投资者在权衡戴尔（DELL）和帕洛阿尔托网络（PANW）强劲业绩的同时，也紧张地关注收益率和油价。主要股指早盘持平，此前因中东再次发生冲突，原油价格一度飙升至每桶近$90美元，且10年期国债收益率收于两年高位，市场仍受此惊吓。
纽约联储主席约翰·威廉姆斯今日对CNBC表示，收益率上升反映了经济强劲，他认为通胀正缓慢回落。周五公布的8月非农就业报告若表现疲软，或能缓解利率担忧。分析师预计新增就业45,000人。ADP 8月私营部门就业人数为38,000人，低于47,000人的市场共识，但ADP数据通常与官方政府数据并不吻合。
主要股指周二因战争消息而下跌，该消息推动原油价格升至五周高点。展望后市，博通（AVGO）今晚公布的财报或将成为芯片行业的风向标，也可能对英伟达（NVDA）近期强劲业绩构成检验。若博通业绩与英伟达进展相呼应，或能进一步提振市场对AI需求增长的热情。
10年期美国国债收益率（TNX）报4.79%，无变动。
美元指数（$DXY）下跌0.13点，报99.55。
芝加哥期权交易所波动率指数®（VIX）今日下跌5.81%点，报15.39。
WTI原油（/CL）期货上涨$0.73美元，报每桶$90.95美元。
以太坊（ETH）下跌1.00%美元，报$2,401美元。
戴尔科技公司（DELL +$20.00美元至$445.00美元）股价今日上涨超过4%%，此前该公司因人工智能工作负载服务器需求激增，将年度销售预测上调$25亿美元。戴尔目前预计截至1月2027日的财年营收约为$192亿美元，其中包括来自人工智能服务器销售的$74亿美元，高于其5月份约$167亿美元的展望。该公司还预计财年每股收益为$25.50美元，远高于$19.10美元的平均预期，并报告在第二财季末人工智能服务器订单积压达$95亿美元。
戴尔还公布了强于预期的季度业绩，销售额跃升58%%至$47亿美元。剔除某些项目后的利润为每股$7.04美元，高于分析师平均预期的调整后每股收益$4.90美元，营收为$44.8亿美元。
DELL股价今日早盘一度触及$483.94美元的盘中高点，随后回吐了大部分涨幅。投资者可能也在权衡该股年初至今的表现，因为该股今年迄今已涨逾两倍。
DELL当前期权成交量达262,915份合约，为平均成交量的12倍，看涨期权与看跌期权之比为2:1。最活跃的合约有：
创下新52周高点的个股（今日共有91只创下新高）：GitLab公司（GTLB +$5.66美元至$50.75美元）、强生公司（JNJ +$3.53美元至$274.76美元）、Omnilab公司（OABI +$0.94美元至$5.38美元）、康菲石油公司（COP +$0.36美元至$136.55美元）
Cheniere Energy Co. (LNG + $1.96 至 $296.09) 的看涨期权交易活跃，成交量达 15,507 张，为平均成交量的 12 倍，看跌期权成交量的 45 倍。几乎所有交易量集中在 18 月 2026, 日到期的期权，其中以 300.00 和 320.00 行权价之间的大额看涨期权垂直价差交易为主。交易者通过多笔大宗交易买入 4,000 份此类 $20.00 点价差的牛市看涨价差，共涉及 8,000 张合约，平均价格为每份 $4.90，远高于 $4.23 的中点价。鉴于未平仓合约总量为 2,370 张，该交易活动似乎代表新的头寸，并显示出看涨意图。LNG 股价近期向上突破，过去两个月上涨近 25%%，目前交易价格略低于 52 周高点 $300.89。
Compass Diversified (CODI + $0.02 至 $11.44) 的看涨期权交易同样活跃，成交量达 8,268 张，为平均成交量的 223 倍。几乎所有交易量集中在 18 月 2026, 日到期的 13.00 行权价看涨期权，交易者通过三笔大宗交易卖出超过 7,515 张合约，价格介于 $0.85 至 $0.90 之间，接近或等于买价。鉴于未平仓合约量为 4,858 张，该交易活动似乎代表新的头寸或对现有看涨期权空头头寸的增持，显示出中性至看跌的意图。CODI 股价年初至今大幅上涨，涨幅超过 230%%，但在 8 月 52 日创下 $13.25 周高点 14 后近期有所回落。
Palo Alto Networks Inc. (PANW - $29.09 至 $333.00) 股价今日下跌超过 8%%，创下近七个月来最大单日跌幅，尽管这家网络安全公司公布的第四季度业绩好于预期。调整后每股收益为 $1.02，高于预期的 $0.98；营收为 $3.41 亿美元，也超出预期的 $3.35 亿美元。然而，毛利率从前一季度的 74.8%% 收窄至 75.8%%。
利润率压力以及指引显示下一代安全产品在财年 2027 的增长将放缓，似乎盖过了更强劲的盈利前景。Palo Alto 预计财年 2027 营收为 $11.08 亿至 $11.18 亿美元，调整后每股利润为 $4.16 至 $4.19 美元，高于华尔街平均预期的 $4.11 美元。投资者在股价大幅上涨后可能也在获利了结——截至昨晚财报公布前，PANW 股价年初至今上涨近 150%%。
分析师反应仍然积极。RBC Capital 将该股目标价从 $475 上调至 $434,；德意志银行将目标价从 $430 上调至 $350,；DA Davidson 将目标价从 $420 上调至 $345。
PANW 目前的期权交易量为 71,106 张，为平均日成交量的 4 倍，看涨和看跌期权基本持平。其中领先的交易、到期日和行权价如下：
创下 52 周新低的股票（今日 78 只创新低）：太平洋煤气电力 (PCG - $0.99 至 $13.07)、蔚来汽车 (NIO - $0.18 至 $3.88)、Amrize Ltd. (AMRZ - $0.14 至 $42.67)、小鹏汽车 (XPEV - $0.14 至 $11.03)。
金宝汤公司（CPB + $0.16 至 $23.87）的看跌期权交易活跃度上升，共交易 12,261 份看跌期权——是平均成交量的 15 倍，是看涨期权成交量的 8 倍。几乎所有活动都集中在 9 月 4 日（2026, 到期）的 22.50 行权价看跌期权上，已有超过 10,600 份合约成交。虽然交易呈双向性，但最大的大宗订单（包括一笔 2,552 份合约以 $0.30 价格买入）均出现在买方。鉴于未平仓合约为 5,419 份，该活动可能代表新的头寸或对现有长期头寸的增持，暗示看跌意图。金宝汤计划于 9 月 3 日开盘前公布财报，交易者可能正在为财报相关的波动性布局。CPB 股价今年迄今下跌约 14%，但自 5 月底创下 52 周低点 $19.56 以来已反弹近 20%。
