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Earnings trade #2 -- Hewlett-Packard (HPQ)

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hewlett-packard earnings tradeWith strong numbers from IBM (NYSE: IBM) and Intel (NASDAQ: INTC), along with some bullish comments from Dell (NASDAQ: DELL), look for positive results from Hewlett-Packard (NYSE: HPQ) when it reports earnings on August 18.

After seeing a dip earlier this month, the shares rebounded to hit a nine-month high. Sentiment is somewhat optimistic, but the stock should ride the bullish coattails of its competitors heading into earnings.

Buy HPQ call options.

Next: Earnings Trade #3

Symbol Lookup
IndexesChangePrice
DJIA-17.2410,433.71
NASDAQ-6.832,169.18
S&P 500-0.591,105.65

Last updated: November 24, 2009: 05:54 PM

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