50 strike call option expiring March 10, 2023, with 6,867 contracts trading so far today, representing approximately 686,700 underlying shares of PINS. Below is a chart showing PINS's trailing twelve month trading history, with the $26.50 strike highlighted in orange:
Dell Technologies Inc (Symbol: DELL) saw options trading volume of 17,298 contracts, representing approximately 1.7 million underlying shares or approximately 42.9% of DELL's average daily trading volume over the past month, of 4.0 million shares. Especially high volume was seen for the $35 strike put option expiring April 21, 2023, with 2,045 contracts trading so far today, representing approximately 204,500 underlying shares of DELL. Below is a chart showing DELL's trailing twelve month trading history, with the $35 strike highlighted in orange:
And Roku Inc (Symbol: ROKU) saw options trading volume of 43,150 contracts, representing approximately 4.3 million underlying shares or approximately 42.7% of ROKU's average daily trading volume over the past month, of 10.1 million shares. Especially high volume was seen for the $64 strike put option expiring March 03, 2023, with 4,118 contracts trading so far today, representing approximately 411,800 underlying shares of ROKU. Below is a chart showing ROKU's trailing twelve month trading history, with the $64 strike highlighted in orange:
For the various different available expirations for PINS options, DELL options, or ROKU options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
DIDI Videos
HQI Insider Buying
NIHD shares outstanding history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Especially high volume was seen for the $35 strike put option expiring April 21, 2023, with 2,045 contracts trading so far today, representing approximately 204,500 underlying shares of DELL. Below is a chart showing PINS's trailing twelve month trading history, with the $26.50 strike highlighted in orange: Dell Technologies Inc (Symbol: DELL) saw options trading volume of 17,298 contracts, representing approximately 1.7 million underlying shares or approximately 42.9% of DELL's average daily trading volume over the past month, of 4.0 million shares. Below is a chart showing DELL's trailing twelve month trading history, with the $35 strike highlighted in orange: And Roku Inc (Symbol: ROKU) saw options trading volume of 43,150 contracts, representing approximately 4.3 million underlying shares or approximately 42.7% of ROKU's average daily trading volume over the past month, of 10.1 million shares.
|
Below is a chart showing PINS's trailing twelve month trading history, with the $26.50 strike highlighted in orange: Dell Technologies Inc (Symbol: DELL) saw options trading volume of 17,298 contracts, representing approximately 1.7 million underlying shares or approximately 42.9% of DELL's average daily trading volume over the past month, of 4.0 million shares. Below is a chart showing DELL's trailing twelve month trading history, with the $35 strike highlighted in orange: And Roku Inc (Symbol: ROKU) saw options trading volume of 43,150 contracts, representing approximately 4.3 million underlying shares or approximately 42.7% of ROKU's average daily trading volume over the past month, of 10.1 million shares. Especially high volume was seen for the $35 strike put option expiring April 21, 2023, with 2,045 contracts trading so far today, representing approximately 204,500 underlying shares of DELL.
|
Below is a chart showing PINS's trailing twelve month trading history, with the $26.50 strike highlighted in orange: Dell Technologies Inc (Symbol: DELL) saw options trading volume of 17,298 contracts, representing approximately 1.7 million underlying shares or approximately 42.9% of DELL's average daily trading volume over the past month, of 4.0 million shares. Below is a chart showing DELL's trailing twelve month trading history, with the $35 strike highlighted in orange: And Roku Inc (Symbol: ROKU) saw options trading volume of 43,150 contracts, representing approximately 4.3 million underlying shares or approximately 42.7% of ROKU's average daily trading volume over the past month, of 10.1 million shares. Especially high volume was seen for the $35 strike put option expiring April 21, 2023, with 2,045 contracts trading so far today, representing approximately 204,500 underlying shares of DELL.
|
Below is a chart showing PINS's trailing twelve month trading history, with the $26.50 strike highlighted in orange: Dell Technologies Inc (Symbol: DELL) saw options trading volume of 17,298 contracts, representing approximately 1.7 million underlying shares or approximately 42.9% of DELL's average daily trading volume over the past month, of 4.0 million shares. Especially high volume was seen for the $35 strike put option expiring April 21, 2023, with 2,045 contracts trading so far today, representing approximately 204,500 underlying shares of DELL. Below is a chart showing DELL's trailing twelve month trading history, with the $35 strike highlighted in orange: And Roku Inc (Symbol: ROKU) saw options trading volume of 43,150 contracts, representing approximately 4.3 million underlying shares or approximately 42.7% of ROKU's average daily trading volume over the past month, of 10.1 million shares.
|
72eb1fe6-ced4-4af1-93a1-4bccfae70d44
|
725552.0
|
2023-03-03 00:00:00 UTC
|
Dell Technologies (DELL) Reports Q4 Earnings: What Key Metrics Have to Say
|
DELL
|
https://www.nasdaq.com/articles/dell-technologies-dell-reports-q4-earnings%3A-what-key-metrics-have-to-say
|
nan
|
nan
|
For the quarter ended January 2023, Dell Technologies (DELL) reported revenue of $25.04 billion, down 10.6% over the same period last year. EPS came in at $1.80, compared to $1.72 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $22.82 billion, representing a surprise of +9.74%. The company delivered an EPS surprise of +9.76%, with the consensus EPS estimate being $1.64.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Dell Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Revenue- Client Solutions Group: $13.36 billion versus $12.89 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -22.9% change.
Net Revenue- Infrastructure Solutions Group: $9.91 billion versus $9.26 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +7.4% change.
Net Revenue- Other Businesses: $1.77 billion versus $1.48 billion estimated by three analysts on average.
Net Revenue- Client Solutions Group- Consumer: $2.66 billion versus $2.77 billion estimated by three analysts on average.
Net Revenue- Infrastructure Solutions Group- Storage: $4.97 billion versus the three-analyst average estimate of $4.86 billion.
Net Revenue- Client Solutions Group- Commercial: $10.70 billion compared to the $10.12 billion average estimate based on three analysts.
Net Revenue- Infrastructure Solutions Group- Servers and Networking: $4.94 billion compared to the $4.40 billion average estimate based on three analysts.
View all Key Company Metrics for Dell Technologies here>>>
Shares of Dell Technologies have returned -1.9% over the past month versus the Zacks S&P 500 composite's -3.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Shares of Dell Technologies have returned -1.9% over the past month versus the Zacks S&P 500 composite's -3.9% change. For the quarter ended January 2023, Dell Technologies (DELL) reported revenue of $25.04 billion, down 10.6% over the same period last year. Here is how Dell Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Revenue- Client Solutions Group: $13.36 billion versus $12.89 billion estimated by three analysts on average.
|
Here is how Dell Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Revenue- Client Solutions Group: $13.36 billion versus $12.89 billion estimated by three analysts on average. For the quarter ended January 2023, Dell Technologies (DELL) reported revenue of $25.04 billion, down 10.6% over the same period last year. View all Key Company Metrics for Dell Technologies here>>>
|
Here is how Dell Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Revenue- Client Solutions Group: $13.36 billion versus $12.89 billion estimated by three analysts on average. For the quarter ended January 2023, Dell Technologies (DELL) reported revenue of $25.04 billion, down 10.6% over the same period last year. View all Key Company Metrics for Dell Technologies here>>>
|
Here is how Dell Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Revenue- Client Solutions Group: $13.36 billion versus $12.89 billion estimated by three analysts on average. View all Key Company Metrics for Dell Technologies here>>> For the quarter ended January 2023, Dell Technologies (DELL) reported revenue of $25.04 billion, down 10.6% over the same period last year.
|
6a2dfc11-bf15-4839-9f83-a90f3e1ada78
|
725553.0
|
2023-03-03 00:00:00 UTC
|
US STOCKS-Wall Street climbs as yields pull back
|
DELL
|
https://www.nasdaq.com/articles/us-stocks-wall-street-climbs-as-yields-pull-back
|
nan
|
nan
|
By Sruthi Shankar and Shristi Achar A
March 3 (Reuters) - U.S. stocks rose on Friday as Treasury yields took a breather from a week-long rally that was sparked by worries that the Federal Reserve would keep interest rates higher for longer to tame stubborn inflation.
Wall Street indexes have had a volatile start to March after the latest economic data pointed to rising raw material costs and a resilient labor market, while signaling that the U.S. central bank was yet to see the desired impact of its policy tightening measures on inflation.
The U.S. 10-year Treasury yield US10YT=RR fell on Friday after touching a four-month high in the previous session but stayed above the 4% level. US/
"What is driving the optimism despite the new data we received in contrast to January is investors are still open for the next Fed meeting to come up with a 25 basis point hike," said Guido Petrelli, chief executive officer of Merlin Investor.
Offering respite to stock markets on Thursday, Atlanta Fed President Raphael Bostic said the impact of higher rates on the economy might only begin to "bite" in earnest this spring, an argument for the Fed to stick with "steady" quarter-point rate increases.
Hawkish comments from Fed policymakers and recent economic data have pushed traders to price in at least three more 25 basis point rate hikes this year and see interest rates peaking at 5.43% by September from the current 4.66%. FEDWATCH
The odds of a bigger 50 basis point rate hike in March stood at just 20% but investors are awaiting monthly payrolls and consumer prices data to see if the Fed will go big later this month.
The Institute for Supply Management's survey, due at 10:00 a.m. ET, is expected to show that a gauge of services sector activity in February eased to 54.5 in February from 55.2 in January.
Central bank officials including Bostic and Fed Dallas President Lorie Logan are scheduled to speak later in the day.
Nine of the 11 major S&P sectors were higher, with communication services .SPLRCL and technology .SPLRCT indexes leading gains.
Dell Technologies Inc DELL.N slipped 0.9% after it forecast current-quarter revenue and profit below Wall Street estimates, hit by an ongoing demand slump in its PC business.
Marvell Technology Inc MRVL.O slid 9% after the semiconductor maker reported lower-than-expected first-quarter profit and forecasts revenue below analysts' estimates.
Hewlett Packard Enterprise HPE.N rose 2.1% after the laptop maker gave an upbeat full-year earnings forecast.
Broadcom Inc AVGO.O rose 4.3% after the chipmaker forecast second-quarter revenue above analysts' estimates as increased investments in AI spurred demand for chips.
Advancing issues outnumbered decliners by a 2.98-to-1 ratio on the NYSE and 1.67-to-1 ratio on the Nasdaq.
The S&P index recorded 14 new 52-week highs and two new lows, while the Nasdaq recorded 36 new highs and 18 new lows.
(Reporting by Sruthi Shankar in Bengaluru; Editing by Anil D'Silva)
((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2787;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Dell Technologies Inc DELL.N slipped 0.9% after it forecast current-quarter revenue and profit below Wall Street estimates, hit by an ongoing demand slump in its PC business. By Sruthi Shankar and Shristi Achar A March 3 (Reuters) - U.S. stocks rose on Friday as Treasury yields took a breather from a week-long rally that was sparked by worries that the Federal Reserve would keep interest rates higher for longer to tame stubborn inflation. Wall Street indexes have had a volatile start to March after the latest economic data pointed to rising raw material costs and a resilient labor market, while signaling that the U.S. central bank was yet to see the desired impact of its policy tightening measures on inflation.
|
Dell Technologies Inc DELL.N slipped 0.9% after it forecast current-quarter revenue and profit below Wall Street estimates, hit by an ongoing demand slump in its PC business. Offering respite to stock markets on Thursday, Atlanta Fed President Raphael Bostic said the impact of higher rates on the economy might only begin to "bite" in earnest this spring, an argument for the Fed to stick with "steady" quarter-point rate increases. FEDWATCH The odds of a bigger 50 basis point rate hike in March stood at just 20% but investors are awaiting monthly payrolls and consumer prices data to see if the Fed will go big later this month.
|
Dell Technologies Inc DELL.N slipped 0.9% after it forecast current-quarter revenue and profit below Wall Street estimates, hit by an ongoing demand slump in its PC business. By Sruthi Shankar and Shristi Achar A March 3 (Reuters) - U.S. stocks rose on Friday as Treasury yields took a breather from a week-long rally that was sparked by worries that the Federal Reserve would keep interest rates higher for longer to tame stubborn inflation. Offering respite to stock markets on Thursday, Atlanta Fed President Raphael Bostic said the impact of higher rates on the economy might only begin to "bite" in earnest this spring, an argument for the Fed to stick with "steady" quarter-point rate increases.
|
Dell Technologies Inc DELL.N slipped 0.9% after it forecast current-quarter revenue and profit below Wall Street estimates, hit by an ongoing demand slump in its PC business. The U.S. 10-year Treasury yield US10YT=RR fell on Friday after touching a four-month high in the previous session but stayed above the 4% level. Hawkish comments from Fed policymakers and recent economic data have pushed traders to price in at least three more 25 basis point rate hikes this year and see interest rates peaking at 5.43% by September from the current 4.66%.
|
1db55825-ea7b-462f-9f42-6dbe365a3a28
|
725554.0
|
2023-03-03 00:00:00 UTC
|
US STOCKS-Futures rise as yields retreat from highs
|
DELL
|
https://www.nasdaq.com/articles/us-stocks-futures-rise-as-yields-retreat-from-highs
|
nan
|
nan
|
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.
Futures up: Dow 0.22%, S&P 0.31%, Nasdaq 0.36%
March 3 (Reuters) - U.S. stock index futures inched higher on Friday as Treasury yields took a breather from a week-long rally, which was sparked by worries that the Federal Reserve would keep interest rates higher for longer to tame stubborn inflation.
Wall Street indexes have had a volatile start to March after the latest economic data pointed to rising raw material costs and a resilient labor market, while signaling that the U.S. central bank was yet to see the desired impact of its policy tightening measures on inflation.
The U.S. 10-year Treasury yield US10YT=RR fell on Friday after touching a four-month high in the previous session but stayed above the 4% level. US/
Offering some respite to stock markets on Thursday, Atlanta Fed President Raphael Bostic said the impact of higher rates on the economy might only begin to "bite" in earnest this spring, an argument for the Fed to stick with "steady" quarter-point rate increases.
Hawkish comments from Fed policymakers and the latest batch of economic data have pushed traders to price in at least three more 25 basis point rate hikes this year and see interest rates peaking at 5.43% by September from the current 4.66%. FEDWATCH
The odds of a bigger 50 basis point rate hike in March stood at just 20% but investors are awaiting monthly payrolls and consumer prices data to see if the Fed will go big later this month.
The Institute for Supply Management's survey, due at 10:00 a.m. ET, is expected to show that a gauge of services sector activity in February eased to 54.5 in February from 55.2 in January.
Central bank officials including Bostic and Fed Dallas President Lorie Logan are scheduled to speak later in the day.
At 06:17 a.m. ET, Dow e-minis 1YMcv1 were up 72 points, or 0.22%, S&P 500 e-minis EScv1 were up 12.5 points, or 0.31%, and Nasdaq 100 e-minis NQcv1 were up 43.75 points, or 0.36%.
Dell Technologies Inc DELL.N slipped 3.3% in premarket trading after it forecast current-quarter revenue and profit below Wall Street estimates, hit by an ongoing demand slump in its PC business.
Semiconductor maker Marvell Technology Inc MRVL.O fell 8.6% after its first-quarter profit and revenue forecast fell short of analysts' estimates.
Hewlett Packard Enterprise HPE.N rose 2.6% after the laptop maker gave an upbeat full-year earnings forecast.
(Reporting by Sruthi Shankar in Bengaluru; Editing by Anil D'Silva)
((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2787;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Dell Technologies Inc DELL.N slipped 3.3% in premarket trading after it forecast current-quarter revenue and profit below Wall Street estimates, hit by an ongoing demand slump in its PC business. Wall Street indexes have had a volatile start to March after the latest economic data pointed to rising raw material costs and a resilient labor market, while signaling that the U.S. central bank was yet to see the desired impact of its policy tightening measures on inflation. Central bank officials including Bostic and Fed Dallas President Lorie Logan are scheduled to speak later in the day.
|
Dell Technologies Inc DELL.N slipped 3.3% in premarket trading after it forecast current-quarter revenue and profit below Wall Street estimates, hit by an ongoing demand slump in its PC business. Futures up: Dow 0.22%, S&P 0.31%, Nasdaq 0.36% March 3 (Reuters) - U.S. stock index futures inched higher on Friday as Treasury yields took a breather from a week-long rally, which was sparked by worries that the Federal Reserve would keep interest rates higher for longer to tame stubborn inflation. US/ Offering some respite to stock markets on Thursday, Atlanta Fed President Raphael Bostic said the impact of higher rates on the economy might only begin to "bite" in earnest this spring, an argument for the Fed to stick with "steady" quarter-point rate increases.
|
Dell Technologies Inc DELL.N slipped 3.3% in premarket trading after it forecast current-quarter revenue and profit below Wall Street estimates, hit by an ongoing demand slump in its PC business. Futures up: Dow 0.22%, S&P 0.31%, Nasdaq 0.36% March 3 (Reuters) - U.S. stock index futures inched higher on Friday as Treasury yields took a breather from a week-long rally, which was sparked by worries that the Federal Reserve would keep interest rates higher for longer to tame stubborn inflation. US/ Offering some respite to stock markets on Thursday, Atlanta Fed President Raphael Bostic said the impact of higher rates on the economy might only begin to "bite" in earnest this spring, an argument for the Fed to stick with "steady" quarter-point rate increases.
|
Dell Technologies Inc DELL.N slipped 3.3% in premarket trading after it forecast current-quarter revenue and profit below Wall Street estimates, hit by an ongoing demand slump in its PC business. US/ Offering some respite to stock markets on Thursday, Atlanta Fed President Raphael Bostic said the impact of higher rates on the economy might only begin to "bite" in earnest this spring, an argument for the Fed to stick with "steady" quarter-point rate increases. Hawkish comments from Fed policymakers and the latest batch of economic data have pushed traders to price in at least three more 25 basis point rate hikes this year and see interest rates peaking at 5.43% by September from the current 4.66%.
|
00eb9aa1-b8b4-4b6e-9440-505e5a55e14b
|
725555.0
|
2023-03-02 00:00:00 UTC
|
Dell results beat on server, network demand; CFO to retire
|
DELL
|
https://www.nasdaq.com/articles/dell-results-beat-on-server-network-demand-cfo-to-retire
|
nan
|
nan
|
Adds CFO retirement, shares
March 2 (Reuters) - Dell Technologies Inc DELL.N on Thursday beat estimates for quarterly revenue and profit on strong demand for servers and network equipment that more than offset declines in the core PC segment, sending its shares up nearly 6% in extended trading.
The PC-maker also said finance chief Tom Sweet, 63, would retire this year. Sweet, who took on the role in 2014, will be succeeded by company veteran Yvonne McGill, Dell said.
Rising borrowing costs and lower consumer spending have hit Dell's growth, as customers and businesses delay their system upgrades.
Total revenue fell 11% to $25.04 billion in the fourth quarter ended Feb. 3, but came above the Refinitiv consensus estimate of $23.39 billion drawn from 12 analysts.
But storage and server demand has remained a bright spot, thanks to the ongoing digitization by corporates and the shift to hybrid work.
Revenue in the company's infrastructure solutions group, which includes servers, storage devices and networking hardware, rose 7% in the quarter. Meanwhile, revenue from the commercial and consumer units, which indicate PC demand, was down 17% and 40%, respectively.
Lifting of lockdowns in China, a key market as well a dominant supplier of electronics components, is being seen as a positive for PC makers, and it will help them rein in costs amid a sobering economic outlook.
In early February, Dell said it will cut over 6,000 jobs to reduce costs and ride out the demand downturn wrought by high inflation and rising interest rates. The company took a related charge of $367 million in the fourth quarter.
Dell's net income from continuing operations stood at $606 million in the reported quarter, compared with a loss of $29 million a year earlier.
Excluding items, Dell earned $1.80 per share, beating estimates of $1.63 per share.
(Reporting by Eva Mathews in Bengaluru; Editing by Maju Samuel and Shinjini Ganguli)
((Eva.Mathews@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Rising borrowing costs and lower consumer spending have hit Dell's growth, as customers and businesses delay their system upgrades. In early February, Dell said it will cut over 6,000 jobs to reduce costs and ride out the demand downturn wrought by high inflation and rising interest rates. Adds CFO retirement, shares March 2 (Reuters) - Dell Technologies Inc DELL.N on Thursday beat estimates for quarterly revenue and profit on strong demand for servers and network equipment that more than offset declines in the core PC segment, sending its shares up nearly 6% in extended trading.
|
Adds CFO retirement, shares March 2 (Reuters) - Dell Technologies Inc DELL.N on Thursday beat estimates for quarterly revenue and profit on strong demand for servers and network equipment that more than offset declines in the core PC segment, sending its shares up nearly 6% in extended trading. Excluding items, Dell earned $1.80 per share, beating estimates of $1.63 per share. Sweet, who took on the role in 2014, will be succeeded by company veteran Yvonne McGill, Dell said.
|
Adds CFO retirement, shares March 2 (Reuters) - Dell Technologies Inc DELL.N on Thursday beat estimates for quarterly revenue and profit on strong demand for servers and network equipment that more than offset declines in the core PC segment, sending its shares up nearly 6% in extended trading. Dell's net income from continuing operations stood at $606 million in the reported quarter, compared with a loss of $29 million a year earlier. Sweet, who took on the role in 2014, will be succeeded by company veteran Yvonne McGill, Dell said.
|
Adds CFO retirement, shares March 2 (Reuters) - Dell Technologies Inc DELL.N on Thursday beat estimates for quarterly revenue and profit on strong demand for servers and network equipment that more than offset declines in the core PC segment, sending its shares up nearly 6% in extended trading. Sweet, who took on the role in 2014, will be succeeded by company veteran Yvonne McGill, Dell said. Rising borrowing costs and lower consumer spending have hit Dell's growth, as customers and businesses delay their system upgrades.
|
af00f56a-1d5e-42bf-b5da-7ff239daa7af
|
725556.0
|
2023-03-02 00:00:00 UTC
|
Dell Technologies CFO Tom Sweet To Retire
|
DELL
|
https://www.nasdaq.com/articles/dell-technologies-cfo-tom-sweet-to-retire
|
nan
|
nan
|
(RTTNews) - Dell Technologies (DELL) Thursday announced Chief Financial Officer Tom Sweet will retire from the company at the end of second quarter of 2024.
The company has named Yvonne McGill, currently corporate controller, its new CFO effective the start of third quarter of fiscal 2024.
Sweet and McGill will work together over the next two quarters to ensure a seamless transition, the company said in a statement.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
(RTTNews) - Dell Technologies (DELL) Thursday announced Chief Financial Officer Tom Sweet will retire from the company at the end of second quarter of 2024. The company has named Yvonne McGill, currently corporate controller, its new CFO effective the start of third quarter of fiscal 2024. Sweet and McGill will work together over the next two quarters to ensure a seamless transition, the company said in a statement.
|
(RTTNews) - Dell Technologies (DELL) Thursday announced Chief Financial Officer Tom Sweet will retire from the company at the end of second quarter of 2024. Sweet and McGill will work together over the next two quarters to ensure a seamless transition, the company said in a statement. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
(RTTNews) - Dell Technologies (DELL) Thursday announced Chief Financial Officer Tom Sweet will retire from the company at the end of second quarter of 2024. The company has named Yvonne McGill, currently corporate controller, its new CFO effective the start of third quarter of fiscal 2024. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
(RTTNews) - Dell Technologies (DELL) Thursday announced Chief Financial Officer Tom Sweet will retire from the company at the end of second quarter of 2024. The company has named Yvonne McGill, currently corporate controller, its new CFO effective the start of third quarter of fiscal 2024. Sweet and McGill will work together over the next two quarters to ensure a seamless transition, the company said in a statement.
|
8688fcf5-84a5-4280-ae27-ba0e5cf34eb6
|
725557.0
|
2023-03-02 00:00:00 UTC
|
After-Hours Earnings Report for March 2, 2023 : AVGO, COST, VMW, MRVL, HPE, ZS, COO, DELL, ESTC, CHPT, VSCO, JWN
|
DELL
|
https://www.nasdaq.com/articles/after-hours-earnings-report-for-march-2-2023-%3A-avgo-cost-vmw-mrvl-hpe-zs-coo-dell-estc
|
nan
|
nan
|
The following companies are expected to report earnings after hours on 03/02/2023. Visit our Earnings Calendar for a full list of expected earnings releases.
Broadcom Inc. (AVGO)is reporting for the quarter ending January 31, 2023. The electric company company's consensus earnings per share forecast from the 10 analysts that follow the stock is $9.38. This value represents a 22.14% increase compared to the same quarter last year. In the past year AVGO has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 2.63%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for AVGO is 15.92 vs. an industry ratio of 71.20.
Costco Wholesale Corporation (COST)is reporting for the quarter ending February 28, 2023. The discount retail company's consensus earnings per share forecast from the 13 analysts that follow the stock is $3.20. This value represents a 9.59% increase compared to the same quarter last year. COST missed the consensus earnings per share in the 4th calendar quarter of 2022 by -1.27%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for COST is 33.54 vs. an industry ratio of 24.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Vmware, Inc. (VMW)is reporting for the quarter ending January 31, 2023. The computer software company's consensus earnings per share forecast from the 5 analysts that follow the stock is $1.36. This value represents a 2.86% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for VMW is 27.87 vs. an industry ratio of 36.00.
Marvell Technology, Inc. (MRVL)is reporting for the quarter ending January 31, 2023. The technology services company's consensus earnings per share forecast from the 12 analysts that follow the stock is $0.31. This value represents a 11.43% decrease compared to the same quarter last year. MRVL missed the consensus earnings per share in the 4th calendar quarter of 2022 by -4.65%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for MRVL is 30.24 vs. an industry ratio of -12.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Hewlett Packard Enterprise Company (HPE)is reporting for the quarter ending January 31, 2023. The computer company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.38. This value represents a 2.56% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for HPE is 10.72 vs. an industry ratio of 21.80.
Zscaler, Inc. (ZS)is reporting for the quarter ending January 31, 2023. The internet services company's consensus earnings per share forecast from the 10 analysts that follow the stock is $-0.43. This value represents a 28.33% increase compared to the same quarter last year. ZS missed the consensus earnings per share in the 1st calendar quarter of 2022 by -5.26%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for ZS is -76.00 vs. an industry ratio of 17.20.
The Cooper Companies, Inc. (COO)is reporting for the quarter ending January 31, 2023. The medical/dental supplies company's consensus earnings per share forecast from the 8 analysts that follow the stock is $2.66. This value represents a 17.90% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for COO is 25.95 vs. an industry ratio of 24.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Dell Technologies Inc. (DELL)is reporting for the quarter ending January 31, 2023. The information technology services company's consensus earnings per share forecast from the 6 analysts that follow the stock is $1.38. This value represents a 19.77% decrease compared to the same quarter last year. DELL missed the consensus earnings per share in the 1st calendar quarter of 2022 by -11.79%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DELL is 6.30 vs. an industry ratio of 8.40.
Elastic N.V. (ESTC)is reporting for the quarter ending January 31, 2023. The technology services company's consensus earnings per share forecast from the 8 analysts that follow the stock is $-0.39. This value represents a 26.42% increase compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for ESTC is -30.23 vs. an industry ratio of -12.30.
ChargePoint Holdings, Inc. (CHPT)is reporting for the quarter ending January 31, 2023. The auto (truck) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $-0.22. This value represents a 15.38% increase compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for CHPT is -11.31 vs. an industry ratio of 6.50.
Victorias Secret & Co. (VSCO)is reporting for the quarter ending January 31, 2023. The leisure (recreational) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $2.33. This value represents a 13.70% decrease compared to the same quarter last year. In the past year VSCO has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 26.09%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for VSCO is 7.98 vs. an industry ratio of 19.60.
