I don't know whether this has been posted:
From Briefing.com
However, as it has done so often in the past, Dell Computer could give the sector a much needed boost of confidence as early as Monday afternoon... Company due to report earnings on Tuesday... Street looking for a gain of $0.42, but based on DELL's history
profit to be closer to $0.45-$0.46... So far, comments from company give investors no reason to assume that forward looking statements won't also be positive... If they live up to recent history, Dell's earnings news will take some of the sting out of the HWP debacle...
A real bullish outlook will also go a little ways toward healing the battered chip stocks...
. But industry to get a much needed boost this week, as Dell is scheduled to report earnings on Tuesday... Street looking for gain of
$0.42, though we would be surprised if DELL didn't handily beat the consensus... Big question is whether good news from Dell will pick up the entire group, or will investors reward DELL while punishing the laggards such as IBM, Compaq and Hewlett-Packard... Lean toward the latter though wouldn't be surprised by the former..
From Right Line Split Report:
Dell Computer (DELL) - Friday, Dell was particularly ugly. As a
subscriber so aptly put it, "perhaps it was the synergy of FOMC meeting, Friday expiration, Hewlett disaster, and the call by the analyst on INTC, but wow! Is there something going on that is eluding us?" When events converge and take a stock down like that, that's when stops are so valuable. As we all have learned over and over, it matters not what is the truth on a stock; it's the perception. Tuesday night we will find out the truth about Dell. If these kinds of things matter, then DELL is looking good. Its parking lot is full, they are renting new real estate at a brisk pace and they are hiring anybody that isn't dead (just kidding, they are hiring at a stiff pace). If DELL continues to sell off Monday, which is possible, just wait it out. The lower it goes the lower the bar is set for earnings. Remember that a small position works wonders while keeping risk manageable. I suspect that no matter what happens to DELL, it should rise leading into earnings late Tuesday.
On Friday, DELL plummeted 5.25 to 90 (convientantly right at its strike price, forcing many trader to take big losses on the day), due to a whirl of program and options related selling. In spite of the major tank job on Friday, DELL was only down 1.75 on the week after hitting a record high of 96.25 on Wednesday.
DELL is expected to report earnings this coming Tuesday. The Street
will be looking for DELL to report earnings of $0.42 or $0.43 per share for the quarter ending April 30. We have all seen DELL appreciate over 114% year to date, so DELL must really surpass the number in order to soar higher. The highest estimate for DELL is $0.45 per share, and should DELL beat this number and post a strong outlook, look for DELL to continue to rocket. If you decide to hold DELL over earnings, a small position size is key. Remember, your stops won't help you if the stock gaps down in after hours trading should DELL miss the number. DELL is optionable. |
