Dell surged after earnings, benefiting from home-office trend
Published by Terence Mahier | Source

Dell surged +6% after reporting better-than-expected results for Q1, riding the wave of the new home-office trend πŸ’»

Dell witnessed a 15 to 20% rise in orders from banking, financial services, government, healthcare, and life sciences - mostly workstation purchases by companies moving more employees to home-based work 🏑

Dell has strongly recovered from its market drop in March following the global bear market but is still down 11% from Jan 2020 πŸ“ˆ

Will Dell become part of the "plague stocks" group that benefits from the pandemic and keep rising?

Extra Insights

Even though Dell numbers are strong, the market will likely decide of the following trend as investors are bracing themselves for Trump's news conference on the U.S. answer following China’s national security law for Hong Kong βš”οΈ

Dell's Beta, which is an indicator of the volatility, or systematic risk, of a stock in comparison to the market as a whole is 0.76. If we simplify reality, it means that a move of 10% of the market creates a move of 7.6% on Dell πŸ€“

What Happened on the market eventually?

No Feedback on this trade.

- Newspill Team πŸ’Š
29-May 09:29 (Eastern Time)

Every weekday, we send to our community a summary of the most impactful Business/Financial news of the day - the "Daily Dose".