Nordstrom, Inc. (JWN)is reporting for the quarter ending January 31, 2023. The retail (shoe) company's consensus earnings per share forecast from the 11 analysts that follow the stock is $0.65. This value represents a 47.15% decrease compared to the same quarter last year. In the past year JWN has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 42.86%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for JWN is 11.80 vs. an industry ratio of 10.10, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Dell Technologies Inc. (DELL)is reporting for the quarter ending January 31, 2023. DELL missed the consensus earnings per share in the 1st calendar quarter of 2022 by -11.79%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DELL is 6.30 vs. an industry ratio of 8.40.
|
Dell Technologies Inc. (DELL)is reporting for the quarter ending January 31, 2023. DELL missed the consensus earnings per share in the 1st calendar quarter of 2022 by -11.79%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DELL is 6.30 vs. an industry ratio of 8.40.
|
Dell Technologies Inc. (DELL)is reporting for the quarter ending January 31, 2023. DELL missed the consensus earnings per share in the 1st calendar quarter of 2022 by -11.79%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DELL is 6.30 vs. an industry ratio of 8.40.
|
Dell Technologies Inc. (DELL)is reporting for the quarter ending January 31, 2023. DELL missed the consensus earnings per share in the 1st calendar quarter of 2022 by -11.79%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DELL is 6.30 vs. an industry ratio of 8.40.
|
b4d91732-8e60-4189-92b6-330098df3e7a
|
725558.0
|
2023-03-02 00:00:00 UTC
|
Validea Guru Fundamental Report for DELL - 3/2/2023
|
DELL
|
https://www.nasdaq.com/articles/validea-guru-fundamental-report-for-dell-3-2-2023
|
nan
|
nan
|
Below is Validea's guru fundamental report for DELL TECHNOLOGIES INC (DELL). Of the 22 guru strategies we follow, DELL rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. This strategy looks for companies returning cash to shareholders via dividends, buybacks and debt paydown.
DELL TECHNOLOGIES INC (DELL) is a large-cap growth stock in the Computer Hardware industry. The rating using this strategy is 95% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
UNIVERSE: PASS
NET PAYOUT YIELD: PASS
QUALITY AND DEBT: PASS
VALUATION: PASS
RELATIVE STRENGTH: PASS
SHAREHOLDER YIELD: PASS
Detailed Analysis of DELL TECHNOLOGIES INC
DELL Guru Analysis
DELL Fundamental Analysis
More Information on Meb Faber
Meb Faber Portfolio
About Meb Faber: Meb Faber is the founder of Cambria Investments. His research has covered a wide spectrum of the investment world, including topics like shareholder yield, trend following, global asset allocation and home country bias. His shareholder yield strategy, which is based on his book "Shareholder Yield" and forms the basis for an ETF of the same name, looks for companies that are focused on creating value for shareholders by returning cash to them in the form of dividends, share buybacks and debt paydown. Meb is also the author of 4 other books and numerous white papers on investing related topics.
Additional Research Links
Factor-Based Stock Portfolios
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Below is Validea's guru fundamental report for DELL TECHNOLOGIES INC (DELL). Of the 22 guru strategies we follow, DELL rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. DELL TECHNOLOGIES INC (DELL) is a large-cap growth stock in the Computer Hardware industry.
|
Of the 22 guru strategies we follow, DELL rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. Detailed Analysis of DELL TECHNOLOGIES INC DELL Guru Analysis DELL Fundamental Analysis More Information on Meb Faber Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments. Below is Validea's guru fundamental report for DELL TECHNOLOGIES INC (DELL).
|
Of the 22 guru strategies we follow, DELL rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. Detailed Analysis of DELL TECHNOLOGIES INC DELL Guru Analysis DELL Fundamental Analysis More Information on Meb Faber Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments. Below is Validea's guru fundamental report for DELL TECHNOLOGIES INC (DELL).
|
Below is Validea's guru fundamental report for DELL TECHNOLOGIES INC (DELL). Detailed Analysis of DELL TECHNOLOGIES INC DELL Guru Analysis DELL Fundamental Analysis More Information on Meb Faber Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments. Of the 22 guru strategies we follow, DELL rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber.
|
105a965d-f44f-4033-b248-cc73d5d9225b
|
725559.0
|
2023-02-28 00:00:00 UTC
|
Dell Technologies (DELL) to Post Q4 Earnings: What's in Store?
|
DELL
|
https://www.nasdaq.com/articles/dell-technologies-dell-to-post-q4-earnings%3A-whats-in-store-0
|
nan
|
nan
|
Dell Technologies DELL is set to report its fourth-quarter fiscal 2023 results on Mar 2.
Dell expects fiscal fourth-quarter revenues of $23-$24 billion, suggesting a 16% decline on a year-over-year basis at the mid-point. Earnings are expected between $1.50 and $1.80 per share, indicating a 4% decline on a year-over-year basis at the mid-point.
The Zacks Consensus Estimate for revenues is pegged at $22.82 billion, suggesting an 18.51% decline from the figure reported in the year-ago quarter.
The consensus mark for quarterly earnings is pegged at $1.64 per share, indicating a 4.65% decline from the year-ago quarter’s reported figure. The consensus estimate for earnings has declined 1.8% in the past 30 days.
Dell's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed in the remaining one. The company delivered a trailing four-quarter earnings surprise of 17.09% on average.
Dell Technologies Inc. Price and EPS Surprise
Dell Technologies Inc. price-eps-surprise | Dell Technologies Inc. Quote
Let's see how things have shaped up for DELL before this announcement.
Factors to Watch
Dell is expected to have benefited from the ongoing digital transformation and strong demand environment in the to-be-reported quarter.
However, unfavorable foreign exchange is expected to have been a headwind. Dell expects a 500-basis-point impact on revenues.
Challenging macroeconomic conditions are expected to have hurt Infrastructure Solutions Group’s (ISG) growth in the to-be-reported quarter. IT purchase delay is expected to have hurt the top line. Dell expects ISG revenues to remain flat.
Nevertheless, Client Solutions Group revenues are expected to have suffered from declining PC demand, both in the customer and enterprise business segments.
Per Gartner, worldwide PC shipments in the fourth quarter of 2022 witnessed a year-over-year decrease of 28.5%, reaching 65.292 million units. Dell was ranked the third among all PC vendors, trailing Lenovo LNVGY and HP HPQ, but beating Apple AAPL.
This Zacks Rank #3 (Hold) company shipped 10.884 million units, witnessing a 37% year-over-year decline in the fourth quarter of 2022, per the Gartner report. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Lenovo, HP and Apple shipped 15.663 million, 13.216 million and 7.011 million units, respectively.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apple Inc. (AAPL) : Free Stock Analysis Report
HP Inc. (HPQ) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Factors to Watch Dell is expected to have benefited from the ongoing digital transformation and strong demand environment in the to-be-reported quarter. Dell Technologies DELL is set to report its fourth-quarter fiscal 2023 results on Mar 2. Dell expects fiscal fourth-quarter revenues of $23-$24 billion, suggesting a 16% decline on a year-over-year basis at the mid-point.
|
Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies DELL is set to report its fourth-quarter fiscal 2023 results on Mar 2. Dell expects fiscal fourth-quarter revenues of $23-$24 billion, suggesting a 16% decline on a year-over-year basis at the mid-point.
|
Dell Technologies Inc. Price and EPS Surprise Dell Technologies Inc. price-eps-surprise | Dell Technologies Inc. Quote Let's see how things have shaped up for DELL before this announcement. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies DELL is set to report its fourth-quarter fiscal 2023 results on Mar 2.
|
Dell expects a 500-basis-point impact on revenues. Dell Technologies DELL is set to report its fourth-quarter fiscal 2023 results on Mar 2. Dell expects fiscal fourth-quarter revenues of $23-$24 billion, suggesting a 16% decline on a year-over-year basis at the mid-point.
|
f8c96f98-5e95-4c75-a385-b29fff890c42
|
725560.0
|
2023-02-27 00:00:00 UTC
|
Is Dell Technologies (DELL) a Buy, Sell, or Hold?
|
DELL
|
https://www.nasdaq.com/articles/is-dell-technologies-dell-a-buy-sell-or-hold
|
nan
|
nan
|
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
At first glance, it might look like Dell Technologies (NYSE:DELL) stock offers a good value and dividends combo. Don’t fall headfirst into a value trap, however. Now is a time to exercise prudence as, despite the company’s foray into the cloud, Dell is likely to continue struggling amid a weak personal computer (PC) market.
Dell fared well during the post-pandemic technology boom. But then, so did a lot of publicly listed tech businesses. Many of those same companies faced a reckoning in 2022, and Dell’s investors took a sizable loss that year.
Value hunters might be tempted to invest in Dell now, but please be careful.
It might actually be a time for selling rather than buying, as much of Dell’s business comes from a tech segment that’s definitely not in growth mode.
Dell Might Not Really Be Committed to Cost-Cutting
I love a bargain as much as anyone, and I can see why some folks might be drawn to DELL stock now. Dell’s price-to-earnings (P/E) ratio of around 18x is enticing, and income earners might find it hard to resist Dell’s 3.2% dividend yield.
That’s all fine and well, but bear in mind that some stocks are cheap for a reason. Furthermore, earning 3% yield in a year won’t be much of a consolation prize if the Dell share price tumbles in 2023.
It’s certainly not a good sign that Dell is slashing around 6,650 positions, presumably as a cost-cutting effort. Is the company truly committed to reducing its expenditures, though? That’s a valid question, as Dell just spent roughly $100 million to acquire Israeli cloud-computing startup Cloudify.
Cloud Foray May Be Too Little to Save DELL Stock
Dell has to compete with cloud-market behemoths like Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL). Sorry to say it, but Dell’s venture into the cloud might not succeed and could end up costing the company millions of dollars.
Frankly, even if Dell’s move into cloud computing turns out to be successful, it probably won’t be enough to save the company from financial stress in 2023. Dell continues to rely heavily on the personal computer market, and that’s a major problem.
Per Bloomberg, 55% of Dell’s revenue comes from PCs. Unless Dell reduces that number drastically, the company is bound to deliver poor financial results. Alarmingly, International Data Corp (IDC) observed that Dell’s PC shipments plunged 37.5% during 2022’s fourth quarter.
Co-Chief Operating Officer Jeff Clarke acknowledged that, for Dell, market conditions “continue to erode with an uncertain future.” This certainly isn’t a statement that prospective investors should want to hear. Unless you’re envisioning a powerful and unexpected rebound in the PC market, it’s wise to steer clear of DELL stock.
So, Is DELL Stock a Buy, Sell, or Hold?
Should investors be enticed by Dell’s seemingly reasonable P/E ratio and decent dividend? I would say no, as despite a recent move into the cloud, Dell’s business still depends heavily on unreliable PC sales.
Therefore, I would consider DELL stock a sell in 2023. This doesn’t mean Dell is dead in the water. Maybe someday, the company can transition to a different business model. Or, the PC industry might show signs of life someday. Right now, however, Dell shares are a no-go for cautious traders.
On the date of publication, David Moadel did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
David Moadel has provided compelling content – and crossed the occasional line – on behalf of Motley Fool, Crush the Street, Market Realist, TalkMarkets, TipRanks, Benzinga, and (of course) InvestorPlace.com. He also serves as the chief analyst and market researcher for Portfolio Wealth Global and hosts the popular financial YouTube channel Looking at the Markets.
The post Is Dell Technologies (DELL) a Buy, Sell, or Hold? appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Now is a time to exercise prudence as, despite the company’s foray into the cloud, Dell is likely to continue struggling amid a weak personal computer (PC) market. Co-Chief Operating Officer Jeff Clarke acknowledged that, for Dell, market conditions “continue to erode with an uncertain future.” This certainly isn’t a statement that prospective investors should want to hear. InvestorPlace - Stock Market News, Stock Advice & Trading Tips At first glance, it might look like Dell Technologies (NYSE:DELL) stock offers a good value and dividends combo.
|
Now is a time to exercise prudence as, despite the company’s foray into the cloud, Dell is likely to continue struggling amid a weak personal computer (PC) market. Cloud Foray May Be Too Little to Save DELL Stock Dell has to compete with cloud-market behemoths like Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL). The post Is Dell Technologies (DELL) a Buy, Sell, or Hold?
|
InvestorPlace - Stock Market News, Stock Advice & Trading Tips At first glance, it might look like Dell Technologies (NYSE:DELL) stock offers a good value and dividends combo. Cloud Foray May Be Too Little to Save DELL Stock Dell has to compete with cloud-market behemoths like Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL). The post Is Dell Technologies (DELL) a Buy, Sell, or Hold?
|
InvestorPlace - Stock Market News, Stock Advice & Trading Tips At first glance, it might look like Dell Technologies (NYSE:DELL) stock offers a good value and dividends combo. Therefore, I would consider DELL stock a sell in 2023. Now is a time to exercise prudence as, despite the company’s foray into the cloud, Dell is likely to continue struggling amid a weak personal computer (PC) market.
|
9bd60217-0660-426c-8bf5-48679715236b
|
725561.0
|
2023-02-23 00:00:00 UTC
|
Computer Task Group (CTG) Tops Q4 Earnings and Revenue Estimates
|
DELL
|
https://www.nasdaq.com/articles/computer-task-group-ctg-tops-q4-earnings-and-revenue-estimates
|
nan
|
nan
|
Computer Task Group (CTG) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.25 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 16.67%. A quarter ago, it was expected that this information technology staffing company would post earnings of $0.12 per share when it actually produced earnings of $0.11, delivering a surprise of -8.33%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Computer Task Group, which belongs to the Zacks Computers - IT Services industry, posted revenues of $77.9 million for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 2.17%. This compares to year-ago revenues of $112.39 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Computer Task Group shares have lost about 4.5% since the beginning of the year versus the S&P 500's gain of 4%.
What's Next for Computer Task Group?
While Computer Task Group has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Computer Task Group: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.12 on $81.88 million in revenues for the coming quarter and $0.59 on $319.29 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computers - IT Services is currently in the bottom 26% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Dell Technologies (DELL), is yet to report results for the quarter ended January 2023. The results are expected to be released on March 2.
This computer and technology services provider is expected to post quarterly earnings of $1.65 per share in its upcoming report, which represents a year-over-year change of -4.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Dell Technologies' revenues are expected to be $23.07 billion, down 17.6% from the year-ago quarter.
Is THIS the Ultimate New Clean Energy Source? (4 Ways to Profit)
The world is increasingly focused on eliminating fossil fuels and ramping up use of renewable, clean energy sources. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries.
Our urgent special report reveals 4 hydrogen stocks primed for big gains - plus our other top clean energy stocks.
See Stocks Now
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Computer Task Group, Incorporated (CTG) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
One other stock from the same industry, Dell Technologies (DELL), is yet to report results for the quarter ended January 2023. Dell Technologies' revenues are expected to be $23.07 billion, down 17.6% from the year-ago quarter. Click to get this free report Computer Task Group, Incorporated (CTG) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Click to get this free report Computer Task Group, Incorporated (CTG) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here. One other stock from the same industry, Dell Technologies (DELL), is yet to report results for the quarter ended January 2023. Dell Technologies' revenues are expected to be $23.07 billion, down 17.6% from the year-ago quarter.
|
Click to get this free report Computer Task Group, Incorporated (CTG) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here. One other stock from the same industry, Dell Technologies (DELL), is yet to report results for the quarter ended January 2023. Dell Technologies' revenues are expected to be $23.07 billion, down 17.6% from the year-ago quarter.
|
One other stock from the same industry, Dell Technologies (DELL), is yet to report results for the quarter ended January 2023. Dell Technologies' revenues are expected to be $23.07 billion, down 17.6% from the year-ago quarter. Click to get this free report Computer Task Group, Incorporated (CTG) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
c82d8d1a-e854-4047-9562-461332c611f7
|
725562.0
|
2023-02-16 00:00:00 UTC
|
China's Lenovo Q3 revenue tumbles 24% as PC demand slumps
|
DELL
|
https://www.nasdaq.com/articles/chinas-lenovo-q3-revenue-tumbles-24-as-pc-demand-slumps-0
|
nan
|
nan
|
By Josh Ye
HONG KONG, Feb 17 (Reuters) - China's Lenovo Group Ltd 0992.HK reported a 24% revenue decline for the third quarter, its second consecutive decline as global demand for computers and smartphones continued to slump.
The world's largest maker of personal computers (PCs) said on Friday that total revenue during the October-December quarter was $15.3 billion, down 24% from the same quarter a year earlier. The results trailed an average Refinitiv estimate of $16.39 billion drawn from seven analysts.
The outbreak of the COVID-19 pandemic in 2020 provided a huge boost in electronic sales for Lenovo and its peers worldwide as many people opted to work remotely and replaced or upgraded their gadgets. However, demand has begun to fall and Lenovo's revenue started contracting in the July-September quarter last year.
Net income attributable to shareholders for the October-December quarter also plunged 32% to $437 million. Lenovo shares in Hong Kong slid 2.86% on Friday.
IT research firm Gartner said last month that shipments of PCs and mobile phones are likely to fall for the second consecutive year in 2023. PC shipments are likely to slide 6.8% this year after falling 16% in 2022, Gartner said.
Lenovo's device business saw its revenue contract 34% for the reporting quarter.
The company's rivals Dell Technologies Inc DELL.N and HP Inc HPQ.N have announced that they will cut staff. Dell said it will cut about 6,650 jobs, or 5% of its global workforce, whereas HP expects to cut up to 6,000 jobs by the end of fiscal 2025, or about 12% of its global workforce.
(Reporting by Josh Ye; Editing by Muralikumar Anantharaman and Christopher Cushing)
((Josh.Ye@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The company's rivals Dell Technologies Inc DELL.N and HP Inc HPQ.N have announced that they will cut staff. Dell said it will cut about 6,650 jobs, or 5% of its global workforce, whereas HP expects to cut up to 6,000 jobs by the end of fiscal 2025, or about 12% of its global workforce. The outbreak of the COVID-19 pandemic in 2020 provided a huge boost in electronic sales for Lenovo and its peers worldwide as many people opted to work remotely and replaced or upgraded their gadgets.
|
Dell said it will cut about 6,650 jobs, or 5% of its global workforce, whereas HP expects to cut up to 6,000 jobs by the end of fiscal 2025, or about 12% of its global workforce. The company's rivals Dell Technologies Inc DELL.N and HP Inc HPQ.N have announced that they will cut staff. By Josh Ye HONG KONG, Feb 17 (Reuters) - China's Lenovo Group Ltd 0992.HK reported a 24% revenue decline for the third quarter, its second consecutive decline as global demand for computers and smartphones continued to slump.
|
The company's rivals Dell Technologies Inc DELL.N and HP Inc HPQ.N have announced that they will cut staff. Dell said it will cut about 6,650 jobs, or 5% of its global workforce, whereas HP expects to cut up to 6,000 jobs by the end of fiscal 2025, or about 12% of its global workforce. By Josh Ye HONG KONG, Feb 17 (Reuters) - China's Lenovo Group Ltd 0992.HK reported a 24% revenue decline for the third quarter, its second consecutive decline as global demand for computers and smartphones continued to slump.
|
The company's rivals Dell Technologies Inc DELL.N and HP Inc HPQ.N have announced that they will cut staff. Dell said it will cut about 6,650 jobs, or 5% of its global workforce, whereas HP expects to cut up to 6,000 jobs by the end of fiscal 2025, or about 12% of its global workforce. By Josh Ye HONG KONG, Feb 17 (Reuters) - China's Lenovo Group Ltd 0992.HK reported a 24% revenue decline for the third quarter, its second consecutive decline as global demand for computers and smartphones continued to slump.
|
6bf6eae4-3de0-4b35-855f-8a6185fa9c00
|
725563.0
|
2023-02-16 00:00:00 UTC
|
Stem, Inc. (STEM) Reports Q4 Loss, Lags Revenue Estimates
|
DELL
|
https://www.nasdaq.com/articles/stem-inc.-stem-reports-q4-loss-lags-revenue-estimates
|
nan
|
nan
|
Stem, Inc. (STEM) came out with a quarterly loss of $0.23 per share versus the Zacks Consensus Estimate of a loss of $0.19. This compares to loss of $0.23 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -21.05%. A quarter ago, it was expected that this company would post a loss of $0.15 per share when it actually produced a loss of $0.22, delivering a surprise of -46.67%.
Over the last four quarters, the company has not been able to surpass consensus EPS estimates.
Stem, Inc., which belongs to the Zacks Computers - IT Services industry, posted revenues of $155.44 million for the quarter ended December 2022, missing the Zacks Consensus Estimate by 13.28%. This compares to year-ago revenues of $52.78 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Stem, Inc. Shares have added about 14.7% since the beginning of the year versus the S&P 500's gain of 8%.
What's Next for Stem, Inc.
While Stem, Inc. Has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Stem, Inc. Unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.17 on $109.71 million in revenues for the coming quarter and -$0.65 on $670.51 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computers - IT Services is currently in the bottom 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Dell Technologies (DELL), is yet to report results for the quarter ended January 2023. The results are expected to be released on March 2.
This computer and technology services provider is expected to post quarterly earnings of $1.65 per share in its upcoming report, which represents a year-over-year change of -4.1%. The consensus EPS estimate for the quarter has been revised 4.1% lower over the last 30 days to the current level.
Dell Technologies' revenues are expected to be $23.07 billion, down 17.6% from the year-ago quarter.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Stem, Inc. (STEM) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
One other stock from the same industry, Dell Technologies (DELL), is yet to report results for the quarter ended January 2023. Dell Technologies' revenues are expected to be $23.07 billion, down 17.6% from the year-ago quarter. Click to get this free report Stem, Inc. (STEM) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Click to get this free report Stem, Inc. (STEM) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here. One other stock from the same industry, Dell Technologies (DELL), is yet to report results for the quarter ended January 2023. Dell Technologies' revenues are expected to be $23.07 billion, down 17.6% from the year-ago quarter.
|
Click to get this free report Stem, Inc. (STEM) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here. One other stock from the same industry, Dell Technologies (DELL), is yet to report results for the quarter ended January 2023. Dell Technologies' revenues are expected to be $23.07 billion, down 17.6% from the year-ago quarter.
|
One other stock from the same industry, Dell Technologies (DELL), is yet to report results for the quarter ended January 2023. Dell Technologies' revenues are expected to be $23.07 billion, down 17.6% from the year-ago quarter. Click to get this free report Stem, Inc. (STEM) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
ad3c66a2-fa09-47c4-b38a-7013d8c134ff
|
725564.0
|
2023-02-15 00:00:00 UTC
|
Generac Holdings (GNRC) Q4 Earnings Surpass Estimates
|
DELL
|
https://www.nasdaq.com/articles/generac-holdings-gnrc-q4-earnings-surpass-estimates
|
nan
|
nan
|
Generac Holdings (GNRC) came out with quarterly earnings of $1.78 per share, beating the Zacks Consensus Estimate of $1.70 per share. This compares to earnings of $2.51 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 4.71%. A quarter ago, it was expected that this generator maker would post earnings of $1.62 per share when it actually produced earnings of $1.75, delivering a surprise of 8.02%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Generac Holdings, which belongs to the Zacks Electronics - Power Generation industry, posted revenues of $1.05 billion for the quarter ended December 2022, missing the Zacks Consensus Estimate by 1.84%. This compares to year-ago revenues of $1.07 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Generac Holdings shares have added about 24.4% since the beginning of the year versus the S&P 500's gain of 7.7%.
What's Next for Generac Holdings?
While Generac Holdings has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Generac Holdings: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.41 on $974.3 million in revenues for the coming quarter and $6.97 on $4.22 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Power Generation is currently in the top 42% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the broader Zacks Computer and Technology sector, Dell Technologies (DELL), is yet to report results for the quarter ended January 2023. The results are expected to be released on March 2.
This computer and technology services provider is expected to post quarterly earnings of $1.65 per share in its upcoming report, which represents a year-over-year change of -4.1%. The consensus EPS estimate for the quarter has been revised 4.1% lower over the last 30 days to the current level.
Dell Technologies' revenues are expected to be $23.07 billion, down 17.6% from the year-ago quarter.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV stocks
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Generac Holdings Inc. (GNRC) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
One other stock from the broader Zacks Computer and Technology sector, Dell Technologies (DELL), is yet to report results for the quarter ended January 2023. Dell Technologies' revenues are expected to be $23.07 billion, down 17.6% from the year-ago quarter. Click to get this free report Generac Holdings Inc. (GNRC) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Click to get this free report Generac Holdings Inc. (GNRC) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here. One other stock from the broader Zacks Computer and Technology sector, Dell Technologies (DELL), is yet to report results for the quarter ended January 2023. Dell Technologies' revenues are expected to be $23.07 billion, down 17.6% from the year-ago quarter.
|
Click to get this free report Generac Holdings Inc. (GNRC) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here. One other stock from the broader Zacks Computer and Technology sector, Dell Technologies (DELL), is yet to report results for the quarter ended January 2023. Dell Technologies' revenues are expected to be $23.07 billion, down 17.6% from the year-ago quarter.
|
One other stock from the broader Zacks Computer and Technology sector, Dell Technologies (DELL), is yet to report results for the quarter ended January 2023. Dell Technologies' revenues are expected to be $23.07 billion, down 17.6% from the year-ago quarter. Click to get this free report Generac Holdings Inc. (GNRC) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
0308baa8-8fab-4f2f-aa3b-6aa156aafd43
|
725565.0
|
2023-02-14 00:00:00 UTC
|
Upstart Holdings, Inc. (UPST) Reports Q4 Loss, Tops Revenue Estimates
|
DELL
|
https://www.nasdaq.com/articles/upstart-holdings-inc.-upst-reports-q4-loss-tops-revenue-estimates
|
nan
|
nan
|
Upstart Holdings, Inc. (UPST) came out with a quarterly loss of $0.25 per share versus the Zacks Consensus Estimate of a loss of $0.48. This compares to earnings of $0.89 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 47.92%. A quarter ago, it was expected that this company would post a loss of $0.07 per share when it actually produced a loss of $0.24, delivering a surprise of -242.86%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Upstart Holdings, Inc., which belongs to the Zacks Computers - IT Services industry, posted revenues of $146.91 million for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 11.19%. This compares to year-ago revenues of $304.85 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Upstart Holdings, Inc. Shares have added about 21.7% since the beginning of the year versus the S&P 500's gain of 7.8%.
What's Next for Upstart Holdings, Inc.
While Upstart Holdings, Inc. Has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Upstart Holdings, Inc. Mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.25 on $145.14 million in revenues for the coming quarter and $0.07 on $672.58 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computers - IT Services is currently in the bottom 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Dell Technologies (DELL), another stock in the same industry, has yet to report results for the quarter ended January 2023. The results are expected to be released on March 2.
This computer and technology services provider is expected to post quarterly earnings of $1.65 per share in its upcoming report, which represents a year-over-year change of -4.1%. The consensus EPS estimate for the quarter has been revised 4.1% lower over the last 30 days to the current level.
Dell Technologies' revenues are expected to be $23.07 billion, down 17.6% from the year-ago quarter.
Is THIS the Ultimate New Clean Energy Source? (4 Ways to Profit)
The world is increasingly focused on eliminating fossil fuels and ramping up use of renewable, clean energy sources. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries.
Our urgent special report reveals 4 hydrogen stocks primed for big gains - plus our other top clean energy stocks.
