Últimas noticias sobre HP (NYSE:HPQ) Bolsa

HP (formerly Hewlett-Packard) is a behemoth in the PC and printing markets. It has focused on these markets since it exited IT infrastructure in 2015 with the split from Hewlett Packard Enterprise. HP focuses on the commercial market, but maintains sales of consumer devices and printers. The firm has a broad and global customer base, with only one third of sales coming from the US. HP completely outsources manufacturing and relies heavily on channel partners for its sales and marketing.

Earnings

News

Pre-Market Outlook

Markets

Trading Ideas

DELL

NVDA

Aquí tienes cinco acciones estadounidenses que podrían llamar la atención de los inversores este jueves: BBY, NVDA, DG, HPQ y DELL.

5 acciones en el foco este jueves: BBY, NVDA, DG, HPQ y DELL

Aquí tienes cinco acciones estadounidenses que podrían llamar la atención de los inversores este miércoles: NVDA, JWN, HPQ, BOX y SJM.

5 acciones en el foco este miércoles: NVDA, JWN, HPQ, BOX y SJM

Dividends

Price Target

Analyst Ratings

Descubre las acciones de Xerox, IBM y HP con los mejores rendimientos de dividendos en el sector tecnológico.

3 acciones de tecnología con altos rendimientos de dividendos para inversionistas

HP Inc

HPQ Silicon Inc

Bernstein analyst Toni Sacconaghi maintains HP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) with a Market Perform and raises the price target from $32 to $34.

Bernstein Maintains Market Perform on HP, Raises Price Target to $34

<a href="https://www.usitc.gov/press_room/news_release/2024/er1220_66270.htm" title="https://www.usitc.gov/press_room/news_release/2024/er1220_66270.htm">https://www.usitc.gov/press_room/news_release/2024/er1220_66270.htm</a>

USITC Institutes Section 337 Investigation Of Certain Wireless Communication Devices And Components Thereof; Probe Certain Smart TVs Made By Dell, HP, Lenovo After Request By International Semiconductor Group Co

WIIM

AIOT

AKAM

AKTS

ALRM

ANET

APLD

BBAI

BELFB

BLND

BLZE

COHR

Core Scientific, Inc. - Class A Common Stock

CORZ

CRSR

CTSH

CVLT

DOCN

DTST

EPAM

FFIV

FSLY

GDDY

IDAI

IMMR

INGM

KEYS

KODK

LASR

LIDR

LITE

MLGO

NOVT

NTAP

ONDS

OPTX

ORKT

OUST

PLUS

POWI

PSTG

RCAT

SHOP

SIMO

SMCI

SNOW

TRMB

TTMI

TWLO

VNET

VSAT

Shares of companies within the broader tech sector are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points.

HP's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) short percent of float has fallen 10.86% since its last report. The company recently reported that it has 33.94 million shares sold short, which is 4.02% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.32 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>HP Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734457517_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for HP has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing HP's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, HP's peer group average for short interest as a percentage of float is 7.33%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(HPQ) - Analyzing HP's Short Interest

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the information technology sector.
<h3 class="wp-block-heading">HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>)</h3>
<ul>
<li>Dividend Yield: 3.03%</li>
<li>TD Cowen analyst Krish Sankar maintained a Hold rating and raised the price target from $32 to $39 on Nov. 27. This analyst has an accuracy rate of 76%.</li>
<li>Citigroup analyst Asiya Merchant maintained a Neutral rating and cut the price target from $37 to $36.5 on Nov. 27. This analyst has an accuracy rate of 74%.</li>
<li>Recent News: On Nov. 26, HP reported quarterly earnings of 93 cents per share, in line with the analyst consensus estimate. Quarterly revenue came in $14.05 billion, which beat the analyst consensus estimate of $13.99 billion and is an increase over sales of $13.82 billion from the same period last year.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120524&amp;t=be2bearmibe3na1">latest HPQ news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="907" height="843" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/05050117/image-44.png" alt="" class="wp-image-678277" style="width:644px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/05050117/image-44.png 907w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/05050117/image-44-300x279.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/05050117/image-44-768x714.png 768w" sizes="(max-width: 907px) 100vw, 907px" /></a></figure>
<h3 class="wp-block-heading">Skyworks Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>)</h3>
<ul>
<li>Dividend Yield: 3.19%</li>
<li>Citigroup analyst Atif Malik maintained a Sell rating and cut the price target from $83 to $72 on Nov. 13. This analyst has an accuracy rate of 85%.</li>
<li>Piper Sandler analyst Harsh Kumar maintained a Neutral rating and slashed the price target from $95 to $85 on Nov. 13. This analyst has an accuracy rate of 86%.</li>
<li>Recent News: On Nov. 12, Skyworks Solutions reported better-than-expected fourth-quarter EPS, with sales in line with estimates.</li>
<li>Benzinga Pro's real-time newsfeed alerted to<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120524&amp;t=be2bearmibe3na1"> latest SWKS news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="898" height="846" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/05050156/image-45.png" alt="" class="wp-image-678278" style="width:650px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/05050156/image-45.png 898w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/05050156/image-45-300x283.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/05050156/image-45-768x724.png 768w" sizes="(max-width: 898px) 100vw, 898px" /></a></figure>
<h3 class="wp-block-heading">Silicon Motion Technology Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIMO#NASDAQ">SIMO</a>)</h3>
<ul>
<li>Dividend Yield: 3.56%</li>
<li>Craig-Hallum analyst Anthony Stoss maintained a Buy rating and cut the price target from $96 to $90 on Nov. 1. This analyst has an accuracy rate of 61%.</li>
<li>Susquehanna analyst Mehdi Hosseini maintained a Positive rating and slashed the price target from $110 to $95 on Nov. 1. This analyst has an accuracy rate of 69%.</li>
<li>Recent News: On Oct. 30, Silicon Motion Technology posted better-than-expected quarterly earnings.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120524&amp;t=be2bearmibe3na1">trend in SIMO stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="906" height="827" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/05050246/image-46.png" alt="" class="wp-image-678281" style="width:661px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/05050246/image-46.png 906w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/05050246/image-46-300x274.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/05050246/image-46-768x701.png 768w" sizes="(max-width: 906px) 100vw, 906px" /></a></figure>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?start=1&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42332881/dow-settles-above-45000-for-first-time-investor-sentiment-improves-fear-greed-index-in-greed-zone">Dow Settles Above 45,000 For First Time As Salesforce, Marvell Surge: Investor Sentiment Improves, Fear Index In &#8216;Greed&#8217; Zone</a></li>
</ul>

