Dell's (NYSE: DELL) Blowout Q1 Results Spark Sympathy Rally In HPE, SMCI, And NOW Stocks
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7 Articles
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Dell's (NYSE: DELL) Blowout Q1 Results Spark Sympathy Rally In HPE, SMCI, And NOW Stocks
Shares of Hewlett Packard Enterprise (NYSE: HPE), Super Micro Computer (NASDAQ: SMCI), and ServiceNow (NYSE: NOW) surged in early premarket trading on Friday after Dell Technologies posted a stunning first-quarter earnings report. HPE led the sympathy rally with a gain of 21%, while SMCI climbed over 11% and NOW rose more than 6%, triggering high retail interest on the Stocktwits platform. Hewlett Packard Enterprise and Super Micro are Dell’s pr…
Dell's earnings blowout makes clear now is not the time to go against the AI grain
Don't fight the tape.
Dell’s earnings blowout makes clear now is not the time to go against the AI grain
Don’t fight the tape. That’s the message from strategists at Piper Sandler on Friday morning, and you know what, it’s hard to argue with their take. “The market’s price action continues to remind us of a simple mantra from the movie Maverick— ‘Don’t Think, Just Do,'” they wrote. “The primary trends are firmly bullish, rewarding investors who avoid over-analyzing the macro noise and instead follow the tape’s leadership. By sticking with momentum …
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