Core Insights - The Q3 earnings season for S&P 500 companies is showing positive results, with 95% of companies having reported by November 21, and an expected 13.4% increase in earnings per share, marking the fourth consecutive quarter of double-digit growth [2] Group 1: Earnings Performance - Analysts had initially expected a 7.9% increase in earnings per share for Q3 as of September 30, indicating a significant upward revision in expectations [3] - If the anticipated 13.4% growth holds, it represents an acceleration from the 12% growth rate reported in Q2 of this year [2] Group 2: Upcoming Reports - Recent retail earnings reports from Walmart, Home Depot, Lowe's, and Target will be followed by upcoming reports from Abercrombie & Fitch, Dick's Sporting Goods, and Burlington Stores, which will provide insights into consumer sentiment and purchasing behavior [4] - Additional earnings reports from tech and other sectors are expected from companies such as Zoom, Dell, Workday, HP Inc., Deere, and Pony AI [5]

Market Overview - The U.S. stock market experienced a significant rebound on November 21, 2025, with major indexes closing higher, recovering from earlier losses driven by optimism regarding potential interest rate cuts by the Federal Reserve [1][4] - The Dow Jones Industrial Average (DJI) rose 1.4%, adding 650 points, while the S&P 500 (SPX) gained 1.4%, closing at 6,590 points, and the Nasdaq Composite (IXIC) increased by 1.5% [2] Federal Reserve Influence - New York Federal Reserve President John Williams indicated support for a potential interest rate cut "in the near term," which shifted market expectations significantly, raising the likelihood of a rate cut at the December meeting to 73.1% from 39.1% [4] Corporate Performance - Nvidia (NVDA) reported a 62% year-over-year revenue increase to $57 billion, but its shares fell 3.2% on Thursday and 1.7% on Friday due to concerns over AI valuations [5] - Walmart (WMT) saw its stock decline by approximately 2% on Friday after a strong performance on Thursday, where it had jumped 6.5% following better-than-expected third-quarter results [6] - Retailers like Gap (GPS) and Ross Stores (ROST) had positive performances, with Gap surging 9.5% and Ross jumping 8.5% due to strong earnings [7] Notable Stock Movements - Alphabet (GOOGL) increased by over 3%, while Meta Platforms (META) added 1%. In contrast, Microsoft (MSFT) shares fell approximately 1%, and Oracle (ORCL) slid more than 4% [8] Upcoming Earnings and Economic Data - Several companies, including BJ's Wholesale Club Holdings (BJ) and IES Holdings (IESC), reported earnings after the market closed, with BJ's EPS at $1.16 against a forecast of $1.10 [9][10] - The upcoming week will feature key economic data releases, including the Producer Price Index (PPI) and Retail Sales for September, which were delayed due to a government shutdown [12]

Key TakeawaysJPMorgan and Standard Chartered have revised their forecasts, no longer expecting the Federal Reserve to implement a 25 basis point rate cut in December, signaling a shift in monetary policy expectations.BofA Global Research has reduced its price target for HP Inc. (HPQ) shares to $26 from $29, reflecting potential concerns in the technology sector.European equity markets are broadly in the red, with the AEX underperforming as technology stocks continue to react to NVIDIA's (NVDA) losses from T ...

