Damo: Why Dell's sharp drop is an opportunity

On May 30, the latest quarterly report from Dell, the new favorite of the AI circuit. Although many core financial indicators exceeded expectations, the stock price fell sharply by 20% after the market on the same day due to falling profits and a lack of surprises in the backlog of AI server orders. Morgan Stanley analyst Erik Woodring and others believe that Dell's stock price had previously surged 39% in a single month in May, reaching a record high, and its performance far exceeded the market. This sharp drop was also due to some investors' sense of a profit settlement. However, Erik believes that this retracement is closer to an opportunity to “reverse and pick up”, and Dell still has room to rise. Poor profitability is a storage table

wallstreetcnJun 2 06:03 ET

What to Expect in the Week Ahead (GTLB, CRWD, DLTR and NIO Earnings; Labor Report)

Earnings Preview

Moomoo Breakfast USJun 2 03:08 ET

Nasdaq, S&P, and Dow Finished Higher After Late Afternoon Rally

Seeking AlphaMay 31 16:05 ET

Dell Technologies Shares Dip Despite Beating Q1 Expectations: What You Need To Know

Dell Technologies (NYSE:DELL) shares experienced a decline Friday afternoon despite reporting better-than-expected Q1 financial results.What To Know: Dell Technologies reported a 6% year-over-year inc

BenzingaMay 31 14:10 ET

(EME) - Analyzing EMCOR Group's Short Interest

EMCOR Group's (NYSE:EME) short percent of float has risen 22.39% since its last report. The company recently reported that it has 596 thousand shares sold short, which is 1.64% of all regular shares t

BenzingaMay 31 14:00 ET

Tech Stocks Crumble As Wall Street's 5-Week Rally Ends; Bonds Offer Safe Haven As Growth Worries Reemerge: What's Driving Markets Friday?

Bears knocked on Wall Street's door again Friday, sending large-cap tech stocks lower despite the Fed's favorite inflation measure meeting expectations.Both the S&P 500 and the Nasdaq 100 index are se

BenzingaMay 31 13:44 ET