|Bid||20.74 x 4000|
|Ask||20.75 x 1100|
|Day's Range||20.65 - 20.87|
|52 Week Range||18.06 - 27.08|
|Beta (3Y Monthly)||1.17|
|PE Ratio (TTM)||8.39|
|Earnings Date||Aug 21, 2019 - Aug 26, 2019|
|Forward Dividend & Yield||0.64 (3.10%)|
|1y Target Est||23.45|
(Bloomberg) -- The billionaire founder of Apple Inc.’s largest supplier asked the U.S. company to move from China to neighboring Taiwan."Speaking from the perspective of the Republic of China, I will plead to Apple to come to Taiwan," said Terry Gou, who remains the largest shareholder in Hon Hai Precision Industry Co., answering a question about whether Apple will shift production away from China. He was referring to Taiwan by its formal moniker. “I believe it is possible," he said without elaborating.Louis Woo, a special assistant to Gou, later said that the executive and Taiwan presidential hopeful was urging Apple to "invest" in Taiwan, not to move plants from China.The Trump administration’s threat to levy tariffs on some $300 billion of Chinese-made goods -- including phones and laptops -- has inflamed speculation that Apple will divert some capacity away from the world’s second largest economy. And Hon Hai is the largest of hundreds of Apple-suppliers with factories on the mainland, making most of the world’s iPhones from the central Chinese city of Zhengzhou.A significant shift of manufacturing from China to Taiwan -- which Beijing views as part of its territory -- may also exacerbate tensions between the two governments. Hon Hai, the main listed arm of the Foxconn Technology Group, is today the largest private employer in China, paying as many as a million mostly migrant laborers to put together everything from iPhones to HP laptops.Gou, who is stepping down as Hon Hai chairman Friday to focus on winning a party nomination to compete in the 2020 Taiwanese presidential elections, had run a company that depends on Apple for half its revenue. It’s unclear how much capacity Gou may have been referring to, nor how feasible a large-scale move -- for Hon Hai or any other Apple supplier -- may be.The Taiwanese firms that assemble most of the world’s electronics are now expanding or exploring plants in Southeast Asia and elsewhere to escape punitive tariffs on U.S.-bound goods. But the vast majority of their capabilities remain rooted in China. The Nikkei reported this week that Apple asked its largest suppliers to consider the costs of shifting 15% to 30% of its output from China to Southeast Asia, but three major partners to the U.S. company later pushed back against that idea. Hon Hai itself has said Apple hasn’t requested such a move.(Updates with comment from Gou special assistant in third paragraph.)To contact the reporter on this story: Debby Wu in Taipei at email@example.comTo contact the editors responsible for this story: Peter Elstrom at firstname.lastname@example.org, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Is HP Inc. (NYSE:HPQ) a good dividend stock? How would you know? Dividend paying companies with growing earnings can...
Dell, HP and Microsoft, which together account for 52% of the notebooks and detachable tablets sold in the United States, said the proposed tariffs would increase the cost of laptops in the country. The move would hurt consumers and the industry, and would not address the Chinese trade practices that the Trump administration's office of the U.S. Trade Representative (USTR) seeks to remedy, the four companies said in a joint statement posted online https://www.regulations.gov/document?D=USTR-2019-0004-2010.