安费诺公司（APH – $2.89 至 $160.28）的看跌期权交易异常活跃，共交易 8,148 份看跌期权——是平均成交量的 13 倍，是看涨期权成交量的 10 倍。几乎所有交易都集中在 10 月 16 日（2026, 到期）的 135.00 行权价看跌期权上，交易者以 $1.45 的价格单笔卖出 7,120 份合约，略低于中间价。鉴于未平仓合约为 3,970 份，该活动似乎代表新的头寸或对现有看跌空头头寸的增持，暗示中性至看涨意图。APH 股价近期有所回升，自公司于 7 月 29 日公布超预期财报以来上涨近 15%。
芝加哥期权交易所波动率指数（VIX – 0.95 至 15.39）今日下跌 5.81%，股市全线走高（DJI + 230,，SPX + 36,，COMPX + 113）。VIX 今日在较宽区间内波动（日内区间为 15.33 至 16.82）。目前成交量最高的合约是 10 月 21 日（2026, 到期）的 22.00 看涨期权（成交量为 50,962，未平仓合约为 44,034）。
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Mulling strong results from Dell (DELL) and Palo Alto Networks (PANW), investors also nervously monitor yields and oil. Major indexes flattened early, still rattled by a jump to almost $90 per barrel for crude and a two-year high close for the 10-year yield after additional Middle East skirmishes.
New York Fed President John Williams told CNBC today that higher yields reflect economic strength, and he sees the trend of inflation slowly moving lower. Friday's August nonfarm payrolls report might blunt rate worries if it's soft. Analysts expect 45,000 new jobs. ADP August private sector employment of 38,000 missed the 47,000 consensus, but ADP doesn't typically correlate with the official government result.
Major indexes dipped Tuesday on war news that sent crude to five-week highs. Looking ahead, Broadcom (AVGO) earnings this afternoon could be a barometer for the chip industry and a possible gut check on Nvidia's (NVDA) recent solid results. A follow-up that mirrors Nvidia's progress might reinforce enthusiasm about AI demand growth.
The 10-year U.S. Treasury yield (TNX) is unchanged at 4.79%.
The U.S. Dollar Index ($DXY) is lower by 0.13 to 99.55.
The CBOE Volatility Index® (VIX) is down 5.81% today to 15.39.
WTI Crude Oil (/CL) Futures are higher by $0.73 to $90.95/barrel.
Ethereum (ETH) is down by 1.00% to $2,401.
Shares of Dell Technologies Inc. (DELL + $20.00 to $445.00) are up more than 4% today after the company raised its annual sales forecast by $25 billion, citing surging demand for servers that support artificial intelligence workloads. Dell now expects revenue for the fiscal year ending in January 2027 to be about $192 billion, including $74 billion from AI server sales, up from its May outlook of roughly $167 billion. The company also projected fiscal-year earnings of $25.50 per share, well above the average estimate of $19.10, and reported an AI server backlog of $95 billion at the end of the fiscal second quarter.
Dell also posted stronger-than-expected quarterly results, with sales jumping 58% to $47 billion. Profit, excluding certain items, was $7.04 per share, topping analysts' average estimates for adjusted earnings of $4.90 per share on revenue of $44.8 billion.