See Stocks Now
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Upstart Holdings, Inc. (UPST) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Dell Technologies (DELL), another stock in the same industry, has yet to report results for the quarter ended January 2023. Dell Technologies' revenues are expected to be $23.07 billion, down 17.6% from the year-ago quarter. Click to get this free report Upstart Holdings, Inc. (UPST) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Click to get this free report Upstart Holdings, Inc. (UPST) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies (DELL), another stock in the same industry, has yet to report results for the quarter ended January 2023. Dell Technologies' revenues are expected to be $23.07 billion, down 17.6% from the year-ago quarter.
|
Click to get this free report Upstart Holdings, Inc. (UPST) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies (DELL), another stock in the same industry, has yet to report results for the quarter ended January 2023. Dell Technologies' revenues are expected to be $23.07 billion, down 17.6% from the year-ago quarter.
|
Dell Technologies (DELL), another stock in the same industry, has yet to report results for the quarter ended January 2023. Dell Technologies' revenues are expected to be $23.07 billion, down 17.6% from the year-ago quarter. Click to get this free report Upstart Holdings, Inc. (UPST) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
68c665fb-f024-422b-82bc-6449de2983ba
|
725566.0
|
2023-02-10 00:00:00 UTC
|
Stocks Eye Disappointing End to Fed-Focused Week
|
DELL
|
https://www.nasdaq.com/articles/stocks-eye-disappointing-end-to-fed-focused-week
|
nan
|
nan
|
Wall Street kept its focus on the Federal Reserve this week, musing over the disinflation process amid comments from several officials. Tuesday, investors unpacked highly-anticipated remarks from Federal Reserve Chair Jerome Powell before the Economic Club of Washington, D.C., while Wednesday brought a host of commentary from officials such as New York Fed President John Williams. Plus, Friday afternoon will bring insight from Fed Governor Christopher Waller and Philadelphia Fed President Patrick Harker. Overall, it was a relatively volatile week, with all three major benchmarks on track for weekly losses -- the S&P 500 Index's (SPX) worst since December.
Earnings This Week
Several corporate earnings reports were in the spotlight throughout the week as well. Walt Disney (DIS) and PepsiCo (PEP) were the the biggest players, giving overall sentiment a boost on Thursday before the market turned around due to monetary concerns. Among the other names with notable earnings reports were Chegg (CHGG), Spirit Airlines (SAVE), Uber Technologies (UBER), Chipotle Mexican Grill (CMG), MGM Resorts International (MGM), Mattel (MAT), and Expedia (EXPE).
New and Noteworthy
In other news, Dell Technologies (DELL) became the latest tech name to announce layoffs, while sector peer Microsoft (MSFT) remains popular amongst options traders. The shares of Baidu (BIDU) surged after the company announced its own ChatGPT-style artificial intelligence (AI) chatbot. Plus, General Motors (GM) made a long-term agreement with chip name GlobalFoundries.
What's On Deck Next Week
Earnings season will continue next week, with plenty of companies announcing quarterly results, including Coca-Cola (KO). Economic data will include retail sales and the consumer price index (CPI) for January. In the meantime, check out some stats on the strange market climate, according to Schaeffer's Senior Quantitative Analyst Rocky White.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
New and Noteworthy In other news, Dell Technologies (DELL) became the latest tech name to announce layoffs, while sector peer Microsoft (MSFT) remains popular amongst options traders. Wall Street kept its focus on the Federal Reserve this week, musing over the disinflation process amid comments from several officials. Tuesday, investors unpacked highly-anticipated remarks from Federal Reserve Chair Jerome Powell before the Economic Club of Washington, D.C., while Wednesday brought a host of commentary from officials such as New York Fed President John Williams.
|
New and Noteworthy In other news, Dell Technologies (DELL) became the latest tech name to announce layoffs, while sector peer Microsoft (MSFT) remains popular amongst options traders. Earnings This Week Several corporate earnings reports were in the spotlight throughout the week as well. Among the other names with notable earnings reports were Chegg (CHGG), Spirit Airlines (SAVE), Uber Technologies (UBER), Chipotle Mexican Grill (CMG), MGM Resorts International (MGM), Mattel (MAT), and Expedia (EXPE).
|
New and Noteworthy In other news, Dell Technologies (DELL) became the latest tech name to announce layoffs, while sector peer Microsoft (MSFT) remains popular amongst options traders. Tuesday, investors unpacked highly-anticipated remarks from Federal Reserve Chair Jerome Powell before the Economic Club of Washington, D.C., while Wednesday brought a host of commentary from officials such as New York Fed President John Williams. Earnings This Week Several corporate earnings reports were in the spotlight throughout the week as well.
|
New and Noteworthy In other news, Dell Technologies (DELL) became the latest tech name to announce layoffs, while sector peer Microsoft (MSFT) remains popular amongst options traders. Tuesday, investors unpacked highly-anticipated remarks from Federal Reserve Chair Jerome Powell before the Economic Club of Washington, D.C., while Wednesday brought a host of commentary from officials such as New York Fed President John Williams. Earnings This Week Several corporate earnings reports were in the spotlight throughout the week as well.
|
0723efcf-9ef7-4a69-b00d-63a814e928b1
|
725567.0
|
2023-02-09 00:00:00 UTC
|
Dell Is the Worst of the Worst in a Miserable PC Industry
|
DELL
|
https://www.nasdaq.com/articles/dell-is-the-worst-of-the-worst-in-a-miserable-pc-industry
|
nan
|
nan
|
Computer company Dell Technologies (NYSE: DELL) is laying off roughly 5% of its workforce, according to a recent SEC filing citing the weakening personal computer market as the key cause. It's not a stretch to presume rival computer companies like Lenovo (OTC: LNVGY), Apple (NASDAQ: AAPL), and HP (NYSE: HPQ) are running into the same headwind.
What's a bit more difficult to see without digging deeper is the true intensity of Dell's struggle compared to its competition. It was the worst of the worst in terms of declining Q4 delivery numbers, with no end to the weakness on the horizon. And there's a possible reason -- or two -- for Dell's pronounced trouble that investors need to understand.
First things first.
Falling fast
Dell didn't divulge exact numbers in its filing, but technology consulting and market research outfit IDC does regularly update its estimates. It reckons global PC shipments (all brands) slipped 28.1% year over year during the fourth quarter of 2022, led by Dell's 37.2% dip. The company's deliveries have been declining rather sharply from their Q4-2021 peak, in fact.
Data source: IDC. Chart by author.
There's some important context worth adding to this chart: While Dell may have gotten a relatively slow start plugging into the demand created by the COVID-19 pandemic, it finished strong. Specifically, Dell's PC deliveries grew through the end of 2021, whereas competitors like Lenovo and HP saw their demand climax in 2020. Dell is facing notably tougher comparisons than its rivals are right now.
Nevertheless, something's clearly more wrong with Dell than with other PC names at this time.
Don't look for relief anytime soon, either. IDC adds that personal computer shipments are apt to tumble another 5.6% from 2022's relatively low levels in 2023. A measurable rebound now isn't expected until 2024, and even then IDC expects a shallow recovery.
The kicker: IDC doesn't anticipate higher selling prices offsetting shrinking PC demand in the meantime.
Not like the others (and that's a problem)
With nothing more than a passing glance, it's just another computer company. Take a closer look at the market, though. You'll see two stark differences between Dell and its rivals that may be causing much of its comparatively terrible performance.
The first of these differences is that Dell doesn't have much of a presence among traditional retailers like Best Buy and Walmart. That's a market it's largely ceded to other brands.
This is mostly intentional.
See, Dell focuses less on consumers and more on institutional customers likely to buy custom builds directly from the brand itself. About 40% of the third quarter's business was infrastructure like servers, while commercial computer revenue made up a similar proportion of its top line for the same quarter. Although this strategy cuts out middlemen that would otherwise cut into profits, it also leaves the brand out of an important sales venue when corporate business dries up...as it did in the final quarter of last year.
Data source: Thomson Reuters. Chart by author. Revenue figures are in millions of dollars.
The second reason Dell may struggle even more than other PC makers set to founder in 2023 is pricing. Whereas HP appeals to buyers on a budget and Apple's Macs enjoy cult-like devotion, Dell's above-average pricing makes its wares tougher to sell in a poor economic environment; that's true even for corporate customers.
No one denies a Dell PC's value, to be clear -- you get what you pay for! But high quality isn't always readily affordable. And this year, with the risk of recession still upon us, most would-be buyers are a little more cost-conscious than they'd normally be. To this end, the analyst community is calling for sales as well as profit declines in the immediate future.
Take the hint
Bottom line? This isn't a complicated, nuanced call. Dell Technologies is already on the defensive moving into what will be a tough year...much tougher than for its peers and rivals.
With the stock priced at less than 7 times next year's projected per-share profits, there's a valuation-based upside argument. In light of the company's current fiscal trajectory, however, there's little on the horizon that will activate a value-driven rally. Steer clear until the company can at least catch a PC tailwind.
10 stocks we like better than Dell Technologies
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Dell Technologies wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of January 9, 2023
James Brumley has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple, Best Buy, HP, and Walmart. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Falling fast Dell didn't divulge exact numbers in its filing, but technology consulting and market research outfit IDC does regularly update its estimates. Whereas HP appeals to buyers on a budget and Apple's Macs enjoy cult-like devotion, Dell's above-average pricing makes its wares tougher to sell in a poor economic environment; that's true even for corporate customers. Computer company Dell Technologies (NYSE: DELL) is laying off roughly 5% of its workforce, according to a recent SEC filing citing the weakening personal computer market as the key cause.
|
Computer company Dell Technologies (NYSE: DELL) is laying off roughly 5% of its workforce, according to a recent SEC filing citing the weakening personal computer market as the key cause. What's a bit more difficult to see without digging deeper is the true intensity of Dell's struggle compared to its competition. And there's a possible reason -- or two -- for Dell's pronounced trouble that investors need to understand.
|
Computer company Dell Technologies (NYSE: DELL) is laying off roughly 5% of its workforce, according to a recent SEC filing citing the weakening personal computer market as the key cause. Falling fast Dell didn't divulge exact numbers in its filing, but technology consulting and market research outfit IDC does regularly update its estimates. * They just revealed what they believe are the ten best stocks for investors to buy right now... and Dell Technologies wasn't one of them!
|
Computer company Dell Technologies (NYSE: DELL) is laying off roughly 5% of its workforce, according to a recent SEC filing citing the weakening personal computer market as the key cause. What's a bit more difficult to see without digging deeper is the true intensity of Dell's struggle compared to its competition. And there's a possible reason -- or two -- for Dell's pronounced trouble that investors need to understand.
|
53709e8d-6da2-40ab-bf9a-3bbd01689710
|
725568.0
|
2023-02-08 00:00:00 UTC
|
DELL vs. HPQ: Which Computer Stock is Better?
|
DELL
|
https://www.nasdaq.com/articles/dell-vs.-hpq%3A-which-computer-stock-is-better
|
nan
|
nan
|
In this piece, I evaluated two computer stocks -- Dell Technologies (NYSE:DELL) and HP Inc. (NYSE:HPQ) -- to see which is better. These two companies have been competing in the technology and computer hardware industry for many years, so they're similar in many ways. Upon closer analysis, though, it looks like both stocks are mixed in terms of quality, warranting a wait-and-see approach, but they may still be attractive for dividend investors due to their respectable yields.
However, given the turmoil in the technology sector right now, investors will have to choose wisely if they want to invest there at this time. Reports from multiple sources indicate that the computer hardware industry has faced some major setbacks in the last year or so due to growing economic uncertainty. Additionally, with computer sales plummeting, many companies are turning to other revenue streams like services.
Nonetheless, let's analyze DELL and HPQ's qualities.
Dell Technologies (NYSE:DELL)
Dell is trading at a trailing price-to-sales (P/S) ratio of 0.3 and a P/E ratio of 17.6, making it look undervalued relative to the technology hardware sector. From a P/S standpoint, the company is back to the level it was trading at in the depths of the 2020 bear market in the early days of the pandemic. Further, Dell's fundamentals are mixed, making a neutral view seem appropriate until there's more clarity on when the shares have bottomed out.
The technology hardware sector is trading around its three-year average P/E of 27.3 times and P/S of 5.0 times. However, given the significant uncertainty that's been sweeping the tech sector recently, it seems likely that a sector-wide de-rating is underway. As a result, there could be more downside for Dell and HP, although both will likely make it through a recession.
On the one hand, Dell is laden with debt, but on the other, it has steadily been paying off more than the new debt it issues. Also, despite its plunging computer sales, the company has managed to grow its revenue from $101.2 billion in the fiscal year that ended in January 2022 to $105.3 billion for the last 12 months.
Additionally, Dell plans to lay off 6,650 employees due to lackluster PC sales, as evidenced by the massive decline in the fourth quarter. Industry analyst IDC told Bloomberg that Dell's PC sales plummeted 37% year-over-year in the fourth quarter. PC sales represent more than half of Dell's revenue, so this is a massive problem for the company.
Nonetheless, Dell offers an attractive 3.22% dividend yield, a rarity in the tech industry that could make the company worth holding for income investors.
What is the Price Target for DELL Stock?
Dell Technologies has a Strong Buy consensus rating based on 10 Buys, two Holds, and zero Sell ratings assigned over the last three months. At $51.17, the average price target for Dell Technologies stock implies upside potential of 22.3%.
HP Inc. (NYSE:HPQ)
HP is trading at a trailing P/S of 0.5 and a P/E of 10 times, making it look even more undervalued than Dell. The company's P/S ratio is slightly higher than where it stood in 2020 in the early days of the pandemic. Still, HP's fundamentals are also mixed, suggesting a neutral view could be appropriate until there's more transparency into sector multiples.
Like Dell and other PC and tech giants, HP laid off almost 6,000 employees in November. Nevertheless, HP's revenue remained stable in 2022, coming in at $63 billion for the fiscal year that ended in October 2022 versus $63.5 billion for the previous fiscal year. This suggests the company should have no problem surviving a recession.
HP is also generating plenty of free cash flow, at $3.67 billion for the last 12 months, although that's a decline from $5.83 billion the year before. One concern is that the company has been issuing more debt than it has been paying off in recent years. For the last 12 months, HP repaid $1.1 billion in debt but issued $4.2 billion in new debt. Time will tell whether this will become a serious issue.
Finally, HP also offers an attractive dividend yield at 3.55%, although it looks more stable than Dell's, as the company has been raising its dividend annually for the last seven years.
What is the Price Target for HPQ Stock?
HP has a Hold consensus rating based on zero Buys, seven Holds, and two Sell ratings assigned over the last three months. At $28.83, the average price target for HPQ stock implies downside potential of 2.63%.
Conclusion: Neutral on DELL and HPQ
Dell and HP are basically neck and neck, although Warren Buffett has established a position in HP rather than Dell. I'm assigning a neutral view on both names because their fundamentals seem equally mixed right now. More clarity into sector-wide multiples and other industry data could tip the balance in either direction.
Importantly, both offer attractive dividend yields, making them both potential dividend plays in the meantime. However, for investors focused on fundamentals, a wait-and-see approach looks appropriate until multiples for the tech sector and computer hardware markets stabilize.
Disclosure
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Additionally, Dell plans to lay off 6,650 employees due to lackluster PC sales, as evidenced by the massive decline in the fourth quarter. Nonetheless, Dell offers an attractive 3.22% dividend yield, a rarity in the tech industry that could make the company worth holding for income investors. In this piece, I evaluated two computer stocks -- Dell Technologies (NYSE:DELL) and HP Inc. (NYSE:HPQ) -- to see which is better.
|
In this piece, I evaluated two computer stocks -- Dell Technologies (NYSE:DELL) and HP Inc. (NYSE:HPQ) -- to see which is better. Dell Technologies (NYSE:DELL) Dell is trading at a trailing price-to-sales (P/S) ratio of 0.3 and a P/E ratio of 17.6, making it look undervalued relative to the technology hardware sector. Nonetheless, let's analyze DELL and HPQ's qualities.
|
In this piece, I evaluated two computer stocks -- Dell Technologies (NYSE:DELL) and HP Inc. (NYSE:HPQ) -- to see which is better. Dell Technologies (NYSE:DELL) Dell is trading at a trailing price-to-sales (P/S) ratio of 0.3 and a P/E ratio of 17.6, making it look undervalued relative to the technology hardware sector. Conclusion: Neutral on DELL and HPQ Dell and HP are basically neck and neck, although Warren Buffett has established a position in HP rather than Dell.
|
In this piece, I evaluated two computer stocks -- Dell Technologies (NYSE:DELL) and HP Inc. (NYSE:HPQ) -- to see which is better. PC sales represent more than half of Dell's revenue, so this is a massive problem for the company. Nonetheless, let's analyze DELL and HPQ's qualities.
|
57162a24-895a-46a1-8457-96ac2110bebc
|
725569.0
|
2023-02-07 00:00:00 UTC
|
BlackRock Increases Position in Dell (DELL)
|
DELL
|
https://www.nasdaq.com/articles/blackrock-increases-position-in-dell-dell
|
nan
|
nan
|
Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 20.57MM shares of Dell Inc (DELL). This represents 8.5% of the company.
In their previous filing dated February 1, 2022 they reported 20.38MM shares and 7.00% of the company, an increase in shares of 0.94% and an increase in total ownership of 1.50% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 23.35% Upside
As of February 6, 2023, the average one-year price target for Dell is $50.53. The forecasts range from a low of $39.39 to a high of $63.00. The average price target represents an increase of 23.35% from its latest reported closing price of $40.96.
The projected annual revenue for Dell is $102,899MM, a decrease of 2.24%. The projected annual EPS is $7.65, an increase of 211.62%.
Fund Sentiment
There are 1148 funds or institutions reporting positions in Dell. This is a decrease of 16 owner(s) or 1.37%.
Average portfolio weight of all funds dedicated to US:DELL is 0.1598%, a decrease of 14.3623%. Total shares owned by institutions decreased in the last three months by 1.95% to 222,127K shares.
What are large shareholders doing?
Dodge & Cox holds 19,762,839 shares representing 2.76% ownership of the company. In it's prior filing, the firm reported owning 20,696,781 shares, representing a decrease of 4.73%. The firm decreased its portfolio allocation in DELL by 22.71% over the last quarter.
DODGX - Dodge & Cox Stock Fund holds 12,982,488 shares representing 1.81% ownership of the company. In it's prior filing, the firm reported owning 13,302,988 shares, representing a decrease of 2.47%. The firm decreased its portfolio allocation in DELL by 22.29% over the last quarter.
Temasek Holdings holds 8,848,147 shares representing 1.24% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,587,338 shares representing 1.06% ownership of the company. In it's prior filing, the firm reported owning 7,664,603 shares, representing a decrease of 1.02%. The firm decreased its portfolio allocation in DELL by 23.70% over the last quarter.
Lsv Asset Management holds 6,028,475 shares representing 0.84% ownership of the company. In it's prior filing, the firm reported owning 5,744,487 shares, representing an increase of 4.71%. The firm decreased its portfolio allocation in DELL by 15.68% over the last quarter.
Dell Declares $0.33 Dividend
Dell said on December 6, 2022 that its board of directors declared a regular quarterly dividend of $0.33 per share ($1.32 annualized). Shareholders of record as of January 24, 2023 received the payment on February 3, 2023. Previously, the company paid $0.33 per share.
At the current share price of $40.96 / share, the stock's dividend yield is 3.22%. Looking back five years and taking a sample every week, the average dividend yield has been 3.06%, the lowest has been 2.43%, and the highest has been 3.83%. The standard deviation of yields is 0.37 (n=43).
The current dividend yield is 0.46 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.52. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
Dell Technologies Background Information
(This description is provided by the company.)
Dell Technologies helps organizations and individuals build their digital future and transform how they work, live and play. The company provides customers with the industry's broadest and most innovative technology and services portfolio for the data era.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Dell Technologies helps organizations and individuals build their digital future and transform how they work, live and play. Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 20.57MM shares of Dell Inc (DELL). Analyst Price Forecast Suggests 23.35% Upside As of February 6, 2023, the average one-year price target for Dell is $50.53.
|
Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 20.57MM shares of Dell Inc (DELL). Analyst Price Forecast Suggests 23.35% Upside As of February 6, 2023, the average one-year price target for Dell is $50.53. The projected annual revenue for Dell is $102,899MM, a decrease of 2.24%.
|
Dell Declares $0.33 Dividend Dell said on December 6, 2022 that its board of directors declared a regular quarterly dividend of $0.33 per share ($1.32 annualized). Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 20.57MM shares of Dell Inc (DELL). Analyst Price Forecast Suggests 23.35% Upside As of February 6, 2023, the average one-year price target for Dell is $50.53.
|
Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 20.57MM shares of Dell Inc (DELL). Analyst Price Forecast Suggests 23.35% Upside As of February 6, 2023, the average one-year price target for Dell is $50.53. The projected annual revenue for Dell is $102,899MM, a decrease of 2.24%.
|
cab59257-2c37-4afe-9c32-651052fbe527
|
725570.0
|
2023-02-06 00:00:00 UTC
|
The Bear Isn't Dead Yet, According to These 2 Stocks
|
DELL
|
https://www.nasdaq.com/articles/the-bear-isnt-dead-yet-according-to-these-2-stocks
|
nan
|
nan
|
Investors continued to see a losing streak on Monday, as Wall Street carried forward its downward momentum from late last week. Declines for the Dow Jones Industrial Average (DJINDICES: ^DJI) were once again minimal, but the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) declined a bit more sharply.
INDEX
DAILY PERCENTAGE CHANGE
DAILY POINT CHANGE
Dow
(0.10%)
(35)
S&P 500
(0.61%)
(25)
Nasdaq
(1.00%)
(120)
Data source: Yahoo! Finance.
Many high-profile stocks posted declines on Monday, with varying causes for their poor performance. RH (NYSE: RH) released preliminary results for the holiday quarter that left shareholders of the high-end home furnishings retailer wanting more. Meanwhile, Dell Technologies (NYSE: DELL) joined the growing chorus of companies adding to concerns about the future of the labor market.
RH cuts its guidance
Shares of RH fell 8% on Monday. Shareholders reacted negatively to the company's latest financial update, which anticipated weaker performance than previously expected.
RH communicated its update in a filing with the U.S. Securities and Exchange Commission (SEC). Although there was some ambiguity in the exact language of the filing, it appeared that RH confirmed that it expects its fiscal 2022 revenue to come in at the worse end of its previous guidance, which called for a decline of between 3.5% and 4.5% compared to fiscal 2021. In the same filing, RH found some errors in its calculation of net income per share in its 10-K annual report from last year and its most recent quarterly 10-Q report.
Analysts weighed in with mixed views on RH's future. Analysts at Telsey Advisory downgraded the retail stock from outperform to market perform, although it also boosted its price target by $20 per share to $330. Meanwhile, two other analysts increased their RH stock price targets more aggressively, including Citi going from $305 to $380 per share and Wedbush giving a raise from $270 to $335.
RH hasn't done well in the past year as investors worry that macroeconomic problems will weigh inordinately on the high-end luxury retail specialist. A lot will depend on what happens with economic data and its perceived impact on RH in the weeks to come.
Dell joins the layoff train
In the IT space, Dell Technologies stock finished lower by 3%. The legacy PC manufacturer announced that it would cut costs by letting some of its workers go, joining a growing list of tech companies having made similar moves over the past couple of months.
Dell said that it would cut its workforce by about 5% globally, eliminating about 6,650 jobs across the company. Despite having taken earlier measures like freezing its hiring, the company saw no choice but to take more dramatic steps in order to reduce its overall costs and support its longer-term profitability.
The problem that Dell faces is that its reliance on PCs for a large chunk of its business has been a liability recently. Although PC demand soared during the early stages of the COVID-19 pandemic as people suddenly had to work from home, Dell has seen the market for its key products erode dramatically in recent times.
Valuations on Dell and similarly situated stocks are low enough to look attractive to many investors seeking bargains in today's market. However, those value investors who seek out potential deals have to determine how much earnings could fall from recent levels. What seems like a good value could turn out to be more of a value trap in the long run.
10 stocks we like better than RH
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now… and RH wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of January 9, 2023
Dan Caplinger has positions in RH. The Motley Fool recommends RH. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Although PC demand soared during the early stages of the COVID-19 pandemic as people suddenly had to work from home, Dell has seen the market for its key products erode dramatically in recent times. Meanwhile, Dell Technologies (NYSE: DELL) joined the growing chorus of companies adding to concerns about the future of the labor market. Dell joins the layoff train In the IT space, Dell Technologies stock finished lower by 3%.
|
Meanwhile, Dell Technologies (NYSE: DELL) joined the growing chorus of companies adding to concerns about the future of the labor market. Dell joins the layoff train In the IT space, Dell Technologies stock finished lower by 3%. Dell said that it would cut its workforce by about 5% globally, eliminating about 6,650 jobs across the company.
|
Meanwhile, Dell Technologies (NYSE: DELL) joined the growing chorus of companies adding to concerns about the future of the labor market. Dell joins the layoff train In the IT space, Dell Technologies stock finished lower by 3%. Dell said that it would cut its workforce by about 5% globally, eliminating about 6,650 jobs across the company.
|
Meanwhile, Dell Technologies (NYSE: DELL) joined the growing chorus of companies adding to concerns about the future of the labor market. Dell joins the layoff train In the IT space, Dell Technologies stock finished lower by 3%. Dell said that it would cut its workforce by about 5% globally, eliminating about 6,650 jobs across the company.
|
eb1a03a6-85ca-4c1f-bf6b-5651f63912eb
|
725571.0
|
2023-02-06 00:00:00 UTC
|
Technology Sector Update for 02/06/2023: NOW, DELL, ON, UMC
|
DELL
|
https://www.nasdaq.com/articles/technology-sector-update-for-02-06-2023%3A-now-dell-on-umc
|
nan
|
nan
|
Technology stocks continued to fall late Monday afternoon with the Technology Select Sector SPDR Fund (XLK) still falling 1.4% while the Philadelphia Semiconductor Index retreated almost 2%.
In company news, ServiceNow (NOW) fell 4% after the company said late Friday that Chief Executive Officer William McDermott sold 53,933 shares of the company for about $24.7 million on Feb. 1.
Dell Technologies (DELL) shares were down about 3% after the company reported in a regulatory filing that it will reduce its workforce by 5% as part of a planned reorganization.