SWKS

Wall Street's Most Accurate Analysts Give Their Take On 3 Tech Stocks With Over 3% Dividend Yields

Black Friday, known for its enticing discounts on the latest technology, may not always deliver the bargains shoppers expect. A recent study by KnownHost revealed that nearly a third of these <a href="https://www.benzinga.com/news/retail-sales/24/11/42220200/black-friday-discounts-too-good-to-be-true-survey-shows-only-42-of-sales-are-authentic" target="_blank" rel="noreferrer noopener">"deals" aren't genuine savings at al</a>l.
Earnings
HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) reported fourth-quarter earnings of 93 cents per share, in line with the analyst consensus estimate. Quarterly revenue came in $14.05 billion, which beat the <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/42203410/hp-stock-drops-after-q4-results-weak-forward-guidance-details" rel="noreferrer noopener">analyst consensus estimate of $13.99 billion</a>.
Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) reported third-quarter earnings of $2.15 per share, which beat the analyst consensus estimate of $2.05. Quarterly revenue came in at $24.37 billion, which missed <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/42201885/dell-technologies-shares-drop-after-q3-revenue-misses-estimates-details" rel="noreferrer noopener">the consensus estimate of $24.65 billion</a>.
Gaming
Sony Group Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) unveiled December PS Plus games, including It Takes Two, Aliens: Dark Descent, and TemTem, <a target="_blank" href="https://www.benzinga.com/24/11/42222962/ps-plus-december-lineup-new-games-exclusive-trials-30th-anniversary-surprises" rel="noreferrer noopener">available from Dec. 3 to Jan. 6</a>.
Sony is reportedly preparing to introduce black versions of its DualSense Edge controller, Pulse Elite wireless headphones and, <a target="_blank" href="https://www.benzinga.com/general/gaming/24/11/42172580/black-playstation-accessories-may-appear-ahead-of-holiday-season-dealabs" rel="noreferrer noopener">Pulse Explore&nbsp;wireless earbuds</a>.
Ubisoft Montreal is reportedly developing a social simulation game codenamed Alterra, blending elements inspired by Nintendo ADR‘s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NTDOY#OTC">NTDOY</a>) <a href="https://www.benzinga.com/general/gaming/24/11/42222155/animal-crossing-meets-minecraft-in-ubisofts-upcoming-game-report">Animal Crossing</a> and Microsoft Corporation&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Minecraft.
Nintendo settled one of the longest-running debates among The Legend of Zelda fans by confirming where Echoes of Wisdom fits in <a href="https://www.benzinga.com/24/11/42195150/nintendo-confirms-where-echoes-of-wisdom-falls-in-the-zelda-timeline" target="_blank" rel="noreferrer noopener">the franchise&#8217;s intricate timeline</a>.
Activision says its Ricochet anti-cheat team has banned 19K accounts from Call of Duty: Black Ops 6 <a href="https://www.benzinga.com/general/gaming/24/11/42198567/19000-bans-and-counting-but-players-say-cheating-still-dominates-call-of-duty-black-ops-6" target="_blank" rel="noreferrer noopener">ranked play since Nov. 21 launch</a>.
CD Projekt SA (OTC:<a class="ticker" href="https://www.benzinga.com/stock/OTGLY#OTC">OTGLY</a>) announced that Project Polaris, the first installment in a new Witcher trilogy, has transitioned <a target="_blank" href="https://www.benzinga.com/general/gaming/24/11/42199470/project-polaris-hits-full-scale-production-whats-next-for-the-witcher-and-cd-projekt" rel="noreferrer noopener">from preproduction to&nbsp;full-scale production</a>.
Technology
The U.S. government reportedly plans to reduce&nbsp;Intel Corporation&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) <a target="_blank" href="https://www.benzinga.com/markets/24/11/42185698/qualcomms-interest-in-taking-over-intel-wanes-due-to-complexities-involved-report" rel="noreferrer noopener">$8.5 billion federal chips grant</a>.
Russian-linked hacking group RomCom has exploited vulnerabilities in Mozilla Firefox and Microsoft&#8216;s Windows to target users <a href="https://www.benzinga.com/24/11/42208148/russian-hackers-launch-widespread-cyber-assault-using-firefox-and-windows-zero-days-what-you-need-to-know-about-the-romcom-exploit" target="_blank" rel="noreferrer noopener">across Europe and North America</a>.
Telegram&nbsp;has reported significant financial growth in the first half of 2024, with revenue reaching $525 million, driven by strong performance in cryptocurrency holdings. This is despite ongoing <a target="_blank" href="https://www.benzinga.com/24/11/42180964/telegrams-crypto-boom-shields-business-amid-founder-pavel-durovs-legal-troubles-revenue-soars-to-525m-in-2024" rel="noreferrer noopener">legal challenges facing its CEO,&nbsp;</a><a target="_blank" href="https://www.benzinga.com/24/11/42180964/telegrams-crypto-boom-shields-business-amid-founder-pavel-durovs-legal-troubles-revenue-soars-to-525m-in-2024" rel="noreferrer noopener">Pavel Durov</a>.
