Dell Technologies, Inc.

Dell Technologies, Inc. (DELL) is one of the biggest technology companies in the world. We added it to the Growth Investor Buy List last month to profit from the data center boom. Dell Technologies supplies key infrastructure to ensure that GPUs are packaged correctly to keep data centers running smoothly.

The company’s PowerEdge rack servers can be equipped with NVIDIA Corporation (NVDA) GPUs to handle AI training models. Dell also offers storage platforms, including PowerStore, PowerMax and PowerScale, for everything from everyday storage to demanding AI workloads.

And to better connect servers and storage in a data center, Dell Technologies offers networking solutions. Its PowerSwitch portfolio ensures that data is transferred properly from the servers that create and process data to the storage systems that will hold the data.

Based on the company’s latest results, Dell Technologies has experienced persistent demand for its data center solutions. The company’s backlog stands at an impressive $95 billion, and it received orders totaling $60.9 billion for AI servers in the latest quarter.

For its second quarter in fiscal year 2027, revenue jumped 58% year-over-year to a record $47.0 billion, and adjusted earnings surged 203% year-over-year to $7.04 per share. The consensus estimate called for revenue of $4.45 billion and adjusted earnings of $4.92 per share.

Following the better-than-expected quarterly results, analysts have upped third-quarter earnings estimates by 49.4% in the past month alone. Third-quarter earnings are now forecast to increase 153.3% year-over-year to $6.56 per share. As you know, positive analyst revisions typically precede future earnings surprises. DELL is an Aggressive buy below $739.

SOM Technicals:

10-2-26: Closed at 562.52. Trade pressures are up. Volumes are bullish. The next target up is 575.40. A close below 536 would signal lower.

1-9-26: Closed at 585.77. Trade pressures are up. Volumes are buiilish. The next target up is 616.33. A close below 564.15 would signal lower.

 

Marathon Petroleum Corporation

As we discussed earlier, there’s a global shortage of refined products, especially diesel, and that’s pushing prices higher. With diesel prices at record highs and crude oil around $100 per barrel, refining margins have surged – and refiners are making money hand over fist.

Marathon Petroleum Corporation (MPC) is one of them. The company operates 13 refineries that can process about three million barrels of crude oil per day. In the second quarter, Marathon Petroleum refined 2.9 million barrels of crude oil per day, or about 88 million barrels in the quarter. Its refining margin rose to $36.33 per barrel.

As a result, Marathon Petroleum’s earnings surged 325% year-over-year to $5.1 billion, or $17.73 per share, and revenue jumped 53.5% year-over-year to $52.34 billion. The analyst community only expected earnings of $13.95 per share and revenue of $41.44 billion.

With the diesel shortage expected to continue into 2027 and refining margins to remain elevated, Marathon Petroleum should continue to achieve blowout quarterly results.

For the third quarter, earnings are forecast to soar 638.5% year-over-year to $22.23 per share. Analysts have also increased earnings estimates by an incredible 136.2% in the past three months, which bodes well for a fourth-straight quarterly earnings surprise. MPC is a Conservative buy below $428.

SOM Technicals:

2-24-23: Closed at 193.74. Trade pressures are down into the neutral zone. Volumes are now neutral. the next target down is 188.91.

3-4-23: Closed at 196.50. Trade pressures are up. Volumes are now bullish. The next target up is 201.39.

3-11-23: Closed at 195.71. Trade pressures are down. Volumes are bullish. The next target down is the 188.91 short entry.

3-17-23: Closed at 206.88. Trade pressures are up. Volumes are bullish. The next target up is the 209.50 prior high.

3-24-23: Closed at 204.48. Trade pressures are down. Volumes are  bullish. The next target down is 195.45.

3-31-23: Closed at 210.09. Trade pressures are up. Volumes are bullish. The next target up is 211.45.

4-14-23: Closed at 214.55. Trade pressures are up but declining. Volumes are bullish. At resistance. The next target down is 203.62 with a stop at 217.67.

4-22-23: Closed at 213.00. Trade pressures are down. Volumes are bullish. The next target down is 203.62.

8-29-26: Closed at 362.12. Trade pressures are up. Volumes are bullish. The next target up is 387.09. A close below 357.73 would signal lower.

9-5-26: Closed at 390.99. Trade pressures are up but turning down. The next target up is 398.52. A close below 376.59 would signal lower.

9-13-26: Closed at 396.06. Trade pressures are up but declining. Volumes are bearish. The next target up is 409.12. A close below 386.52 would signal lower.

9-18-26: Closed at 425.30. Trade pressures are up. Volumes are bullish. The next target up is 438.15. A close below 382.60 would signal lower.

9-26-26: Closed at 393.79. Trade pressures are down but rising. Volumes are bearish. The next target down is 375.78. A close above 406.83 would signal higher.

10-2-26: Closed at 422.33. Trade pressures are up. Volumes are bullish. The next target up is 443.29. A close below 402.90 would signal lower.

10-9-26: Closed at 455.03. Trade pressures are up. Volumes are bearish. The next target down is 437.69. A close above 468.33 would signal higher.

 

Phillips 66

Phillips 66 (PSX), like Marathon Petroleum, is benefiting from the global diesel shortage, higher product prices and strong refining margins.