United Microelectronics' (UMC) shares were down 3.2% after it said January sales fell 4.3% from a year earlier.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Dell Technologies (DELL) shares were down about 3% after the company reported in a regulatory filing that it will reduce its workforce by 5% as part of a planned reorganization. Technology stocks continued to fall late Monday afternoon with the Technology Select Sector SPDR Fund (XLK) still falling 1.4% while the Philadelphia Semiconductor Index retreated almost 2%. United Microelectronics' (UMC) shares were down 3.2% after it said January sales fell 4.3% from a year earlier.
|
Dell Technologies (DELL) shares were down about 3% after the company reported in a regulatory filing that it will reduce its workforce by 5% as part of a planned reorganization. Technology stocks continued to fall late Monday afternoon with the Technology Select Sector SPDR Fund (XLK) still falling 1.4% while the Philadelphia Semiconductor Index retreated almost 2%. In company news, ServiceNow (NOW) fell 4% after the company said late Friday that Chief Executive Officer William McDermott sold 53,933 shares of the company for about $24.7 million on Feb. 1.
|
Dell Technologies (DELL) shares were down about 3% after the company reported in a regulatory filing that it will reduce its workforce by 5% as part of a planned reorganization. Technology stocks continued to fall late Monday afternoon with the Technology Select Sector SPDR Fund (XLK) still falling 1.4% while the Philadelphia Semiconductor Index retreated almost 2%. In company news, ServiceNow (NOW) fell 4% after the company said late Friday that Chief Executive Officer William McDermott sold 53,933 shares of the company for about $24.7 million on Feb. 1.
|
Dell Technologies (DELL) shares were down about 3% after the company reported in a regulatory filing that it will reduce its workforce by 5% as part of a planned reorganization. Technology stocks continued to fall late Monday afternoon with the Technology Select Sector SPDR Fund (XLK) still falling 1.4% while the Philadelphia Semiconductor Index retreated almost 2%. In company news, ServiceNow (NOW) fell 4% after the company said late Friday that Chief Executive Officer William McDermott sold 53,933 shares of the company for about $24.7 million on Feb. 1.
|
24af489f-460e-4a5e-bbb8-03b5931966f8
|
725572.0
|
2023-02-06 00:00:00 UTC
|
BUZZ-U.S. STOCKS ON THE MOVE-Fat Brands, Spotify, Uber Tech
|
DELL
|
https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-fat-brands-spotify-uber-tech
|
nan
|
nan
|
Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: https://refini.tv/3LI4BU7
The Morning News Call newsletter: https://refini.tv/3dKUyB8
U.S. stock indexes edged lower on Monday as investors awaited Federal Reserve Chair Jerome Powell's speech for clues on when the central bank would start cutting interest rates. .N
At 13:31 ET, the Dow Jones Industrial Average .DJI was down 0.13% at 33,880.94. The S&P 500 .SPX was down 0.64% at 4,110.01 and the Nasdaq Composite .IXIC was down 0.95% at 11,892.525. The top three S&P 500 .PG.INX percentage gainers: ** Catalent Inc CTLT.N, up 20% ** Humana Inc HUM.N, up 2.9% ** Gilead Sciences Inc GILD.O, up 2.7% The top three S&P 500 .PL.INX percentage losers: ** VF Corp VFC.N, down 5.6% ** DXC Technology Co DXC.N, down 5% ** Tyson Foods Inc TSN.N, down 4.7% The top two NYSE .PG.N percentage gainers: ** Lanvin Group Holdings Ltd LANV.N, up 13.2% ** Life Storage Inc LSI.N, up 12.2% The top three NYSE .PL.N percentage losers: ** Nordstrom Inc JWN.N, down 12.3% ** Nerdy Inc NRDY.N, down 10.8% ** Gaotu Techedu Inc GOTU.N, down 10.2% The top three Nasdaq .PG.O percentage gainers: ** Secoo Holding Ltd SECO.O, up 126.2% ** Cardio Diagnostics Holdings Inc CDIO.O, up 100% ** Kalera Plc KAL.O, up 40.3% The top three Nasdaq .PL.O percentage losers: ** ReShape Lifesciences Inc RSLS.O, down 57.9% ** PONO Capital Corp AWIN.O, down 48.4% ** Semler Scientific Inc SMLR.O, down 37.3% ** Catalent Inc CTLT.N: up 20.0% BUZZ - Jumps on report of buyout interest from Danaher
** Tesla Inc TSLA.O: up 2.1% BUZZ - Rises as Musk found not guilty in case over 'take-private' tweet
** Newmont Corp NEM.N: down 4.7% BUZZ - Falls as doubts emerge over Newcrest bid
** Alibaba Group Holding Ltd BABA.N: down 0.6%
** JD.com Inc JD.O: down 1.8%
** Pinduoduo Inc PDD.O: down 2.7%
** Gaotu Techedu Inc GOTU.N: down 10.2% BUZZ - China ADRs slip on strained U.S.-China ties over suspected spy balloon
** Dell Technologies Inc DELL.N: down 2.7% BUZZ - Falls, co to cut about 6,650 jobs amid PC slump
** Children's Place Inc PLCE.O: down 3.8% BUZZ - Slumps on switching Q4 forecast to a loss
** Lyft Inc LYFT.O: down 1.1% BUZZ - Falls after top analyst downgrades stock ahead of earnings
** General Dynamics Corp GD.N: up 0.7%
** Northrop Grumman Corp NOC.N: up 2.1% BUZZ - Credit Suisse positive on aerospace, defense sector over strong outlook
** Tyson Foods Inc TSN.N: down 4.7% BUZZ - Falls after Q1 results miss estimates
** RedHill Biopharma Ltd RDHL.O: up 9.9% BUZZ - Up after selling constipation drug rights to clear debt
** Corsair Gaming Inc CRSR.O: down 4.2% BUZZ - Wedbush bearish on Corsair Gaming in near-term, downgrades to 'neutral'
** Datadog Inc DDOG.O: down 2.2% BUZZ - Falls as KeyBanc downgrades to 'sector weight' on slower cloud spending
** RH RH.N: down 7.1% BUZZ - Falls after EPS restatement due to calculation error
** Context Therapeutics Inc CNTX.O: up 6.4% BUZZ - Up on uterus cancer drug trial data
** Acutus Medical Inc AFIB.O: up 2.5% BUZZ - Rises as heart device shows promise in study
** Durect Corp DRRX.O: down 8.0% BUZZ - Falls on raising going concern doubts
** Vinco Ventures Inc BBIG.O: up 15.9% BUZZ - Rises on buying more print, digital media assets through JV
** Splunk Inc SPLK.O: up 0.4% BUZZ - Gains on KeyBanc rating upgrade
** CorEnergy Infrastructure Trust Inc CORR.N: down 13.0% BUZZ - Falls on suspending dividend payments ** ReShape Lifesciences Inc RSLS.O: down 57.9%
BUZZ - Plunges on deep-discounted equity offering
** IDEXX Laboratories Inc IDXX.O: up 2.0%
BUZZ - Rises on Q4 profit beat
** Carlyle Group Inc CG.O: down 2.7%
BUZZ - Drops in weak market after naming new CEO
** Apple Inc AAPL.O: down 1.7%
BUZZ - Top buyers cut spending on chips last year - Gartner
** Energizer Holdings Inc ENR.N: down 6.7%
BUZZ - Falls on Q1 earnings miss
** Viridian Therapeutics Inc VRDN.O: down 1.3%
BUZZ - Falls on CEO transition
** Canoo Inc GOEV.O: down 11.6%
BUZZ - Skids on direct stock deal
** PayPal Holdings Inc PYPL.O: down 3.2%
BUZZ - Falls as Raymond James cuts rating on branded checkout weakness
** Pinterest Inc PINS.N: up 0.9%
BUZZ - Gains ahead of Q4 results
** C3.ai Inc AI.N: up 2.7%
** BigBear.ai Holdings Inc BBAI.N: up 7.7%
** SoundHound AI SOUN.O: up 22.0%
BUZZ - AI stocks draw retail attention, shares jump
** Opiant Pharmaceuticals Inc OPNT.O: up 4.0%
BUZZ - Rises as waiting period for Indivior deal expires
** Spotify Technology SA SPOT.N: up 1.4%
BUZZ - Gains as Wells Fargo upgrades rating, raises PT
** Fat Brands Inc FAT.O: up 3.6%
BUZZ - Jumps on adding 362 more store to development pipeline
** Omeros Corp OMER.O: up 35.9%
BUZZ - Gains on $200 mln milestone payment from Rayner Surgical
** Hayward Holdings Inc HAYW.N: down 3.9%
** Pool Corp POOL.O: down 4.0%
BUZZ - Pool equipment suppliers plunge as Stifel moves to sidelines
** Seagen Inc SGEN.N: down 0.8%
BUZZ - SVB Securities cuts Seagen's rating on duration concerns of cancer drug
** SenesTech Inc SNES.O: up 11.6%
BUZZ - Rises on general use approval of rat contraceptive in New York state
** ServiceNow Inc NOW.N: down 3.3%
BUZZ - Down after CEO sells about $25 mln worth of shares
** Black Stone Minerals LP BSM.N: down 1.6%
** Antero Resources Corp AR.N: down 4.9%
** Southwestern Energy Co SWN.N: down 5.0%
** Coterra Energy Inc CTRA.N: down 2.4%
BUZZ - Raymond James downgrades U.S. natgas cos on bearish sector outlook
** Mesa Laboratories Inc MLAB.O: down 6.5%
BUZZ - Down on lower-than-estimated Q3 earnings
** Alvotech SA ALVO.O: up 3.6%
BUZZ - Up on deal to commercialize Novartis' biosimilar asthma drug
** Chevron Corp CVX.N: down 0.4%
** Exxon Mobil Corp XOM.N: down 0.1%
** EOG Resources Inc EOG.N: down 0.9%
** Phillips 66 PSX.N: down 1.2%
BUZZ - Energy firms fall on firmer dollar, recession woes
** Freeport-McMoRan Inc FCX.N: down 0.6%
** Southern Copper Corp SCCO.N: down 1.5%
** Rio Tinto Ltd RIO.N: down 1.3%
** BHP Group Ltd BHP.N: down 1.7%
BUZZ - Copper miners fall on demand worries, stronger dollar
** Uber Technologies Inc UBER.N: up 1.6%
BUZZ - Gains as Wedbush expects 'next gear of growth' in 2023
** Timken Co TKR.N: down 5.5%
BUZZ - Shares eye worst day in two years after 'light' FY23 sales forecast
** New Fortress Energy Inc NFE.O: down 2.5%
BUZZ - Sells stake in Hilli LNG facility, shares fall
** Daseke Inc DSKE.O: up 9.7%
BUZZ - Jumps on upbeat Q4 results
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
down 1.34%
Consumer Discretionary
.SPLRCD
down 0.27%
Consumer Staples
.SPLRCS
up 0.01%
Energy
.SPNY
down 0.57%
Financial
.SPSY
down 0.29%
Health
.SPXHC
down 0.20%
Industrial
.SPLRCI
down 0.25%
Information Technology
.SPLRCT
down 1.19%
Materials
.SPLRCM
down 1.15%
Real Estate
.SPLRCR
down 1.19%
Utilities
.SPLRCU
down 0.16%
(Compiled by Rajarshi Roy and Anne Florentyna Gnanaraja Sekar in Bengaluru)
((AnneFlorentyna.GnanarajaSekar@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The top three S&P 500 .PG.INX percentage gainers: ** Catalent Inc CTLT.N, up 20% ** Humana Inc HUM.N, up 2.9% ** Gilead Sciences Inc GILD.O, up 2.7% The top three S&P 500 .PL.INX percentage losers: ** VF Corp VFC.N, down 5.6% ** DXC Technology Co DXC.N, down 5% ** Tyson Foods Inc TSN.N, down 4.7% The top two NYSE .PG.N percentage gainers: ** Lanvin Group Holdings Ltd LANV.N, up 13.2% ** Life Storage Inc LSI.N, up 12.2% The top three NYSE .PL.N percentage losers: ** Nordstrom Inc JWN.N, down 12.3% ** Nerdy Inc NRDY.N, down 10.8% ** Gaotu Techedu Inc GOTU.N, down 10.2% The top three Nasdaq .PG.O percentage gainers: ** Secoo Holding Ltd SECO.O, up 126.2% ** Cardio Diagnostics Holdings Inc CDIO.O, up 100% ** Kalera Plc KAL.O, up 40.3% The top three Nasdaq .PL.O percentage losers: ** ReShape Lifesciences Inc RSLS.O, down 57.9% ** PONO Capital Corp AWIN.O, down 48.4% ** Semler Scientific Inc SMLR.O, down 37.3% ** Catalent Inc CTLT.N: up 20.0% BUZZ - Jumps on report of buyout interest from Danaher ** Tesla Inc TSLA.O: up 2.1% BUZZ - Rises as Musk found not guilty in case over 'take-private' tweet ** Newmont Corp NEM.N: down 4.7% BUZZ - Falls as doubts emerge over Newcrest bid ** Alibaba Group Holding Ltd BABA.N: down 0.6% ** JD.com Inc JD.O: down 1.8% ** Pinduoduo Inc PDD.O: down 2.7% ** Gaotu Techedu Inc GOTU.N: down 10.2% BUZZ - China ADRs slip on strained U.S.-China ties over suspected spy balloon ** Dell Technologies Inc DELL.N: down 2.7% BUZZ - Falls, co to cut about 6,650 jobs amid PC slump ** Children's Place Inc PLCE.O: down 3.8% BUZZ - Slumps on switching Q4 forecast to a loss ** Lyft Inc LYFT.O: down 1.1% BUZZ - Falls after top analyst downgrades stock ahead of earnings ** General Dynamics Corp GD.N: up 0.7% ** Northrop Grumman Corp NOC.N: up 2.1% BUZZ - Credit Suisse positive on aerospace, defense sector over strong outlook ** Tyson Foods Inc TSN.N: down 4.7% BUZZ - Falls after Q1 results miss estimates ** RedHill Biopharma Ltd RDHL.O: up 9.9% BUZZ - Up after selling constipation drug rights to clear debt ** Corsair Gaming Inc CRSR.O: down 4.2% BUZZ - Wedbush bearish on Corsair Gaming in near-term, downgrades to 'neutral' ** Datadog Inc DDOG.O: down 2.2% BUZZ - Falls as KeyBanc downgrades to 'sector weight' on slower cloud spending ** RH RH.N: down 7.1% BUZZ - Falls after EPS restatement due to calculation error ** Context Therapeutics Inc CNTX.O: up 6.4% BUZZ - Up on uterus cancer drug trial data ** Acutus Medical Inc AFIB.O: up 2.5% BUZZ - Rises as heart device shows promise in study ** Durect Corp DRRX.O: down 8.0% BUZZ - Falls on raising going concern doubts ** Vinco Ventures Inc BBIG.O: up 15.9% BUZZ - Rises on buying more print, digital media assets through JV ** Splunk Inc SPLK.O: up 0.4% BUZZ - Gains on KeyBanc rating upgrade ** CorEnergy Infrastructure Trust Inc CORR.N: down 13.0% BUZZ - Falls on suspending dividend payments ** ReShape Lifesciences Inc RSLS.O: down 57.9% BUZZ - Plunges on deep-discounted equity offering ** IDEXX Laboratories Inc IDXX.O: up 2.0% BUZZ - Rises on Q4 profit beat ** Carlyle Group Inc CG.O: down 2.7% BUZZ - Drops in weak market after naming new CEO ** Apple Inc AAPL.O: down 1.7% BUZZ - Top buyers cut spending on chips last year - Gartner ** Energizer Holdings Inc ENR.N: down 6.7% BUZZ - Falls on Q1 earnings miss ** Viridian Therapeutics Inc VRDN.O: down 1.3% BUZZ - Falls on CEO transition ** Canoo Inc GOEV.O: down 11.6% BUZZ - Skids on direct stock deal ** PayPal Holdings Inc PYPL.O: down 3.2% BUZZ - Falls as Raymond James cuts rating on branded checkout weakness ** Pinterest Inc PINS.N: up 0.9% BUZZ - Gains ahead of Q4 results ** C3.ai Inc AI.N: up 2.7% ** BigBear.ai Holdings Inc BBAI.N: up 7.7% ** SoundHound AI SOUN.O: up 22.0% BUZZ - AI stocks draw retail attention, shares jump ** Opiant Pharmaceuticals Inc OPNT.O: up 4.0% BUZZ - Rises as waiting period for Indivior deal expires ** Spotify Technology SA SPOT.N: up 1.4% BUZZ - Gains as Wells Fargo upgrades rating, raises PT ** Fat Brands Inc FAT.O: up 3.6% BUZZ - Jumps on adding 362 more store to development pipeline ** Omeros Corp OMER.O: up 35.9% BUZZ - Gains on $200 mln milestone payment from Rayner Surgical ** Hayward Holdings Inc HAYW.N: down 3.9% ** Pool Corp POOL.O: down 4.0% BUZZ - Pool equipment suppliers plunge as Stifel moves to sidelines ** Seagen Inc SGEN.N: down 0.8% BUZZ - SVB Securities cuts Seagen's rating on duration concerns of cancer drug ** SenesTech Inc SNES.O: up 11.6% BUZZ - Rises on general use approval of rat contraceptive in New York state ** ServiceNow Inc NOW.N: down 3.3% BUZZ - Down after CEO sells about $25 mln worth of shares ** Black Stone Minerals LP BSM.N: down 1.6% ** Antero Resources Corp AR.N: down 4.9% ** Southwestern Energy Co SWN.N: down 5.0% ** Coterra Energy Inc CTRA.N: down 2.4% BUZZ - Raymond James downgrades U.S. natgas cos on bearish sector outlook ** Mesa Laboratories Inc MLAB.O: down 6.5% BUZZ - Down on lower-than-estimated Q3 earnings ** Alvotech SA ALVO.O: up 3.6% BUZZ - Up on deal to commercialize Novartis' biosimilar asthma drug ** Chevron Corp CVX.N: down 0.4% ** Exxon Mobil Corp XOM.N: down 0.1% ** EOG Resources Inc EOG.N: down 0.9% ** Phillips 66 PSX.N: down 1.2% BUZZ - Energy firms fall on firmer dollar, recession woes ** Freeport-McMoRan Inc FCX.N: down 0.6% ** Southern Copper Corp SCCO.N: down 1.5% ** Rio Tinto Ltd RIO.N: down 1.3% ** BHP Group Ltd BHP.N: down 1.7% BUZZ - Copper miners fall on demand worries, stronger dollar ** Uber Technologies Inc UBER.N: up 1.6% BUZZ - Gains as Wedbush expects 'next gear of growth' in 2023 ** Timken Co TKR.N: down 5.5% BUZZ - Shares eye worst day in two years after 'light' FY23 sales forecast ** New Fortress Energy Inc NFE.O: down 2.5% BUZZ - Sells stake in Hilli LNG facility, shares fall ** Daseke Inc DSKE.O: up 9.7% BUZZ - Jumps on upbeat Q4 results The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock indexes edged lower on Monday as investors awaited Federal Reserve Chair Jerome Powell's speech for clues on when the central bank would start cutting interest rates. down 0.16% (Compiled by Rajarshi Roy and Anne Florentyna Gnanaraja Sekar in Bengaluru) ((AnneFlorentyna.GnanarajaSekar@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The top three S&P 500 .PG.INX percentage gainers: ** Catalent Inc CTLT.N, up 20% ** Humana Inc HUM.N, up 2.9% ** Gilead Sciences Inc GILD.O, up 2.7% The top three S&P 500 .PL.INX percentage losers: ** VF Corp VFC.N, down 5.6% ** DXC Technology Co DXC.N, down 5% ** Tyson Foods Inc TSN.N, down 4.7% The top two NYSE .PG.N percentage gainers: ** Lanvin Group Holdings Ltd LANV.N, up 13.2% ** Life Storage Inc LSI.N, up 12.2% The top three NYSE .PL.N percentage losers: ** Nordstrom Inc JWN.N, down 12.3% ** Nerdy Inc NRDY.N, down 10.8% ** Gaotu Techedu Inc GOTU.N, down 10.2% The top three Nasdaq .PG.O percentage gainers: ** Secoo Holding Ltd SECO.O, up 126.2% ** Cardio Diagnostics Holdings Inc CDIO.O, up 100% ** Kalera Plc KAL.O, up 40.3% The top three Nasdaq .PL.O percentage losers: ** ReShape Lifesciences Inc RSLS.O, down 57.9% ** PONO Capital Corp AWIN.O, down 48.4% ** Semler Scientific Inc SMLR.O, down 37.3% ** Catalent Inc CTLT.N: up 20.0% BUZZ - Jumps on report of buyout interest from Danaher ** Tesla Inc TSLA.O: up 2.1% BUZZ - Rises as Musk found not guilty in case over 'take-private' tweet ** Newmont Corp NEM.N: down 4.7% BUZZ - Falls as doubts emerge over Newcrest bid ** Alibaba Group Holding Ltd BABA.N: down 0.6% ** JD.com Inc JD.O: down 1.8% ** Pinduoduo Inc PDD.O: down 2.7% ** Gaotu Techedu Inc GOTU.N: down 10.2% BUZZ - China ADRs slip on strained U.S.-China ties over suspected spy balloon ** Dell Technologies Inc DELL.N: down 2.7% BUZZ - Falls, co to cut about 6,650 jobs amid PC slump ** Children's Place Inc PLCE.O: down 3.8% BUZZ - Slumps on switching Q4 forecast to a loss ** Lyft Inc LYFT.O: down 1.1% BUZZ - Falls after top analyst downgrades stock ahead of earnings ** General Dynamics Corp GD.N: up 0.7% ** Northrop Grumman Corp NOC.N: up 2.1% BUZZ - Credit Suisse positive on aerospace, defense sector over strong outlook ** Tyson Foods Inc TSN.N: down 4.7% BUZZ - Falls after Q1 results miss estimates ** RedHill Biopharma Ltd RDHL.O: up 9.9% BUZZ - Up after selling constipation drug rights to clear debt ** Corsair Gaming Inc CRSR.O: down 4.2% BUZZ - Wedbush bearish on Corsair Gaming in near-term, downgrades to 'neutral' ** Datadog Inc DDOG.O: down 2.2% BUZZ - Falls as KeyBanc downgrades to 'sector weight' on slower cloud spending ** RH RH.N: down 7.1% BUZZ - Falls after EPS restatement due to calculation error ** Context Therapeutics Inc CNTX.O: up 6.4% BUZZ - Up on uterus cancer drug trial data ** Acutus Medical Inc AFIB.O: up 2.5% BUZZ - Rises as heart device shows promise in study ** Durect Corp DRRX.O: down 8.0% BUZZ - Falls on raising going concern doubts ** Vinco Ventures Inc BBIG.O: up 15.9% BUZZ - Rises on buying more print, digital media assets through JV ** Splunk Inc SPLK.O: up 0.4% BUZZ - Gains on KeyBanc rating upgrade ** CorEnergy Infrastructure Trust Inc CORR.N: down 13.0% BUZZ - Falls on suspending dividend payments ** ReShape Lifesciences Inc RSLS.O: down 57.9% BUZZ - Plunges on deep-discounted equity offering ** IDEXX Laboratories Inc IDXX.O: up 2.0% BUZZ - Rises on Q4 profit beat ** Carlyle Group Inc CG.O: down 2.7% BUZZ - Drops in weak market after naming new CEO ** Apple Inc AAPL.O: down 1.7% BUZZ - Top buyers cut spending on chips last year - Gartner ** Energizer Holdings Inc ENR.N: down 6.7% BUZZ - Falls on Q1 earnings miss ** Viridian Therapeutics Inc VRDN.O: down 1.3% BUZZ - Falls on CEO transition ** Canoo Inc GOEV.O: down 11.6% BUZZ - Skids on direct stock deal ** PayPal Holdings Inc PYPL.O: down 3.2% BUZZ - Falls as Raymond James cuts rating on branded checkout weakness ** Pinterest Inc PINS.N: up 0.9% BUZZ - Gains ahead of Q4 results ** C3.ai Inc AI.N: up 2.7% ** BigBear.ai Holdings Inc BBAI.N: up 7.7% ** SoundHound AI SOUN.O: up 22.0% BUZZ - AI stocks draw retail attention, shares jump ** Opiant Pharmaceuticals Inc OPNT.O: up 4.0% BUZZ - Rises as waiting period for Indivior deal expires ** Spotify Technology SA SPOT.N: up 1.4% BUZZ - Gains as Wells Fargo upgrades rating, raises PT ** Fat Brands Inc FAT.O: up 3.6% BUZZ - Jumps on adding 362 more store to development pipeline ** Omeros Corp OMER.O: up 35.9% BUZZ - Gains on $200 mln milestone payment from Rayner Surgical ** Hayward Holdings Inc HAYW.N: down 3.9% ** Pool Corp POOL.O: down 4.0% BUZZ - Pool equipment suppliers plunge as Stifel moves to sidelines ** Seagen Inc SGEN.N: down 0.8% BUZZ - SVB Securities cuts Seagen's rating on duration concerns of cancer drug ** SenesTech Inc SNES.O: up 11.6% BUZZ - Rises on general use approval of rat contraceptive in New York state ** ServiceNow Inc NOW.N: down 3.3% BUZZ - Down after CEO sells about $25 mln worth of shares ** Black Stone Minerals LP BSM.N: down 1.6% ** Antero Resources Corp AR.N: down 4.9% ** Southwestern Energy Co SWN.N: down 5.0% ** Coterra Energy Inc CTRA.N: down 2.4% BUZZ - Raymond James downgrades U.S. natgas cos on bearish sector outlook ** Mesa Laboratories Inc MLAB.O: down 6.5% BUZZ - Down on lower-than-estimated Q3 earnings ** Alvotech SA ALVO.O: up 3.6% BUZZ - Up on deal to commercialize Novartis' biosimilar asthma drug ** Chevron Corp CVX.N: down 0.4% ** Exxon Mobil Corp XOM.N: down 0.1% ** EOG Resources Inc EOG.N: down 0.9% ** Phillips 66 PSX.N: down 1.2% BUZZ - Energy firms fall on firmer dollar, recession woes ** Freeport-McMoRan Inc FCX.N: down 0.6% ** Southern Copper Corp SCCO.N: down 1.5% ** Rio Tinto Ltd RIO.N: down 1.3% ** BHP Group Ltd BHP.N: down 1.7% BUZZ - Copper miners fall on demand worries, stronger dollar ** Uber Technologies Inc UBER.N: up 1.6% BUZZ - Gains as Wedbush expects 'next gear of growth' in 2023 ** Timken Co TKR.N: down 5.5% BUZZ - Shares eye worst day in two years after 'light' FY23 sales forecast ** New Fortress Energy Inc NFE.O: down 2.5% BUZZ - Sells stake in Hilli LNG facility, shares fall ** Daseke Inc DSKE.O: up 9.7% BUZZ - Jumps on upbeat Q4 results The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock indexes edged lower on Monday as investors awaited Federal Reserve Chair Jerome Powell's speech for clues on when the central bank would start cutting interest rates. down 0.16% (Compiled by Rajarshi Roy and Anne Florentyna Gnanaraja Sekar in Bengaluru) ((AnneFlorentyna.GnanarajaSekar@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The top three S&P 500 .PG.INX percentage gainers: ** Catalent Inc CTLT.N, up 20% ** Humana Inc HUM.N, up 2.9% ** Gilead Sciences Inc GILD.O, up 2.7% The top three S&P 500 .PL.INX percentage losers: ** VF Corp VFC.N, down 5.6% ** DXC Technology Co DXC.N, down 5% ** Tyson Foods Inc TSN.N, down 4.7% The top two NYSE .PG.N percentage gainers: ** Lanvin Group Holdings Ltd LANV.N, up 13.2% ** Life Storage Inc LSI.N, up 12.2% The top three NYSE .PL.N percentage losers: ** Nordstrom Inc JWN.N, down 12.3% ** Nerdy Inc NRDY.N, down 10.8% ** Gaotu Techedu Inc GOTU.N, down 10.2% The top three Nasdaq .PG.O percentage gainers: ** Secoo Holding Ltd SECO.O, up 126.2% ** Cardio Diagnostics Holdings Inc CDIO.O, up 100% ** Kalera Plc KAL.O, up 40.3% The top three Nasdaq .PL.O percentage losers: ** ReShape Lifesciences Inc RSLS.O, down 57.9% ** PONO Capital Corp AWIN.O, down 48.4% ** Semler Scientific Inc SMLR.O, down 37.3% ** Catalent Inc CTLT.N: up 20.0% BUZZ - Jumps on report of buyout interest from Danaher ** Tesla Inc TSLA.O: up 2.1% BUZZ - Rises as Musk found not guilty in case over 'take-private' tweet ** Newmont Corp NEM.N: down 4.7% BUZZ - Falls as doubts emerge over Newcrest bid ** Alibaba Group Holding Ltd BABA.N: down 0.6% ** JD.com Inc JD.O: down 1.8% ** Pinduoduo Inc PDD.O: down 2.7% ** Gaotu Techedu Inc GOTU.N: down 10.2% BUZZ - China ADRs slip on strained U.S.-China ties over suspected spy balloon ** Dell Technologies Inc DELL.N: down 2.7% BUZZ - Falls, co to cut about 6,650 jobs amid PC slump ** Children's Place Inc PLCE.O: down 3.8% BUZZ - Slumps on switching Q4 forecast to a loss ** Lyft Inc LYFT.O: down 1.1% BUZZ - Falls after top analyst downgrades stock ahead of earnings ** General Dynamics Corp GD.N: up 0.7% ** Northrop Grumman Corp NOC.N: up 2.1% BUZZ - Credit Suisse positive on aerospace, defense sector over strong outlook ** Tyson Foods Inc TSN.N: down 4.7% BUZZ - Falls after Q1 results miss estimates ** RedHill Biopharma Ltd RDHL.O: up 9.9% BUZZ - Up after selling constipation drug rights to clear debt ** Corsair Gaming Inc CRSR.O: down 4.2% BUZZ - Wedbush bearish on Corsair Gaming in near-term, downgrades to 'neutral' ** Datadog Inc DDOG.O: down 2.2% BUZZ - Falls as KeyBanc downgrades to 'sector weight' on slower cloud spending ** RH RH.N: down 7.1% BUZZ - Falls after EPS restatement due to calculation error ** Context Therapeutics Inc CNTX.O: up 6.4% BUZZ - Up on uterus cancer drug trial data ** Acutus Medical Inc AFIB.O: up 2.5% BUZZ - Rises as heart device shows promise in study ** Durect Corp DRRX.O: down 8.0% BUZZ - Falls on raising going concern doubts ** Vinco Ventures Inc BBIG.O: up 15.9% BUZZ - Rises on buying more print, digital media assets through JV ** Splunk Inc SPLK.O: up 0.4% BUZZ - Gains on KeyBanc rating upgrade ** CorEnergy Infrastructure Trust Inc CORR.N: down 13.0% BUZZ - Falls on suspending dividend payments ** ReShape Lifesciences Inc RSLS.O: down 57.9% BUZZ - Plunges on deep-discounted equity offering ** IDEXX Laboratories Inc IDXX.O: up 2.0% BUZZ - Rises on Q4 profit beat ** Carlyle Group Inc CG.O: down 2.7% BUZZ - Drops in weak market after naming new CEO ** Apple Inc AAPL.O: down 1.7% BUZZ - Top buyers cut spending on chips last year - Gartner ** Energizer Holdings Inc ENR.N: down 6.7% BUZZ - Falls on Q1 earnings miss ** Viridian Therapeutics Inc VRDN.O: down 1.3% BUZZ - Falls on CEO transition ** Canoo Inc GOEV.O: down 11.6% BUZZ - Skids on direct stock deal ** PayPal Holdings Inc PYPL.O: down 3.2% BUZZ - Falls as Raymond James cuts rating on branded checkout weakness ** Pinterest Inc PINS.N: up 0.9% BUZZ - Gains ahead of Q4 results ** C3.ai Inc AI.N: up 2.7% ** BigBear.ai Holdings Inc BBAI.N: up 7.7% ** SoundHound AI SOUN.O: up 22.0% BUZZ - AI stocks draw retail attention, shares jump ** Opiant Pharmaceuticals Inc OPNT.O: up 4.0% BUZZ - Rises as waiting period for Indivior deal expires ** Spotify Technology SA SPOT.N: up 1.4% BUZZ - Gains as Wells Fargo upgrades rating, raises PT ** Fat Brands Inc FAT.O: up 3.6% BUZZ - Jumps on adding 362 more store to development pipeline ** Omeros Corp OMER.O: up 35.9% BUZZ - Gains on $200 mln milestone payment from Rayner Surgical ** Hayward Holdings Inc HAYW.N: down 3.9% ** Pool Corp POOL.O: down 4.0% BUZZ - Pool equipment suppliers plunge as Stifel moves to sidelines ** Seagen Inc SGEN.N: down 0.8% BUZZ - SVB Securities cuts Seagen's rating on duration concerns of cancer drug ** SenesTech Inc SNES.O: up 11.6% BUZZ - Rises on general use approval of rat contraceptive in New York state ** ServiceNow Inc NOW.N: down 3.3% BUZZ - Down after CEO sells about $25 mln worth of shares ** Black Stone Minerals LP BSM.N: down 1.6% ** Antero Resources Corp AR.N: down 4.9% ** Southwestern Energy Co SWN.N: down 5.0% ** Coterra Energy Inc CTRA.N: down 2.4% BUZZ - Raymond James downgrades U.S. natgas cos on bearish sector outlook ** Mesa Laboratories Inc MLAB.O: down 6.5% BUZZ - Down on lower-than-estimated Q3 earnings ** Alvotech SA ALVO.O: up 3.6% BUZZ - Up on deal to commercialize Novartis' biosimilar asthma drug ** Chevron Corp CVX.N: down 0.4% ** Exxon Mobil Corp XOM.N: down 0.1% ** EOG Resources Inc EOG.N: down 0.9% ** Phillips 66 PSX.N: down 1.2% BUZZ - Energy firms fall on firmer dollar, recession woes ** Freeport-McMoRan Inc FCX.N: down 0.6% ** Southern Copper Corp SCCO.N: down 1.5% ** Rio Tinto Ltd RIO.N: down 1.3% ** BHP Group Ltd BHP.N: down 1.7% BUZZ - Copper miners fall on demand worries, stronger dollar ** Uber Technologies Inc UBER.N: up 1.6% BUZZ - Gains as Wedbush expects 'next gear of growth' in 2023 ** Timken Co TKR.N: down 5.5% BUZZ - Shares eye worst day in two years after 'light' FY23 sales forecast ** New Fortress Energy Inc NFE.O: down 2.5% BUZZ - Sells stake in Hilli LNG facility, shares fall ** Daseke Inc DSKE.O: up 9.7% BUZZ - Jumps on upbeat Q4 results The 11 major S&P 500 sectors: Communication Services .N At 13:31 ET, the Dow Jones Industrial Average .DJI was down 0.13% at 33,880.94. down 1.34% Consumer Discretionary
