US earnings preview: HPE, Dollar Tree, Dell in focus
In the US, investors are awaiting quarterly reports from companies in the technology and retail sector.
On Tuesday, Wall Street expects earnings from HPE and Dollar Tree, on Wednesday, it will be the turn of Snowflake and Foot Locker – and on Thursday, investors hear from Dell Technologies and Salesforce. The latest earnings come as Dollar Tree stock experienced a difficult quarter, while Dell Technologies saw its stock rise by more than 30% in the last three months. IGTV’s Angela Barnes has more.
(AI Video Transcript)
Dollar Tree and Dell Technologies
Investors in the US are excitedly waiting for the quarterly reports from technology and retail companies this week. We are particularly interested in analyzing Dollar Tree and Dell Technologies.
Dollar Tree
Dollar Tree has had a tough quarter, as its stock dropped significantly from August to September. This decline was mainly influenced by the company's previous set of results. In the second quarter, Dollar Tree saw a decline in gross margin, resulting in a decrease to 29.2 percent. This drop was due to lower mark-ons. It will be fascinating to see if Dollar Tree can recover from this difficult quarter and show signs of improvement in its upcoming earnings report.
Dell Technologies
On the other hand, Dell Technologies has experienced impressive growth of over 30 percent in the past three months. This surge was a result of better-than-expected earnings, revenue, and forecast announced in its last quarterly report. Experts believe that Dell is in a favorable position to benefit from the increasing demand for artificial intelligence servers. Morgan Stanley even stated that the company is emerging as an early generative AI winner after its last set of numbers. Investors will surely be looking for further proof of Dell's success in the AI market when its report is released on Thursday.
Overall, these quarterly reports are crucial to investors as they can significantly impact the market. People are specifically interested in the technology and retail sectors and are eager to know how these companies have performed and whether they have met or exceeded expectations. So, let's keep an eye on these reports and see how they shape up in the trading world.
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