|Bid||53.16 x 4000|
|Ask||53.54 x 800|
|Day's Range||53.44 - 54.65|
|52 Week Range||41.58 - 70.55|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||17.05|
|Earnings Date||Nov 26, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||65.73|
Dell EMC PowerMax extends storage leadership to address customers' most pressing IT needs in cloud, automation and next-generation workload optimization ROUND ROCK, Texas , Sept. 10, 2019 /PRNewswire/ ...
VMWare's (NYSE:VMW) meteoric rise after inking a key partnership a couple years ago just goes to show: "Data is the new oil."That phrase was first coined in 2006 by a British statistician named Clive Humby. He should know; he created the first supermarket loyalty card on behalf of Tesco (OTCMKTS:TSCDY). And with the data gleaned from that "Clubcard" program, the U.K. grocery chain doubled its market share from 1994 to 1995 alone. Talk about a valuable commodity!These days, companies like VMWare are crucial in keeping this gravy train going. And VMW stock is up roughly 70% for us at Growth Investor.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe "VM" in "VMWare" stands for virtual machines, which is software that solves a big problem for many businesses: too many servers.The more your company grows, the more data storage you need, but multiple servers quickly become a major headache - and costly. Instead, you can just log into VMWare, and do all your computing on one server. Things run faster and more efficiently, with less confusion. No wonder VMWare grew both earnings and revenue (+12% year-over-year) in the second quarter, both of which beat Wall Street expectations. * 7 Stocks to Buy In a Flat Market Now, these days, many companies don't keep their own servers, or even rent space in a data center…they just use cloud (online) storage. Or they use some combination of the three. And when it comes to this "hybrid cloud," VMWare has pretty much cornered the market.That's thanks to a historic partnership with one of my other Growth Investor picks: Amazon (NASDAQ:AMZN). You might think of Amazon more for online shopping, or to buy e-books for your Kindle. Well, these days, its biggest profit driver is actually Amazon Web Services (AWS).VMWare was already a leader in the cloud computing field; it is the infrastructure platform choice of 100% of the Fortune 500\. It also has strong marketing relationships with computer hardware vendors, like Dell Technologies (NYSE:DELL), HP Inc. (NYSE:HPQ) and IBM (NYSE:IBM). Now that this "private cloud" company has partnered with Amazon's "public cloud" service, customers don't need to choose.Below you can see VMWare's products for your data center and for VMWare Cloud, plus Amazon's own cloud services - and how they can all interact. For Big Data, VMWare and AWS is a "one-stop shop."Source: VMWare.comHospitals, banks, car companies, the Make-a-Wish foundation, even candy companies and colleges all use VMWare to make their data operations more modern (and thus more secure).There's just one final frontier for VMWare and AWS (and their customers): the "mother of all technologies." Crunching the NumbersUp until now, technologies have certainly made our lives easier and more efficient…but with a lot of room for human error. People trip over cords, spill their coffee, and get tired.Artificial intelligence (A.I.) does not.As scientists find even more applications for artificial intelligence - from healthcare to retail to self-driving cars - it's incredible to imagine how much data will be involved.To create A.I. programs in the first place, tech companies must collect vast amounts of data on human decisions. Data is what powers every A.I. system.So any one company that can help with customers' data issues - is the one company that's most worth investing in.After all, in the 2003 oil boom, investors could either speculate on oil futures contracts… or they could have bought shares in Core Laboratories (NYSE:CLB).Core did no drilling or exploration of its own. It provided technology to lots of companies who did. And as oil prices climbed from $30 per barrel in 2003 to $100 per barrel in 2008, Core's customers had more money to spend on exploration. Along with that, CLB stock rose 1,100%…with less risk.Now, picture an industry like Big Oil as a huge skyscraper with