Rochester,NY 7/13/2009 11:04:54 PM
Mid Morning Stock Report - DELL - Stocks Turn Positive on Bullish Bank Sentiment - Sourced WhisperFromWallStreet.com
Dell Inc.
Dell Inc., DELL
Stocks popped more than 1 percent after as a bullish banking call by analyst Meredith Whitney helped lift a market that had been struggling under a cloud of economic weakness.
Despite Whitney's prediction that the unemployment rate would hit 13 percent, investors instead focused on her forecast that bank stocks are in for at least a short-term gain of 15 percent as the industry benefits from accounting changes and legislation aimed at helping lenders.
Falling energy prices put some pressure on stocks as US light, sweet crude [US@CL.1 59.05 -0.84 (-1.4%)] fell below $59 a barrel, pulling Dow component ExxonMobil [XOM 64.9918 -0.1282 (-0.2%) ] into red numbers. Metals stocks were broadly lower as well.
ABOUT - Dell Inc.
Dell Inc., together with its subsidiaries, engages in the design, development, manufacture, marketing, sale, and support of computer systems and services worldwide. It offers desktop PCs and workstations; notebook computers; servers and networking products; and storage solutions, including storage area networks, network-attached storage, direct-attached storage, disk and tape backup systems, and removable disk backup. The company also offers third party software products, which comprise operating systems, business and office applications, anti-virus and related security software, and entertainment software; peripheral products, including software titles, printers, televisions, notebook accessories, networking and wireless products, digital cameras, power adapters, scanners, and other products; and displays, including flat panel monitors and projectors.
Last Trade: 12.89
Day's Range: 12.65 - 13.22
52wk Range: 7.84 - 26.04
Volume: 19,247,598
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