Amphenol and Dell Stock Analysis After Recent Market Gains

Amphenol (APH) and Dell Technologies (DELL) have emerged as two of the most significant winners on Josh Brown’s "Best Stocks in the Market" list, prompting a formal update to risk management strategies for both positions [2]. As these stocks trade at levels far above their original entry points, the focus has shifted from initial acquisition to managing current price action against evolving technical support levels [2].

Technical positioning and risk management

Amphenol has experienced a period of consolidation following a summer peak of $175, with the stock recently testing its 50-day moving average at $161 [2]. The company, which reported record quarterly sales of $8.8 billion in July, is preparing for a 2-for-1 stock split effective September 2, which will necessitate a recalibration of all technical price targets [2]. Brown notes that the stock’s Relative Strength Index (RSI) has reset to a neutral 47, suggesting the recent pullback is a healthy cooling-off period rather than a structural breakdown [2]. Investors are currently anchored to the 200-day moving average at $145 as a long-term trend indicator [2].

Dell Technologies has seen a more dramatic ascent, returning 248% since its initial inclusion on the list in September 2025 [2]. The stock is currently trading near $460, digesting gains within a $400 to $500 range following a surge earlier this year [2]. While the company’s AI-optimized server revenue grew 757% to $16.1 billion in the first quarter of fiscal year 2027, management has highlighted memory supply constraints as a primary factor impacting gross margins [2]. The stock’s 50-day moving average currently sits at $433, serving as a critical threshold for traders monitoring the stock's momentum [2].

What to watch

• Post-Split Trading: Monitor Amphenol’s price action following the September 2 distribution of new shares, as technical levels will be halved [2].
• Dell Earnings Reaction: Dell is scheduled to report Q2 earnings after the market close on September 1; volatility around this event may render current support levels at $433 and $400 immediately obsolete [2].
• Moving Average Support: Watch for weekly closes below the 50-day moving averages for both companies, which would signal a shift in control toward sellers [2].

The evolution of these positions highlights the difficulty of managing high-growth assets that have significantly outperformed broader indices like the S&P 500 [2]. Whether these stocks maintain their current trajectories depends on their ability to hold established technical floors while navigating the supply chain and margin pressures inherent in the ongoing AI infrastructure build-out [2].