Smartphone
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is reportedly changing its approach to software updates. The tech giant appears to be opting for staggered rollouts of new features instead of bundling <a target="_blank" href="https://www.benzinga.com/24/11/42183616/apple-could-delay-key-ios-19-features-plans-shifting-to-staggered-rollouts-with-2026-siri-overhaul-and-more" rel="noreferrer noopener">everything into annual iOS releases</a>.
Apple unveiled its&nbsp;Black Friday 2024&nbsp;promotion, running from Nov. 29 to Dec. 2, offering customers gift cards with the purchase of eligible <a target="_blank" href="https://www.benzinga.com/24/11/42155932/apple-black-friday-2024-get-up-to-200-in-gift-cards-on-iphones-macs-airpods-and-more-heres-everything-you-need-to-know" rel="noreferrer noopener">products instead of direct discounts</a>.
Xiaomi Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACF#OTC">XIACF</a>) is set to launch its own mobile processor for future smartphones, aiming to lessen its dependency on foreign suppliers like&nbsp;Qualcomm Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) <a target="_blank" href="https://www.benzinga.com/tech/24/11/42190353/xiaomi-set-to-challenge-qualcomm-mediatek-as-it-ventures-into-chipmaking-once-again" rel="noreferrer noopener">and&nbsp;</a><a target="_blank" href="https://www.benzinga.com/tech/24/11/42190353/xiaomi-set-to-challenge-qualcomm-mediatek-as-it-ventures-into-chipmaking-once-again" rel="noreferrer noopener">MediaTek Inc</a><a target="_blank" href="https://www.benzinga.com/tech/24/11/42190353/xiaomi-set-to-challenge-qualcomm-mediatek-as-it-ventures-into-chipmaking-once-again" rel="noreferrer noopener">.&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/MDTKF#OTC">MDTKF</a>)</a>.
China&#8217;s&nbsp;Huawei Technologies will replace&nbsp;Google&#8217;s Android&nbsp;with its in-house developed operating system in smartphones <a target="_blank" href="https://www.benzinga.com/media/24/11/42207001/apples-premium-phone-reign-in-china-meets-challenger-in-huaweis-mate-70-as-new-smartphone-breaks-free-from-googles-grip" rel="noreferrer noopener">and tablets starting next year</a>.
Elon Musk
Elon Musk-led&nbsp;SpaceX has obtained a commercial license from the&nbsp;Federal Communications Commission (FCC) for its&nbsp;Starlink Direct-to-Cell service. This marks a pivotal step in expanding the reach of <a target="_blank" href="https://www.benzinga.com/general/space/24/11/42208569/spacexs-starlink-direct-to-cell-service-gets-commercial-license-from-fcc-heres-what-it-means" rel="noreferrer noopener">satellite-based mobile connectivity</a>.
Elon Musk‘s company,&nbsp;Neuralink, is set to initiate a new feasibility trial involving its innovative brain implant technology and a robotic arm. This trial aims to explore the safety and effectiveness of Neuralink's&nbsp;wireless <a target="_blank" href="https://www.benzinga.com/tech/24/11/42181583/elon-musks-neuralink-to-launch-new-feasibility-trial-with-brain-implant-and-robotic-arm" rel="noreferrer noopener">brain-computer interface and surgical&nbsp;robot</a>.
Artificial Intelligence (AI)
Tesla&nbsp;and&nbsp;SpaceX&nbsp;CEO&nbsp;Elon Musk&nbsp;has announced that his artificial intelligence startup,&nbsp;xAI, will <a target="_blank" href="https://www.benzinga.com/general/gaming/24/11/42229052/elon-musks-xai-plans-to-make-games-great-again-with-ai-driven-game-studio-can-his-vision-reshape-a-gaming-industry-dominated-by-large-corporations" rel="noreferrer noopener">start an AI-driven game studio</a>.&nbsp;
ChatGPT-maker&nbsp;OpenAI&#8217;s&nbsp;unreleased&nbsp;Sora&nbsp;text-to-video AI model has reportedly been leaked by a group of beta testers <a target="_blank" href="https://www.benzinga.com/24/11/42206104/openais-sora-video-model-leak-exposes-deep-rift-with-artists-unpaid-rd-pr-puppets-and-content-approval-fury-what-you-need-to-know" rel="noreferrer noopener">protesting its handling of artists</a>.
Salesforce, Inc.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) CEO&nbsp;Marc Benioff&nbsp;has warned that the world is reaching the "upper limits" of large language <a target="_blank" href="https://www.benzinga.com/24/11/42156373/marc-benioff-warns-were-near-the-upper-limits-of-llms-the-future-of-ai-lies-in-autonomous-agents-not-bots-like-chatgpt" rel="noreferrer noopener">models (LLMs) like&nbsp;</a><a target="_blank" href="https://www.benzinga.com/24/11/42156373/marc-benioff-warns-were-near-the-upper-limits-of-llms-the-future-of-ai-lies-in-autonomous-agents-not-bots-like-chatgpt" rel="noreferrer noopener">OpenAI&#8217;s ChatGPT</a>.