Shares of DELL touched an intraday high of $483.94 earlier this morning before paring much of those gains. Investors may also be weighing the stock's year-to-date performance, as shares have more than tripled already this year.
Option trading in DELL currently stands at 262,915 contracts, 12x average volume, with calls outpacing puts 2:1. The most active contracts are:
New 52-week highs (91 new highs today): Gitlab Inc. (GTLB + $5.66 to $50.75), Johnson & Johnson (JNJ + $3.53 to $274.76), Omnilab Inc. (OABI + $0.94 to $5.38), Conocophillips (COP + $0.36 to $136.55)
Call activity is elevated in Cheniere Energy Co. (LNG + $1.96 to $296.09), with 15,507 calls traded—12x average volume and 45x put volume. Nearly all of the flow is concentrated in the September 18th, 2026, expiration, led by a large call vertical spread between the 300.00 and 320.00 strikes. Traders bought 4,000 of these $20.00-wide bull call spreads, representing 8,000 total contracts, through multiple block orders at an average price of $4.90 each, well above the midpoint of $4.23. Given collective open interest of 2,370 contracts, the activity appears to represent new positioning and suggests bullish intent. Shares of LNG have broken out to the upside recently, rallying nearly 25% over the past two months, and are trading just below their 52-week high of $300.89.
Call activity is also elevated in Compass Diversified (CODI + $0.02 to $11.44), with 8,268 calls traded—223x average volume. Nearly all of the flow is concentrated in the December 18th, 2026, 13.00 strike calls, where traders sold more than 7,515 contracts through three large blocks at prices ranging from $0.85 to $0.90 each, at or near the bid. With open interest of 4,858 contracts, the activity appears to represent either new positioning or additions to existing short-call positions, suggesting neutral-to-bearish intent. Shares of CODI have rallied sharply year-to-date, rising more than 230%, but have pulled back recently after setting a 52-week high of $13.25 on August 14th.
Shares of Palo Alto Networks Inc. (PANW - $29.09 to $333.00) are down more than 8% today, marking the stock's biggest drop in nearly seven months, despite the cybersecurity firm reporting better-than-expected fourth-quarter results. Adjusted EPS came in at $1.02, topping estimates of $0.98, while revenue of $3.41 billion also exceeded expectations for $3.35 billion. However, gross margin narrowed to 74.8% from 75.8% in the prior quarter.
The margin pressure, along with guidance pointing to slower fiscal 2027 growth in next-generation security products, appeared to overshadow the stronger profit outlook. Palo Alto expects fiscal 2027 revenue of $11.08 billion to $11.18 billion and adjusted profit of $4.16 to $4.19 per share, above Wall Street's average estimate of $4.11. Investors may also be taking some profits after a sharp rally, with PANW shares up nearly 150% year-to-date heading into last night's earnings report.
Analyst reaction remained constructive. RBC Capital raised its price target on the stock to $475 from $434, Deutsche Bank increased its target to $430 from $350, and DA Davidson lifted its target to $420 from $345.
Option trading in PANW currently stands at 71,106 contracts, 4x the average daily volume with calls and puts basically even. Leading the way are the following trades, expirations, and strikes:
New 52-week lows (78 new lows today): Pacific Gas & Electric (PCG - $0.99 to $13.07), Nio Inc. (NIO - $0.18 to $3.88), Amrize Ltd. (AMRZ - $0.14 to $42.67), Xpeng Inc. (XPEV - $0.14 to $11.03)
Put activity is elevated in The Campbell's Co. (CPB + $0.16 to $23.87), with 12,261 puts traded—15x average volume and 8x call volume. Nearly all of the activity is tied to the September 4th, 2026, expiration, where more than 10,600 contracts have traded in the 22.50 strike puts. While trading has been two-sided, the largest block orders, including a 2,552-contract purchase at $0.30, have been on the buy side. With open interest of 5,419 contracts, the activity likely represents either new positioning or additions to existing long positions, suggesting bearish intent. Campbell's is scheduled to report earnings before the open on September 3rd, so traders may be positioning for earnings-related volatility. Shares of CPB are down roughly 14% year-to-date but have rallied nearly 20% since posting a 52-week low of $19.56 in late May.
Put activity is unusually elevated in Amphenol Corp. (APH - $2.89 to $160.28), with 8,148 puts traded—13x average volume and 10x call volume. Nearly all of the flow is concentrated in the October 16th, 2026, 135.00 strike puts, where traders sold 7,120 contracts in a single block at $1.45, slightly below the midpoint. With open interest of 3,970 contracts, the activity appears to represent either new positioning or additions to existing short-put positions, suggesting neutral-to-bullish intent. Shares of APH have rallied recently, rising nearly 15% since the company reported better-than-expected earnings on July 29th.
The Cboe Volatility Index (VIX - 0.95 to 15.39) is down 5.81% today, as equity markets are higher across the board (DJI + 230, SPX + 36, COMPX + 113). VIX movement has occurred within a wider range today (the intraday range is 15.33 to 16.82). The highest volume contract is currently the October 21st, 2026, 22.00 call (volume is 50,962 vs. open interest of 44,034).
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