lots of offices. By buying stock in an individual oil company, it's like having a key to one of those offices. By buying Core Laboratories, it's like having a "Master Key" to all of them. The A.I. "Master Key"Core Laboratories was the Master Key to the 2000s oil boom. And here, the Master Key is the company that makes the "brain" that all A.I. software needs to function, spot patterns, and interpret data.It's known as the "Volta Chip." Last week, VMWare just signed a big deal with this very company -- and its Volta Chip is what makes the A.I. revolution possible.Some of the biggest players in elite investing circles have large stakes in the A.I. Master Key: * Ron Baron, billionaire money manager with one of the biggest estates in the Hamptons. * Ken Fisher, author of The Ten Roads to Riches and other bestsellers, who's made the Forbes 400 Richest Americans list. * Mario Gabelli, namesake of the Gabelli Funds, with a salary of $85 million for one year -- Wall Street's highest paid CEO.None of them, however, are programmers…or any kind of tech guru. You don't need to be an A.I. expert to take part. I'll tell you everything you need to know, as well as my buy recommendation, in my special report for Growth Investor, The A.I. Master Key. The stock is still under my buy limit price -- so you'll want to sign up now; that way, you can get in while you can still do so cheaply.Click here for a free briefing on this groundbreaking innovation.Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system -- with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the "Master Key" to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Deeply Discounted Energy Stocks to Buy * 7 Stocks to Buy In a Flat Market * 10 Stocks to Buy to Ride China's Emerging Wealth The post VMWare (VMW) Just "Struck Oil" - Here's How to Invest appeared first on InvestorPlace.
CFO of Dell Technologies Inc (30-Year Financial, Insider Trades) Thomas W Sweet (insider trades) sold 100,000 shares of DELL on 09/03/2019 at an average price of $51.32 a share. Continue reading...
(Bloomberg Opinion) -- Back in the day, PCs were hip and investors chased computer stocks to sky-high valuations. Everyone was buying a desktop, and then a laptop, and the companies that supplied them could do no wrong.Then came the smartphone. We all know to blame Apple Inc. for the end of the PC era. Though Steve Jobs didn’t invent the “phone + internet” mash-up, the iPhone spurred competitors to make such devices useful and customers took to them with glee. A decade-long smartphone boom followed.Take a look at the recent share price performance of handset makers and there’s not much left to be gleeful about. As handsets got boring, so too did the shares of the companies that relied on them for revenue. HTC Corp. and Xiaomi Corp., two of the few firms left that focus on handsets, have seen their shares plummet in the past year. PC makers, on the other hand, have been a little more exciting.Yet if you divide the universe of smartphone and PC makers in two, you’ll discover something interesting: Those that primarily focus on corporate customers or lead the market in a key non-consumer business are outperforming those that get a larger slice of revenue from smartphones and consumer PCs. Since Dec. 21, when Dell Technologies Inc. started trading again after a take-private deal in 2013, its shares jumped 21%. International Business Machines Corp., Samsung Electronics Co. and Hewlett Packard Enterprise Co. have all climbed since that date. (2) By contrast, LG Electronics Inc., Lenovo Group Ltd., HTC, HP Inc., Acer Inc. and Xiaomi all dropped. The first major outlier is Apple. I suspect that’s because fund managers sitting on piles of cash realized that it probably makes sense to put money into companies with fat margins and a cult following, even if it’s lost a little luster. ZTE Corp. also did well, but that’s mostly because it’s recovering from being at the wrong end of U.S. national-security policy.Instead of looking at PCs versus smartphones, a paradigm that worked well for around a decade, the better way for investors to divide the technology-hardware sector is consumer and enterprise. The two HPs – Enterprise and Inc. – serve as the perfect example. HP Inc. gets 60% of its revenue from desktop and notebook