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Dell (DELL.N) reported an 88% surge in first-quarter sales, driven by demand for AI products, prompting the company to raise its full-year outlook. The company said Thursday it now expects full-year revenue to reach $165 billion to $169 billion, up from its previous range of $138 billion to $142 billion. It also raised its midpoint of adjusted earnings per share guidance to $17.90 from $12.90. Dell reported first-quarter profit of $3.44 billion, or $5.24 per share, compared with $965 million, or $1.37 per share, in the same period last year. Excluding certain one-time items, adjusted earnings per share were $4.86, exceeding analysts expectations of $2.96 surveyed by FactSet. Revenue surged 88% to $43.84 billion. The sales growth was driven by the Infrastructure Solutions segment, whose revenue nearly tripled to $29 billion. This growth was driven by AI-optimized servers and traditional servers. Dell expects its second-quarter revenue to be between $44 billion and $45 billion, with a median adjusted earnings per share of $4.80. According to a FactSet analyst survey, analysts expected revenue of $35.1 billion and adjusted earnings per share of $2.99. Dells stock price surged in after-hours trading, rising more than 12% at one point.Following the release of its financial report, Dell (DELL.N) shares surged in after-hours trading, currently up over 9%.Dell (DELL.N) expects revenue of $44 billion to $45 billion for Q2 of fiscal year 2027.Dell (DELL.N) reported revenue of $43.84 billion for Q1 of fiscal year 2027, compared to $23.378 billion in the same period last year and market expectations of $35.408 billion.According to Irans Tasnim News Agency, reports indicate that Iran launched missiles from its southern region, reportedly as a warning shot to enemy warships.

XAGUSD maintains stability above the middle of $21.00, around the 200 DMA pivot point

Alina Haynes

Nov 14, 2022 18:45

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Silver has modest buying interest near $21.30 on Monday and reaches a new daily high during the first half of the European trading session. The white metal is currently trading in the $21.65-$21.70 range, but remains below Friday's five-month high.

 

In a broader context, the XAGUSD has struggled to capitalize on its upward rise beyond the extremely significant 200-day simple moving average (SMA). Before positioning for any additional near-term appreciation, it would be advisable to await some follow-through buying.

 

From current levels, the multi-month high near $22.05 could represent an immediate obstacle. The next significant resistance is located in the $22.45-$22.50 supply zone, which, if broken, will provide as a new bullish trigger and pave the way for further rises.

 

The XAGUSD might then accelerate its momentum towards $23.00 and eventually ascend to the May swing high in the vicinity of $23.25-23.30. Given that the RSI on the daily chart is on the edge of entering the overbought zone, the latter should prove difficult for bulls to overcome.

 

In contrast, the zone around the daily low of $21.35 presently appears to safeguard the immediate downside. Any more decline might be viewed as a buying opportunity and should be contained near $21.00, which could now serve as a pivot point for short-term traders.

 

A decisive breach below might spark technical selling and bring the XAGUSD below the $20.40 support zone. Failure to defend the aforementioned support levels could nullify the near-term bullish picture and change the market's tilt towards negative traders.


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