Core Insights - Best Buy Canada has launched its Black Friday sale, offering discounts of up to 80% on various products [2][3] Product Discounts - Significant savings include $250 off the Apple iPhone 16 Pro Max 256GB, now priced at $1,199 [3] - A $430 discount on the Roku Select Series 75" 4K UHD HDR QLED Smart TV, bringing the price down to $1,069 [3] - Discounts on laptops include $300 off the HP 15.6" Laptop, now $699 [3] - The PlayStation 5 Slim Digital Edition is available with a $130 discount, priced at $469 [3] - Apple iPad A16 11" 128GB is discounted by $100, now $599 [3] - The Garmin fēnix 7 Pro Sapphire Solar smartwatch sees a $620 reduction, now $779 [3] - Samsung Galaxy S25 FE 128GB is available with a $170 discount, priced at $629 [3] - Sony WH-1000XM4 headphones are discounted by $152, now $298 [3] - Dyson V8 Origin Cordless Vacuum is available with a $150 discount, now $349 [3] - The Philips 800 Automatic Espresso Machine is discounted by $550, now $1,199 [3] - Lenovo IdeaPad Slim 3 15.6" Touchscreen Laptop sees a $250 discount, now $699 [3] - Samsung 65" S84F Series 4K UHD HDR OLED TV is available with a $700 discount, now $2,299 [3] - Razer BlackWidow V3 Gaming Keyboard is discounted by $50, now $149 [3] - Beats By Dr. Dre Studio Pro headphones are available with a $180 discount, now $319 [3] - Google Pixel 9a 128GB is discounted by $180, now $419 [3] - Sony BRAVIA Theatre System is available with a $400 discount, now $599 [3] - Heritage Infrared Steam Air Fryer sees an 80% discount, now $49 [3] - Starlink Mini Kit is available with a $300 discount, now $199 [3] - Dyson Airwrap i.d. Multi-Styler is discounted by $200, now $499 [3] - Bosch 100 Series Built-In Dishwasher sees a $550 discount, now $1,199 [3] - MotionGrey Ergo2 Adjustable Electric Standing Desk is available with a $170 discount, now $329 [3]

Core Insights - HP is expected to report quarterly earnings of $0.92 per share, reflecting a decline of 1.1% year-over-year, while revenues are forecasted to reach $15.02 billion, indicating a 6.9% increase compared to the previous year [1] - The consensus EPS estimate has been revised downward by 1.3% in the last 30 days, showing a reassessment by analysts [1][2] Revenue Projections - Analysts project 'Net revenue- Personal Systems- Commercial PS' to be $7.34 billion, a year-over-year increase of 12.5% [4] - The estimated 'Net revenue- Personal Systems- Consumer PS' is $3.38 billion, reflecting a 10.1% increase year-over-year [4] - Total 'Net revenue- Personal Systems' is expected to reach $10.72 billion, indicating an 11.8% increase from the prior year [4] - 'Net revenue- Printing- Supplies' is projected at $2.81 billion, showing a decline of 2% year-over-year [5] - 'Net revenue- Printing- Commercial Printing' is estimated at $1.18 billion, reflecting a 6.1% decrease [5] - 'Net revenue- Printing- Consumer Printing' is forecasted at $302.61 million, indicating a 6.9% decline [6] - Overall 'Net revenue- Printing' is expected to be $4.29 billion, a decrease of 3.5% from the previous year [6] Operational Metrics - 'Days in accounts payable' is estimated to be 137 days, slightly down from 138 days in the previous year [6] - 'Days of sales outstanding in accounts receivable' is projected at 32 days, compared to 33 days reported last year [7] - 'Days of supply in inventory' is expected to reach 67 days, up from 63 days in the same quarter last year [7] Earnings from Operations - 'Earnings from operations- Personal Systems' is projected at $632.41 million, an increase from $550.00 million reported last year [8] - 'Earnings from operations- Printing' is expected to be $798.79 million, down from $874.00 million in the previous year [8] Stock Performance - Over the past month, HP shares have declined by 18.8%, contrasting with a -0.3% change in the Zacks S&P 500 composite [8]

Morgan Stanley cut the price target on HP Inc.'s (HPQ) stock to $21 from $24 while previewing the upcoming earnings of enterprise hardware original equipment manufacturers. HP is slated to report its fiscal fourth quarter results on Nov. 25, while Pure Storage ( ...

HP (HPQ) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended October 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on November 25, might help the stock move higher if these key numbers are better than expectations. O ...

