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Two Ways: Dell's Outlook a Thorn in PC's Side


Strengthen your portfolio in good times and bad.

Dell plays Debbie Downer

Last night Dell (DELL) issued a warning for its current quarter ending July 31, damaging investors' confidence that a quick turnaround in the PC market was in the works. According to, the world's second largest computer maker said it expects lower profit margins because of "higher component costs, a more competitive pricing environment, and an unfavorable mix of product and business-segment demand."

The company did say it is seeing demand stabilization and expects a slight increase in revenue growth. Still, Wall Street didn't seem pleased as shares fell 3.5% in afterhours trading.

From the Bull Pen: In technology, bulls can look to IBM (IBM). A sell stop can be set below $100. Palm (PALM) may also be a buying opportunity at gapfill ($13.50). A sell stop can be set 2% below entry.

From the Bear Cave: Tough being short in this environment. But bears can consider reloading in Sony Corp (SNE) should the stock rally back to resistance near $25-25.50. A buy stop can be set 2% above that level.

Quick Check Around the World

Asian trading closed with the Hang Seng 3.66%, India 3.38%, Shanghai 2.10%, Nikkei 2.34%, and Taiwan 1.66%.

Glancing towards Europe, we see the FTSE 0.63%, CAC 0.49%, DAX 0.80%

As of 8:10 AM EST, S&P Futures are trading +6.50 to 902.00 and Nasdaq futures are +6.3 to 1448.75.

A Look at Commodities

Over in commodities, crude oil is trading +1.05 to 60.74 while gold is +1.20 at 923.70 is morning. Silver is +0.120 to 12.90 and copper +4.05 to 225.35.

The dollar index is -0.2200 to 80.0800.

On the Radar


08:30 Core PPI 0.1% cons.
08:30 PPI 0.8% cons.
08:30 Retail Sales 0.5% cons.
08:30 Retail Sales ex-auto 0.5% cons.
10:00 Business Inventories -1.0% cons.

Click here for the full trading radar.

Good luck today!
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No positions in stocks mentioned.

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