|
The top three S&P 500 .PG.INX percentage gainers: ** Catalent Inc CTLT.N, up 20% ** Humana Inc HUM.N, up 2.9% ** Gilead Sciences Inc GILD.O, up 2.7% The top three S&P 500 .PL.INX percentage losers: ** VF Corp VFC.N, down 5.6% ** DXC Technology Co DXC.N, down 5% ** Tyson Foods Inc TSN.N, down 4.7% The top two NYSE .PG.N percentage gainers: ** Lanvin Group Holdings Ltd LANV.N, up 13.2% ** Life Storage Inc LSI.N, up 12.2% The top three NYSE .PL.N percentage losers: ** Nordstrom Inc JWN.N, down 12.3% ** Nerdy Inc NRDY.N, down 10.8% ** Gaotu Techedu Inc GOTU.N, down 10.2% The top three Nasdaq .PG.O percentage gainers: ** Secoo Holding Ltd SECO.O, up 126.2% ** Cardio Diagnostics Holdings Inc CDIO.O, up 100% ** Kalera Plc KAL.O, up 40.3% The top three Nasdaq .PL.O percentage losers: ** ReShape Lifesciences Inc RSLS.O, down 57.9% ** PONO Capital Corp AWIN.O, down 48.4% ** Semler Scientific Inc SMLR.O, down 37.3% ** Catalent Inc CTLT.N: up 20.0% BUZZ - Jumps on report of buyout interest from Danaher ** Tesla Inc TSLA.O: up 2.1% BUZZ - Rises as Musk found not guilty in case over 'take-private' tweet ** Newmont Corp NEM.N: down 4.7% BUZZ - Falls as doubts emerge over Newcrest bid ** Alibaba Group Holding Ltd BABA.N: down 0.6% ** JD.com Inc JD.O: down 1.8% ** Pinduoduo Inc PDD.O: down 2.7% ** Gaotu Techedu Inc GOTU.N: down 10.2% BUZZ - China ADRs slip on strained U.S.-China ties over suspected spy balloon ** Dell Technologies Inc DELL.N: down 2.7% BUZZ - Falls, co to cut about 6,650 jobs amid PC slump ** Children's Place Inc PLCE.O: down 3.8% BUZZ - Slumps on switching Q4 forecast to a loss ** Lyft Inc LYFT.O: down 1.1% BUZZ - Falls after top analyst downgrades stock ahead of earnings ** General Dynamics Corp GD.N: up 0.7% ** Northrop Grumman Corp NOC.N: up 2.1% BUZZ - Credit Suisse positive on aerospace, defense sector over strong outlook ** Tyson Foods Inc TSN.N: down 4.7% BUZZ - Falls after Q1 results miss estimates ** RedHill Biopharma Ltd RDHL.O: up 9.9% BUZZ - Up after selling constipation drug rights to clear debt ** Corsair Gaming Inc CRSR.O: down 4.2% BUZZ - Wedbush bearish on Corsair Gaming in near-term, downgrades to 'neutral' ** Datadog Inc DDOG.O: down 2.2% BUZZ - Falls as KeyBanc downgrades to 'sector weight' on slower cloud spending ** RH RH.N: down 7.1% BUZZ - Falls after EPS restatement due to calculation error ** Context Therapeutics Inc CNTX.O: up 6.4% BUZZ - Up on uterus cancer drug trial data ** Acutus Medical Inc AFIB.O: up 2.5% BUZZ - Rises as heart device shows promise in study ** Durect Corp DRRX.O: down 8.0% BUZZ - Falls on raising going concern doubts ** Vinco Ventures Inc BBIG.O: up 15.9% BUZZ - Rises on buying more print, digital media assets through JV ** Splunk Inc SPLK.O: up 0.4% BUZZ - Gains on KeyBanc rating upgrade ** CorEnergy Infrastructure Trust Inc CORR.N: down 13.0% BUZZ - Falls on suspending dividend payments ** ReShape Lifesciences Inc RSLS.O: down 57.9% BUZZ - Plunges on deep-discounted equity offering ** IDEXX Laboratories Inc IDXX.O: up 2.0% BUZZ - Rises on Q4 profit beat ** Carlyle Group Inc CG.O: down 2.7% BUZZ - Drops in weak market after naming new CEO ** Apple Inc AAPL.O: down 1.7% BUZZ - Top buyers cut spending on chips last year - Gartner ** Energizer Holdings Inc ENR.N: down 6.7% BUZZ - Falls on Q1 earnings miss ** Viridian Therapeutics Inc VRDN.O: down 1.3% BUZZ - Falls on CEO transition ** Canoo Inc GOEV.O: down 11.6% BUZZ - Skids on direct stock deal ** PayPal Holdings Inc PYPL.O: down 3.2% BUZZ - Falls as Raymond James cuts rating on branded checkout weakness ** Pinterest Inc PINS.N: up 0.9% BUZZ - Gains ahead of Q4 results ** C3.ai Inc AI.N: up 2.7% ** BigBear.ai Holdings Inc BBAI.N: up 7.7% ** SoundHound AI SOUN.O: up 22.0% BUZZ - AI stocks draw retail attention, shares jump ** Opiant Pharmaceuticals Inc OPNT.O: up 4.0% BUZZ - Rises as waiting period for Indivior deal expires ** Spotify Technology SA SPOT.N: up 1.4% BUZZ - Gains as Wells Fargo upgrades rating, raises PT ** Fat Brands Inc FAT.O: up 3.6% BUZZ - Jumps on adding 362 more store to development pipeline ** Omeros Corp OMER.O: up 35.9% BUZZ - Gains on $200 mln milestone payment from Rayner Surgical ** Hayward Holdings Inc HAYW.N: down 3.9% ** Pool Corp POOL.O: down 4.0% BUZZ - Pool equipment suppliers plunge as Stifel moves to sidelines ** Seagen Inc SGEN.N: down 0.8% BUZZ - SVB Securities cuts Seagen's rating on duration concerns of cancer drug ** SenesTech Inc SNES.O: up 11.6% BUZZ - Rises on general use approval of rat contraceptive in New York state ** ServiceNow Inc NOW.N: down 3.3% BUZZ - Down after CEO sells about $25 mln worth of shares ** Black Stone Minerals LP BSM.N: down 1.6% ** Antero Resources Corp AR.N: down 4.9% ** Southwestern Energy Co SWN.N: down 5.0% ** Coterra Energy Inc CTRA.N: down 2.4% BUZZ - Raymond James downgrades U.S. natgas cos on bearish sector outlook ** Mesa Laboratories Inc MLAB.O: down 6.5% BUZZ - Down on lower-than-estimated Q3 earnings ** Alvotech SA ALVO.O: up 3.6% BUZZ - Up on deal to commercialize Novartis' biosimilar asthma drug ** Chevron Corp CVX.N: down 0.4% ** Exxon Mobil Corp XOM.N: down 0.1% ** EOG Resources Inc EOG.N: down 0.9% ** Phillips 66 PSX.N: down 1.2% BUZZ - Energy firms fall on firmer dollar, recession woes ** Freeport-McMoRan Inc FCX.N: down 0.6% ** Southern Copper Corp SCCO.N: down 1.5% ** Rio Tinto Ltd RIO.N: down 1.3% ** BHP Group Ltd BHP.N: down 1.7% BUZZ - Copper miners fall on demand worries, stronger dollar ** Uber Technologies Inc UBER.N: up 1.6% BUZZ - Gains as Wedbush expects 'next gear of growth' in 2023 ** Timken Co TKR.N: down 5.5% BUZZ - Shares eye worst day in two years after 'light' FY23 sales forecast ** New Fortress Energy Inc NFE.O: down 2.5% BUZZ - Sells stake in Hilli LNG facility, shares fall ** Daseke Inc DSKE.O: up 9.7% BUZZ - Jumps on upbeat Q4 results The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock indexes edged lower on Monday as investors awaited Federal Reserve Chair Jerome Powell's speech for clues on when the central bank would start cutting interest rates. .N At 13:31 ET, the Dow Jones Industrial Average .DJI was down 0.13% at 33,880.94.
|
5dc5571d-d470-495a-94ca-ca46d3dce888
|
725573.0
|
2023-02-06 00:00:00 UTC
|
Technology Sector Update for 02/06/2023: DELL, ON, UMC, XLK, SOXX
|
DELL
|
https://www.nasdaq.com/articles/technology-sector-update-for-02-06-2023%3A-dell-on-umc-xlk-soxx-0
|
nan
|
nan
|
Technology stocks were lower Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) falling 1.1%. The Philadelphia Semiconductor Index was declining 1.5% and the iShares Semiconductor ETF (SOXX) was off 1.3%.
In company news, Dell Technologies (DELL) shares were falling more than 3% after the company reported in a regulatory filing that it will reduce its workforce by 5% as part of a planned reorganization.
ON Semiconductor (ON) stock was 1.5% higher after the company reported Q4 adjusted earnings of $1.32 per diluted share, up from $1.09 a year ago. Analysts polled by Capital IQ expected $1.26.
United Microelectronics' (UMC) shares were down more than 3% after it reported January sales of NT$19.59 billion ($653.2 million), down 4.3% from a year earlier.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In company news, Dell Technologies (DELL) shares were falling more than 3% after the company reported in a regulatory filing that it will reduce its workforce by 5% as part of a planned reorganization. ON Semiconductor (ON) stock was 1.5% higher after the company reported Q4 adjusted earnings of $1.32 per diluted share, up from $1.09 a year ago. United Microelectronics' (UMC) shares were down more than 3% after it reported January sales of NT$19.59 billion ($653.2 million), down 4.3% from a year earlier.
|
In company news, Dell Technologies (DELL) shares were falling more than 3% after the company reported in a regulatory filing that it will reduce its workforce by 5% as part of a planned reorganization. Technology stocks were lower Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) falling 1.1%. ON Semiconductor (ON) stock was 1.5% higher after the company reported Q4 adjusted earnings of $1.32 per diluted share, up from $1.09 a year ago.
|
In company news, Dell Technologies (DELL) shares were falling more than 3% after the company reported in a regulatory filing that it will reduce its workforce by 5% as part of a planned reorganization. ON Semiconductor (ON) stock was 1.5% higher after the company reported Q4 adjusted earnings of $1.32 per diluted share, up from $1.09 a year ago. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In company news, Dell Technologies (DELL) shares were falling more than 3% after the company reported in a regulatory filing that it will reduce its workforce by 5% as part of a planned reorganization. ON Semiconductor (ON) stock was 1.5% higher after the company reported Q4 adjusted earnings of $1.32 per diluted share, up from $1.09 a year ago. Analysts polled by Capital IQ expected $1.26.
|
810b7d71-c1b6-4cd3-832b-15617445dd14
|
725574.0
|
2023-02-06 00:00:00 UTC
|
Technology Sector Update for 02/06/2023: DELL, ON, UMC, XLK, SOXX
|
DELL
|
https://www.nasdaq.com/articles/technology-sector-update-for-02-06-2023%3A-dell-on-umc-xlk-soxx
|
nan
|
nan
|
Technology stocks were retreating pre-bell Monday. The Technology Select Sector SPDR Fund (XLK) and the iShares Semiconductor ETF (SOXX) were slipping past 1% recently.
Dell Technologies (DELL) was over 1% higher after it confirmed in a regulatory filing that a planned reorganization across the company will result in a reduction of about 5% of its workforce.
ON Semiconductor (ON) posted Q4 adjusted earnings of $1.32 per diluted share, up from $1.09 per share a year ago. Analysts polled by Capital IQ expected adjusted EPS of $1.26. ON Semiconductor was slipping past 4% recently.
United Microelectronics (UMC) was over 2% lower after it reported sales of NT$19.59 billion ($653.2 million) in January, down 4.3% from a year earlier.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Dell Technologies (DELL) was over 1% higher after it confirmed in a regulatory filing that a planned reorganization across the company will result in a reduction of about 5% of its workforce. The Technology Select Sector SPDR Fund (XLK) and the iShares Semiconductor ETF (SOXX) were slipping past 1% recently. Analysts polled by Capital IQ expected adjusted EPS of $1.26.
|
Dell Technologies (DELL) was over 1% higher after it confirmed in a regulatory filing that a planned reorganization across the company will result in a reduction of about 5% of its workforce. The Technology Select Sector SPDR Fund (XLK) and the iShares Semiconductor ETF (SOXX) were slipping past 1% recently. ON Semiconductor was slipping past 4% recently.
|
Dell Technologies (DELL) was over 1% higher after it confirmed in a regulatory filing that a planned reorganization across the company will result in a reduction of about 5% of its workforce. The Technology Select Sector SPDR Fund (XLK) and the iShares Semiconductor ETF (SOXX) were slipping past 1% recently. ON Semiconductor (ON) posted Q4 adjusted earnings of $1.32 per diluted share, up from $1.09 per share a year ago.
|
Dell Technologies (DELL) was over 1% higher after it confirmed in a regulatory filing that a planned reorganization across the company will result in a reduction of about 5% of its workforce. Technology stocks were retreating pre-bell Monday. The Technology Select Sector SPDR Fund (XLK) and the iShares Semiconductor ETF (SOXX) were slipping past 1% recently.
|
9ae49e60-d28a-4f98-854d-64dda259d62a
|
725575.0
|
2023-02-06 00:00:00 UTC
|
Dell to lay off 5% of workforce amid PC slump
|
DELL
|
https://www.nasdaq.com/articles/dell-to-lay-off-5-of-workforce-amid-pc-slump
|
nan
|
nan
|
Feb 6 (Reuters) - Dell Technologies Inc DELL.N said on Monday it would lay off about 5% of its workforce as it struggles with a slump in the personal computer market and braces for a potential recession.
PC demand has collapsed after a two-year boom during the pandemic when people working from home splurged on everything from new monitors and laptops to keyboards.
The layoffs also add to the thousands of cuts in the tech industry whose outlook has been shaken by a drop in spending by consumers and businesses due to rising interest rates.
(Reporting by Aditya Soni; Editing by Savio D'Souza)
((Aditya.Soni@thomsonreuters.com; +91 80 6749 1130;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Feb 6 (Reuters) - Dell Technologies Inc DELL.N said on Monday it would lay off about 5% of its workforce as it struggles with a slump in the personal computer market and braces for a potential recession. PC demand has collapsed after a two-year boom during the pandemic when people working from home splurged on everything from new monitors and laptops to keyboards. The layoffs also add to the thousands of cuts in the tech industry whose outlook has been shaken by a drop in spending by consumers and businesses due to rising interest rates.
|
Feb 6 (Reuters) - Dell Technologies Inc DELL.N said on Monday it would lay off about 5% of its workforce as it struggles with a slump in the personal computer market and braces for a potential recession. PC demand has collapsed after a two-year boom during the pandemic when people working from home splurged on everything from new monitors and laptops to keyboards. (Reporting by Aditya Soni; Editing by Savio D'Souza) ((Aditya.Soni@thomsonreuters.com; +91 80 6749 1130;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Feb 6 (Reuters) - Dell Technologies Inc DELL.N said on Monday it would lay off about 5% of its workforce as it struggles with a slump in the personal computer market and braces for a potential recession. The layoffs also add to the thousands of cuts in the tech industry whose outlook has been shaken by a drop in spending by consumers and businesses due to rising interest rates. (Reporting by Aditya Soni; Editing by Savio D'Souza) ((Aditya.Soni@thomsonreuters.com; +91 80 6749 1130;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Feb 6 (Reuters) - Dell Technologies Inc DELL.N said on Monday it would lay off about 5% of its workforce as it struggles with a slump in the personal computer market and braces for a potential recession. PC demand has collapsed after a two-year boom during the pandemic when people working from home splurged on everything from new monitors and laptops to keyboards. The layoffs also add to the thousands of cuts in the tech industry whose outlook has been shaken by a drop in spending by consumers and businesses due to rising interest rates.
|
2a6af1d3-d5f9-44e9-95e1-cee681b185a0
|
725576.0
|
2023-02-06 00:00:00 UTC
|
Dell to slash about 6,650 jobs -Bloomberg News
|
DELL
|
https://www.nasdaq.com/articles/dell-to-slash-about-6650-jobs-bloomberg-news-0
|
nan
|
nan
|
Updates with details and background
Feb 6 (Reuters) - Dell Technologies Inc DELL.N will eliminate about 6,650 jobs, or about 5% of its global workforce, hurt by falling demand for its personal computers, Bloomberg News reported on Monday.
The company is experiencing market conditions that "continue to erode with an uncertain future," co-Chief Operating Officer Jeff Clarke wrote in a memo to employees, the report said.
The previous cost-cutting measures, including a pause on hiring and limits on travel, are no longer enough, Clarke said in the memo.
The department reorganizations and job cuts are an opportunity to drive efficiency, a company spokesperson told Bloomberg News.
Dell did not immediately respond to a Reuters email for comment.
Companies from Microsoft Corp MSFT.O to Amazon.com Inc AMZN.O and Goldman Sachs Group Inc GS.N have cut thousands of jobs recently to help ride out a demand downturn as consumer and corporate spending shrinks due to high inflation and rising interest rates.
Layoffs in the United States hit a more than two-year high in January as technology firms cut jobs at the second-highest pace on record to brace for a possible recession, a report showed on Thursday.
(Reporting by Shivani Tanna in Bengaluru; Editing by Savio D'Souza)
((ShivaniJayesh.Tanna@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Updates with details and background Feb 6 (Reuters) - Dell Technologies Inc DELL.N will eliminate about 6,650 jobs, or about 5% of its global workforce, hurt by falling demand for its personal computers, Bloomberg News reported on Monday. Dell did not immediately respond to a Reuters email for comment. Companies from Microsoft Corp MSFT.O to Amazon.com Inc AMZN.O and Goldman Sachs Group Inc GS.N have cut thousands of jobs recently to help ride out a demand downturn as consumer and corporate spending shrinks due to high inflation and rising interest rates.
|
Updates with details and background Feb 6 (Reuters) - Dell Technologies Inc DELL.N will eliminate about 6,650 jobs, or about 5% of its global workforce, hurt by falling demand for its personal computers, Bloomberg News reported on Monday. Dell did not immediately respond to a Reuters email for comment. The department reorganizations and job cuts are an opportunity to drive efficiency, a company spokesperson told Bloomberg News.
|
Updates with details and background Feb 6 (Reuters) - Dell Technologies Inc DELL.N will eliminate about 6,650 jobs, or about 5% of its global workforce, hurt by falling demand for its personal computers, Bloomberg News reported on Monday. Dell did not immediately respond to a Reuters email for comment. Companies from Microsoft Corp MSFT.O to Amazon.com Inc AMZN.O and Goldman Sachs Group Inc GS.N have cut thousands of jobs recently to help ride out a demand downturn as consumer and corporate spending shrinks due to high inflation and rising interest rates.
|
Updates with details and background Feb 6 (Reuters) - Dell Technologies Inc DELL.N will eliminate about 6,650 jobs, or about 5% of its global workforce, hurt by falling demand for its personal computers, Bloomberg News reported on Monday. Dell did not immediately respond to a Reuters email for comment. The company is experiencing market conditions that "continue to erode with an uncertain future," co-Chief Operating Officer Jeff Clarke wrote in a memo to employees, the report said.
|
3181bbf5-0148-4d29-90be-27eac6e5d44b
|
725577.0
|
2023-02-06 00:00:00 UTC
|
Dell to slash about 6,650 jobs -Bloomberg News
|
DELL
|
https://www.nasdaq.com/articles/dell-to-slash-about-6650-jobs-bloomberg-news
|
nan
|
nan
|
Feb 6 (Reuters) - Dell Technologies Inc DELL.N will eliminate about 6,650 jobs, or about 5% of its global workforce, Bloomberg news reported on Monday.
(Reporting by Shivani Tanna in Bengaluru; Editing by Savio D'Souza)
((ShivaniJayesh.Tanna@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Feb 6 (Reuters) - Dell Technologies Inc DELL.N will eliminate about 6,650 jobs, or about 5% of its global workforce, Bloomberg news reported on Monday. (Reporting by Shivani Tanna in Bengaluru; Editing by Savio D'Souza) ((ShivaniJayesh.Tanna@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Feb 6 (Reuters) - Dell Technologies Inc DELL.N will eliminate about 6,650 jobs, or about 5% of its global workforce, Bloomberg news reported on Monday. (Reporting by Shivani Tanna in Bengaluru; Editing by Savio D'Souza) ((ShivaniJayesh.Tanna@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Feb 6 (Reuters) - Dell Technologies Inc DELL.N will eliminate about 6,650 jobs, or about 5% of its global workforce, Bloomberg news reported on Monday. (Reporting by Shivani Tanna in Bengaluru; Editing by Savio D'Souza) ((ShivaniJayesh.Tanna@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Feb 6 (Reuters) - Dell Technologies Inc DELL.N will eliminate about 6,650 jobs, or about 5% of its global workforce, Bloomberg news reported on Monday. (Reporting by Shivani Tanna in Bengaluru; Editing by Savio D'Souza) ((ShivaniJayesh.Tanna@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
a368b547-5b5d-4de4-ba1d-5506e89df380
|
725578.0
|
2023-02-02 00:00:00 UTC
|
March 24th Options Now Available For Dell Technologies
|
DELL
|
https://www.nasdaq.com/articles/march-24th-options-now-available-for-dell-technologies
|
nan
|
nan
|
Investors in Dell Technologies Inc (Symbol: DELL) saw new options begin trading today, for the March 24th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new March 24th contracts and identified one put and one call contract of particular interest.
The put contract at the $41.00 strike price has a current bid of $1.13. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $41.00, but will also collect the premium, putting the cost basis of the shares at $39.87 (before broker commissions). To an investor already interested in purchasing shares of DELL, that could represent an attractive alternative to paying $42.52/share today.
