Friday, November 20, 2009

Goldman Sachs Report Gave Dell a 'Buy' on Monday. Stock Sinks Today

On Monday November 16: (and on many other sites on the Internet): "Goldman Sachs resumes coverage on Dell Inc. (NASDAQ: DELL) and gave DELL a Buy rating at a 12-month price target of $19. The stock moved up 2% on that report, and the Dow jumped +150.

Last night Dell deeply dissapoints, announcing its results for the third quarter of the fiscal 2010 year, reporting EPS of $0.23 a share down from $0.27 reported in the prior quarter, as well as below median estimates of $0.274 a share EPS. The stock is down 7% in pre-market.

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