Closing Bell: Dell & HP Rally, Oracle Jumps, Goldman Slides on Earnings Disappointment

Today's biggest winners and losers in the stock market. On this episode of Stock Movers:  Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Katie Greifeld, Isabelle Lee, Carol Massar and Bailey Lipschultz. - Shares of Dell (DELL) and HP (HP) jumped after a report from website SemiAccurate that Nvidia Corp. was seeking an acquisition that would “reshape the PC landscape.”The website said Nvidia has been negotiating for more than a year to buy “a large company.” Dell and HP are among the top PC vendors in the world. HP, based in Palo Alto, California, has 19% of the global market in the first quarter, trailing just Lenovo Group Ltd., which had a share of almost 27%, according to Gartner Inc., an industry research firm. Dell, based in Round Rock, Texas, had about 17% market share, the firm said. - Oracle (ORCL) rallied for its best day since September after it made several announcements aimed at helping utilities cut costs with its Utilities Industry Suite.  - Goldman Sachs (GS) saw its shares fall in trading on Monday after it released its quarterly earnings. The bank announced a surprise drop in bond- and rates-trading revenue that cast a shadow over another record quarter from the bank’s equities team, prompting Chief Executive Officer David Solomon to point the finger at analysts for setting the bar so high. “A lot of this has to do with expectations that are set in the research community,” Solomon said Monday on a conference call with analysts. “It was the 10th-best FICC quarter ever.” Goldman’s results offer one of the first glimpses into how Wall Street fared in a volatile period. Its equities traders rode the wave to a banner quarter, beating their own previous all-time quarterly high by more than $1 billion. But its fixed-income, currency and commodities business posted revenue of $4.01 billion, down 10% from a year earlier and more than $800 million below the consensus of analyst estimates, according to a statement.See omnystudio.com/listener for privacy information.