PCs, while HP Enterprise sells servers, storage and networking services. HP Enterprise is up 10% while HP Inc. fell 7% over the period. IBM is up 22%, Acer is down 13% and Xiaomi has fallen 36%. The lines do get a little blurred. Lenovo, for example, is also in the server and smartphone businesses, and Dell gets around 11% of its revenue from consumer PCs. Having divided their investible universe along these new fault lines, however, punters would be foolish to believe that the bull-run in enterprise will continue unabated. Both HPE and Dell last week raised their full-year earnings forecast, spurring shares to rise. In reality, that bottom-line strength appears to come from better margins and cost control rather than a rosier outlook for revenue. “We’ve tried to position the company to be successful in any economic environment,” Dell CFO Tom Sweet told Bloomberg News. That kind of attitude deserves the 10% single-day spurt the stock received. But cost control can only go so far. If a global economic slowdown and the trade war don’t abate, then not even fiscal pragmatism can save earnings.Sell-side analysts are adjusting accordingly. They’ve trimmed most companies’ 2019 revenue forecasts over the past six months, as well as next year’s EPS estimates.By examining more closely the end-market and customer base for each company, investors will find it easier to sort likely winners from losers. In the face of even bigger problems for the economy, however, a new analytic framework won’t change the fact that tough times are still ahead.(1) That's when Dell shares started trading. The rise/fall divide since that date is somewhat coincidental, but the wider point still stands: Enterprise has largely outperformed consumer.To contact the author of this story: Tim Culpan at firstname.lastname@example.orgTo contact the editor responsible for this story: Rachel Rosenthal at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
ROUND ROCK, Texas , Sept. 3, 2019 /PRNewswire/ -- Dell Technologies (NYSE: DELL) announces that Tom Sweet , Dell Technologies' chief financial officer, will present as a keynote speaker at the Citi Global ...
The recent earnings season has peaked, but there are still some interesting reports coming out. Last week, the tech industry brought us two such pieces, as Dell and Marvell, a computer company and a semiconductor maker, reported their Q2 results. The reports prompted a wave of analyst attention for each company; we’ll take a look at what happened, and what the analysts have to say about both companies’ prospects. Marvell Technology Group, Ltd. (MRVL)Of the two, Marvell’s earnings report was more in line with expectations. The company, like many of its peers in the semiconductor industry, has been feeling pressure from the US-China trade tensions, and management acknowledged that by reducing forward sales guidance for Q3 report later this year. A look at the numbers, however, shows that Marvell is maintaining a solid position despite its China exposure.EPS for Q2 came in at 16 cents per share, 6.6% above the estimate of 15 cents. It was the third time in the past three quarters that Marvell had beaten the forecast on EPS. The quarterly revenue of $656.57 million was 1.5% higher than the forecast $646.87 million, and marked the fourth straight quarter of revenue beats for Marvell.Looking at Marvell after the earnings report, Merrill Lynch’s Vivek Arya acknowledges the sales pressure that the company is feeling due to the trade issues, but believes the company’s position in the rising 5G market will sustain profitability. He writes, “[5G] is likely a more realistic multi-year run-rate target, and could have upside (Samsung share gains, Nokia content expansion, plus new content/customer from Avera acquisition).” Arya adds that future growth predictions are “justified by the 30%+ EPS growth trajectory driven by 5G over the next few years.” His price target of $28 suggests an upside potential of 16% for MRVL.Writing from Barclays, Blayne Curtis agrees that Marvell’s future is firmly in the new wireless technology: “5G is very much on track and even ahead of schedule with shipments to Samsung in Q3 and that Samsung is even committed to its next gen. chip… we still see this as a $1b+ opportunity.” Curtis sets a $30 price target