Jim Cramer Says “HP is Genuinely Hostage to Commodity Prices”

Core Viewpoint - HP Inc. is facing challenges in meeting financial expectations, primarily due to its dependence on commodity prices and ongoing issues with quarterly performance [1][2]. Company Performance - HP Inc. has consistently missed quarterly earnings expectations, leading to skepticism about its ability to deliver future results [2]. - The company has engaged in share buybacks, repurchasing an average of 6% of its shares, but this strategy is viewed as insufficient to mask underlying performance issues [2]. Market Sentiment - Despite a recent stock price increase of nearly 6%, market sentiment remains cautious, with analysts suggesting that this does not provide a compelling reason to invest in HP [1]. - There is a belief that other sectors, particularly AI stocks, may offer better investment opportunities with higher upside potential and lower downside risk compared to HP [2].