FeedPosted Jul 14th 2010 1:40PM by Brent Archer (RSS feed)
Filed under: Major Movement, Earnings Reports, Good news, Hewlett-Packard (HPQ), Intel (INTC), Options, Technical Analysis
Hewlett-Packard (
HPQ -
option chain) shares are rising today after chip-maker Intel (
INTC) reported
second-quarter earnings of 51 cents per share on revenue of $10.8 billion, easily topping forecasts of 43 cents per share on revenue of $10.25 billion. Intel cited strong demand from business customers as well as healthy PC demand for the results, which could be a good sign for all PC manufacturers, including Hewlett-Packard. HPQ will next report earnings on August 19. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on HPQ.
HPQ opened this morning at $47.06. So far today the stock has hit a low of $47.02 and a high of $47.97. As of 12:25, HPQ is trading at $47.84 up $1.07 (2.3%). The chart for HPQ looks bullish and
S&P gives HPQ a positive 5 STARS (out of 5) strong buy ranking.
Continue reading Hewlett-Packard Lifted by Strong Intel Results
Posted Jun 7th 2010 9:30AM by Kevin Kersten (RSS feed)
Filed under: Apple Inc (AAPL), Dell (DELL), Hewlett-Packard (HPQ), Nokia Corp. (NOK), Sony Corp ADR (SNE)
How much do you love your Apple (AAPL) iPad and iPhone? Would you be willing to make them?
As you know, many of the electronic products we enjoy are made by factory workers overseas. Foxconn, located near Hong Kong in Shenzhen, China, is one of the big manufacturers of all things electronic. It employs about 300,000 workers who will be getting a hefty 30% raise in October to 2,000 yuan per month. After several suicides among its employees, the company has been under pressure to improve working conditions at its factories.
Continue reading Would You Make iPads for $1.83 an Hour?
Posted Jun 1st 2010 8:30AM by Melly Alazraki (RSS feed)
Filed under: Before the Bell, International Markets, Hewlett-Packard (HPQ), Market Matters, Amer Intl Group (AIG), BP p.l.c. ADS (BP), Economic Data
U.S. stock futures fell sharply Tuesday morning, indicating a continuation of one of the worst Mays on record. This morning, investors are digesting several worrisome news on top of the ongoing concerns over eurozone sovereign debt and global economic recovery. BP's failed "top-kill" operation, disagreements between American International Group and Prudential over the sale of AIG's Asian arm, and Hewlett-Packard's job cuts are a few of the more disconcerting headlines.
World stocks fell Tuesday amid similar concerns, enhanced by a report that showed Chinese manufacturing slowed in May, underlining Asian manufacturers and exporters remain vulnerable to waning of demand in Europe and elsewhere. Shares in Asia closed lower, with Japan's Nikkei 225 down 0.6% and Hong Kong's Hang Seng falling 1.4%.
Continue reading Before the Bell: Futures Point to Lower Start on Economic Concerns
Posted May 22nd 2010 12:40PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Dell (DELL), Hewlett-Packard (HPQ), Wal-Mart (WMT), General Motors (GM), Home Depot (HD), Target Corp. (TGT), Applied Materials (AMAT), Sears Holdings (SHLD), Gap Inc (GPS), Lowe's Cos (LOW), Staples Inc (SPLS), Hormel Foods (HRL), Abercrombie and Fitch (ANF), Limited Brands (LTD), Deere and Co (DE), Nordstrom, Inc (JWN), Polo Ralph Lauren'A' (RL), salesforce.com inc (CRM), GameStop Corp (GME)
Below are some highlights from this past week's earnings coverage on BloggingStocks. Click through to the original posts for more details.
- Abercrombie & Fitch Co. (ANF) shares sold off after it posted a narrower Q1 net loss, but same-store sales rose.
- Applied Materials Inc. (AMAT) swung from a year-ago loss to a Q2 profit that was better than expected.
- Deere & Co. (DE) reported better-than-expected Q2 earnings and improved sales, and raised its full-year outlook.
- Dell Inc. (DELL) posted better-than-expected Q1 earnings, but the gross margin was disappointing, and shares fell.
- GameStop Corp. (GME) higher Q1 earnings beat consensus estimates but same-store sales declined.
- Gap Inc. (GPS) said its higher Q1 earnings beat expectations while revenue fell in line with estimates.
Continue reading Earnings Highlights: Dell, Gap, GM, Home Depot, HP, Sears, Target, Walmart ...
Posted May 21st 2010 3:30PM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, Microsoft (MSFT), Apple Inc (AAPL), Dell (DELL), Hewlett-Packard (HPQ), International Business Machines (IBM), Technology
Dell (
DELL) is down today following the release of the company's Q1 numbers, which occurred yesterday after the bell. The PC maker, whose colleagues include Apple (
AAPL), Hewlett-Packard (
HPQ), International Business Machines (
IBM), and Microsoft (
MSFT), was off by 83 cents, or 5.8%, and priced at $13.49, in afternoon trading.
The stock has been moving in a narrow range over the last
twelve months. The 52-week low is $10.59, while the 52-week high is $17.52. I get the feeling this one is getting more comfortable with the prospect of heading back toward the 52-week low.
Continue reading Dell May Not Be a Buy Just Yet
Posted May 18th 2010 4:30PM by Jon Ogg (RSS feed)
Filed under: Hewlett-Packard (HPQ), Wal-Mart (WMT), Home Depot (HD)
The red coats are coming! This time they are from continental Europe. Today's drop was tied to tighter financial reform and a ban on naked short selling in Germany. Oh well, an excuse is an excuse. PPI did not even matter because of the price drop in oil of late, and we did see housing starts were up, but building permits were down.