Micron (NASDAQ:MU) is playing a game most investors won't be willing to concede. Indeed, it's a game most investors don't even know they're playing. But betting on MU stock isn't a value-minded play. It's not even a bet on rebounding DRAM prices. It's a bet on how other investors are going to perceive Micron's prospects at some point in the foreseeable future.Source: Shutterstock And that's a very tricky game to play.It was almost starting to make sense right before two curve balls were thrown.The first curve ball is, of course, a trade war that took dead aim at China's consumer-tech outfit Huawei, which by itself accounts for -- or accounted for -- 13% of Micron's revenue. The other curve ball is the advent of China's new DRAM maker Changxin Memory, which should be able to scoop up from Chinese business from MicronInvestorPlace - Stock Market News, Stock Advice & Trading TipsLargely lost in the discussion is the fact that MU stock is now trading at what can only be described as a stupidly low trailing P/E of 3.1. The forward-looking P/E of 8 makes it more than twice as expensive into its most plausible future, though that's still dirt cheap.According to Bank of America Merrill Lynch that valuation says the worst-case scenario is more than priced in. TheStreet's Tiernan Ray agrees, adding a psychological element to the matter:"With no remedy to DRAM's woes this year, it certainly seems the bears have been given just about everything they could hope for in terms of bad news. That may mean a pick-up in shares as the market discounts better times in 2020." * 7 Value Stocks to Buy for the Second Half It seems counterintuitive, at first, and perhaps it is. It'sa perfect synopsis of the headache at hand. The cyclical bottom for DRAM prices and the cyclical bottom in bearish sentiment surrounding MU stock aren't even close to being synchronized.The added trouble is, nobody truly knows how close we are to either bottom. It's entirely possible both are behind us. MU Stock Investors Have Selective VisionIt's not as if investors haven't struggled with erroneously estimating the depths of trouble before.When computer sales peaked in 2011, shares of the HewlettPackard arm that eventually became the consumer-oriented HP (NYSE:HPQ) initially tumbled, but turned around between 2013 and 2014. PC and laptop sales not only continued to fall, they began to slide in earnest in 2015, wiping away a huge chunk of that rebound.HPQ has since recovered, making a turnaround move in 2016 that persisted through most of 2018. The point isinvestors confused hope with results.Another case of misguided assumptions involves General Electric (NYSE:GE).Although shares of the iconic blue chip turned around in 2009 like most other stocks did, neither sales nor earnings have grown since 2008. And that's even after stripping out the impact of divestitures. Investors largely convinced themselves for years that GE would work its way out of trouble, until 2017 when it became clear that wasn't going to happen.The 80% rout suffered during the second half of 2018 essentially priced in eight years' worth of deteriorating results too few people were willing to see.Neither comparison is a carbon copy of what's making Micron stock so tough to handicap now, though the underpinnings are the same. Namely, investors see the facts they want to believe, and ignore the facts that might conflict with their established conceptions.The masses have largely convinced themselves that Micron is unsalvageable right now. They hold up Changxin Memory and the trade war as evidence, all the while ignoring the fact that Changxin's IP leaves something to be desired, and that the trade war could end at any time as long as an unpredictable President Donald Trump occupies the White House.Meanwhile, DRAM prices are still falling. That's leading many would-be buyers to assume they'll fall in perpetuity, though that's clearly not going to be the case.None of those factors are minor matters. Bottom Line for MU StockIt's not a bearish or a bullish call. It's just a much-needed reminder to not assume the rhetoric surrounding any stock at any given time is accurate. It might be, but it may well not be. And when that stock is a well-watched ticker like MU stock that inherently inspires emotional responses, the rhetoric is all the more skewed.There's no denying the stock's trading at bargain prices right now. Bank of America and Tiernan Ray are both right in that regard. The value argument holds water, even if the DRAM glut and the tariff standoff persist.Value isn't enough though. As irrational as the doubts working against Micron right now may be, as John Maynard Keynes told us decades ago, "the market can stay irrational longer than you can stay solvent."The best course of action here may be to not play the game at all but to find another stock that's proving more predictable.As of this writing, James Brumley held no positions in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter at @jbrumley. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Value Stocks to Buy for the Second Half * 7 Hot Stocks to Buy for a Seemingly Sleepy Summer * 6 Chip Stocks Staring At Big Headwinds in 2019 Compare Brokers The post Micron Stock Presents Too Much of a Trading Conundrum appeared first on InvestorPlace.
HP releases 2018 Sustainable Impact Report affirming commitment to People, Planet and Community. “Progress requires us to rethink every aspect of our business to find new ways to make life better for everyone, everywhere," said Nate Hurst, Chief Sustainable Impact Officer, HP.
