Diamonds and Dogs
Dell (DELL) exploring options to increase shareholder value. Dell is up 7% on news they are considering spinning off its 81% stake worth $50 billion in software firm, VMware. Other options include buying the remainder of VMware that Dell doesn't already own. VMWare is trading up 2% as well. About the only two tech stocks higher today.
Winnebago (WGO) beats earnings estimates. The mobile home maker is down 7% even though the company beat estimates as sales fell 23.9% year over year to $402.5 million, but easily beat expectations of $335.93 million. Winnebago is optimistic that strong May sales will continue through the summer. Today's announcement from New York, New Jersey, and Connecticut implementing a joint travel advisory quarantine for 14 days for travelers from areas with increased community spread may hurt or actually help sales.
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