Here were today's closing bell levels:
S&P 500 1,120.80 -16.14 (-1.42%)
Dow 10,510.95 -114.88 (-1.08%)
Nasdaq 2,317.26 -36.97 (-1.57%)
Continue reading Closing Bell: Europe Keeps Feeding the Bears (HPQ, VRSN, WMT, HD, LOW)
Posted May 18th 2010 8:10AM by Melly Alazraki (RSS feed)
Filed under: Before the Bell, International Markets, Hewlett-Packard (HPQ), Wal-Mart (WMT), Home Depot (HD), Market Matters, Abercrombie and Fitch (ANF), Economic Data
U.S. stock futures advanced Tuesday as investors eye key economic and earnings results. The Home Depot has already reported strong results and Wall Street awaits results from Walmart. Several key economic reports, including readings on inflation and housing will also be in focus this morning.
Economic data will start pouring in at 8:30 a.m. Eastern. At that time, a report on April housing starts and building permits is due. Housing starts are expected to have risen to a seasonally adjusted annual unit rate of 675,000 from 626,000 in March, according to Briefing.com. Building permits are expected to have risen to 715,000 from a 680,000 annual unit rate.
Continue reading Before the Bell: Futures Higher Ahead of Housing, PPI Data
Posted May 16th 2010 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Forecasts, Hewlett-Packard (HPQ), Wal-Mart (WMT), Home Depot (HD), Target Corp. (TGT)
Overall April retail sales numbers were better than expected, and last week's quarterly results from Kohl's (KSS), Macy's (M), Nordstrom (JWN) and Urban Outfitters (URBN) were strong. This week, the world's largest retailer, Wal-Mart Stores Inc. (WMT) is scheduled to report earnings, along with big-box store operators Target Corp. (TGT) and Home Depot Inc. (HD). Analysts surveyed by Thomson Reuters are expecting strong results from these mega retailers as well, and from many others reporting this week.
Unlike the other companies featured in this post, Walmart isn't expected to post double-digit earnings growth, but strong earnings growth nonetheless. The empire that founder Sam Walton built announced a collaboration with Procter & Gamble (PG), acquired a digital entertainment provider, and increased its annual dividend during its first quarter. Earnings for that period are expected to total $0.85 per share, a increase of 9.4% from the same period of the previous year. Revenue for the three months that ended in April is expected to have risen 4.5% in the past year to $98.5 billion. And analysts so far expect to see sequential and year-over-year earnings and revenue growth in the second quarter. Walmart's per-share earnings met or beat consensus estimates in the past five quarters, beating by four cents per share in the fourth quarter.
Continue reading The Week in Preview: Expectations for Walmart, Target, Home Depot, Hewlett-Packard
Posted Apr 29th 2010 11:00AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Hewlett-Packard (HPQ), Barrick Gold (ABX), Palm Inc (PALM), Analyst Initiations, Akamai Technologies (AKAM)
Analyst Upgrades
- Kaufman Bros. upgraded Palm (PALM) to hold from sell after the company was acquired by Hewlett-Packard (HPQ).
- Citigroup upgraded Akamai (AKAM) to buy from hold following the company's better-than-expected Q1 results. The firm raised its target for shares to $44 from $32.
- Deutsche Bank upgraded Rockwell Automation (ROK) to hold from sell following the company's Q2 results and guidance. The firm raised its target for shares to $60 from $49.
- First Solar (FSLR) was upgraded to buy from hold at Deutsche Bank and to hold from sell at Soleil.
- Beckman Coulter (BEC) was upgraded to overweight from neutral at Piper Jaffray.
- Barrick Gold (ABX) was upgraded to buy from hold at Jefferies.
Continue reading Analyst Calls: AKAM, AKS, BIN, BTN, DTG, EFX, FSLR, PALM, PLCE, ROK ...
Posted Apr 29th 2010 8:35AM by Melly Alazraki (RSS feed)
Filed under: Before the Bell, International Markets, Hewlett-Packard (HPQ), Motorola (MOT), Exxon Mobil (XOM), Market Matters, Procter and Gamble (PG), Palm Inc (PALM), Economic Data
U.S. stock futures were higher Thursday as investors continue to sift through a wave of earnings and digest the HP-Palm deal. With the Federal Reserve easing concerns, and worries about the debt problems in Europe somewhat abated, stocks could add to Wednesday's gains.
Overseas, while Asian markets continued to fall, European stock markets rose modestly Thursday as investors hoped for a quicker bailout for Greece and its mounting debt problem. Assurances from the Fed about the U.S. economy helped boost sentiment as did strong earnings from several European companies. Meanwhile,
European confidence rose to a level exceeding economists' expectations and unemployment in Germany fell.
Continue reading Before the Bell: Futures Higher on Earnings, Fed
Posted Apr 23rd 2010 3:20PM by Joseph Lazzaro (RSS feed)
Filed under: Hewlett-Packard (HPQ), Stocks to Buy
As analyzed
in January, Hewlett-Packard's (
HPQ) pull-back in the winter represented a buying opportunity. What about now for Hewlett, first discussed on April 24, 2009 at a price of $35.80?
Hewlett is still preferred. To be sure, with a P/E of 16, HPQ is not as cheap as it was in January.
Even so, Hewlett is well positioned to increase market share in PCs, servers, printers, and IT services in 2010. The company's cost reduction efforts have gone reasonably well, and it's made progress re-positioning its customer services operation to become the one-stop shop that many customers seek. Look for 2010 revenue to rise 9% to 11%, followed by a 5% to 7% increase in 2011.
Continue reading Hewlett-Packard: Still Attractive
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