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HP (HPQ) in Focus: Stock Moves 6.4% Higher

Zacks Equity Research
Updated

HP Inc. HPQ was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. (This continues the recent uptrend for the company—as the stock is now up 11.5% in the past one-month time frame.

The move came after the company delivered a better than expected profit forecast in its annual analyst meeting. The company also expects to have at least $3 billion in free cash flow for the year 2018.

The company has seen no estimate revisions over the past few weeks and the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

HP currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.  

HP Inc. Price

HP Inc. Price | HP Inc. Quote

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Another player in the Computer - Mini computers industry, which looks attractive at current levels is Apple Inc. AAPL, which has the same Zacks Rank as HP. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is HPQ going up? Or down? Predict to see what others think: Up or Down

5 Trades Could Profit "Big-League" from Trump Policies

If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.

Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure.

See these buy recommendations now >>


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HP Inc. (HPQ) : Free Stock Analysis Report
 
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Zacks Investment Research