on MRVL, implying a 25% upside potential.Marvell’s consensus rating is a Strong Buy, based on 15 buys and 3 holds. Shares are selling for $23.97, and the average price target of $27.71 indicates analyst confidence in a 15% upside to the stock. Dell Technologies, Inc. (DELL)Dell showed a stronger performance in Q2. To put it simply, the company clobbered the forecasts. Reported revenues of $23.37 billion were 1.12% higher than the forecast $23.11 billion – and 1.8% higher than the year-ago quarter. These positive results were complemented by the EPS, which came in with a whopping 47% positive surprise, as $2.15 per share was way ahead of the $1.46 expected. Like Marvell, Dell has a recent history of earnings beats; it’s beaten revenue forecasts four quarters in a row, and EPS twice in the last year.DELL shares responded to the blockbuster quarterly with a 10% gain in the August 30 trading session.Amit Daryanani, 5-star analyst with Evercore ISI, was duly impressed by the earnings – he even titled his research note on the subject, “If There is an IT Slowdown, Michael [Michael Dell, CEO – ed.] Didn’t Get the Memo.”In that note, Daryanani wrote, “DELL reported an impressive Jul-qtr especially in the context of their peers broadly missing and lowering expectations… [We see] upside driven by strong trends in PC centric markets coupled with sizable margin expansion across both their client and infrastructure segments.” His price target, $63, reflects his optimism and indicates a potential 22% upside.Wells Fargo analyst Aaron Rakers was also impressed by DELL’s performance. He described the Q2 results as “strong,” and pointed out that the company has a positive cash flow and has been reducing core debt. He particularly noted increases to the company’s FY20 guidance. Rakers’s price target of $68 implies an upside of 31% for DELL.DELL holds a Moderate Buy from the analyst consensus, derived from 6 buy and 4 hold ratings given the stock in the past three months. The average price target of $61 suggests and upside potential of 20% from the current share price of $51.After their earnings reports, DELL and MRVL are analyst favorites. Find out what other stocks are trending with Wall Street’s stock watchers in TipRanks Daily Analyst Ratings tool.
All it takes is one positive catalyst to send shares soaring. Whether it’s a solid earnings performance, a comment from management or a recent acquisition, these events can have a drastic effect on share prices. For example, International Business Machines' (IBM) shares are up 3% in the last three days after it unveiled its digital solution GRIT to help veterans transition out of active duty. For a few other tech stocks, the recent announcement of new products is also generating a positive buzz among investors. Product updates from Fitbit (FIT), Microsoft (MSFT) and Dell Technologies Inc. (DELL) have led to a surge in share prices, with many analysts saying these companies have taken meaningful steps in the right direction.Let’s take a closer look at these 3 tech stocks rallying on new product announcements. Fitbit Inc. (FIT)The wearable fitness device company has seen share prices gain 8% in the last three days after it announced an upgraded smart watch and a plan for a premium subscription service on August 28. Fitbit has joined forces with eCommerce giant Amazon (AMZN) to add Alexa voice capabilities to its new and improved Versa 2 smart watch. The revamped watch will be available on September 15 with a $199.95 price tag.The new watch will also include a brighter display, faster processing, the Spotify music app as well as payment capabilities. “While Versa Lite received good press and consumer reviews, we saw that consumers were willing to pay more for a smartwatch with additional features or look for discounting versus everyday value,” CEO James Park stated.As part of its efforts to diversify its product offerings, FIT is launching a premium subscription service that offers coaching, sleep tracking, health reports and workouts. The service will be released sometime in the fall for $10 per month or $80 per year.Roth Capital analyst Scott Searle tells investors that these additions to its product pipeline are “steps in the right direction”, with the service and Versa 2 being largely neglected from the