23.59 0.00 (0.01%)
After hours: 4:44PM EDT
|Bid||23.40 x 800|
|Ask||24.00 x 27000|
|Day's range||23.38 - 23.72|
|52-week range||18.27 - 24.75|
|PE ratio (TTM)||9.07|
|Earnings date||21 Aug 2018 - 27 Aug 2018|
|Forward dividend & yield||0.56 (2.38%)|
|1y target est||25.81|
HP (HPQ) recently opened a new 3D printing center in China. Seeking to produce components and prototypes faster and more efficiently, manufacturers are adopting 3D printers. The new 3D printing center has expanded HP’s footprint in the world’s largest manufacturing market.
The global PC market has been on the decline for the past several years as smartphones have continued to come up with many PC-like features. Gartner said global PC shipments grew 1.4% compared to the same quarter last year, reaching 62.1 million units. According to Gartner, this growth was driven by business demand, which it thinks will weaken in two years.
The second quarter of 2018 was the best quarter for personal-computer shipments in more than six years, IDC reported Thursday afternoon, confirming an earlier report from rival Gartner. IDC tracked 2.7% growth in PC shipments from the same quarter a year ago, blowing away its projection of 0.3% for the biggest gains since the first quarter of 2012, when the market expanded by 4.2%. Earlier Thursday, Gartner reported the first year-on-year gain since the same quarter, but IDC has tracked gains in the sector in previous quarters while looking at a slightly larger collection of form factors that includes Chromebooks.
Personal computer shipments increased for the first time in six years in the second quarter of 2018, research firm Gartner said Thursday afternoon. Gartner said that overall shipments grew 1.4% from the same quarter the year before, the first time Gartner has tracked a year-over-year gain since the first quarter of 2012. Gartner rival IDC has reported year-over-year gains for the sector in that time, but counts more form factors than Gartner, most notably Chromebooks, web-based laptops with Alphabet Inc. (googl)(goog) software.
Jim Cramer rattles off his take on callers' favorite stocks, including a drugmaker that's topping its competition.
HP Inc. (HPQ) stock returned 9.3% in the first half of 2018, and it closed at $22.69 on June 29. HPQ met its earnings estimates in the fiscal second quarter, and it beat estimates in the fiscal first quarter by 14.3%. Analysts gave a median price target of $27.00 for HP Inc., which indicates that the stock has an upside potential of 18.0% over the next 12 months.
On Tuesday, General Electric Inc. (GE) said it would spin off its health-care business and unload its ownership in Baker Hughes, an oil services company, as part of a restructuring that will greatly change the corporate monolith that was recently booted from the Dow Jones Industrial Average(^DJI) . The changes are the result of a year-long review of the struggling company by Chief Executive John Flannery, who should give a call to Meg Whitman, the former CEO of Hewlett Packard, once one of the largest tech companies, to see how these types of moves can play out. It was involved in nearly every part of the tech business: PCs, printers, servers, supercomputers, software, storage, networking, services and other businesses.
Apple (AAPL) fell ~1.5% on June 25. It has returned -1.8% over the last two trading sessions, -3.5% in the last five days, -3.4% in the last month, and 25% over the last 12 months. In fiscal 2017, 24% of Apple’s sales were from Europe, 19.6% were from China (FXI), 7.8% were from Japan (EWJ), and 6.6% were from the rest of the Asia-Pacific region.
Smurfit Kappa is continuing to use digital print with remarkable effect in the corrugated packaging industry. The packaging leader has ramped up its capabilities by installing eight HP Scitex corrugated presses across its European sites. The new printers facilitate brilliant graphics which make display and promotional packaging come alive.
HP Inc. (HPQ) is continuing its restructuring plan that its board approved in 2016, and several thousand jobs are on the line. HP Inc. earlier estimated that its restructuring would result in the removal of around 4,000 jobs. HP Inc. is estimating about $700.0 million in pretax charges related to the job cuts, up from $500.0 million it estimated previously.
Procter & Gamble is set to sponsor an online series of interviews produced by veteran journalist Katie Couric, in a partnership that recalls the time when TV shows were “brought to you by” a particular brand.
HP (HPQ) unveils new 3D printing center in the Asia Pacific region and looks well poised to gain from the growth prospects of the industry.
As an investor, I look for investments which does not compromise one fundamental factor for another. By this I mean, I look at stocks holistically, from their financial health toRead More...
HP (HPQ) to enhance shareholders' wealth through a new $4-billion share repurchase program and quarterly cash dividend of 13.93 cents per share.
MARKET PULSE HP Inc. (hpq) said late Wednesday that its board authorized $4 billion for stock repurchases. As of the end of April, HP said it had $1.2 billion remaining in approved share repurchases. HP stock rose more than 3% in after-hours trading, once the company made the repurchase announcement.