Tech

AAPL

INTC

MDTKF

MSFT

NTDOY

OTGLY

QCOM

Sony Group Corporation American Depositary Shares

SONY

XIACF

Consumer Tech News (Nov 25-Nov 29): Sony Brings December PS Plus Games, Elon Musk Initiating Trial On Brain Implant Tech & More

HP's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) short percent of float has fallen 14.74% since its last report. The company recently reported that it has 38.06 million shares sold short, which is 4.51% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.42 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>HP Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732906822_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for HP has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing HP's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, HP's peer group average for short interest as a percentage of float is 6.95%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

HSBC analyst Stephen Bersey downgrades HP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) from Buy to Hold and lowers the price target from $39 to $38.

Downgrades

HSBC Downgrades HP to Hold, Lowers Price Target to $38

Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>), and Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) are ramping up their production of electronic components in China. This comes as they prepare for <a href="https://www.benzinga.com/24/11/42178994/trump-says-he-will-impose-25-tariffs-on-canada-mexico-on-first-day-of-office-and-extra-tariffs-on-china-until-they-pay-attention">potential tariff hikes on Chinese imports</a> as President-elect Donald Trump is set to return to the White House in January.
What Happened: These tech giants are accelerating their production efforts in China.&nbsp;Microsoft&nbsp;is pushing suppliers to boost output&nbsp;for its cloud server infrastructure&nbsp;while moving Xbox console assembly out of China. The company also plans to produce as many&nbsp;Surface laptops as possible outside&nbsp;China by the end of&nbsp;next year, Nikkei Asia&nbsp;<a href="https://asia.nikkei.com/Spotlight/Supply-Chain/Microsoft-HP-and-Dell-ramp-up-China-parts-output-before-Trump-s-return">reported</a> on Thursday.
Meanwhile,&nbsp;HP&nbsp;and&nbsp;Dell&nbsp;are urging suppliers to increase parts production this month and next, revisiting their procurement strategies for 2025 to lessen dependency on Chinese-made components. The increased output aims to enhance production in regions not affected by U.S. tariffs, such as Southeast Asia. Suppliers are expanding production capacity and establishing warehouses in Thailand to support&nbsp;HP&#8217;s needs.
Dell&nbsp;is also considering production options outside Vietnam to mitigate geopolitical risks. The tech supply chain is preparing for disruptions, with companies like&nbsp;Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)&nbsp;increasing iPhone production in India.
See Also:&nbsp;<a href="https://www.benzinga.com/24/11/42156817/tesla-rivian-settle-battery-tech-theft-dispute-after-nearly-4-years?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla, Rivian Signal End To 4-Year Legal Battle Over Alleged Trade Secrets Theft</a>
Why It Matters: The decision by these tech companies to ramp up production in China comes amid rising fears of a renewed trade war between the U.S. and China. Recently, President-elect Trump named&nbsp;Jamieson Greer, known for his <a href="https://www.benzinga.com/24/11/42219544/trump-names-china-hawk-jamieson-greer-as-pick-for-trade-representative">tough stance on China,</a> as his pick for U.S. Trade Representative. 
Furthermore, China&#8217;s state media <a href="https://www.benzinga.com/news/global/24/11/42230125/chinas-state-media-commends-apple-tesla-starbucks-for-collaboration-amid-renewed-trade-war-tensions">praised American companies</a> like Apple, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), and Starbucks Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) for their collaboration with Chinese partners, urging U.S. policymakers to consider the willingness of American businesses to engage in economic cooperation.
This praise coincides with Trump&#8217;s announcement of a <a href="https://www.benzinga.com/government/regulations/24/11/42213610/hasbro-best-buy-brace-as-trumps-tariffs-loom-could-retail-margins-hit-rock-bottom">10% tariff on Chinese goods</a>, aimed at addressing the opioid crisis in the U.S., highlighting the complex dynamics at play in U.S.-China trade relations.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/24/11/42206614/polygons-pol-token-outshines-bitcoin-ethereum-in-30-day-gains-top-analyst-anticipates-no-major-selling-pressure-in-days-ahead?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Crypto&#8217;s Next Mega-Rocket? Analyst Forecasts Insane 2725%-6600% Surge For This Coin</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