current valuation. “We estimate the service will attract 14 million users paying an average of $14-16 a month. Based on our calculations, a 1% penetration of the active user base would add $0.05-0.08 to the EPS,” he explained. As a result, the two-star analyst reiterated his Buy rating and $8 price target on August 28. Searle thinks share prices could increase 159% over the next twelve months. In general, the Street takes a less bullish stance on FIT. It has a ‘Hold’ analyst consensus and a $5 average price target, suggesting 61% upside potential. Microsoft Corporation (MSFT) The tech giant announced on August 27 that it would be holding a special Surface hardware event in New York City. The news of the October 2 event sent share prices up about 2% in just the last three days. The announcement has led to speculation among investors as to whether or not the company’s dual-screen device, Centaurus, will be unveiled. MSFT, which has been building the device for two years, teased the innovative product at an internal meeting back in June, demonstrating that the product is nearing release. It should be noted that it’s not one hundred percent certain that the launch will happen in October.That being said, it’s widely expected that several other Surface products will get a refresh including a revamped Surface Pro that includes a USB-C port as well as the Surface Book and Surface Go Tablet.Not to mention MSFT announced on August 29 that it's testing a new interface for Windows 10 specifically designed for 2-in-1 laptop convertibles, with it able to automatically activate when the laptop convertible switches into a tablet posture. Its commitment to not only improving its current products but also to developing new and innovative technologies lends itself to Wedbush analyst Daniel Ives’ conclusion that MSFT shares will only continue to rise. On August 29, the four-star analyst reiterated his Buy rating and $160 price target, implying 16% upside potential. All in all, other Wall Street analysts echo Ives’ sentiment. MSFT boasts a ‘Strong Buy’ analyst consensus as well as a $154 average price target, indicating 11% upside. Dell Technologies Inc. (DELL)Since its December 2018 IPO, Dell has demonstrated that it’s a force to be reckoned with as the stock is up 5% year-to-date. The computer company isn’t stopping there with shares already surging more than 12% in the last five days.The jump comes after a strong August 29 Q2 earnings release and Dell’s announcement that it is teaming up with Google (GOOGL) to launch Chromebook Enterprise laptops on August 26. These devices will include a variety of Dell’s cloud-based support services that allow admins to have greater control over how these Chromebooks are rolled out inside businesses to meet IT needs. Enterprises can pick Dell’s 14-inch Latitude 5400 for $699 or the 13-inch Latitude 5300 2-in-1 for $819 which became available on August 27. Both can be configured with Intel’s 8th Gen Core i7 processors, up to 32GB of RAM and with to 1TB of SSD storage. The collaboration between these two tech giants comes as part of a larger effort to gain market share from Microsoft which has dominated the space.Not to mention Dell announced on August 26 that its new VMware (VMW) integration will support cloud-native applications so organizations can deploy, run and manage Kubernetes (an open-source system for automated deployment of containerized applications) for critical production workloads alongside traditional applications.Based on all of the above factors, Raymond James analyst Simon Leopold maintains that Dell is “a nice house in a tough neighborhood”, referring to the global slowdown for the PC market. As a result, he reiterated his Buy rating and raised the price target from $61 to $62, on August 30. The 4.5-star analyst believes shares could gain 20% over the next twelve months. With 6 Buy ratings vs 4 Holds received in the last three months, DELL has a ‘Moderate Buy’ analyst consensus. Its $62 average price target implies 20% upside potential. Find analysts’ favorite stocks with the Top Analysts’ Stocks tool
Amid concerns about the information-technology spending landscape, Dell Technologies Inc. delivered better-than-expected quarterly results showing that the company is managing the industry challenges.