(Bloomberg) -- Hewlett Packard Enterprise Co. will make all its products available through subscriptions, Chief Executive Officer Antonio Neri’s biggest move yet to shield the server maker from growing cloud-computing competition.HPE’s computer servers, storage hardware, networking gear and software will be available through a pay-per-use or subscription model by 2022, the San Jose, California-based company said Tuesday in a statement.Neri took over the company in February 2018, and has focused on keeping HPE relevant in a changing market for information technology. Cloud vendors such as Amazon.com Inc. and Microsoft Corp. have seen booming sales while global server demand has stagnated. First, Neri downplayed the threat from the public cloud companies, investing $4 billion in edge computing, which lets clients process information on hardware far away from data centers and he touted as the next wave of computing. Recently, HPE has taken a more pragmatic approach, forming a partnership with Google that will help clients adopt a hybrid model -- to move information between their own corporate data centers and large public clouds.HPE made the subscription announcement at its annual Discover conference in Las Vegas. This is the company’s most significant effort to generate more recurring revenue, which can help boost overall sales. HPE’s revenue has shrunk in the last two quarters compared with a year earlier.“We will reshape HPE and transform the market, with a new and better way to deliver as a service,” Neri said in a statement.To contact the reporter on this story: Nico Grant in San Francisco at email@example.comTo contact the editors responsible for this story: Jillian Ward at firstname.lastname@example.org, Andrew Pollack, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
HP Inc NYSE:HPQView full report here! Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for HPQ with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting HPQ. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding HPQ are favorable, with net inflows of $8.25 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. HPQ credit default swap spreads are within the middle of their range for the last three years.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
In an attempt to firm up its foothold in the flourishing 3D printing industry, HP (HPQ) launches a 3D Printing and Digital Manufacturing Center of Excellence in Barcelona, Spain.
Cisco (CSCO) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Today, HP Inc. opened the doors to its new 3D Printing and Digital Manufacturing Center of Excellence in Barcelona, Spain, one of the world’s largest and most advanced research and development facilities for the next-generation technologies powering the Fourth Industrial Revolution.
Today’s healthcare providers demand technology that helps them serve their patients safely and efficiently. Additionally, as care providers may log into workstations and applications more than 70 times per day5, HP simplified authentication with optional integrated RFID badge reader6 and biometrics6 to help save time.
Scenes from the turbulent past of Silicon Valley’s oldest tech company have been playing out in London this past week, alongside ones representing its more stable, less headline-grabbing present. HPE versus Autonomy founder Mike Lynch has been taking place just a mile from its London headquarters, but Mr Neri, in a Financial Times interview there, was keen to point out HPE’s distance in business terms from the company that bought Autonomy.
Could China Blacklist Apple, HP, and Dell?China could target Apple, HP, and DellToday, one of the world’s largest credit rating agencies, Fitch Ratings, called Apple (AAPL), HP Inc. (HPQ), and Dell (DELL) China’s “potential blacklist
Cathie Lesjak, who worked at the company for more than 30 years, decided in the early hours of the morning before a crucial board vote to object to the transaction and fully expected to be fired by Chief Executive Officer Leo Apotheker as a result. On her first day of evidence in the $5.1 billion fraud trial against several former Autonomy managers, Lesjak said she’d believed the 60% premium on offer was far too high. "I thought it was a sure thing that I would be fired," Lesjak said Monday in the London trial.
Hedge funds and other investment firms run by legendary investors like Israel Englander, Jeffrey Talpins and Ray Dalio are entrusted to manage billions of dollars of accredited investors' money because they are without peer in the resources they use to identify the best investments for their chosen investment horizon. Moreover, they are more willing to […]
Zacks.com featured highlights include: HP, Party City, AbbVie, OncoSec Medical and Pulmatrix
Former Hewlett-Packard boss Meg Whitman denied on Thursday she was trying to protect her own reputation when she accused the leaders of Autonomy, the British software firm HP acquired in 2011, of a fraud that inflated its value by $5 billion. In a second day of testimony at London's High Court, Whitman was asked by the counsel for Mike Lynch, Autonomy's founder and former CEO, why she went public with the claim before questioning Lynch or Autonomy's auditor Deloitte. "It was about protecting and reinforcing your reputation and you were doing so at the expense of Dr Lynch and (former CFO) Mr Hussain?," Robert Miles asked Whitman.
HP (HPQ) seems to be a good value pick, as it has impressive value metrics, and is seeing solid earnings estimate revisions as well.