Global

General

SBUX

TSLA

Microsoft, HP, Dell Race To Ramp Up Production In China As Trump's Tariff Threat Looms Ahead Of His White House Return

Amid rising fears of a new trade war between the U.S. and China, China&#8217;s state media have praised several American companies for their strong partnerships with Chinese counterparts. This development comes as tensions reminiscent of&nbsp;Donald Trump&#8217;s&nbsp;return to presidency resurface.
What Happened: China&#8217;s state-owned Global Times has commended companies such as Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Starbucks Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), and HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) for their collaborative efforts with Chinese partners, according to a Reuters report on Thursday. The publication urged U.S. politicians to consider the willingness of American businesses to engage in economic cooperation by formulating appropriate policies.
In addition, the&nbsp;China Daily&nbsp;highlighted&nbsp;Morgan Stanley&nbsp;for obtaining regulatory approval to expand its operations in China, underscoring the interest of foreign financial firms in the Chinese market. This praise coincides with Trump&#8217;s announcement of&nbsp;a <a href="https://www.benzinga.com/government/regulations/24/11/42213610/hasbro-best-buy-brace-as-trumps-tariffs-loom-could-retail-margins-hit-rock-bottom">10% tariff on Chinese&nbsp;goods, </a>aimed at addressing the opioid crisis in the U.S.
See Also:&nbsp;<a href="https://www.benzinga.com/24/11/42219544/trump-names-china-hawk-jamieson-greer-as-pick-for-trade-representative?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Names China Hawk Jamieson Greer As Pick For Trade Representative</a>
During Trump&#8217;s first term, Chinese media coverage was closely monitored by corporate executives for indications of U.S. firms&#8217; standing. Despite threats of an &#8220;Unreliable Entity List,&#8221; China has not fully implemented it, focusing instead on companies involved in arms sales to Taiwan.
Why It Matters: The recent commendation of U.S. firms by Chinese state media comes in the context of ongoing diplomatic efforts to prevent a trade war. On Nov. 13,&nbsp;<a href="https://www.benzinga.com/startups/24/11/41944793/china-pushes-for-win-win-as-u-s-tariff-threat-looms-what-it-means-for-global-markets">China&#8217;s Ministry of Commerce</a>&nbsp;expressed a desire for &#8220;win-win cooperation&#8221; with the U.S., even as the Trump administration considered imposing tariffs as high as 60% on Chinese imports.
Recently,&nbsp;Tim Cook, CEO of&nbsp;Apple, attended the&nbsp;<a href="https://www.benzinga.com/news/24/11/42182417/tim-cook-joins-us-executives-to-attend-china-expo-as-donald-trump-threatens-extra-tariffs-on-sino-goods">China International Supply Chain Expo</a>&nbsp;on Nov. 26. Cook&#8217;s visit, along with other American business leaders, underscores the significance of the Chinese market for U.S. companies amid potential trade tensions.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/government/regulations/24/11/42144915/china-unveils-global-ai-governance-committee-with-alibaba-cloud-founder-at-the-helm?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">China Unveils Global AI Governance Committee With Alibaba Cloud Founder At The Helm</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Wikimedia Commons

China's State Media Commends Apple, Tesla, Starbucks For Collaboration Amid Renewed Trade War Tensions