Bulls wouldn't go down without a fight, but they weren't strong enough to keep the markets elevated heading into the long holiday weekend. Here are our top stock trades after a busy Friday. Top Stock Trades for Tomorrow 1: Campbell SoupCould the setup "be" any more perfect in Campbell Soup (NYSE:CPB) for earnings?InvestorPlace - Stock Market News, Stock Advice & Trading TipsOkay, so moving on from our very touching Friends tribute as it approaches its 25-year anniversary in a few weeks, the setup really was perfect in CPB.Shares were forming a tight ascending triangle, a bullish technical pattern where rising uptrend support squeezes the stock against a static level of resistance. That resistance was in play around $42.50. * 7 Stocks to Buy Down 10% in the Past Week CPB exploded over that level on Friday, racing up to $48 where it hit stiff, multi-year resistance.I would love to see the stock maintain above the 200-week moving average now and build on its recent momentum in the holiday-shortened trading week to start September. If it can, look to see if we get another run up to $48. On a retreat, see that $42.50 holds as support, as well as the 10-week moving average. Top Stock Trades for Tomorrow 2: AmbarellaAmbarella (NASDAQ:AMBA) is also putting together a strong rally on Friday, up almost 20% on the day. The move vaults shares over $50 resistance and the 200-day moving average at $48.80.Bulls now must see these two levels hold as support. Further, the stock now has room to rally up to $65, another 15% above current levels. Top Stock Trades for Tomorrow 3: Marvel TechnologyFirst it was up, then it was down, then Marvel Technology (NASDAQ:MRVL) was near flat going into Friday's close.The stock was rejected by the 20-day and 50-day moving averages, as well as downtrend resistance (blue line). Investors now need to see $23 hold as support. If it holds, a retest of resistance is in the cards.If it fails, the May lows at $21.25 may be on the table. Further, the 200-day is down at $21 and rising, while the 50% retracement is near $21 as well. Over $25 and MRVL can gain upside momentum. Top Stock Trades for Tomorrow 4: Dell TechnologiesDell Technologies (NYSE:DELL) is jumping almost 10% on the day, but is now ping-ponging between a few key levels.The good news: Dell stock is back over the 20-day moving average and the key $50 level. It's also out of that nasty downtrend channel (blue lines).The bad news: The 50-day moving average and the 61.8% retracement both rejected Dell stock, sending shares lower.Bulls now needs to maintain above $50 and the 20-day moving average. If they can, it will increase the odds of taking out Friday's high, and thus the 50-day moving average and 61.8% retracement. From there, it puts $58 back on the table.Bears need to crack $50 and the 20-day, putting $46 back on the table. Top Stock Trades for Tomorrow 5: Big LotsLike Dell, Big Lots (NYSE:BIG) is bouncing between a few key levels on the charts. Unlike Dell though, BIG is not ending the day on a high note. Shares are up more than 2% and above $22.50, but are well off session highs at $25.74.Shares were promptly rejected from the key $25.50 to $26 area, as well as the 50-day moving average.While up on the day, the action was not very encouraging. If it can maintain above the 20-day moving average and downtrend resistance (blue line), bulls still have a case to make. * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off However, I'd much rather wait to see BIG over the 50-day moving average, putting $26 back on the table. Below the 20-day and $20 is on the table.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off * 7 'Strong Buy' Stocks to Beat Volatility * 7 Mega-Cap Tech Stocks on a Rebound Now The post 5 Top Stock Trades for Tuesday: CPB, AMBA, MRVL, BIG appeared first on InvestorPlace.
Dell released its Q2 earnings on Thursday, posting revenues of $23.45 billion, up 1.4% YoY. Dell's revenues beat the consensus estimate by $183.98 million.
This most-searched list is a feature included in Benzinga Pro's Newsfeed tool. It highlights stocks frequently searched by Benzinga Pro users on the platform. Ulta Beauty Inc (NASDAQ: ULTA ) shares were ...
Dell Technologies Inc (NYSE: DELL) shares jumped Friday after the company reported better-than-expected second-quarter earnings and revenue numbers. Leopold said Dell’s 34% gross margin was well above Raymond James projection of 32% and was the single biggest reason for the earnings beat on Thursday. Despite channel checks suggesting that Dell has lowered prices on servers and other products, the analyst said input costs must have declined even further to boost overall margins.
Dell Technologies' (DELL) second-quarter fiscal 2020 results benefit from double-digit growth in commercial notebooks, desktops and workstations.
If there is a slowdown in the information-technology sector, Dell Technologies’ CEO, Michael Dell, didn’t get the word, an analyst at Evercore ISI wrote Thursday night. The company surprised Wall Street with strong results for the quarter that ended Aug. 2. Dell Technologies stock (ticker: DELL) has struggled so far in 2019.