Because the $41.00 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 2.76% return on the cash commitment, or 20.14% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Dell Technologies Inc, and highlighting in green where the $41.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $43.00 strike price has a current bid of $1.66. If an investor was to purchase shares of DELL stock at the current price level of $42.52/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $43.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 5.03% if the stock gets called away at the March 24th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DELL shares really soar, which is why looking at the trailing twelve month trading history for Dell Technologies Inc, as well as studying the business fundamentals becomes important. Below is a chart showing DELL's trailing twelve month trading history, with the $43.00 strike highlighted in red:
Considering the fact that the $43.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 3.90% boost of extra return to the investor, or 28.52% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $42.52) to be 43%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of Stocks Conducting Buybacks »
Also see:
Mega Mergers
IPVF Historical Stock Prices
THMD Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Below is a chart showing DELL's trailing twelve month trading history, with the $43.00 strike highlighted in red: Considering the fact that the $43.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Dell Technologies Inc (Symbol: DELL) saw new options begin trading today, for the March 24th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new March 24th contracts and identified one put and one call contract of particular interest.
|
Below is a chart showing DELL's trailing twelve month trading history, with the $43.00 strike highlighted in red: Considering the fact that the $43.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Investors in Dell Technologies Inc (Symbol: DELL) saw new options begin trading today, for the March 24th expiration.
|
Below is a chart showing the trailing twelve month trading history for Dell Technologies Inc, and highlighting in green where the $41.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $43.00 strike price has a current bid of $1.66. Below is a chart showing DELL's trailing twelve month trading history, with the $43.00 strike highlighted in red: Considering the fact that the $43.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Dell Technologies Inc (Symbol: DELL) saw new options begin trading today, for the March 24th expiration.
|
At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new March 24th contracts and identified one put and one call contract of particular interest. Below is a chart showing DELL's trailing twelve month trading history, with the $43.00 strike highlighted in red: Considering the fact that the $43.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Dell Technologies Inc (Symbol: DELL) saw new options begin trading today, for the March 24th expiration.
|
e6e5b8b1-8f2f-4c19-972b-c8dd91fe7668
|
725579.0
|
2023-02-02 00:00:00 UTC
|
Dell Technologies Breaks Above 200-Day Moving Average - Bullish for DELL
|
DELL
|
https://www.nasdaq.com/articles/dell-technologies-breaks-above-200-day-moving-average-bullish-for-dell-0
|
nan
|
nan
|
In trading on Thursday, shares of Dell Technologies Inc (Symbol: DELL) crossed above their 200 day moving average of $42.46, changing hands as high as $42.59 per share. Dell Technologies Inc shares are currently trading up about 2.7% on the day. The chart below shows the one year performance of DELL shares, versus its 200 day moving average:
Looking at the chart above, DELL's low point in its 52 week range is $32.895 per share, with $61.54 as the 52 week high point — that compares with a last trade of $42.41.
Free Report: Top 8%+ Dividends (paid monthly)
Click here to find out which 9 other stocks recently crossed above their 200 day moving average »
Also see:
EOX Historical Stock Prices
ETFs Holding PFLT
AEMD Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In trading on Thursday, shares of Dell Technologies Inc (Symbol: DELL) crossed above their 200 day moving average of $42.46, changing hands as high as $42.59 per share. The chart below shows the one year performance of DELL shares, versus its 200 day moving average: Looking at the chart above, DELL's low point in its 52 week range is $32.895 per share, with $61.54 as the 52 week high point — that compares with a last trade of $42.41. Dell Technologies Inc shares are currently trading up about 2.7% on the day.
|
In trading on Thursday, shares of Dell Technologies Inc (Symbol: DELL) crossed above their 200 day moving average of $42.46, changing hands as high as $42.59 per share. The chart below shows the one year performance of DELL shares, versus its 200 day moving average: Looking at the chart above, DELL's low point in its 52 week range is $32.895 per share, with $61.54 as the 52 week high point — that compares with a last trade of $42.41. Dell Technologies Inc shares are currently trading up about 2.7% on the day.
|
In trading on Thursday, shares of Dell Technologies Inc (Symbol: DELL) crossed above their 200 day moving average of $42.46, changing hands as high as $42.59 per share. The chart below shows the one year performance of DELL shares, versus its 200 day moving average: Looking at the chart above, DELL's low point in its 52 week range is $32.895 per share, with $61.54 as the 52 week high point — that compares with a last trade of $42.41. Dell Technologies Inc shares are currently trading up about 2.7% on the day.
|
In trading on Thursday, shares of Dell Technologies Inc (Symbol: DELL) crossed above their 200 day moving average of $42.46, changing hands as high as $42.59 per share. Dell Technologies Inc shares are currently trading up about 2.7% on the day. The chart below shows the one year performance of DELL shares, versus its 200 day moving average: Looking at the chart above, DELL's low point in its 52 week range is $32.895 per share, with $61.54 as the 52 week high point — that compares with a last trade of $42.41.
|
e34f690d-ebfe-4e25-9046-f2908f449dc0
|
725580.0
|
2023-02-01 00:00:00 UTC
|
Will Slowing Services Growth Hurt Apple's (AAPL) Q1 Earnings?
|
DELL
|
https://www.nasdaq.com/articles/will-slowing-services-growth-hurt-apples-aapl-q1-earnings
|
nan
|
nan
|
Apple’s AAPL first-quarter fiscal 2023 results, to be reported on Feb 2, are expected to reflect the impacts of the sluggishness in the Services business.
The segment, which includes revenues from the App Store, Apple Music, iCloud, Apple Arcade, Apple TV+, Apple News+ and Apple Card, accounted for 21.3% of sales in fourth-quarter fiscal 2022.
Although Apple’s business primarily runs around its flagship iPhone, the Services portfolio has emerged as the company’s new cash cow.
Apple currently has more than 900 million paid subscribers across its Services portfolio. The App Store has been continuing to draw the attention of prominent developers from around the world, helping the company offer appealing apps to drive the App Store traffic, thereby expanding the subscriber base.
Apple expects Services revenue growth to be negatively impacted by challenging macroeconomic conditions, unfavorable forex, as well as weakness in digital advertising and gaming. Services revenues grew 5% year over year to $19.19 billion in the fiscal fourth quarter.
Apple Inc. Revenue (TTM)
Apple Inc. revenue-ttm | Apple Inc. Quote
Click here to know how Apple’s overall fiscal first-quarter results are likely to be.
Apple’s Non-iPhone Portfolio to Boost Revenues
Apple’s non-iPhone portfolio, which comprises Mac, iPad and Wearables, is expected to have aided its top-line growth in the fiscal first quarter.
However, Mac revenues are expected to be negatively impacted by forex. Apple, which has a Zacks Rank #3 (Hold), expects Mac revenues to decline substantially year over year in the to-be-reported quarter. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Per Gartner’s latest report, 65.3 million PCs were shipped in the fourth quarter (December-end) of 2022, down 28.5% from the year-ago period. Lenovo LNVGY, HP HPQ and Dell Technologies DELL witnessed 28.6%, 29.1% and 37% declines, respectively. Apple witnessed a 10.2% decline, much better than HP and Dell’s figures.
Overall, Lenovo remained the top vendor, with a market share of 24%. HP holds the second spot, with a market share of 20.2% in worldwide PC shipments. Dell’s market share was 16.7% in fourth-quarter 2022.
Apple’s market share increased from 8.6% in fourth-quarter 2021 to 10.7% in fourth-quarter 2022.
Apple made the M2-supported MacBook Air available in the fiscal fourth quarter. The 13-inch MacBook Pro was launched in the fiscal third quarter.
In the to-be-reported quarter, Apple expanded its self-service repair program for MacBook Air and MacBook Pro notebooks with the M1 family of chips.
The Zacks Consensus Estimate for Mac revenues for the fiscal first quarter is pegged at $9.74 billion, implying a 10.2% decline from the figure reported in the year-ago quarter.
Apple has also been riding on its strong market share in the wearables space. The company’s endeavor to add healthcare features to its smartwatch has been a game changer for the device, which faces significant competition from the likes of Google, Xiaomi, Samsung Electronics and Huawei Technologies.
The consensus estimate for Wearables, Home and Accessories revenues is pegged at $15.53 billion, indicating 5.6% growth from the figure reported in the year-ago quarter.
Moreover, iPad sales are expected to increase in the to-be-reported quarter. The Zacks Consensus Estimate for the same is pegged at $7.70 billion, suggesting a 6.2% rise from the figure reported in the year-ago quarter.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apple Inc. (AAPL) : Free Stock Analysis Report
HP Inc. (HPQ) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Lenovo LNVGY, HP HPQ and Dell Technologies DELL witnessed 28.6%, 29.1% and 37% declines, respectively. Apple witnessed a 10.2% decline, much better than HP and Dell’s figures. Dell’s market share was 16.7% in fourth-quarter 2022.
|
Lenovo LNVGY, HP HPQ and Dell Technologies DELL witnessed 28.6%, 29.1% and 37% declines, respectively. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report To read this article on Zacks.com click here. Apple witnessed a 10.2% decline, much better than HP and Dell’s figures.
|
Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report To read this article on Zacks.com click here. Lenovo LNVGY, HP HPQ and Dell Technologies DELL witnessed 28.6%, 29.1% and 37% declines, respectively. Apple witnessed a 10.2% decline, much better than HP and Dell’s figures.
|
Lenovo LNVGY, HP HPQ and Dell Technologies DELL witnessed 28.6%, 29.1% and 37% declines, respectively. Apple witnessed a 10.2% decline, much better than HP and Dell’s figures. Dell’s market share was 16.7% in fourth-quarter 2022.
|
6a2bc367-e849-4e59-90cd-c85560193405
|
725581.0
|
2023-02-01 00:00:00 UTC
|
Apple distributor Redington's Q3 profit falls as costs outpace topline growth
|
DELL
|
https://www.nasdaq.com/articles/apple-distributor-redingtons-q3-profit-falls-as-costs-outpace-topline-growth
|
nan
|
nan
|
CHENNAI, Feb 1 (Reuters) - Redington (India) Ltd REDI.NS, the country's biggest Apple and IT products distributor, reported a 2% fall in third-quarter profit on Wednesday, as ballooning expenses countered record revenue.
For Redington, which distributes electronic products made by Apple AAPL.O and Dell DELL.N among others, consolidated profit slipped to 3.8 billion rupees ($46.4 million) for the quarter ended Dec. 31.
Companies across the globe have had to battle higher transportation and raw material costs as the Russia-Ukraine war led to an increase in the prices of several major commodities.
Redington's expenses rose about 32% to 212.2 billion rupees, narrowly outpacing a near-31% jump in revenue from operations to a record 216.74 billion rupees.
The company said revenue from Singapore, India and South Asia (SISA) increased nearly 29%, while that from the rest of the world, including the Middle East, Turkey, and Africa, rose around 32%.
Chennai-based Redington's topline went up even as the gadget distributor cautioned demand for remote-working equipment likely declined with people gradually returning to offices.
High inflation and interest rates as well as weaker currencies in markets where Redington operates posed further challenges.
Redington shares, which rose 25% in 2022 and 2% last month, closed over 1% lower at 182.65 rupees on Wednesday.
($1 = 81.8750 Indian rupees)
(Reporting by Praveen Paramasivam in Chennai; Editing by Janane Venkatraman)
((Praveen.Paramasivam@thomsonreuters.com; +91 867-525-3569;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
For Redington, which distributes electronic products made by Apple AAPL.O and Dell DELL.N among others, consolidated profit slipped to 3.8 billion rupees ($46.4 million) for the quarter ended Dec. 31. CHENNAI, Feb 1 (Reuters) - Redington (India) Ltd REDI.NS, the country's biggest Apple and IT products distributor, reported a 2% fall in third-quarter profit on Wednesday, as ballooning expenses countered record revenue. The company said revenue from Singapore, India and South Asia (SISA) increased nearly 29%, while that from the rest of the world, including the Middle East, Turkey, and Africa, rose around 32%.
|
For Redington, which distributes electronic products made by Apple AAPL.O and Dell DELL.N among others, consolidated profit slipped to 3.8 billion rupees ($46.4 million) for the quarter ended Dec. 31. CHENNAI, Feb 1 (Reuters) - Redington (India) Ltd REDI.NS, the country's biggest Apple and IT products distributor, reported a 2% fall in third-quarter profit on Wednesday, as ballooning expenses countered record revenue. Redington's expenses rose about 32% to 212.2 billion rupees, narrowly outpacing a near-31% jump in revenue from operations to a record 216.74 billion rupees.
|
For Redington, which distributes electronic products made by Apple AAPL.O and Dell DELL.N among others, consolidated profit slipped to 3.8 billion rupees ($46.4 million) for the quarter ended Dec. 31. CHENNAI, Feb 1 (Reuters) - Redington (India) Ltd REDI.NS, the country's biggest Apple and IT products distributor, reported a 2% fall in third-quarter profit on Wednesday, as ballooning expenses countered record revenue. Redington's expenses rose about 32% to 212.2 billion rupees, narrowly outpacing a near-31% jump in revenue from operations to a record 216.74 billion rupees.
|
For Redington, which distributes electronic products made by Apple AAPL.O and Dell DELL.N among others, consolidated profit slipped to 3.8 billion rupees ($46.4 million) for the quarter ended Dec. 31. CHENNAI, Feb 1 (Reuters) - Redington (India) Ltd REDI.NS, the country's biggest Apple and IT products distributor, reported a 2% fall in third-quarter profit on Wednesday, as ballooning expenses countered record revenue. Companies across the globe have had to battle higher transportation and raw material costs as the Russia-Ukraine war led to an increase in the prices of several major commodities.
|
2c9a5268-b258-42ed-9e1b-0959e6f982ba
|
725582.0
|
2023-01-30 00:00:00 UTC
|
Will Strong Data Center Growth Aid AMD's Q4 Earnings Growth?
|
DELL
|
https://www.nasdaq.com/articles/will-strong-data-center-growth-aid-amds-q4-earnings-growth
|
nan
|
nan
|
Advanced Micro Devices AMD is expected to report lackluster client segment revenues in fourth-quarter 2022 results, set to be released on Jan 31, due to weak PC shipment demand.
However, robust top-line growth from data center and embedded segments are expected to have driven top-line growth. AMD has been witnessing strong adoption of EPYC processors. Moreover, demand for Xilinx’s FPGA solutions and Pensando GPUs has been robust in the to-be-reported quarter.
AMD expects fourth-quarter 2022 revenues to be $5.5 billion (+/-$300 million), which indicates year-over-year growth of 14%.
Click here to know how AMD’s overall fourth-quarter performance is likely to be.
Diversified Product Portfolio: Key to AMD’s Q4 Growth
AMD’s fourth-quarter results are likely to reflect benefits of its expanding product portfolio, which caters to trending high-growth markets like cloud, gaming, data center and EV.
The continued strong adoption of EPYC processors by the likes of Dell DELL, Alphabet GOOGL, Hewlett Packard Enterprises HPE, Lenovo, Microsoft and Oracle is expected to have benefited data center revenues in the to-be-reported quarter.
Advanced Micro Devices, Inc. Revenue (TTM)
Advanced Micro Devices, Inc. revenue-ttm | Advanced Micro Devices, Inc. Quote
In third-quarter 2022, more than 70 AMD instances were launched by Microsoft, Amazon, Tencent, Baidu and others.
AMD introduced fourth-generation EPYC processor in the fourth quarter.
Dell announced the next generation of its PowerEdge servers with fourth-gen EPYC processors. Alphabet announced that it is incorporating the latest EPYC processors in Google Cloud Compute Engine. HPE announced its new ProLiant Gen11 servers, supported by the latest processors, that are also available through a pay-as-you-go consumption model with HPE GreenLake.
Moreover, this Zacks Rank #4 (Sell) company has constantly been improving the performance of its Ryzen processors to help address the increasing proliferation of Artificial Intelligence and machine learning in industries like cloud, gaming and data center.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In the to-be-reported quarter, AMD introduced graphics cards built on the next-generation high-performance, energy-efficient RDNA 3 architecture, Radeon RX 7900 XTX and Radeon RX 7900 XT graphics cards.
The Zacks Consensus Estimate for data center, embedded, client and gaming revenues for the fourth quarter are pegged at $1.58 billion, $1.28 billion, $1.49 billion and $1.12 billion, respectively.
Just Released: Zacks Top 10 Stocks for 2023
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for 2023?
From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%. Our Director of Research has now combed through 4,000 companies covered by the Zacks Rank and handpicked the best 10 tickers to buy and hold in 2023. Don’t miss your chance to still be among the first to get in on these just-released stocks.
See New Top 10 Stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The continued strong adoption of EPYC processors by the likes of Dell DELL, Alphabet GOOGL, Hewlett Packard Enterprises HPE, Lenovo, Microsoft and Oracle is expected to have benefited data center revenues in the to-be-reported quarter. Dell announced the next generation of its PowerEdge servers with fourth-gen EPYC processors. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
The continued strong adoption of EPYC processors by the likes of Dell DELL, Alphabet GOOGL, Hewlett Packard Enterprises HPE, Lenovo, Microsoft and Oracle is expected to have benefited data center revenues in the to-be-reported quarter. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell announced the next generation of its PowerEdge servers with fourth-gen EPYC processors.
|
The continued strong adoption of EPYC processors by the likes of Dell DELL, Alphabet GOOGL, Hewlett Packard Enterprises HPE, Lenovo, Microsoft and Oracle is expected to have benefited data center revenues in the to-be-reported quarter. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell announced the next generation of its PowerEdge servers with fourth-gen EPYC processors.
|
The continued strong adoption of EPYC processors by the likes of Dell DELL, Alphabet GOOGL, Hewlett Packard Enterprises HPE, Lenovo, Microsoft and Oracle is expected to have benefited data center revenues in the to-be-reported quarter. Dell announced the next generation of its PowerEdge servers with fourth-gen EPYC processors. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
3ec99b8a-4125-4aa4-b7be-cb55eead5c18
|
725583.0
|
2023-01-20 00:00:00 UTC
|
Dell Technologies About To Put More Money In Your Pocket (DELL)
|
DELL
|
https://www.nasdaq.com/articles/dell-technologies-about-to-put-more-money-in-your-pocket-dell-0
|
nan
|
nan
|
Looking at the universe of stocks we cover at Dividend Channel, on 1/24/23, Dell Technologies Inc (Symbol: DELL) will trade ex-dividend, for its quarterly dividend of $0.33, payable on 2/3/23. As a percentage of DELL's recent stock price of $39.46, this dividend works out to approximately 0.84%, so look for shares of Dell Technologies Inc to trade 0.84% lower — all else being equal — when DELL shares open for trading on 1/24/23.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from DELL is likely to continue, and whether the current estimated yield of 3.35% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of DELL shares, versus its 200 day moving average:
Looking at the chart above, DELL's low point in its 52 week range is $32.895 per share, with $61.54 as the 52 week high point — that compares with a last trade of $39.57.
In Friday trading, Dell Technologies Inc shares are currently trading flat on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
Funds Holding OSM
Institutional Holders of VCSA
AAPL Price Target
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from DELL is likely to continue, and whether the current estimated yield of 3.35% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of DELL shares, versus its 200 day moving average: Looking at the chart above, DELL's low point in its 52 week range is $32.895 per share, with $61.54 as the 52 week high point — that compares with a last trade of $39.57. Looking at the universe of stocks we cover at Dividend Channel, on 1/24/23, Dell Technologies Inc (Symbol: DELL) will trade ex-dividend, for its quarterly dividend of $0.33, payable on 2/3/23.
|
As a percentage of DELL's recent stock price of $39.46, this dividend works out to approximately 0.84%, so look for shares of Dell Technologies Inc to trade 0.84% lower — all else being equal — when DELL shares open for trading on 1/24/23. The chart below shows the one year performance of DELL shares, versus its 200 day moving average: Looking at the chart above, DELL's low point in its 52 week range is $32.895 per share, with $61.54 as the 52 week high point — that compares with a last trade of $39.57. In Friday trading, Dell Technologies Inc shares are currently trading flat on the day.
|
Looking at the universe of stocks we cover at Dividend Channel, on 1/24/23, Dell Technologies Inc (Symbol: DELL) will trade ex-dividend, for its quarterly dividend of $0.33, payable on 2/3/23. As a percentage of DELL's recent stock price of $39.46, this dividend works out to approximately 0.84%, so look for shares of Dell Technologies Inc to trade 0.84% lower — all else being equal — when DELL shares open for trading on 1/24/23. The chart below shows the one year performance of DELL shares, versus its 200 day moving average: Looking at the chart above, DELL's low point in its 52 week range is $32.895 per share, with $61.54 as the 52 week high point — that compares with a last trade of $39.57.
|
Looking at the universe of stocks we cover at Dividend Channel, on 1/24/23, Dell Technologies Inc (Symbol: DELL) will trade ex-dividend, for its quarterly dividend of $0.33, payable on 2/3/23. In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from DELL is likely to continue, and whether the current estimated yield of 3.35% on annualized basis is a reasonable expectation of annual yield going forward. In Friday trading, Dell Technologies Inc shares are currently trading flat on the day.
|
1a4d79f8-7412-4ccd-9c7c-b11b76767be6
|
725584.0
|
2023-01-19 00:00:00 UTC
|
Microsoft (MSFT) to Report Q2 Earnings: What's in the Cards?
|
DELL
|
https://www.nasdaq.com/articles/microsoft-msft-to-report-q2-earnings%3A-whats-in-the-cards-0
|
nan
|
nan
|
Microsoft MSFT is set to report second-quarter fiscal 2023 results on Jan 24.
The Zacks Consensus Estimate for revenues is pegged at $52.93 billion, indicating growth of 2.32% from the figure reported in the year-ago quarter.
The consensus mark for earnings has been revised upward by a penny to $2.29 per share over the past 30 days, although the figure suggests a decline of 7.6% from the figure reported in the year-ago quarter.
Microsoft’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters while missing in one, the average surprise being 2.64%.
Let’s see how things have shaped up for the upcoming announcement:
Microsoft Corporation Price and EPS Surprise
Microsoft Corporation price-eps-surprise | Microsoft Corporation Quote
Teams Momentum to Aid Growth
The momentum witnessed for Teams, Microsoft’s workspace communication offering, might have acted as a tailwind in the to-be-reported quarter. Teams’ user growth is expected to have been driven by the continuation of remote work and mainstream adoption of the hybrid/flexible work model.
The introductions of Teams Rooms, Mesh for Teams and Teams Essentials are noteworthy developments. Teams’ expanding customer base and features have been actually helping Microsoft win share in the enterprise communication market against Zoom ZM. Shares of Microsoft have plunged 22.2% in the past year compared with Zoom’s decline of 57.1%.
The strong adoption of Dynamics 365 is expected to have driven top-line growth in the to-be-reported quarter. Microsoft expects revenue growth for Dynamics to be in the mid-to-high teens range, driven by strength in Dynamics 365, including continued momentum in PowerApps.
PC Shipment Decline Likely to Hurt Top Line
Revenues from Windows are likely to have been driven by steady traction seen in Windows Commercial products and cloud services growth amid weak PC demand.
The decline in personal computer (PC) shipments in the first three quarters of 2022, after two consecutive years of strong year-over-year growth, aggravated in the fourth quarter according to the latest data compiled by market research firm Gartner.
Among big PC vendors, Dell Technologies DELL, Lenovo LNVGY and Apple registered a decrease in shipments.
Dell Technologies’ PC volumes plunged 37% to 10.88 million units, while Lenovo registered a decline of 28.6% year over year in shipments to 15.66 million units.
For More Personal Computing segment, Microsoft projects revenues between $14.5 billion and $14.9 billion, pressured by the sharp decline in the personal computer market. The company sees Windows OEM revenues down in the high 30s.
The Zacks Consensus Estimate for More Personal Computing revenues is currently pegged at $14.7 billion, indicating 18.8% decline from the figure reported in the year-ago quarter.
Continued weakness in the PC market demand and advertising spend is expected to have adversely impacted Windows OEM, Surface, LinkedIn and search and news advertising revenues.
For Intelligent Cloud, this Zacks Rank #4 (Sell) company anticipates revenues in constant currency to increase between 22% and 24% to a range of $21.25-$21.55 billion. The company sees Azure constant currency growth to decelerate 5 percentage points sequentially.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report
Zoom Video Communications, Inc. (ZM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Among big PC vendors, Dell Technologies DELL, Lenovo LNVGY and Apple registered a decrease in shipments. Dell Technologies’ PC volumes plunged 37% to 10.88 million units, while Lenovo registered a decline of 28.6% year over year in shipments to 15.66 million units. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report Zoom Video Communications, Inc. (ZM) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Dell Technologies’ PC volumes plunged 37% to 10.88 million units, while Lenovo registered a decline of 28.6% year over year in shipments to 15.66 million units. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report Zoom Video Communications, Inc. (ZM) : Free Stock Analysis Report To read this article on Zacks.com click here. Among big PC vendors, Dell Technologies DELL, Lenovo LNVGY and Apple registered a decrease in shipments.
|
Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report Zoom Video Communications, Inc. (ZM) : Free Stock Analysis Report To read this article on Zacks.com click here. Among big PC vendors, Dell Technologies DELL, Lenovo LNVGY and Apple registered a decrease in shipments. Dell Technologies’ PC volumes plunged 37% to 10.88 million units, while Lenovo registered a decline of 28.6% year over year in shipments to 15.66 million units.
|
Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report Zoom Video Communications, Inc. (ZM) : Free Stock Analysis Report To read this article on Zacks.com click here. Among big PC vendors, Dell Technologies DELL, Lenovo LNVGY and Apple registered a decrease in shipments. Dell Technologies’ PC volumes plunged 37% to 10.88 million units, while Lenovo registered a decline of 28.6% year over year in shipments to 15.66 million units.
|
b84377d2-1b9b-4a10-863a-62851deca7dd
|
725585.0
|
2023-01-18 00:00:00 UTC
|
RSA Security explores $2 bln-plus sale of Archer -sources
|
DELL
|
https://www.nasdaq.com/articles/rsa-security-explores-%242-bln-plus-sale-of-archer-sources
|
nan
|
nan
|
By Milana Vinn
Jan 18 (Reuters) - RSA Security LLC, the former cyber security division of Dell Technologies Inc DELL.N, is exploring a sale of its risk and compliance software unit Archer for more than $2 billion, according to people familiar with the matter.
RSA is working with investment banks Morgan Stanley MS.N and Goldman Sachs Group Inc GS.N on an auction for Archer, which has attracted interest from other companies and buyout firms, the sources said.
Archer generated $220 million in revenue last year and is growing profitably, added the sources, who requested anonymity because the matter is confidential.
Spokespeople for Morgan Stanley and Goldman Sachs declined to comment, while RSA did not respond to a request for comment.
The potential sale represents the latest in a string of deals involving RSA. Private equity firm Symphony Technology Group (STG), Ontario Teachers' Pension Plan, and Carlyle Group Inc's CG.O investment arm AlpInvest Partners acquired the company from Dell for $2.075 billion in 2020.
Clearlake Capital, another private equity firm, invested in RSA the following year.
In 2021, RSA cut a deal with Reed Taussig, the head of its fraud prevention software business Outseer, to spin it off as an independent company. Last year, RSA sold a majority stake in its events business, RSA Conference, to private equity firm Crosspoint Capital Partners for an undisclosed amount.
Archer, headquartered in Bedford, Massachusetts, is a governance, risk and compliance software platform with over 15,000 users globally. RSA's other business divisions include identity and access management platform SecureID and threat detection and response software platform NetWitness.
Archer is not the only risk management software vendor up for sale in the United States. Reuters reported last month that private equity firm BC Partners is exploring the sale of a stake in Navex Global Inc that could value the company at more than $3 billion.