U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite falling more than 100 points on Wednesday.
The Dow traded down 0.28% to 44,734.33 while the NASDAQ fell 0.66% to 19,048.75. The S&amp;P 500 also fell, dropping, 0.37% to 5,999.25.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/42188912/jim-cramer-linde-is-a-terrific-company-sees-another-stock-up-75-as-not-done">Jim Cramer: Linde Is A &#8216;Terrific&#8217; Company, Sees Another Stock Up 75% As &#8216;Not Done&#8217;</a>
Leading and Lagging Sectors Real estate shares jumped by 0.9% on Tuesday.
In trading on Tuesday, information technology shares fell by 1.4%.
Top Headline
The US core PCE price index increased by 0.3% month-over-month in October, the same pace as in the previous month, in-line with market estimates.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Urban Outfitters, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>) shares shot up 19% to $47.68 following third-quarter earnings. Citigroup upgraded the stock to Buy following the report.</li>
<li>Shares of Iris Energy Limited &nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>) got a boost, surging 30% to $12.39 on the heels of the company's first-quarter financial results. Multiple analysts raised price targets following the print.</li>
<li>Unusual Machines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMAC#NYSE">UMAC</a>) shares were also up, gaining 74% to $9.30 after the company announced that Donald Trump Jr. has joined its advisory board.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Symbotic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYM#NASDAQ">SYM</a>) shares dropped 38% to $23.02 after the company cut its first-quarter revenue forecast.</li>
<li>Shares of Outlook Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTLK#NASDAQ">OTLK</a>) were down 63% to $1.7999 after the company announced it plans to resubmit the biologics license application for ONS-5010 after reporting preliminary topline results of its Norse eight clinical trial.</li>
<li>HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) was down, falling 13% to $34.21 after the company reported fourth-quarter financial results and issued first-quarter adjusted EPS guidance below estimates.</li>
</ul>
Commodities In commodity news, oil traded down 0.7% to $68.28 while gold traded up 0.7% at $2,638.70.
Silver traded down 0.9% to $30.120 on Wednesday, while copper rose 0.7% to $4.1460.
Euro zone
European shares closed mostly lower today. The eurozone's STOXX 600 slipped 0.19%, Germany's DAX fell 0.18% and France's CAC 40 dipped 0.72%. Spain's IBEX 35 Index fell 0.33%, while London's FTSE 100 rose 0.20%.
The GfK Consumer Climate Indicator for Germany declined to a reading of -23.3 points heading into December, recording the lowest level since May.
Asia Pacific Markets
Asian markets closed mostly higher on Wednesday, with Japan's Nikkei 225 falling 0.80%, Hong Kong's Hang Seng Index gaining 2.32%, China's Shanghai Composite Index climbing 1.53% and India's BSE Sensex gaining 0.29%.
Economics
<ul>
<li>The U.S. economy grew by an annualized rate of 2.8% in the third quarter, the same as in the flash reading, versus 3% in the previous quarter.</li>
<li>U.S. initial jobless claims came in unchanged at 213,000 for the week ending Nov. 23, compared to market estimates of 216,000.</li>
<li>The U.S. goods trade deficit shrank to $99.1 billion in October versus a revised gap of $108.7 billion in the previous month.</li>
<li>U.S. wholesale inventories increased by 0.2% month-over-month to $905 billion in October, compared to a 0.2% decline in the prior month.</li>
<li>The Chicago PMI fell to 40.2 in November compared to 41.6 in September.</li>
<li>U.S. crude oil inventories declined by 1.844 million barrels in the week ended Nov. 22, compared to market estimates of a 1.1 million fall.</li>
<li>U.S. personal income increased by 0.6% month-over-month to $24.96 trillion in October, while personal spending rose by 0.4% to an annualized rate of $20.1 trillion.</li>
<li>The US core PCE price index increased by 0.3% month-over-month in October, the same pace as in the previous month, in-line with market estimates.</li>
<li>U.S. pending home sales rose 2% month-over-month in October compared to a revised 7.5% gain in September.</li>
<li>The total number of active U.S. oil rigs fell by two to 477 rigs this week, Baker Hughes Inc reported.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42210452/top-3-consumer-stocks-that-are-set-to-fly-in-q4">Top 3 Consumer Stocks That Are Set To Fly In Q4</a></li>
</ul>

