It is a familiar pattern by now: President Donald Trump names a stock, and investors who pay attention get paid. This time it was Dell Technologies Inc. (NYSE:DELL).  

DELL stock is soaring. See the chart and price action here.

The Dell Trade

On May 8th, the president told the public to go out and "buy a Dell."  What followed over the next 19 days was a sequence that has become something of a White House signature.

On Wednesday, Dell Federal Systems landed a $9.69 billion, five-year Pentagon contract to consolidate Microsoft Corp. (NASDAQ:MSFT) software licensing across the U.S. military, intelligence community, and Coast Guard, a deal projected to save taxpayers $422 million annually. 

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Then Thursday evening, Dell reported one of the most dramatic earnings beats in recent memory.

Revenue came in at $43.84 billion, up 88% year-over-year, beating the $35.74 billion consensus by more than $8 billion.

Earnings hit ...