Phillips 66 is a bit smaller than Marathon Petroleum. The company operates 12 refineries in the U.S. that can process nearly two million barrels of crude oil per day. Its refining margin stood at $24.08 per barrel in the second quarter.

This year, though, Phillips 66 is expanding its refining business. The company recently acquired the remaining 50% stake in WRB Refining LP, which gave it full ownership of the Wood River refinery in Illinois and the Borger refinery in Texas. It also plans to buy Lindsey Oil Refinery in England to expand in the U.K.

I should add that refining isn’t Phillips 66’s only business. The company also operates pipelines and terminals, has a chemicals business, owns 7,450 retail locations and operates commercial transportation and a renewable fuels focus.

Thanks to strong demand in each of its businesses, Phillips 66 continues to add to its top and bottom lines. Third-quarter earnings are currently forecast to increase 321.8% year-over-year to $10.63 per share. Earnings estimates have also been revised 71% higher in the past three months, so a quarterly earnings surprise is likely. PSX is a Conservative buy below $276.

SOM Technicals:

8-29-26: Closed at 244.01. Trade pressures are down into the nmeutral zone but rising. Volumes are neutral. The next taeget up is 249.97.

9-5-26: Closed at 255.09. Trade pressures are up but turning over. Volumes are bullish. The next target up is 260.57. A close below 247.08 would signal lower.

9-13-26: Closed at 259.96. Trade pressures are up but turning down. Volumes are bearish. The next target up is 265.43. A close below 255.54 would signal lower.

9-18-26: Closed at 273.55. Trade pressures are up. volumes are bullish. The next target up is 277.12. A close below 262.74. would signal lower.

9-26-26: Closed at 255.75. Trade pressures are down, but turning up. Volumes are bearish. The next target down is 238.46. A close above 263.45 would signal higher.

10-2-26: Closed at 264.58. Trade pressures are up. Volumes are bullish. The next target up is 267.71. A close below 255.86 would signal lower.

10-9-26: Closed at 278.18. Trade pressures are up. Volumes are bearish. The next taret down is 268.89. A closae above 285.23 wuld signal higher.

 

Plains GP Holdings, L.P.

Plains GP Holdings, L.P. (PAGP) is the first of our dividend stocks to make the Top Stocks list since we merged our two Buy Lists. And the reason is simple: The company is benefiting from higher energy prices and persistent demand.

You may recall that Plains GP Holdings is a holding company for Plains All American Pipeline (PAA), which operates pipelines, gathering systems and storage terminals for crude oil and natural gas in North America. PAA has more than 20,000 miles of pipeline and gathering systems and can store about 76 million barrels.

Essentially, Plains GP Holdings gives us indirect ownership in PAA – and the ability to profit from a midstream energy company that’s thriving amidst higher energy prices and persistent demand.

In the second quarter, Plains GP Holdings reported that earnings rose 12% year-over-year to $348 million, or $0.41 per share. Revenue came in at $17.69 billion.

The strength of its business also ensures that Plain GP Holdings continues to reward its shareholders. The company has paid a dividend for 50 straight quarters. Most recently, Plains GP Holdings paid a dividend of $0.4175 on August 14. The stock has a 6.1% dividend yield. PAGP is a Conservative buy below $25.

 

SanDisk Corporation

The AI data center boom has been a boon for SanDisk Corporation (SNDK).

The company is primarily focused on NAND/flash memory. You may recall that NAND-based solid-state drives (SSDs) are faster than traditional hard drives and can store more data in a smaller space. That makes them vital to data centers.

So, it’s not too surprising that SanDisk’s revenue from data centers surged 1,500% from $325 million in fiscal year 2024 to $5.2 billion in fiscal year 2026. The company’s total revenue in fiscal year 2026 was also impressive, soaring 175% year-over-year to $20.2 billion.

Looking ahead, SanDisk and the analyst community remain optimistic.

For its first quarter in fiscal year 2027, SanDisk expects total revenue between $10.3 billion and $10.8 billion, or 345.9% to 367.5% year-over-year revenue growth. Adjusted earnings per share are forecast to be between $44 and $46, or 3,506.6% to 3,670% year-over-year earnings growth.

Analysts have also raised earnings estimates by 10% in the past three months, so a fifth-straight quarterly earnings surprise is likely. SNDK is an Aggressive buy below $2,684.

SOM Technicals:

8-29-26: Closed at 1483.42. Trade pressures are down. Volume are bearish. The next target down is 1416.99. A close above 1528.05 would signal higher.

9-5-26: Closed at 1734.01. Trade pressures are up. Volumes are bullish. The next target up is 1831.46. A close below 1548.96 would signal lower.

9-13-26: Closed at 1631.99. Trade pressures are down. Volumes are neutral. The next target down is 1553.12. A close above 1723.02 would signal higher.

9-18-26: Closed at 1798.00. Trade pressures are up. Volumes are bullish. The next target up is 1827.99. A close below 1469.28 would signal lower.

9-26-26: Closed at 1777.80. Trade pressures are down.  Volumes are bullish. the next target down is 1703.78. A close above 1852.19 would signal higher.

10-2-26: Closed at 1717.66. Trade pressures are down into the neutral zone. Volumes are neutral. The next target down is 1570. A close above 1809 would signal higher.

10-9-26: Closed at 1579.00. Trade pressures are down. Volumes are bearish. The next target down is 1231.38. A close above 1680.36 would signal higher.