|Bid||23.65 x 3100|
|Ask||24.15 x 1000|
|Day's Range||23.59 - 24.13|
|52 Week Range||19.31 - 27.08|
|Beta (3Y Monthly)||1.78|
|PE Ratio (TTM)||8.71|
|Forward Dividend & Yield||0.56 (2.33%)|
|1y Target Est||N/A|
JP Morgan lowers its rating to neutral from overweight for HP Inc shares, predicting a more difficult industry environment for PCs next year.
Yahoo Finance’s Seana Smith on the stocks making headlines in midday trading Friday.
According to market research company Gartner, Apple’s share in the global personal computer (or PC) market is estimated to decline in the third quarter of calendar year 2018 (or Apple’s fourth quarter of fiscal 2018). Global PC shipments have been estimated to be flat at 67.20 million units in the third quarter. Gartner estimated Apple’s (AAPL) MacBook shipments at 4.9 million units in the third quarter of 2018, a decline of 8.5% year-over-year compared to 5.4 million units shipped in Q3 2017.
At a White House event with U.S. pastor Andrew Brunson, who arrived in Washington after being freed in Turkey, Trump said China and Russia would be ready to swoop in and get the business if the U.S. backed away. Later, leaving for a rally in Kentucky, Trump told reporters that scrapping the sales would hurt the U.S. and its workers more than it would hurt Saudi Arabia.
After a forgettable first half of the year, IBM stock delivered some promising momentum in the second half. On Wednesday, when the Dow Jones Industrial Average lost nearly 832 points, the IBM stock price lost 3% of its value. While other companies have suffered steeper declines on paper, including sexier competitors like Microsoft (NASDAQ:MSFT) and especially Amazon (NASDAQ:AMZN), the problem for IBM stock is future viability, or lack thereof.
A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. Historically, HP Inc (NYSE:HPQ) has paid dividends to shareholders, and Read More...
The global PC market continues to see a downturn. IDC (International Data Corporation) just published its quarterly report on PC sales, which said there were 67.4 million PC shipments globally during the third quarter of 2018. According to IDC, Apple’s Mac sales declined 11.6% in the quarter that ended in September, falling to fifth place.
Gartner has just released its personal computer sales numbers for Q3 2018. While the number of PC shipments in the U.S. slipped slightly, there was a shakeup in the top five vendor list. For the first time, Microsoft (NASDAQ:MSFT) appears in that list.
Third quarter PC shipments benefit from improving demand from businesses customers but weakness in consumer PC market is a concern.
Lenovo Group Ltd. took the top spot in both IDC's and Gartner's reports on personal-computer shipments for the September quarter, the research firms said Wednesday. Lenovo reclaimed the top spot from HP Inc. , according to IDC's numbers, amassing 24% of the market compared with 22.8% for HP. Dell Inc., Acer, and Apple Inc. rounded out the top five. IDC said in a release that the companies seemed "able to fulfill a sizable portion of their demand" despite concerns about Intel Corp. processor shortages. Per Gartner figures, Lenovo topped HP as well. The company had 23.6% share of the market, compared with 21.8% for HP, according to Gartner. Matthew Zielinski, Lenovo's head of North America, told MarketWatch on Tuesday that the company's recent share improvement reflects Lenovo's balanced strategy. HP shares are down 0.3% in after-hours trading Wednesday. They're up 18% over the past 12 months, compared with a 9.2% rise for the S&P 500 .
As of Wednesday's close, 52 of 65 components in the S&P 500 tech sector were down at least 10 percent from their 52-week high. HP Inc. HPQ and Oracle ORCL , meanwhile are down 10.4 percent and 11.4 percent, respectively, from those levels.
Oct 10 (Reuters) - Gartner Inc: * GARTNER INC - QTRLY PRELIMINARY WORLDWIDE PC SHIPMENTS TOTALED 67.2 MILLION UNITS, UP 0.1 PERCENT * GARTNER-LENOVO SECURED TOP SPOT IN WORLDWIDE PC MARKET WITH GROWTH ...
Oct 10 (Reuters) - International Data Corporation : * INTERNATIONAL DATA CORPORATION SAYS PRELIMINARY Q3 SHIPMENTS OF TRADITIONAL PCS WERE NEARLY 67.4 MILLION UNITS, DOWN 0.9 PERCENT YOY * IDC SAYS LENOVO ...
HP (HPQ) aims to gain more share in the printing market with its newly upgraded Sprocket 2nd Edition boasting new ornamental features.
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.
HP has surprised the doubters since its split from Hewlett Packard Enterprise, but JPMorgan’s Paul Coster thinks momentum may be harder to come by in the near future.
The strategy being pursued by HP Inc. (HPQ) has the potential to enhance its competitive advantage. Acquisitions are set to provide a platform to deliver greater investment and growth in the contractual offers print markets. The company continues to invest in a product pipeline that has an increasing focus on premium products.
Shares of HP Inc (NYSE: HPQ ) have gained nearly 25 percent since the start of 2018 and now may be a good time for investors to take some of their profit off the table, at least according to JPMorgan. ...
J.P. Morgan lowers its rating to neutral from overweight for HP Inc shares, predicting a more difficult industry environment for PCs next year.