Stocks fell in the bargain bin amid the market’s sell-off in the last few weeks. Dell Technology (DELL) hurt
the PC stock sector when it posted results. This also pulled Intel's (INTC) stock lower.
Dell posted revenue growing by only 9.3% Y/Y to $26.43 billion. It earned $1.68 a share. Business thrived
from the company’s client solutions group and infrastructure solutions group. Furthermore, the
infrastructure solutions group fared well with a 12% Y/Y growth to $9.5 billion.
DELL stock is at its cheapest at current levels.
In the shipping segment, ZIM Integrated (ZIM) fell by 15% on August 26, 2022, after trading ex-dividend.
The $7.21 share drop exceeded the $4.75 dividend. Markets are fearful that shipping volumes will fall.
The inflationary-driven recession risks slowing the global economy. This will hurt shipping rates.
Back in the tech sector, Intel (INTC) closed at new lows last week. Dell is not the only reason for the fall.
Semiconductor firm Marvell Technology (MRVL) posted weak guidance. Excess inventory in the hard disk
drive and networking market is a headwind. Conversely, the cloud market remains strong.
Patient investors should consider Marvel over Intel. Marvell expects the supply chain issues will resolve
themselves. Although the industry has excess data center supply, the hyper scale will resume growth by
next year.
