Closing Bell: Dell Soars, Costco Dips, NetApp Rallies
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Scarlet Fu, Katie Griefeld, Christina Ruffini and Tim Stenovec.
- Dell Technologies (DELL) shares are soaring on Friday after the Texas-based company raised both its full year revenue and adjusted EPS outlooks on strong demand for its AI-powering servers. Analysts are widely impressed with the report, calling it “another blowout quarter.”
- Costco (COST) shares fall 0.4% in premarket trading after the warehouse and bulk retailer reported its latest earnings. Analysts say that while third-quarter figures were solid overall, moderating membership growth is a concern.
-NetApp (NTAP) rallies 17% in premarket trading after the data storage provider reported its latest earnings. Analyst say the report is a strong print from the company, showing strong growth, with upgrades to consensus expected.
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