Time to Buy the Post Earnings Dip in Dell Technologies (DELL) Stock
Dell Technologies(DELL) ZACKS·2024-06-05 08:31
After reporting Q1 results after market hours last Thursday and falling -18% on Friday for what was its worst trading day since 2018, the post-earnings dip in Dell Technologies (DELL) stock is starting to look like a buying opportunity. To that point, Dell was added to the Zacks Rank #1 (Strong Buy) list today as Q1 EPS of $1.27 still topped expectations by 1% despite falling -4% from $1.31 a share in the comparative quarter. This comes as investors have had lofty hopes for Dell's ability to increase profit ...