Core Insights - During market turbulence, investors often seek dividend-yielding stocks, which typically have high free cash flows and offer substantial dividends [1] Company Ratings - **HP Inc (NYSE:HPQ)**: - Dividend Yield: 5.06% - Morgan Stanley analyst Erik Woodring downgraded the stock from Overweight to Equal-Weight, reducing the price target from $26 to $24 [7] - Citigroup analyst Asiya Merchant maintained a Neutral rating, cutting the price target from $29 to $27 [7] - Upcoming earnings announcement on Nov. 25, 2025 [7] - **Skyworks Solutions Inc (NASDAQ:SWKS)**: - Dividend Yield: 4.50% - Mizuho analyst Vijay Rakesh upgraded the stock from Underperform to Neutral, raising the price target from $65 to $73 [7] - UBS analyst Timothy Arcuri maintained a Neutral rating, lowering the price target from $85 to $80 [7] - Reported better-than-expected fourth-quarter earnings on Nov. 4, 2025 [7] - **AudioCodes Ltd (NASDAQ:AUDC)**: - Dividend Yield: 4.16% - Barclays analyst Ryan Macwilliams maintained an Underweight rating, increasing the price target from $9 to $10 [7] - Needham analyst Ryan Koontz maintained a Buy rating, raising the price target from $11 to $12.5 [7] - Posted upbeat third-quarter earnings on Nov. 4, 2025 [7]

Core Viewpoint - The semiconductor memory market is experiencing a "super cycle" with significant price increases, impacting the profitability of OEMs and ODMs, particularly in the hardware sector [3][6]. Group 1: Market Dynamics - Memory prices for NAND and DRAM have surged by 50% to 300% over the past six months, with expectations of continued quarterly increases in 2026 [3]. - The demand from hyperscale cloud service providers and a shift towards high-bandwidth memory are key drivers of this price surge [3]. Group 2: Company Ratings and Forecasts - Morgan Stanley downgraded Dell Technologies from "Overweight" to "Underweight," reducing its target price from $144 to $110, with Dell's stock falling over 7% [3][5]. - The forecast for Dell's gross margin for FY27 has been lowered to 18.2%, a decrease of 220 basis points from previous estimates [5]. - Hewlett Packard's rating was downgraded from "Hold" to "Underweight," with a target price cut from $26 to $24, while Hewlett Packard Enterprise was downgraded to "Hold" with a target price of $25 [5]. Group 3: Resilience Among Companies - Apple and Pure Storage are viewed as more resilient to memory price fluctuations due to their differentiated business models and higher software revenue proportions [6]. - Morgan Stanley maintains an "Overweight" rating for Apple, the only U.S. tech hardware company to receive this rating, and raised Pure Storage's target price from $72 to $90 [5][6].

Company Performance - HP's stock price decreased by 6.77% to $22.87, underperforming the S&P 500's daily loss of 0.92% [1] - Over the past month, HP's stock has fallen by 10.38%, while the Computer and Technology sector gained 1.64% and the S&P 500 gained 1.48% [1] Upcoming Earnings - HP is set to release its earnings report on November 25, 2025, with projected EPS of $0.92, indicating a 1.08% decline from the same quarter last year [2] - The consensus estimate for quarterly revenue is $14.79 billion, reflecting a 5.23% increase from the previous year [2] Full Year Projections - For the full year, earnings are projected at $3.11 per share, showing a decrease of 7.99%, while revenue is expected to remain flat at $55.2 billion [3] - Recent revisions to analyst forecasts for HP are important as they indicate the evolving short-term business trends [3] Valuation Metrics - HP has a Forward P/E ratio of 7.4, which is lower than the industry average Forward P/E of 12.58, indicating a valuation discount [5] - The company has a PEG ratio of 1.85, compared to the industry average PEG ratio of 1.34 [6] Industry Context - The Computer - Micro Computers industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 49, placing it in the top 20% of over 250 industries [6] - The Zacks Industry Rank measures the strength of industry groups based on the average Zacks Rank of individual stocks, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]