We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
In a recent Zacks Ultimate Strategy Session, I was asked what sector in the market I thought would lead heading into the end of the year. The favorites of yesteryear like energy or tech were not my choice. Rather, I thought that consumer discretionary was going to lead the way. My thinking was that folks were overly bearish on the US consumer given that student loan payments were set to un-freeze. If there’s one thing about American’s you can’t ever question, it’s our propensity to buy cool stuff to make us feel better. A little retail therapy so-to-speak.
Today’s Bull of the Day is a stock that benefits from consumer spending, but it’s also an enterprise play. I’m talking about Zacks Rank #1 (Strong Buy) Dell Technologies ((DELL - Free Report) ). Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).
Image Source: Zacks Investment Research
The reason for the favorable Zacks Rank is the recent positive earnings estimate revisions coming from analysts. Over the last sixty days, two analysts have upped the ante for both the current year and next year. It’s pushed up our Zacks Consensus Estimate for the current year from $5.55 to $6.33 while next year’s number is up from $6.12 to $6.99.
The company has been on an absolute heater when it comes to earnings reports. Last quarter’s 61 cent beat was the latest in a line of earnings beats dating back six consecutive quarters. While the company has been beating, estimates continue to rise. Estimates bottomed out in Q2 2023. Since then, they’ve continued to move up. That has helped the stock move from lows under $40 to over $70 where it closed on November 8th.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Bull of the Day: Dell Technologies (DELL)
In a recent Zacks Ultimate Strategy Session, I was asked what sector in the market I thought would lead heading into the end of the year. The favorites of yesteryear like energy or tech were not my choice. Rather, I thought that consumer discretionary was going to lead the way. My thinking was that folks were overly bearish on the US consumer given that student loan payments were set to un-freeze. If there’s one thing about American’s you can’t ever question, it’s our propensity to buy cool stuff to make us feel better. A little retail therapy so-to-speak.
Today’s Bull of the Day is a stock that benefits from consumer spending, but it’s also an enterprise play. I’m talking about Zacks Rank #1 (Strong Buy) Dell Technologies ((DELL - Free Report) ). Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).
Image Source: Zacks Investment Research
The reason for the favorable Zacks Rank is the recent positive earnings estimate revisions coming from analysts. Over the last sixty days, two analysts have upped the ante for both the current year and next year. It’s pushed up our Zacks Consensus Estimate for the current year from $5.55 to $6.33 while next year’s number is up from $6.12 to $6.99.
The company has been on an absolute heater when it comes to earnings reports. Last quarter’s 61 cent beat was the latest in a line of earnings beats dating back six consecutive quarters. While the company has been beating, estimates continue to rise. Estimates bottomed out in Q2 2023. Since then, they’ve continued to move up. That has helped the stock move from lows under $40 to over $70 where it closed on November 8th.