(Reporting by Milana Vinn in New York Editing by Matthew Lewis)
((Greg.Roumeliotis@thomsonreuters.com; +1 646 223 6022; Reuters Messaging: greg.roumeliotis.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
By Milana Vinn Jan 18 (Reuters) - RSA Security LLC, the former cyber security division of Dell Technologies Inc DELL.N, is exploring a sale of its risk and compliance software unit Archer for more than $2 billion, according to people familiar with the matter. Private equity firm Symphony Technology Group (STG), Ontario Teachers' Pension Plan, and Carlyle Group Inc's CG.O investment arm AlpInvest Partners acquired the company from Dell for $2.075 billion in 2020. RSA is working with investment banks Morgan Stanley MS.N and Goldman Sachs Group Inc GS.N on an auction for Archer, which has attracted interest from other companies and buyout firms, the sources said.
|
By Milana Vinn Jan 18 (Reuters) - RSA Security LLC, the former cyber security division of Dell Technologies Inc DELL.N, is exploring a sale of its risk and compliance software unit Archer for more than $2 billion, according to people familiar with the matter. Private equity firm Symphony Technology Group (STG), Ontario Teachers' Pension Plan, and Carlyle Group Inc's CG.O investment arm AlpInvest Partners acquired the company from Dell for $2.075 billion in 2020. Last year, RSA sold a majority stake in its events business, RSA Conference, to private equity firm Crosspoint Capital Partners for an undisclosed amount.
|
By Milana Vinn Jan 18 (Reuters) - RSA Security LLC, the former cyber security division of Dell Technologies Inc DELL.N, is exploring a sale of its risk and compliance software unit Archer for more than $2 billion, according to people familiar with the matter. Private equity firm Symphony Technology Group (STG), Ontario Teachers' Pension Plan, and Carlyle Group Inc's CG.O investment arm AlpInvest Partners acquired the company from Dell for $2.075 billion in 2020. RSA is working with investment banks Morgan Stanley MS.N and Goldman Sachs Group Inc GS.N on an auction for Archer, which has attracted interest from other companies and buyout firms, the sources said.
|
By Milana Vinn Jan 18 (Reuters) - RSA Security LLC, the former cyber security division of Dell Technologies Inc DELL.N, is exploring a sale of its risk and compliance software unit Archer for more than $2 billion, according to people familiar with the matter. Private equity firm Symphony Technology Group (STG), Ontario Teachers' Pension Plan, and Carlyle Group Inc's CG.O investment arm AlpInvest Partners acquired the company from Dell for $2.075 billion in 2020. RSA is working with investment banks Morgan Stanley MS.N and Goldman Sachs Group Inc GS.N on an auction for Archer, which has attracted interest from other companies and buyout firms, the sources said.
|
3a2da5f4-033c-4334-a7c3-1977d7bd6548
|
725586.0
|
2023-01-18 00:00:00 UTC
|
Strength Seen in CyberArk (CYBR): Can Its 6.6% Jump Turn into More Strength?
|
DELL
|
https://www.nasdaq.com/articles/strength-seen-in-cyberark-cybr%3A-can-its-6.6-jump-turn-into-more-strength
|
nan
|
nan
|
CyberArk CYBR shares rallied 6.6% in the last trading session to close at $127.85. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 6% loss over the past four weeks.
CyberArk’s stock appreciated on continued optimism surrounding the demand for its products and solutions. The company is benefiting from rising demand for cyber security solutions owing to the long list of data breaches.
Increasing demand for privileged access security on the back of digital transformation and cloud migration strategies remain a key growth driver. Moreover, strong presence across verticals such as banking, healthcare, government and utilities, are safeguarding CyberArk from negative effects of the macroeconomic and geopolitical headwinds.
This maker of software that detects attacks on privileged accounts is expected to post quarterly earnings of $0.12 per share in its upcoming report, which represents a year-over-year change of -57.1%. Revenues are expected to be $174.17 million, up 15.1% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For CyberArk, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on CYBR going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
CyberArk is a member of the Zacks Computers - IT Services industry. One other stock in the same industry, Dell Technologies DELL, finished the last trading session 0.4% lower at $40.03. DELL has returned 3% over the past month.
Dell Technologies' consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.67. Compared to the company's year-ago EPS, this represents a change of -2.9%. Dell Technologies currently boasts a Zacks Rank of #3 (Hold).
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
CyberArk Software Ltd. (CYBR) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
One other stock in the same industry, Dell Technologies DELL, finished the last trading session 0.4% lower at $40.03. DELL has returned 3% over the past month. Dell Technologies' consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.67.
|
Dell Technologies' consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.67. Click to get this free report CyberArk Software Ltd. (CYBR) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here. One other stock in the same industry, Dell Technologies DELL, finished the last trading session 0.4% lower at $40.03.
|
Click to get this free report CyberArk Software Ltd. (CYBR) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here. One other stock in the same industry, Dell Technologies DELL, finished the last trading session 0.4% lower at $40.03. DELL has returned 3% over the past month.
|
One other stock in the same industry, Dell Technologies DELL, finished the last trading session 0.4% lower at $40.03. Dell Technologies' consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.67. DELL has returned 3% over the past month.
|
85bf4aef-42d5-4a20-8bf0-5494d9d3bfea
|
725587.0
|
2023-01-16 00:00:00 UTC
|
The Zacks Analyst Blog Highlights Lenovo Group, HP, Dell Technologies and Apple
|
DELL
|
https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-lenovo-group-hp-dell-technologies-and-apple
|
nan
|
nan
|
For Immediate Release
Chicago, IL – January 16, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Lenovo Group Ltd. LNVGY, HP Inc. HPQ, Dell Technologies Inc DELL and Apple, Inc. AAPL.
Here are highlights from Friday’s Analyst Blog:
Can the PC Market Bounce Back from Multi-Year Lows?
Global PC sales, which soared during the peak of the pandemic, have been on a steady decline. During the height of the epidemic, sales of PCs, which include laptops and tablets, unexpectedly jumped as millions worked and learned remotely. However, as things started returning to normal and people began going back to their jobs and schools, demand showed signs of fading.
However, there are several other challenges plaguing the industry. The supply-chain problem is one of the biggest among them.
PC Sales Continue to Decline
The COVID-19 epidemic severely impacted a number of industries but allowed some to reap significant rewards. The PC industry was one that profited the most. However, the situation has changed since then, with sales declining almost every quarter.
Global PC shipments totaled 65.3 million units in the fourth quarter of 2022, down 28.5% on a year-over-year basis, according to the latest from Gartner. This is also the largest quarterly decline since the firm started tracking the PC market in the 1990s.
Overall global PC shipments for 2022 totaled 286.2 million units, declining 16.2% from 2021.
Also, for theglobal market this is the third consecutive quarter of double-digit decline. According to the report, the PC market has been hit by the fears of a global recession, rising inflation and increasing interest rates.
According to the report, the PC market is currently experiencing a bottleneck due to higher inventory levels that began to accumulate in the first half of 2022. High demand and supply chain interruptions until 2021 resulted in low PC supply, which was swiftly transformed into an excess of supply after demand dropped quickly and drastically.
Challenges Aplenty
With the steep decline in PC shipments, the market leaders appear to be the biggest sufferers. Although their rankings as market leaders haven't changed, the top three PC manufacturers have also suffered the greatest losses over this time.
Lenovo Group Ltd., continues to dominate the top spot with a market share of 24%. However, LNVGY recorded its steepest quarterly decline since the mid-1990s. This was also the fifth consecutive quarter of sales decline for Lenovo Group Limited.
Also, HP Inc. and Dell Technologies Inc witnessed sharp quarterly declines. HPQ suffered the most in the EMEA market, with shipments plummeting 44% on a year-over-year basis in the fourth quarter of 2022. However, HP Inc. now holds the biggest market share of 26.8% in terms of shipments in the United States.
Dell Technologies also held its position as the third-biggest player. However, DELL's business was affected in the fourth quarter by sluggish demand in the large business market. Dell Technologies now has the second biggest market share in the United States with 23.4%, but slowing sales have been impacting its business.
Apple, Inc. is the only exception among the top players. AAPL saw a 3.6% jump in shipments in the fourth quarter on a year-over-year basis. This follows a 7% jump in the third quarter and a 9.3% jump in the second quarter. Apple currently has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
The U.S. PC market, one of the biggest markets, plummeted 20.5% in the fourth quarter of 2022, recording its sixth straight quarterly decline. The U.S. PC market as a whole is suffering from slowing laptop sales. However, demand for desktops has slightly increased.
The industry is facing a spate of challenges, with price being the biggest concern. Americans have cut back on expensive items as a result of soaring inflation. The supply-chain issue began to ease in the third quarter, but excessive inventory levels are now causing new worries as demand continues to decline in both the consumer and commercial markets.
Also, sales of semiconductors are increasingly being affected by the decline in PC demand. A number of chip manufacturers have claimed that lower PC demand is having an effect on their sales. Overall, 2022 was a difficult year for the PC market, and experts don't expect things to get better until the second half of 2023.
Why Haven't You Looked at Zacks' Top Stocks?
Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation.
See Stocks Free >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apple Inc. (AAPL) : Free Stock Analysis Report
HP Inc. (HPQ) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Stocks recently featured in the blog include: Lenovo Group Ltd. LNVGY, HP Inc. HPQ, Dell Technologies Inc DELL and Apple, Inc. AAPL. Also, HP Inc. and Dell Technologies Inc witnessed sharp quarterly declines. Dell Technologies also held its position as the third-biggest player.
|
Stocks recently featured in the blog include: Lenovo Group Ltd. LNVGY, HP Inc. HPQ, Dell Technologies Inc DELL and Apple, Inc. AAPL. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report To read this article on Zacks.com click here. Also, HP Inc. and Dell Technologies Inc witnessed sharp quarterly declines.
|
Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include: Lenovo Group Ltd. LNVGY, HP Inc. HPQ, Dell Technologies Inc DELL and Apple, Inc. AAPL. Also, HP Inc. and Dell Technologies Inc witnessed sharp quarterly declines.
|
Stocks recently featured in the blog include: Lenovo Group Ltd. LNVGY, HP Inc. HPQ, Dell Technologies Inc DELL and Apple, Inc. AAPL. Also, HP Inc. and Dell Technologies Inc witnessed sharp quarterly declines. Dell Technologies also held its position as the third-biggest player.
|
b66fe6b7-41fe-4dda-b519-a4f8a586fda1
|
725588.0
|
2023-01-15 00:00:00 UTC
|
2 Cheap Tech Stocks to Buy Right Now
|
DELL
|
https://www.nasdaq.com/articles/2-cheap-tech-stocks-to-buy-right-now-10
|
nan
|
nan
|
Last year's interest rate increases are reminding everyone about the merits of value investing, but that doesn't mean you should ignore tech stocks. While "tech" gets a bad rap due to many high-profile yet unprofitable companies -- mostly in the software or EV spaces -- many hardware companies are very cheap on a multiple of current earnings.
Even better, technology hardware infrastructure is the key enabler for many of today's big innovations, from artificial intelligence to industrial automation to electric vehicles and the smart grid.
Here are two dividend-paying hardware companies powering each of those big trends, and their stocks can be had at bargain-basement valuations today.
Kulicke and Soffa
Advanced packaging company Kulicke and Soffa (NASDAQ: KLIC) is known for its core ball bonder business, which attaches chips in packages or to an electronic circuit board. The highly cyclical business boomed over 2020 and 2021. However, with investors fearing a downturn in wire-bonding equipment sales going forward, K&S trades at just a 6.8 price-to-earnings (PE) ratio. Actually, even that low valuation underrates how cheap this stock is. K&S has about $775 million in cash and no debt, which amounts to more than a quarter of its market cap!
However, Kulicke and Soffa, while cyclical, should see higher highs and lows with time as semiconductors are now leaning more on advanced packaging to drive breakthroughs in power and performance. And new applications, such as electric vehicles, also need more packaging equipment.
Meanwhile, even chipmakers themselves are using advanced packaging techniques within individual processors. Leading logic chip designers have begun constructing complex chips through connected "chiplets" in which individual semiconductor functions are etched onto small sub-chips. The sub-chips are then stitched together in a modular fashion with advanced packaging techniques in various combinations.
Since processors have become more advanced and difficult to produce, Intel and Advanced Micro Devices each recently incorporated chiplet architectures into their most current processor designs.
In addition, K&S has an exciting new growth business in advanced LED displays, including mini- and microLED formats. Mini- and micro-LEDs are the next generation of high-end screens with quality advantages over traditional LCD and OLED screens. While mini-LEDs are now used only in the highest-end screens, such as televisions, as the technology matures, mini- and micro-LEDs could find their way into mainstream devices like PCs and smartphones.
On the lastearnings call CEO Fusen Chen noted that the company's advanced display tools business had already exceeded the company's internal targets for 2022. And just last week, Bloomberg reported that Apple (NASDAQ: AAPL) is pursuing in-house production of its own mini- and micro-LED displays. The move is another bid by Apple to bring more of its hardware production in-house and replace its existing OLED screens made by third parties.
According to people familiar with the matter, Apple intends to use mini-LEDs in high-end Apple Watches by the end of next year, with plans to potentially expand the advanced display technology to the iPhone later on.
Should Apple begin to use mini-LEDs in iPhone screens and adopt Kulicke and Soffa's technology to produce them, it could be a massive new business for this small-cap company.
Dell Technologies
There's a good reason Dell Technologies (NYSE: DELL) trades at just 6.5 times next year's earnings estimates: The PC market is in freefall. Just last week, tech research firm Gartner reported that PC shipments fell a stunning 28.5% in the fourth quarter -- the largest decline since the firm began collecting data in the mid-1990s!
That's likely factored into Dell's low valuation. Meanwhile, Dell's infrastructure segment, which sells servers, storage, and software to data center operators, actually surpassed the PC segment last quarter in terms of operating income. So the massive slowdown in PC and desktop sales won't affect Dell's overall results as much as some may think. While data center investment is projected to slow, it won't be by nearly as much as the PC slowdown.
Dell has also been selling more multi-cloud storage software of late, as well as other services not tied purely to hardware sales. Last quarter, services made up 23% of Dell's revenue and grew 6%, even as hardware products fell 10%. Overall, recurring services and software revenue should be less sensitive to the economic cycle.
More than one-third off its all-time highs, Dell should be able to continue growing its 3.2% dividend and repurchasing stock, even in these lean times. Once the company gets past this downturn, it should be able to capture opportunities in the data economy over the long term.
Management's model is to grow revenue at a 3% to 4% rate over the long term, with earnings-per-share growth of 6%. That may not sound like much, but since shareholders can buy Dell's stock today at a 16% earnings yield, it actually makes Dell attractive despite its various headwinds.
10 stocks we like better than Dell Technologies
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Dell Technologies wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of January 9, 2023
Billy Duberstein has positions in Apple, Dell Technologies, and Kulicke And Soffa Industries and has the following options: short January 2023 $210 calls on Apple. His clients may own shares of the companies mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Apple, and Intel. The Motley Fool recommends Gartner and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, long March 2023 $120 calls on Apple, short January 2025 $45 puts on Intel, and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Dell Technologies There's a good reason Dell Technologies (NYSE: DELL) trades at just 6.5 times next year's earnings estimates: The PC market is in freefall. That's likely factored into Dell's low valuation. Meanwhile, Dell's infrastructure segment, which sells servers, storage, and software to data center operators, actually surpassed the PC segment last quarter in terms of operating income.
|
Meanwhile, Dell's infrastructure segment, which sells servers, storage, and software to data center operators, actually surpassed the PC segment last quarter in terms of operating income. Dell Technologies There's a good reason Dell Technologies (NYSE: DELL) trades at just 6.5 times next year's earnings estimates: The PC market is in freefall. That's likely factored into Dell's low valuation.
|
Dell Technologies There's a good reason Dell Technologies (NYSE: DELL) trades at just 6.5 times next year's earnings estimates: The PC market is in freefall. See the 10 stocks *Stock Advisor returns as of January 9, 2023 Billy Duberstein has positions in Apple, Dell Technologies, and Kulicke And Soffa Industries and has the following options: short January 2023 $210 calls on Apple. That's likely factored into Dell's low valuation.
|
* They just revealed what they believe are the ten best stocks for investors to buy right now... and Dell Technologies wasn't one of them! See the 10 stocks *Stock Advisor returns as of January 9, 2023 Billy Duberstein has positions in Apple, Dell Technologies, and Kulicke And Soffa Industries and has the following options: short January 2023 $210 calls on Apple. Dell Technologies There's a good reason Dell Technologies (NYSE: DELL) trades at just 6.5 times next year's earnings estimates: The PC market is in freefall.
|
9d576101-1dcb-4f4f-aa84-6a940a5068f3
|
725589.0
|
2023-01-13 00:00:00 UTC
|
Can the PC Market Bounce Back From Its Multi-Year Lows?
|
DELL
|
https://www.nasdaq.com/articles/can-the-pc-market-bounce-back-from-its-multi-year-lows
|
nan
|
nan
|
Global PC sales, which soared during the peak of the pandemic, have been on a steady decline. During the height of the epidemic, sales of PCs, which include laptops and tablets, unexpectedly jumped as millions worked and learned remotely. However, as things started returning to normal and people began going back to their jobs and schools, demand showed signs of fading.
However, there are several other challenges plaguing the industry. The supply-chain problem is one of the biggest among them.
PC Sales Continue to Decline
The COVID-19 epidemic severely impacted a number of industries but allowed some to reap significant rewards. The PC industry was one that profited the most. However, the situation has changed since then, with sales declining almost every quarter.
Global PC shipments totaled 65.3 million units in the fourth quarter of 2022, down 28.5% on a year-over-year basis, according to the latest from Gartner. This is also the largest quarterly decline since the firm started tracking the PC market in the 1990s.
Overall global PC shipments for 2022 totaled 286.2 million units, declining 16.2% from 2021.
Also, for theglobal market this is the third consecutive quarter of double-digit decline. According to the report, the PC market has been hit by the fears of a global recession, rising inflation and increasing interest rates.
According to the report, the PC market is currently experiencing a bottleneck due to higher inventory levels that began to accumulate in the first half of 2022. High demand and supply chain interruptions until 2021 resulted in low PC supply, which was swiftly transformed into an excess of supply after demand dropped quickly and drastically.
Challenges Aplenty
With the steep decline in PC shipments, the market leaders appear to be the biggest sufferers. Although their rankings as market leaders haven’t changed, the top three PC manufacturers have also suffered the greatest losses over this time.
Lenovo Group Limited LNVGY, continues to dominate the top spot with a market share of 24%. However, LNVGY recorded its steepest quarterly decline since the mid-1990s. This was also the fifth consecutive quarter of sales decline for Lenovo Group Limited.
Also, HP Inc. HPQ and Dell Technologies Inc DELL witnessed sharp quarterly declines. HPQ suffered the most in the EMEA market, with shipments plummeting 44% on a year-over-year basis in the fourth quarter of 2022. However, HP Inc. now holds the biggest market share of 26.8% in terms of shipments in the United States.
Dell Technologies also held its position as the third-biggest player. However, DELL’s business was affected in the fourth quarter by sluggish demand in the large business market. Dell Technologies now has the second biggest market share in the United States with 23.4%, but slowing sales have been impacting its business.
Apple, Inc. AAPL is the only exception among the top players. AAPL saw a 3.6% jump in shipments in the fourth quarter on a year-over-year basis. This follows a 7% jump in the third quarter and a 9.3% jump in the second quarter. Apple currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The U.S. PC market, one of the biggest markets, plummeted 20.5% in the fourth quarter of 2022, recording its sixth straight quarterly decline. The U.S. PC market as a whole is suffering from slowing laptop sales. However, demand for desktops has slightly increased.
The industry is facing a spate of challenges, with price being the biggest concern. Americans have cut back on expensive items as a result of soaring inflation. The supply-chain issue began to ease in the third quarter, but excessive inventory levels are now causing new worries as demand continues to decline in both the consumer and commercial markets.
Also, sales of semiconductors are increasingly being affected by the decline in PC demand. A number of chip manufacturers have claimed that lower PC demand is having an effect on their sales. Overall, 2022 was a difficult year for the PC market, and experts don't expect things to get better until the second half of 2023.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apple Inc. (AAPL) : Free Stock Analysis Report
HP Inc. (HPQ) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Also, HP Inc. HPQ and Dell Technologies Inc DELL witnessed sharp quarterly declines. Dell Technologies also held its position as the third-biggest player. However, DELL’s business was affected in the fourth quarter by sluggish demand in the large business market.
|
Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report To read this article on Zacks.com click here. Also, HP Inc. HPQ and Dell Technologies Inc DELL witnessed sharp quarterly declines. Dell Technologies also held its position as the third-biggest player.
|
Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report To read this article on Zacks.com click here. Also, HP Inc. HPQ and Dell Technologies Inc DELL witnessed sharp quarterly declines. Dell Technologies also held its position as the third-biggest player.
|
Also, HP Inc. HPQ and Dell Technologies Inc DELL witnessed sharp quarterly declines. Dell Technologies also held its position as the third-biggest player. However, DELL’s business was affected in the fourth quarter by sluggish demand in the large business market.
|
aac38b9f-d75b-410a-9713-7ff98f457333
|
725590.0
|
2023-01-11 00:00:00 UTC
|
Global PC market seen to recover late 2023 - reports
|
DELL
|
https://www.nasdaq.com/articles/global-pc-market-seen-to-recover-late-2023-reports
|
nan
|
nan
|
Jan 11 (Reuters) - Global personal computer shipments are expected to rise starting late 2023, with a new cycle of system upgrades likely to accelerate growth next year, according to research firms IDC and Canalys.
Inflation-hit and recession-wary customers have so far been delaying system upgrades, but these will be pushed into the latter part of the year and trigger PC market growth, the research firms said.
"The commercial segment has several drivers towards growth, including the approaching end of support for Windows 10 and a building refresh cycle," IDC analysts said.
The recovery will be bolstered by an education demand bump in major markets as devices deployed during the pandemic peak reach the end of their life cycle, according to Canalys analyst Ishan Dutt.
"We expect delayed purchases to begin boosting the market in late 2023, with momentum picking up in 2024."
The chip industry, too, is expected to rebound around the end of the first half of this year after a downturn, which was driven by a crash in electronics demand last year as red-hot inflation pushed consumers to be careful with spending.
PC shipments fell 16.5% to 292.3 million units in 2022, IDC said. Fourth-quarter shipments declined 28.1%.
PC maker HP Inc HPQ.N saw its shipments decline about 25% last year, followed by Lenovo Group Ltd 0992.HK and Dell Technologies Inc DELL.N, according to IDC. Apple Inc AAPL.O was the only major PC maker that saw its shipments grow in 2022, IDC said.
Shares of Dell and HP fell 27% and 29%, respectively, last year, while Lenovo dropped about 28%. Shares of PC chipmakers Intel Corp INTC.O fell 48% and Advanced Micro Devices Inc AMD.O declined 55.5% during the period.
PC Shipments fell steeply in 2022https://tmsnrt.rs/3vRBu9M
(Reporting by Chavi Mehta in Bengaluru; Editing by Shilpi Majumdar)
((Chavi.Mehta@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
PC maker HP Inc HPQ.N saw its shipments decline about 25% last year, followed by Lenovo Group Ltd 0992.HK and Dell Technologies Inc DELL.N, according to IDC. Shares of Dell and HP fell 27% and 29%, respectively, last year, while Lenovo dropped about 28%. Jan 11 (Reuters) - Global personal computer shipments are expected to rise starting late 2023, with a new cycle of system upgrades likely to accelerate growth next year, according to research firms IDC and Canalys.
|
PC maker HP Inc HPQ.N saw its shipments decline about 25% last year, followed by Lenovo Group Ltd 0992.HK and Dell Technologies Inc DELL.N, according to IDC. Shares of Dell and HP fell 27% and 29%, respectively, last year, while Lenovo dropped about 28%. Jan 11 (Reuters) - Global personal computer shipments are expected to rise starting late 2023, with a new cycle of system upgrades likely to accelerate growth next year, according to research firms IDC and Canalys.
|
PC maker HP Inc HPQ.N saw its shipments decline about 25% last year, followed by Lenovo Group Ltd 0992.HK and Dell Technologies Inc DELL.N, according to IDC. Shares of Dell and HP fell 27% and 29%, respectively, last year, while Lenovo dropped about 28%. Jan 11 (Reuters) - Global personal computer shipments are expected to rise starting late 2023, with a new cycle of system upgrades likely to accelerate growth next year, according to research firms IDC and Canalys.
|
PC maker HP Inc HPQ.N saw its shipments decline about 25% last year, followed by Lenovo Group Ltd 0992.HK and Dell Technologies Inc DELL.N, according to IDC. Shares of Dell and HP fell 27% and 29%, respectively, last year, while Lenovo dropped about 28%. Jan 11 (Reuters) - Global personal computer shipments are expected to rise starting late 2023, with a new cycle of system upgrades likely to accelerate growth next year, according to research firms IDC and Canalys.
|
c29bedc4-ec66-4b25-bf01-9364faa9556e
|
725591.0
|
2023-01-09 00:00:00 UTC
|
Apple (AAPL) Expands Fitness+ With New Kickboxing Workout
|
DELL
|
https://www.nasdaq.com/articles/apple-aapl-expands-fitness-with-new-kickboxing-workout
|
nan
|
nan
|
Apple AAPL is expanding its Fitness+ content today with the introduction of Kickboxing, a new total-body cardio workout type. Each workout will be 10, 20, or 30 minutes long with no requirement for equipment.
Apart from this, the iPhone maker will launch a brand-new meditation theme, Sleep, which will join nine other themes in the Meditation library that includes Calm, Gratitude, Resilience and Creativity.
To help Fitness+ users wind down before bed and drift off to sleep, Apple is launching a program called Introduction to Meditations for Sleep.
Artist Spotlight will launch workouts featuring music by Beyoncé, including songs from her latest album RENAISSANCE. Moreover, seven new workouts, featuring Beyoncé’s music, will be available across Cycling, Dance, HIIT, Pilates, Strength, Treadmill and Yoga.
Fitness+ will roll out two additional Artist Spotlight offerings: the Foo Fighters on Jan 16, and Bad Bunny on Jan 23.
Fitness+ content is expanding further with the fifth season of Time to Walk, which will feature Golden Globe-nominated actor Jamie Lee Curtis, late-night talk show host Amber Ruffin, Olympic champion figure skater Nathan Chen and German actor Nina Hoss.
Fitness+ will launch two new Collections — 6 Weeks to Restart Your Fitness and Level Up Your Core Training — as well as welcome three new trainers to the team.
Will the Service Segment Boost Apple’s Prospects?
Apple is having a rough time with shares declining 24.8% in the past year, underperforming the S&P 500’s decline of 18%.
Apple Inc. Price and Consensus
Apple Inc. price-consensus-chart | Apple Inc. Quote
This Zacks Rank #3 (Hold) company expects year-over-year revenue growth to decelerate in the fiscal first quarter compared with the fiscal fourth quarter due to unfavorable forex. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Apple’s holiday season iPhone shipments are expected to have suffered from disruptions at its China partner Foxconn’s factory in Zhengzhou.
Moreover, Mac revenues are expected to be negatively impacted by forex. Apple expects Mac revenues to decline substantially year over year for the December-end quarter.
Apple’s Mac is expected to suffer from a lower PC demand in 2023. However, Mac’s growth rate is expected to outperform market leaders like Lenovo LNVGY, HP HPQ and Dell DELL, similar to third-quarter 2022.
Per IDC data, global shipments totaled 74.3 million units during the third quarter of 2022, down 15% due to sluggish demand and uneven supply. According to Gartner data, PC shipments were 68 million, down 19.5%.
However, the IDC and the Gartner report highlighted that Apple gained market share compared with Lenovo, HP and Dell.
Per IDC, in the third quarter, Lenovo and HP both lost market share. Apple and Asus gained market share. While Lenovo’s market share came down to 22.7% from 23.1% in the year-ago quarter, HP’s market share was 17.1% compared with the year-ago quarter’s 20.2%.
Meanwhile, Apple’s share gained from the year-ago quarter’s 8.2% to 13.5%. In terms of PC shipments, Apple gained 40.2% year over year, while Lenovo, HP and Dell were down 16.1%, 27.8% and 21.2%, respectively.
Apple reported Mac sales of $11.51 billion, up 25.4% from the year-ago quarter and accounted for 12.8% of the total fiscal fourth-quarter sales. The figure beat the consensus mark by 27.73%.
Moreover, the Services portfolio has emerged as the company’s new cash cow. It currently has more than 900 million paid subscribers across its Services portfolio.
