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Closing Bell: The Bears Found Some Bulls (ABK, JASO, MBI, NFLX, INTC)

How you look at today's FOMC meeting is up to you, but the stock market bounced in reaction to the FOMC's decision to reinvest rolling maturities into more Treasury bonds. A higher oil forecast from the EIA also lent more credence to a sustained growth despite some tempering of those growth estimates.

Here were today's unofficial closing bell levels:

Dow Jones 10,644.25 -54.50 (-0.51%)
S&P 500 1,121.08 -6.71 (-0.59%)
Nasdaq 2,277.17 -28.52 (-1.24%)

Continue reading Closing Bell: The Bears Found Some Bulls (ABK, JASO, MBI, NFLX, INTC)

Dell sales gain ground

Dell (NASDAQ: DELL) may be back on track. Data from research firm IDC shows that, in the fourth quarter, Dell shipped 17.1 percent more PCs worldwide in the quarter than in the year-earlier period, for a total of 11.3 million units and 14.6 percent of the global PC market, according to Reuters. The company also had strong results in the U.S.

It may be that Dell's program to sell PCs through retail outlets is starting to show results, but that would not account for the global change. The company has attempted to add new models and pair that with aggressive pricing. That is driving growth, which may be coming at the expense of rival Hewlett-Packard (NYSE: HPQ).

If the IDC figures are accurate, Dell's numbers for the last quarter of 2007 should be better than expected.

Douglas A. McIntyre is an editor at 247wallst.com.

The Personal Computer Price War Appears To Be Subsiding

Analysis provided by Theflyonthewall.com:

Dell Inc. (NASDAQ:DELL) Q3 revenue was essentially in-line with expectations, but margins improved nicely, with gross margins jumping to 17% from 15.5%. Dell's shares surged on the report, up $2.33 Wednesday to $27.16 in very heavy trading.

Growth for Dell is coming from where it was supposed to originate from the Asia Pacific-Japan region. Dell reported 23% unit volume growth in the Asian region in addition to solid unit volume growth of 9% in Europe.

However, sales in the Americas were flat to down, which has been the case for a while. The high- growth days in the mature economies are over, especially from a revenue perspective.

There might be a good trade in Dell based on margin expansion, but investors should look at newer, high-growth companies, such as Google Inc. (NASDAQ:GOOG) and Interactive Corp. (IDC). It's important for traders and investors to remember that we are in the Internet era, not the PC era.

Symbol Lookup
IndexesChangePrice
DJIA-74.9212,454.83
NASDAQ-1.852,837.53
S&P 500-2.861,317.82

Last updated: May 28, 2012: 06:19 AM

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