Source: Zhitong Finance "Since 1950, the S&P 500 index has risen more than 10% 21 times as of the end of May. In about 90% of these cases, the S&P 500 index rose for the rest of the year. There were only two instances of declines for the rest of the year, in 1987 (-13%) and 1986 (-0.1%)." With the rebound of the stock market, the old adage "Sell in May and Go Away" seems to have been a bad advice once again. Last month, the S&P 500 index rose 4.8%, the best May performance since 2009. The NASDAQ 100 index rose nearly 6.2%, and the NASDAQ Composite Index rose 6.9%. Goldman Sachs FICC & Equities Trading Division said: "History doesn't really support this saying. Don't sell, leave the market (go on vacation), and enjoy the good times." The rising trend is still to be continued? If history is any guide, it may indicate that the rise of the stock market is not over yet. Looking ahead to the rest of 2024, Scott Rubner, Managing Director of the Goldman Sachs Global Markets Division and tactical expert, pointed out the following historical background for investors. Rubner stated that the S&P 500 index has risen 10.7% year-to-date, and since 1950, the S&P 500 index has risen more than 10% 21 times as of the end of May. In about 90% of these cases, the S&P 500 index rose for the rest of the year. There were only two instances of declines for the rest of the year, in 1987 (-13%) and 1986 (-0.1%). "Since 1950, the median return of the last 7 months of each year (June 1 to December 31) is 5.4%. In the aforementioned 21 cases, the average performance of the last 7 months increased to 8.1%." Rubner added. Rubner also pointed out that the NASDAQ index has risen for 16 consecutive Julys, with an average return of about 4.64%.

$Dell Technologies (DELL.US)$And.$HP Inc (HPQ.US)$Post-market trading on Tuesday revealed the latest quarterly financial reports for the US stock market, indicating that the long-awaited recovery of the personal computer market is stagnating. Dell's third-quarter personal computer business revenue fell by 1% to $12.1 billion, below expectations. Although hp inc's personal computer department saw sales growth of 2% to $9.59 billion in the latest quarter, it also failed to meet analyst average expectations. After the report was released, the stock prices of both companies fell in post-market trading.

Dell Chief Financial Officer Yvonne McGill said in a conference call with analysts on Tuesday after the earnings announcement: "The PC refresh cycle will be pushed into next year." Hp inc Chief Executive Officer Enrique Lores said in an interview that,$Microsoft (MSFT.US)$The newly released version of the Windows operating system did not accelerate enterprise customer personal computer sales as quickly as previous versions.

In the first few months of the pandemic, students and corporate employees were stuck at home, and the demand for new laptops skyrocketed, while in recent years the market has seen a historic decline. IDC industry analysts stated in October that, although there are signs of a rebound starting this year, shipments fell again in the third quarter.

PC manufacturers had hoped that the new machines touted as more suitable for ai workloads would stimulate demand. However, Gartner Inc. analyst Mikako Kitagawa stated in a report last month, "Buyers have not yet seen clear benefits or business value."

On Tuesday, Dell closed at $141.74, plummeting over 11% in post-market trading as of press time. By the Tuesday's closing, the stock has already accumulated an 85% increase this year.

HP Inc. stock closed at $39.10, dropping over 7% in post-market trading. HP Inc. stock has risen 30% this year.

Dell is best known for its computer business, but this company headquartered in Round Rock, Texas, has reignited investor interest with its high-performance servers for artificial intelligence workloads. Earlier this month, Dell announced the delivery of servers powered by the new Blackwell chip to cloud infrastructure provider CoreWeave.$NVIDIA (NVDA.US)$Dell announced the delivery of servers powered by the new Blackwell chip to cloud infrastructure provider CoreWeave earlier this month.

Dell stated in a statement that in the third quarter, sales in the infrastructure sector, including servers, grew by 34% to $11.4 billion, slightly above analysts' expectations of $11.3 billion. Data collected by Bloomberg shows that the company's total revenue grew by 10% to $24.4 billion, below the average analyst expectation of $24.6 billion.

Company executives indicated that the shipment of ai-optimized servers in the quarter was $2.9 billion, a decline from the $3.1 billion reported in the previous quarter.

Dell's chief operating officer Jeff Clarke stated in the announcement: "Ai is a strong opportunity for us, with no signs of slowing down." He claimed that orders for ai servers in the quarter reached $3.6 billion, with "all types of customers" growing.

For the next fiscal quarter ending in February of next year, Dell expects revenue of approximately $24.5 billion, below the average analyst expectation of $25.4 billion. Adjusted eps is expected to be between $2.40 and $2.60, while the market average expectation is $2.66.

HP Inc. released its fourth-quarter report on the same day, and the performance guidance provided by the company was similarly unimpressive. The company, based in Palo Alto, California, indicated that for the next fiscal quarter ending in January of next year, the eps excluding certain items would be between $0.70 and $0.76, while analysts expected an average eps of $0.86.

Bloomberg Intelligence analyst Woo Jin Ho stated in a report following the earnings release, "Weaker-than-expected personal systems sales and profits were the biggest drag on HP's fourth-quarter performance, and its lower-than-expected first-quarter eps guidance suggests that personal computer demand has barely improved in the typically strong quarter."

Editor / jayden