Equities

Eurozone

Commodities

Intraday Update

IREN

OTLK

UMAC

URBN

Nasdaq Down Over 100 Points; HP Shares Plunge

HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) shares are trading lower Wednesday after the company reported its fourth-quarter financial results and issued guidance for the upcoming quarter that fell short of analyst expectations. Here&#8217;s <a href="https://www.benzinga.com/markets/24/11/42213335/hp-shares-plunge-in-wednesday-pre-market-after-weak-q4-projections">what you need to know.</a>
What To Know: HP posted adjusted earnings per share of 93 cents for the quarter, which matched the consensus estimate. Revenue came in at $14.05 billion, surpassing the $13.99 billion estimate. The company&#8217;s top-line results were up from $13.82 billion reported in the same period last year, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
HP noted that net cash provided by operating activities in the quarter was $1.6 billion. The company also generated $1.5 billion in free cash flow. HP ended the quarter with $7.7 billion in inventory.
In addition to the quarterly results, HP announced a 5% increase in its dividend, raising the quarterly payout from $0.2756 to $0.2894 per share. The increased dividend is payable on Jan. 2 to shareholders of record as of Dec. 11.
HP projected adjusted earnings of 70 cents to 76 cents per share for the first quarter of fiscal 2025, versus estimates of 85 cents per share. For the full fiscal year, the company forecasted earnings between $3.45 and $3.75 per share, compared to estimates of $3.60 per share.
CEO Enrique Lores highlighted revenue growth in the Personal Systems and Print divisions, expressing optimism about the company&#8217;s ability to &#8220;capitalize on the commercial opportunity and lead the future of work.&#8221; 
Analysts responded to the print by maintaining Neutral ratings and adjusting price targets:
<ul>
<li>Barclays analyst Tim Long maintained an Equal-Weight rating and raised the price target from $32 to $35.</li>
<li>TD Cowen analyst Krish Sankar maintained a Hold rating and raised the price target from $32 to $39.</li>
<li>Citigroup analyst Asiya Merchant maintained a Neutral rating and lowered the price target from $37 to $36.50.</li>
</ul>
HP Price Action: HP shares were down 12.5% at $34.17 at the time of writing, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://benzinga.slack.com/archives/D072651PB4K/p1727794380964569"><img loading="lazy" decoding="async" width="1024" height="541" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27131126/HP-1024x541.png" alt="" class="wp-image-667981" style="width:483px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27131126/HP-1024x541.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27131126/HP-300x159.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27131126/HP-768x406.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27131126/HP.png 1443w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/11/42220837/iris-energy-arrowhead-pharmaceuticals-urban-outfitters-and-other-big-stocks-moving-higher-on-wednesday">Iris Energy, Arrowhead Pharmaceuticals, Urban Outfitters And Other Big Stocks Moving Higher On Wednesday</a></li>
</ul>
Image via Shutterstock.

Movers

HP Stock Is Falling Wednesday: What's Going On?

Global markets faced turbulence by midday Wednesday as an unwinding of yen-dollar carry trades drove sharp losses in U.S. equities, with the tech-heavy Nasdaq 100 falling <a href="https://www.benzinga.com/markets">1.2% in intraday trading.</a>
Rising expectations that the Bank of Japan may raise interest rates in December pushed the dollar-yen pair down by 1.5%, marking its steepest drop since late September. This triggered a wave of &#8220;risk-off&#8221; sentiment, pressuring major indices.
The S&amp;P 500 dipped 0.5% by midday, on track to snap a seven-day winning streak, while small caps in the Russell 2000 remained relatively steady. Treasury yields fell significantly as fresh economic data failed to stoke concerns about an imminent change in the Federal Reserve's interest rate path.
The U.S. economy expanded at an annualized 2.8% in the third quarter, according to a second estimate that matched earlier print. October's Personal Consumption Expenditures (PCE) price index, the Fed&#8217;s preferred inflation gauge, also came in line with forecasts, <a href="https://www.benzinga.com/news/global/24/11/42220106/dollar-treasury-yields-stocks-fall-in-tandem-after-october-inflation-uptick">showing a modest uptick.</a>
Traders continue to bet on easier monetary policy, with Fed funds futures pricing in a 70% probability of a 25-basis-point rate cut at the Dec. 18 meeting.
In commodities market, gold inched up by 0.2%, while oil prices fell by 1% to $68 a barrel, heading for a three-day decline. Natural gas plummeted 7%, amid less cold weather forecasts reducing the outlook for heating demand.
Meanwhile, cryptocurrencies reversed their recent losing streak. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rallied nearly 5% to above $96,000, while Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) surged more than 7%, hitting price levels last seen in late June 2024.
<h1 class="wp-block-heading">Wednesday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>Chg %</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,424.01</td>
<td>0.0%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,747.65</td>
<td>-0.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,994.06</td>
<td>-0.5%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,682.38</td>
<td>-1.2%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:00 p.m. EST</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent112524&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) edged 0.4% lower to $598.35.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;eased 0.2% to $448.13.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 1.1% to $503.71.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) inched 0.1% up to $241.01.</li>
<li>The&nbsp;Real Estate Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) outperformed, rising 1%. The&nbsp;Technology Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) lagged, down 1.9%.</li>
</ul>
<h1 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h1>
<ul>
<li>Semiconductor stocks, as tracked by the iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>), witnessed broad-based declines amid rising trade tensions between U.S. and China following Donald Trump&#8217;s pledge to raise tariffs. Micron Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) and Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) were among the weakest performers, with drops of about 4.4%.</li>
<li>Crypto-linked stocks rebounded after sharp drops witnessed a day earlier. Shares of Bit Digital Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTBT#NASDAQ">BTBT</a>) were up 16%, while Riot Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) and MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) were up by 9% and 6%, respectively. </li>
<li>Dell Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NASDAQ">DELL</a>) tumbled by over 11% in reaction to earnings. </li>
<li>Other stocks reacting to quarterly results were Crowdstrike Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>), down 5.1%; Workday Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>), down 5.2%; Autodesk Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>), down 8%; HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>), down 12% and Nutanix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>), down over 6%.</li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42219612/usmexico-trade-tensions-escalate-as-mexican-peso-hits-august-2022-lows-why-is-auto-industry-most-at-risk">US–Mexico Trade Tensions Escalate As Mexican Peso Hits August 2022 Lows: Why Is Auto Industry Most At Risk?</a></li>
</ul>
Photo: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Large Cap