However, fiscal first-quarter Services revenue growth is expected to be negatively impacted by challenging macroeconomic conditions, unfavorable forex, and weakness in digital advertising and gaming.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apple Inc. (AAPL) : Free Stock Analysis Report
HP Inc. (HPQ) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
However, Mac’s growth rate is expected to outperform market leaders like Lenovo LNVGY, HP HPQ and Dell DELL, similar to third-quarter 2022. However, the IDC and the Gartner report highlighted that Apple gained market share compared with Lenovo, HP and Dell. In terms of PC shipments, Apple gained 40.2% year over year, while Lenovo, HP and Dell were down 16.1%, 27.8% and 21.2%, respectively.
|
However, the IDC and the Gartner report highlighted that Apple gained market share compared with Lenovo, HP and Dell. In terms of PC shipments, Apple gained 40.2% year over year, while Lenovo, HP and Dell were down 16.1%, 27.8% and 21.2%, respectively. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
However, the IDC and the Gartner report highlighted that Apple gained market share compared with Lenovo, HP and Dell. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report To read this article on Zacks.com click here. However, Mac’s growth rate is expected to outperform market leaders like Lenovo LNVGY, HP HPQ and Dell DELL, similar to third-quarter 2022.
|
However, Mac’s growth rate is expected to outperform market leaders like Lenovo LNVGY, HP HPQ and Dell DELL, similar to third-quarter 2022. However, the IDC and the Gartner report highlighted that Apple gained market share compared with Lenovo, HP and Dell. In terms of PC shipments, Apple gained 40.2% year over year, while Lenovo, HP and Dell were down 16.1%, 27.8% and 21.2%, respectively.
|
505a89a5-6fa1-45c1-b93e-1f7a35d3f7cc
|
725592.0
|
2023-01-05 00:00:00 UTC
|
Dell Technologies (DELL) Stock Moves -0.17%: What You Should Know
|
DELL
|
https://www.nasdaq.com/articles/dell-technologies-dell-stock-moves-0.17%3A-what-you-should-know
|
nan
|
nan
|
Dell Technologies (DELL) closed the most recent trading day at $40.87, moving -0.17% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.17%. At the same time, the Dow lost 1.02%, and the tech-heavy Nasdaq lost 2.45%.
Prior to today's trading, shares of the computer and technology services provider had lost 2.34% over the past month. This has was narrower than the Computer and Technology sector's loss of 8.27% and the S&P 500's loss of 5.25% in that time.
Dell Technologies will be looking to display strength as it nears its next earnings release. In that report, analysts expect Dell Technologies to post earnings of $1.67 per share. This would mark a year-over-year decline of 2.91%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $23.64 billion, down 15.58% from the year-ago period.
DELL's full-year Zacks Consensus Estimates are calling for earnings of $7.48 per share and revenue of $100.9 billion. These results would represent year-over-year changes of +20.26% and -5.73%, respectively.
It is also important to note the recent changes to analyst estimates for Dell Technologies. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Dell Technologies is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Dell Technologies has a Forward P/E ratio of 5.47 right now. This valuation marks a discount compared to its industry's average Forward P/E of 19.94.
Meanwhile, DELL's PEG ratio is currently 0.46. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Computers - IT Services stocks are, on average, holding a PEG ratio of 1.11 based on yesterday's closing prices.
The Computers - IT Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 99, which puts it in the top 40% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DELL in the coming trading sessions, be sure to utilize Zacks.com.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Dell Technologies (DELL) closed the most recent trading day at $40.87, moving -0.17% from the previous trading session. Dell Technologies will be looking to display strength as it nears its next earnings release. In that report, analysts expect Dell Technologies to post earnings of $1.67 per share.
|
Dell Technologies (DELL) closed the most recent trading day at $40.87, moving -0.17% from the previous trading session. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies will be looking to display strength as it nears its next earnings release.
|
Dell Technologies (DELL) closed the most recent trading day at $40.87, moving -0.17% from the previous trading session. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies will be looking to display strength as it nears its next earnings release.
|
Dell Technologies is currently sporting a Zacks Rank of #3 (Hold). Dell Technologies (DELL) closed the most recent trading day at $40.87, moving -0.17% from the previous trading session. Dell Technologies will be looking to display strength as it nears its next earnings release.
|
ce48cb28-ce21-40dc-b8ee-750d8531bc17
|
725593.0
|
2023-01-05 00:00:00 UTC
|
Look Under The Hood: QUS Has 13% Upside
|
DELL
|
https://www.nasdaq.com/articles/look-under-the-hood%3A-qus-has-13-upside
|
nan
|
nan
|
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the SPDR MSCI USA StrategicFactors ETF (Symbol: QUS), we found that the implied analyst target price for the ETF based upon its underlying holdings is $125.33 per unit.
With QUS trading at a recent price near $111.13 per unit, that means that analysts see 12.78% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of QUS's underlying holdings with notable upside to their analyst target prices are Dell Technologies Inc (Symbol: DELL), Citizens Financial Group Inc (Symbol: CFG), and KeyCorp (Symbol: KEY). Although DELL has traded at a recent price of $40.94/share, the average analyst target is 24.05% higher at $50.78/share. Similarly, CFG has 15.77% upside from the recent share price of $40.65 if the average analyst target price of $47.06/share is reached, and analysts on average are expecting KEY to reach a target price of $20.70/share, which is 14.49% above the recent price of $18.08. Below is a twelve month price history chart comparing the stock performance of DELL, CFG, and KEY:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
SPDR MSCI USA StrategicFactors ETF QUS $111.13 $125.33 12.78%
Dell Technologies Inc DELL $40.94 $50.78 24.05%
Citizens Financial Group Inc CFG $40.65 $47.06 15.77%
KeyCorp KEY $18.08 $20.70 14.49%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
Also see:
Prem Watsa Stock Picks
Institutional Holders of AbbVie
Funds Holding IDYA
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
SPDR MSCI USA StrategicFactors ETF QUS $111.13 $125.33 12.78% Dell Technologies Inc DELL $40.94 $50.78 24.05% Citizens Financial Group Inc CFG $40.65 $47.06 15.77% KeyCorp KEY $18.08 $20.70 14.49% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of QUS's underlying holdings with notable upside to their analyst target prices are Dell Technologies Inc (Symbol: DELL), Citizens Financial Group Inc (Symbol: CFG), and KeyCorp (Symbol: KEY). Although DELL has traded at a recent price of $40.94/share, the average analyst target is 24.05% higher at $50.78/share.
|
Three of QUS's underlying holdings with notable upside to their analyst target prices are Dell Technologies Inc (Symbol: DELL), Citizens Financial Group Inc (Symbol: CFG), and KeyCorp (Symbol: KEY). SPDR MSCI USA StrategicFactors ETF QUS $111.13 $125.33 12.78% Dell Technologies Inc DELL $40.94 $50.78 24.05% Citizens Financial Group Inc CFG $40.65 $47.06 15.77% KeyCorp KEY $18.08 $20.70 14.49% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Although DELL has traded at a recent price of $40.94/share, the average analyst target is 24.05% higher at $50.78/share.
|
Three of QUS's underlying holdings with notable upside to their analyst target prices are Dell Technologies Inc (Symbol: DELL), Citizens Financial Group Inc (Symbol: CFG), and KeyCorp (Symbol: KEY). Although DELL has traded at a recent price of $40.94/share, the average analyst target is 24.05% higher at $50.78/share. Below is a twelve month price history chart comparing the stock performance of DELL, CFG, and KEY: Below is a summary table of the current analyst target prices discussed above:
|
Although DELL has traded at a recent price of $40.94/share, the average analyst target is 24.05% higher at $50.78/share. SPDR MSCI USA StrategicFactors ETF QUS $111.13 $125.33 12.78% Dell Technologies Inc DELL $40.94 $50.78 24.05% Citizens Financial Group Inc CFG $40.65 $47.06 15.77% KeyCorp KEY $18.08 $20.70 14.49% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of QUS's underlying holdings with notable upside to their analyst target prices are Dell Technologies Inc (Symbol: DELL), Citizens Financial Group Inc (Symbol: CFG), and KeyCorp (Symbol: KEY).
|
469a0c0e-af80-4b13-b69b-7f38a3abb273
|
725594.0
|
2023-01-04 00:00:00 UTC
|
Dell looks to phase out Chinese chips by 2024 - Nikkei
|
DELL
|
https://www.nasdaq.com/articles/dell-looks-to-phase-out-chinese-chips-by-2024-nikkei-0
|
nan
|
nan
|
Adds details, background
Jan 5 (Reuters) - Dell Technologies Inc DELL.N plans to stop using China-made chips by 2024 and has told suppliers to reduce the amount of other made-in-China components in its products amid concerns over U.S.-Beijing tensions, Nikkei reported on Thursday.
The computer maker told suppliers late last year that it aims to meaningfully lower the amount of China-made chips it uses, including those produced at facilities owned by non-Chinese chipmakers, the report added, citing three people with direct knowledge of the matter.
Dell has also asked suppliers of other components such as electronic modules and print circuit boards, and product assemblers to help prepare capacity in countries beyond China, like Vietnam, the report said.
This comes after the U.S. added Chinese memory chipmaker YMTC and 21 "major" Chinese players in the artificial intelligence chip sector to a trade blacklist in December 2022.
In October last year, the Biden administration published a set of export controls that included a measure to cut China off from certain semiconductor chips made anywhere in the world with U.S. tools.
PC maker HP Inc HPQ.N, one of Dell's rivals, has also begun surveying its suppliers to gauge the feasibility of moving production and assembly away from China, Nikkei said.
Both Dell and HP did not immediately respond to a Reuters request for comment.
(Reporting by Kanjyik Ghosh in Bengaluru; Editing by Janane Venkatraman )
((Kanjyik.Ghosh@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Adds details, background Jan 5 (Reuters) - Dell Technologies Inc DELL.N plans to stop using China-made chips by 2024 and has told suppliers to reduce the amount of other made-in-China components in its products amid concerns over U.S.-Beijing tensions, Nikkei reported on Thursday. Dell has also asked suppliers of other components such as electronic modules and print circuit boards, and product assemblers to help prepare capacity in countries beyond China, like Vietnam, the report said. PC maker HP Inc HPQ.N, one of Dell's rivals, has also begun surveying its suppliers to gauge the feasibility of moving production and assembly away from China, Nikkei said.
|
Adds details, background Jan 5 (Reuters) - Dell Technologies Inc DELL.N plans to stop using China-made chips by 2024 and has told suppliers to reduce the amount of other made-in-China components in its products amid concerns over U.S.-Beijing tensions, Nikkei reported on Thursday. PC maker HP Inc HPQ.N, one of Dell's rivals, has also begun surveying its suppliers to gauge the feasibility of moving production and assembly away from China, Nikkei said. Dell has also asked suppliers of other components such as electronic modules and print circuit boards, and product assemblers to help prepare capacity in countries beyond China, like Vietnam, the report said.
|
Adds details, background Jan 5 (Reuters) - Dell Technologies Inc DELL.N plans to stop using China-made chips by 2024 and has told suppliers to reduce the amount of other made-in-China components in its products amid concerns over U.S.-Beijing tensions, Nikkei reported on Thursday. Dell has also asked suppliers of other components such as electronic modules and print circuit boards, and product assemblers to help prepare capacity in countries beyond China, like Vietnam, the report said. PC maker HP Inc HPQ.N, one of Dell's rivals, has also begun surveying its suppliers to gauge the feasibility of moving production and assembly away from China, Nikkei said.
|
Adds details, background Jan 5 (Reuters) - Dell Technologies Inc DELL.N plans to stop using China-made chips by 2024 and has told suppliers to reduce the amount of other made-in-China components in its products amid concerns over U.S.-Beijing tensions, Nikkei reported on Thursday. Dell has also asked suppliers of other components such as electronic modules and print circuit boards, and product assemblers to help prepare capacity in countries beyond China, like Vietnam, the report said. PC maker HP Inc HPQ.N, one of Dell's rivals, has also begun surveying its suppliers to gauge the feasibility of moving production and assembly away from China, Nikkei said.
|
03fc6028-8a16-4ca9-abff-074b35fdb2bd
|
725595.0
|
2023-01-04 00:00:00 UTC
|
Dell looks to phase out Chinese chips by 2024 - Nikkei
|
DELL
|
https://www.nasdaq.com/articles/dell-looks-to-phase-out-chinese-chips-by-2024-nikkei
|
nan
|
nan
|
Jan 4 (Reuters) - Dell Technologies Inc DELL.N plans to stop using China-made chips by 2024 and has told suppliers to reduce the amount of other made-in-China components in its products amid concerns over U.S.-Beijing tensions, Nikkei reported on Thursday.
The computer maker told suppliers late last year that it aims to meaningfully lower the amount of China-made chips it uses, including those produced at facilities owned by non-Chinese chipmakers, the report added, citing three people with direct knowledge of the matter.
(Reporting by Kanjyik Ghosh in Bengaluru; Editing by Janane Venkatraman )
((Kanjyik.Ghosh@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Jan 4 (Reuters) - Dell Technologies Inc DELL.N plans to stop using China-made chips by 2024 and has told suppliers to reduce the amount of other made-in-China components in its products amid concerns over U.S.-Beijing tensions, Nikkei reported on Thursday. The computer maker told suppliers late last year that it aims to meaningfully lower the amount of China-made chips it uses, including those produced at facilities owned by non-Chinese chipmakers, the report added, citing three people with direct knowledge of the matter. (Reporting by Kanjyik Ghosh in Bengaluru; Editing by Janane Venkatraman ) ((Kanjyik.Ghosh@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Jan 4 (Reuters) - Dell Technologies Inc DELL.N plans to stop using China-made chips by 2024 and has told suppliers to reduce the amount of other made-in-China components in its products amid concerns over U.S.-Beijing tensions, Nikkei reported on Thursday. The computer maker told suppliers late last year that it aims to meaningfully lower the amount of China-made chips it uses, including those produced at facilities owned by non-Chinese chipmakers, the report added, citing three people with direct knowledge of the matter. (Reporting by Kanjyik Ghosh in Bengaluru; Editing by Janane Venkatraman ) ((Kanjyik.Ghosh@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Jan 4 (Reuters) - Dell Technologies Inc DELL.N plans to stop using China-made chips by 2024 and has told suppliers to reduce the amount of other made-in-China components in its products amid concerns over U.S.-Beijing tensions, Nikkei reported on Thursday. The computer maker told suppliers late last year that it aims to meaningfully lower the amount of China-made chips it uses, including those produced at facilities owned by non-Chinese chipmakers, the report added, citing three people with direct knowledge of the matter. (Reporting by Kanjyik Ghosh in Bengaluru; Editing by Janane Venkatraman ) ((Kanjyik.Ghosh@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Jan 4 (Reuters) - Dell Technologies Inc DELL.N plans to stop using China-made chips by 2024 and has told suppliers to reduce the amount of other made-in-China components in its products amid concerns over U.S.-Beijing tensions, Nikkei reported on Thursday. The computer maker told suppliers late last year that it aims to meaningfully lower the amount of China-made chips it uses, including those produced at facilities owned by non-Chinese chipmakers, the report added, citing three people with direct knowledge of the matter. (Reporting by Kanjyik Ghosh in Bengaluru; Editing by Janane Venkatraman ) ((Kanjyik.Ghosh@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
5481673b-99b4-456e-b9b8-da9c1d2e9762
|
725596.0
|
2022-12-30 00:00:00 UTC
|
Dell Technologies (DELL) Gains As Market Dips: What You Should Know
|
DELL
|
https://www.nasdaq.com/articles/dell-technologies-dell-gains-as-market-dips%3A-what-you-should-know-2
|
nan
|
nan
|
Dell Technologies (DELL) closed the most recent trading day at $40.22, moving +1% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.25%. At the same time, the Dow lost 0.22%, and the tech-heavy Nasdaq gained 5.91%.
Heading into today, shares of the computer and technology services provider had lost 11.31% over the past month, lagging the Computer and Technology sector's loss of 3.63% and the S&P 500's loss of 2.59% in that time.
Dell Technologies will be looking to display strength as it nears its next earnings release. In that report, analysts expect Dell Technologies to post earnings of $1.67 per share. This would mark a year-over-year decline of 2.91%. Meanwhile, our latest consensus estimate is calling for revenue of $23.64 billion, down 15.58% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.48 per share and revenue of $100.9 billion. These totals would mark changes of +20.26% and -5.73%, respectively, from last year.
Any recent changes to analyst estimates for Dell Technologies should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Dell Technologies is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that Dell Technologies has a Forward P/E ratio of 5.32 right now. This represents a discount compared to its industry's average Forward P/E of 23.35.
It is also worth noting that DELL currently has a PEG ratio of 0.44. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Computers - IT Services industry currently had an average PEG ratio of 1.38 as of yesterday's close.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 65, putting it in the top 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Dell Technologies (DELL) closed the most recent trading day at $40.22, moving +1% from the previous trading session. Dell Technologies will be looking to display strength as it nears its next earnings release. In that report, analysts expect Dell Technologies to post earnings of $1.67 per share.
|
Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies (DELL) closed the most recent trading day at $40.22, moving +1% from the previous trading session. Dell Technologies will be looking to display strength as it nears its next earnings release.
|
Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies (DELL) closed the most recent trading day at $40.22, moving +1% from the previous trading session. Dell Technologies will be looking to display strength as it nears its next earnings release.
|
Dell Technologies (DELL) closed the most recent trading day at $40.22, moving +1% from the previous trading session. Any recent changes to analyst estimates for Dell Technologies should also be noted by investors. Dell Technologies will be looking to display strength as it nears its next earnings release.
|
c0f1a197-dbcf-46eb-ba9b-1cf481bda546
|
725597.0
|
2022-12-20 00:00:00 UTC
|
U.S. business equipment borrowings rise 9% in November - report
|
DELL
|
https://www.nasdaq.com/articles/u.s.-business-equipment-borrowings-rise-9-in-november-report
|
nan
|
nan
|
Dec 20 (Reuters) - U.S. companies borrowed 9% more to finance their equipment investments in November from a year earlier, industry body Equipment Leasing and Finance Association (ELFA) said on Tuesday.
The companies signed up for $8.6 billion in new loans, leases and lines of credit last month, compared with $7.9 billion a year earlier, according to ELFA. Borrowings were up nearly 6% from January.
"Rising interest rates seem to have little or no effect on origination volume in November," ELFA CEO Ralph Petta said in a statement.
"Labor markets are stable, inflation woes appear to be abating, consumers are spending, and businesses continue to expand and grow: a recipe for stable growth by providers of equipment financing," Petta added.
ELFA, which reports economic activity for the nearly $1-trillion equipment finance sector, said credit approvals totaled 77.7%, slightly above the October level.
The Washington-based body's leasing and finance index measures the volume of commercial equipment financed in the United States.
The index is based on a survey of 25 members, including Bank of America Corp BAC.N and its financing affiliates, and units of Caterpillar Inc CAT.N, Dell Technologies Inc DELL.N, Siemens AG SIEGn.DE, Canon Inc and Volvo AB VOLVb.ST.
ELFA's non-profit affiliate, Equipment Leasing & Finance Foundation, said the confidence index in December stood at 45.9, compared with 43.7 in November. A reading above 50 indicates a positive business outlook.
(Reporting by Priyamvada C in Bengaluru; Editing by Shinjini Ganguli)
((Priyamvada.C@thomsonreuters.comhttps://twitter.com/priyamouli1812?lang=en;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The index is based on a survey of 25 members, including Bank of America Corp BAC.N and its financing affiliates, and units of Caterpillar Inc CAT.N, Dell Technologies Inc DELL.N, Siemens AG SIEGn.DE, Canon Inc and Volvo AB VOLVb.ST. ELFA, which reports economic activity for the nearly $1-trillion equipment finance sector, said credit approvals totaled 77.7%, slightly above the October level. ELFA's non-profit affiliate, Equipment Leasing & Finance Foundation, said the confidence index in December stood at 45.9, compared with 43.7 in November.
|
The index is based on a survey of 25 members, including Bank of America Corp BAC.N and its financing affiliates, and units of Caterpillar Inc CAT.N, Dell Technologies Inc DELL.N, Siemens AG SIEGn.DE, Canon Inc and Volvo AB VOLVb.ST. Dec 20 (Reuters) - U.S. companies borrowed 9% more to finance their equipment investments in November from a year earlier, industry body Equipment Leasing and Finance Association (ELFA) said on Tuesday. The Washington-based body's leasing and finance index measures the volume of commercial equipment financed in the United States.
|
The index is based on a survey of 25 members, including Bank of America Corp BAC.N and its financing affiliates, and units of Caterpillar Inc CAT.N, Dell Technologies Inc DELL.N, Siemens AG SIEGn.DE, Canon Inc and Volvo AB VOLVb.ST. Dec 20 (Reuters) - U.S. companies borrowed 9% more to finance their equipment investments in November from a year earlier, industry body Equipment Leasing and Finance Association (ELFA) said on Tuesday. The Washington-based body's leasing and finance index measures the volume of commercial equipment financed in the United States.
|
The index is based on a survey of 25 members, including Bank of America Corp BAC.N and its financing affiliates, and units of Caterpillar Inc CAT.N, Dell Technologies Inc DELL.N, Siemens AG SIEGn.DE, Canon Inc and Volvo AB VOLVb.ST. Dec 20 (Reuters) - U.S. companies borrowed 9% more to finance their equipment investments in November from a year earlier, industry body Equipment Leasing and Finance Association (ELFA) said on Tuesday. The Washington-based body's leasing and finance index measures the volume of commercial equipment financed in the United States.
|
fdd610c3-5942-4594-8e34-88cf7b1ac633
|
725598.0
|
2022-12-15 00:00:00 UTC
|
Apple (AAPL) Launches App Freeform for iPhone & iPad Users
|
DELL
|
https://www.nasdaq.com/articles/apple-aapl-launches-app-freeform-for-iphone-ipad-users
|
nan
|
nan
|
Apple AAPL recently launched its latest app, Freeform, available in the latest versions of iOS, iPadOS and macOS.
Freeform offers a new kind of whiteboard experience that helps users to create, share and collaborate all in one place without worrying about layouts or page sizes.
Users can add various files like photos, video, audio, documents, PDFs, links to websites and map location links, sticky notes, shapes and diagrams to the blank canvas. iPhone and iPad cameras can even be accessed to attach an image or scanned doc directly to the board.
Another unique feature is users can invite others to work on the Freeform canvas together, even during facetime calls. Freeform whiteboards are stored in iCloud, so users can access them from any device.
This recent app offered by Apple is to attract varied customers to its products like iPhone, Mac book and iPad. AAPL is facing fierce competition from companies like Dell Technologies DELL in the area of desktop and other computing devices.
Apple is operating in a highly competitive space where companies like Dell are vying for market share with aggressive pricing competition, frequent introduction of products and services and easy availability of products in the market.
Apple Widens Service Offerings to Boost Prospects
Apple’s prospects are expected to suffer from disruptions at its Chinese partner Foxconn’s factory in Zhengzhou. We expect AAPL to ship roughly 70 million iPhones in the first quarter of fiscal 2023. The company expects revenue growth to decelerate in the fiscal first quarter compared with the fiscal fourth quarter due to unfavorable forex.
However, the broader Computer and technology industry is reeling from the effects of macroeconomic turmoil like rising inflation and recession caused by rising interest rates. The current market volatility has made investors bearish about major tech companies like Meta Platforms META and Microsoft MSFT.
Meta stock has plunged 63.9% in the year-to-date period compared with the Zacks Internet – Software industry’s decline of 58.5%.
Shares of Microsoft have lost 23.5% year to date compared with the Zacks Computer - Softwareindustry’s decline of 25.7%.
The slowing economy is likely to trigger cuts in ad spending, which will hurt the revenues of ad-driven Internet stocks like Meta, impacting their bottom-line growth. This downtrend is reflected in META's share price movement.
The immediate concern regarding Microsoft is softness in the core computing market. The company is dependent on this market for the largest chunk of its revenue. Also, Microsoft is seeing increased competition in this market sector.
The Zacks Computer and Technology sector has plunged 33.2% year to date while Apple shares, which currently carries Zacks Rank #3 (Hold) have done relatively well, down 19.3% over the same period. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Apple Services and Wearables businesses are expected to drive top-line growth in fiscal 2023 and beyond. Services revenues are expected to witness a CAGR of 8.36% between fiscal 2021 and fiscal 2024.
Although Apple’s business primarily runs around its flagship iPhone, the Services portfolio has emerged as the company’s new cash cow. It currently has more than 900 million paid subscribers across its Services portfolio. The plethora of Apple Services available across its smart speaker for homes is expected to attract new customers for its products and drive its market share amid stiff competition.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apple Inc. (AAPL) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Meta Platforms, Inc. (META) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
AAPL is facing fierce competition from companies like Dell Technologies DELL in the area of desktop and other computing devices. Apple is operating in a highly competitive space where companies like Dell are vying for market share with aggressive pricing competition, frequent introduction of products and services and easy availability of products in the market. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. AAPL is facing fierce competition from companies like Dell Technologies DELL in the area of desktop and other computing devices. Apple is operating in a highly competitive space where companies like Dell are vying for market share with aggressive pricing competition, frequent introduction of products and services and easy availability of products in the market.
|
Apple is operating in a highly competitive space where companies like Dell are vying for market share with aggressive pricing competition, frequent introduction of products and services and easy availability of products in the market. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. AAPL is facing fierce competition from companies like Dell Technologies DELL in the area of desktop and other computing devices.
|
Apple is operating in a highly competitive space where companies like Dell are vying for market share with aggressive pricing competition, frequent introduction of products and services and easy availability of products in the market. AAPL is facing fierce competition from companies like Dell Technologies DELL in the area of desktop and other computing devices. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
03945514-6147-4882-bd9d-58ee9b6f1fce
|
725599.0
|
2022-12-07 00:00:00 UTC
|
Are Options Traders Betting on a Big Move in Dell Technologies (DELL) Stock?
|
DELL
|
https://www.nasdaq.com/articles/are-options-traders-betting-on-a-big-move-in-dell-technologies-dell-stock-1
|
nan
|
nan
|
Investors in Dell Technologies DELL need to pay close attention to the stock based on moves in the options market lately. That is because the Dec 16, 2022 $40.00 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?
Clearly, options traders are pricing in a big move for Dell Technologies shares, but what is the fundamental picture for the company? Currently, Dell Technologies is a Zacks Rank #3 (Hold) in the Computers - IT Services industry that ranks in the Top 37% of our Zacks Industry Rank. Over the last 30 days, five analysts have increased their earnings estimates for the current quarter, while none have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from $1.62 per share to $1.67 in that period.
Given the way analysts feel about Dell Technologies right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
Looking to Trade Options?
Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your risk.
Click to see the trades now >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Investors in Dell Technologies DELL need to pay close attention to the stock based on moves in the options market lately. Clearly, options traders are pricing in a big move for Dell Technologies shares, but what is the fundamental picture for the company? Currently, Dell Technologies is a Zacks Rank #3 (Hold) in the Computers - IT Services industry that ranks in the Top 37% of our Zacks Industry Rank.
|
Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here. Investors in Dell Technologies DELL need to pay close attention to the stock based on moves in the options market lately. Clearly, options traders are pricing in a big move for Dell Technologies shares, but what is the fundamental picture for the company?
|
Investors in Dell Technologies DELL need to pay close attention to the stock based on moves in the options market lately. Given the way analysts feel about Dell Technologies right now, this huge implied volatility could mean there’s a trade developing. Clearly, options traders are pricing in a big move for Dell Technologies shares, but what is the fundamental picture for the company?
|
Given the way analysts feel about Dell Technologies right now, this huge implied volatility could mean there’s a trade developing. Investors in Dell Technologies DELL need to pay close attention to the stock based on moves in the options market lately. Clearly, options traders are pricing in a big move for Dell Technologies shares, but what is the fundamental picture for the company?
|
e1856ba6-686b-4982-a943-0d57123b981d
|
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.