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HP (HPQ) Beats Stock Market Upswing: What Investors Need to Know
ZACKS· 2024-10-14 23:21
HP (HPQ) closed at $37.44 in the latest trading session, marking a +1.16% move from the prior day. This change outpaced the S&P 500's 0.77% gain on the day. On the other hand, the Dow registered a gain of 0.47%, and the technology-centric Nasdaq increased by 0.87%.The personal computer and printer maker's stock has climbed by 11.07% in the past month, exceeding the Computer and Technology sector's gain of 6.36% and the S&P 500's gain of 4.87%.The upcoming earnings release of HP will be of great interest to ...
HP Inc.: 3% Yield With Upside Potential As Revenue Re-Accelerates
Seeking Alpha· 2024-10-10 15:45
With recent Fed interest rate cuts fueling a fresh rally in the S&P 500 to fresh highs, I'm worried about being too exposed to growth stocks at a potential market top: and with that in With combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributor on Seeking Alpha since 2017. He has been quot ...
HP (HPQ) Increases Yet Falls Behind Market: What Investors Need to Know
ZACKS· 2024-10-08 23:20
In the latest market close, HP (HPQ) reached $36, with a +0.25% movement compared to the previous day. This move lagged the S&P 500's daily gain of 0.97%. Elsewhere, the Dow gained 0.3%, while the tech-heavy Nasdaq added 1.45%.The personal computer and printer maker's stock has climbed by 5.06% in the past month, falling short of the Computer and Technology sector's gain of 8.21% and the S&P 500's gain of 5.41%.The upcoming earnings release of HP will be of great interest to investors. It is anticipated tha ...
Have $5,000? These 3 Stocks Could Be Bargain Buys for 2024 and Beyond
The Motley Fool· 2024-10-07 09:12
Core Viewpoint - MicroStrategy, Micron Technology, and HP are identified as undervalued tech stocks with significant growth potential despite current market challenges [1]. Group 1: MicroStrategy - MicroStrategy transitioned from a slow-growth data software provider to a Bitcoin hoarder, holding 226,500 Bitcoins valued at $13.8 billion, which constitutes 37% of its enterprise value of $37.2 billion [2]. - Analysts predict that MicroStrategy's core software business will see minimal revenue growth and incur losses, while the company may take on more debt and issue shares to fund additional Bitcoin purchases [2][3]. - The stock appears expensive at 78 times this year's sales, but could be undervalued if Bitcoin prices rise significantly in the future [3]. Group 2: Micron Technology - Micron is a leading manufacturer of DRAM and NAND memory chips, known for producing denser and more power-efficient products compared to competitors [4]. - The company faced a 49% revenue decline in fiscal 2023 due to a downturn in PC shipments and the end of the 5G smartphone upgrade cycle, but revenue rebounded by 62% in fiscal 2024 as markets stabilized [4]. - Analysts forecast a 52% revenue increase in fiscal 2025, with adjusted EPS rising nearly sevenfold, making Micron's stock attractive at just 11 times forward earnings [5]. Group 3: HP - HP is a major producer of PCs and printers, experiencing growth during the pandemic, but faced revenue declines in fiscal 2022 and 2023 due to weakened consumer sales and macroeconomic challenges [6]. - The company has implemented cost-cutting measures and share buybacks, resulting in an 8% increase in adjusted EPS in fiscal 2022, followed by an 18% decline in fiscal 2023 [6]. - Despite a gloomy outlook with flat revenue expected for fiscal 2024 and only a 3% growth in adjusted EPS, HP's stock is considered undervalued at 10 times forward earnings, with a forward dividend yield of 3.1% [6][7].
HP (HPQ) Outperforms Broader Market: What You Need to Know
ZACKS· 2024-10-02 23:20
HP (HPQ) closed the latest trading day at $35.18, indicating a +1.21% change from the previous session's end. The stock's performance was ahead of the S&P 500's daily gain of 0.01%. Elsewhere, the Dow saw an upswing of 0.09%, while the tech-heavy Nasdaq appreciated by 0.08%.Shares of the personal computer and printer maker have depreciated by 1.75% over the course of the past month, underperforming the Computer and Technology sector's gain of 1.03% and the S&P 500's gain of 1.21%.Analysts and investors alik ...
Why HP Fell Today
The Motley Fool· 2024-10-01 18:46
HP was downgraded on fears of a delayed PC recovery.Shares of PC and printer maker HP (HPQ -3.35%) fell today, down as much as 4.8% at one point before recovering to a 4.1% decline as of 1:50 p.m. ET.Back when the old Hewlett-Packard split in two, HP retained the legacy, low-growth businesses of PCs and traditional ink printers.While some had hoped for a late-year boost thanks to the advent of the "AI PC," one analyst wrote today that the refresh might not be coming until next year, or even beyond.Citi down ...
Why HP Stock Dived by Almost 4% on Friday
The Motley Fool· 2024-09-27 21:28
One pundit became more pessimistic on the company's future earnings potential.HP (HPQ -3.91%) wasn't exactly the belle of the stock market ball on Friday. Although the company had little of its own news to report that day, its shares were shaken by a new research note by an analyst. This led to an outflow of investors from the stock, leaving it nearly 4% down in price at market close. That was a notably more pronounced decline than the 0.1% dip of the S&P 500 index.Too dependent on EPS-boosting stock buybac ...
HP (HPQ) Up 3.9% Since Last Earnings Report: Can It Continue?
ZACKS· 2024-09-27 16:35
It has been about a month since the last earnings report for HP (HPQ) . Shares have added about 3.9% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is HP due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. HP Q3 Earnings Miss Estimates, Revenues Grew Y/YHP Inc.’s third- ...
This HP Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday
Benzinga· 2024-09-27 12:46
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Considering buying HP stock? Here’s what analysts think: Read Next: ...
HPQ Silica Polvere Fumed Silica Reactor: Commissioning Completed
GlobeNewswire News Room· 2024-09-27 11:30
MONTREAL, Sept. 27, 2024 (GLOBE NEWSWIRE) -- HPQ Silicon Inc. (“HPQ” or the “Company”) (TSX-V: HPQ, OTCQB: HPQFF, FRA: O08), a technology company specializing in the green engineering of silica and silicon-based materials is pleased to announce that HPQ Silica Polvere Inc. (“HSPI”)[1] has reached a major milestone in the commercial validation of its proprietary Fumed Silica Reactor (“FSR”) process. Technology supplier PyroGenesis Canada Inc. (TSX: PYR, OTCQX: PYRGF, FRA: 8PY) (“PyroGenesis”) has informed HS ...