For the first time in over a week, the market moved the same direction two days in a row. The S&P 500 made a 1.27% gain on Thursday, though that still leaves it below the key 50-day moving average line. The volume behind the advance wasn't exactly thrilling either.Source: Shutterstock Computer company Dell Technologies (NYSE:DELL) took the lead, gaining more than 3% during the regular-hours session in front of earnings, and then jumping more than 9% in after-hours action after reporting an earnings beat after the closing bell rang.Holding the market back more than any other name was Fastly (NYSE:FSLY). Although it rallied more than 2% after the closing bell rang, that move didn't even come close to offsetting the stock's 12.5% setback during the normal session … a move mostly prompted by profit-taking after an incredible runup since mid-August.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks to Buy for September As for names worth a look as trading prospects headed into the long weekend though, take a look at the stock charts of Mylan (NASDAQ:MYL), Home Depot (NYSE:HD) and Newell (NASDAQ:NWL). Here's what's most noteworthy, and how that may point to what lies ahead. Newell (NWL)Newell shares have been fighting a losing battle since the middle of 2017. And, technically speaking, it's still within the confines of a well-established downtrend.On the other hand, thanks to a slow turnaround effort that started to take shape just a few weeks ago, NWL stock is close to snapping its way out of the slump. Just know that Newell has been in this condition before, only to be up-ended before it took off. But, this time it is shaping up a little bit differently. * Click to EnlargeThe upper edge of the bearish trend is the convergence of the white 200-day moving average line, and the dashed blue line that connects all the key highs going back to the beginning of last year. * Underscoring the budding bullish effort thus far is the fact that the Chaikin line is now back above zero, suggesting there's a healthy amount of volume behind the current advance. * If the prospective breakout ends up taking shape, the most plausible upside target is the 38.2% Fibonacci retracement level of $28.85. A move to that mark still wouldn't be in a straight line though. Home Depot (HD)The past couple of weeks have been good ones for Home Depot, and things were particularly hot yesterday. Thursday's 2% pop carried shares above a near-term ceiling, to bring the two-week advance to 13%. The move, however, also stopped right at another, more established technical ceiling.That momentum is compelling to be sure, particularly given how it first took shape. But, the odds of there being any more upside left to dish out are pretty slim, given everything else evident on the chart. * 7 Mega-Cap Tech Stocks on a Rebound Now * Click to EnlargeThe rally appears to have been capped at the resistance level that aligns Thursday's high with the peaks made in September and January of last year. It's the upper of the two blue lines that frame the rising trading range marked on the weekly chart. * HD stock has also now punched through the upper boundary of a shorter-term trading range, marked by red dashed lines on both stock charts. This hints at a breakout, but the sheer scope of the advance thus far is unusually big. * Underscoring the above-average odds of a pullback from here is the fact that the weekly chart's RSI indicator is very near its overbought level. Mylan (MYL)Finally, Mylan has been routed since the beginning of 2018. In fact, it looked downright unsalvageable in May thanks to a hard-hitting selloff.In some ways though, that drubbing may have ultimately been the best thing for it. Although Mylan shares have yet to work their way back into a bullish mode -- and are still far from it -- the recent action suggests May's meltdown may have served as a capitulation. Better still, the proverbial lines in the sand are pretty clear. * Click to EnlargeThe pinnacle line in the sand is the falling resistance line that connects all the peaks going back to January of 2018, marked in red on the weekly chart. It's currently at $27, and falling fast. * Also note the gray 100-day moving average line is soon going to be tested as a technical ceiling. It has been a problem several times in the recent past, albeit not exactly. * It's small, but MYL stock has made a string of higher lows since May's low, plotted with a yellow line. It's the longest string of higher lows seen in well over year.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off * 7 'Strong Buy' Stocks to Beat Volatility * 7 Mega-Cap Tech Stocks on a Rebound Now The post 3 Big Stock Charts for Friday: Mylan, Newell and Home Depot appeared first on InvestorPlace.