Sector ETFs

Broad U.S. Equity ETFs

Forex

Econ #s

Federal Reserve

ETFs

$BTC

$ETH

ADSK

BTBT

CRWD

SPDR Dow Jones Industrial Average ETF Trust

MARA

MRVL

NTNX

RIOT

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

WDAY

XLRE

Stocks Fall, Yen Eyes Best Day In 2 Months, Bitcoin Rebounds Above $96,000: What's Driving Markets Wednesday?

HP Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) stock traded lower Wednesday after the company reported <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/42203410/hp-stock-drops-after-q4-results-weak-forward-guidance-details" rel="noreferrer noopener">fiscal fourth-quarter</a> financial results and issued fiscal first-quarter adjusted EPS guidance below estimates.
On Tuesday, HP reported revenue of $14.05 billion (versus $13.82 billion a year ago), which beat the analyst consensus estimate of $13.99 billion. The EPS of $0.93 was in line with the analyst consensus estimate.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/11/42209622/apple-faces-modest-growth-as-idc-forecasts-smartphone-market-rebound" rel="noreferrer noopener">Apple Faces Modest Growth As IDC Forecasts Smartphone Market Rebound</a>
HP expects first-quarter adjusted EPS of $0.70 &#8211; $0.76, versus the $0.85 estimate, and fiscal 2025 adjusted EPS of $3.45 &#8211; $3.75, versus the $3.60 estimate.
Multiple Wall Street analysts rerated the stock after the quarterly print.
JP Morgan analyst Samik Chatterjee maintained an Overweight rating on HP with a <a target="_blank" href="https://www.benzinga.com/quote/HPQ/analyst-ratings" rel="noreferrer noopener">price target of $40, down from $41</a>.
Goldman Sachs analyst Michael Ng reiterated a Neutral rating on HP with a price target of $38, up from $35.
JP Morgan: Analyst Chatterjee highlights HP&#8217;s near-term challenges and opportunities in the personal systems (PS) and print segments. Despite known headwinds in the PC market, HP faces additional pressure from competitive pricing as it tries to offset higher memory costs. The company remains optimistic about a mid-single-digit recovery in PC units and increased adoption of AI PCs by enterprise customers in fiscal year 2025, supported by pent-up demand and Windows 11 refresh cycles.
The print segment performed well, generating $4.5 billion, surpassing expectations, while PS revenue came in at $9.6 billion, slightly below consensus. Operating margins were 8.5%, impacted by higher commodity costs and strategic investments.
For fiscal 2025, HP projects full-year revenue growth driven by mid-single-digit increases in PC units and seasonal recovery. However, first-quarter EPS guidance of $0.70 &#8211; $0.76 falls below consensus, reflecting margin pressures and the need for a significant recovery in PC volumes to meet annual targets.
HP&#8217;s print margins improved to 19.6% in the fourth quarter, exceeding internal and external forecasts. Due to cost discipline, the company anticipates print operating margins will remain at the higher end of the 16% &#8211; 19% range in fiscal 2025. Meanwhile, PS margins are expected to climb to the upper half of 5% &#8211; 7%, aided by improved pricing strategies and volume leverage.
Enterprise PC replacement cycles, supported by Windows 10&#8217;s end-of-life in 2025, and increased AI PC adoption are long-term growth drivers. HP&#8217;s supply chain resilience positions it to navigate potential tariff escalations better than peers, ensuring smoother operations.
Chatterjee maintains an Overweight rating on HP, emphasizing medium-term positioning in PS as a key growth driver. Stabilizing gross margins and operating efficiencies are expected to mitigate some margin pressures. The analyst slightly lowered the December 2025 price target, valuing fiscal 2026 EPS at 10x P/E, aligning with historical averages.
HP&#8217;s ability to recover in the PC market and capitalize on enterprise adoption of AI PCs remains critical to achieving long-term targets. While near-term pressures exist, structural improvements in the print and PS segments are expected to provide resilience.
Chatterjee projects first-quarter revenue of $13.47 billion and adjusted EPS of $0.75.
Goldman Sachs: HP delivered fiscal fourth-quarter 2024 EPS of $0.93, aligning with Goldman Sachs (GS) and consensus estimates. Print segment performance offset a modest miss in the Personal Systems (PS) division. Print revenue grew for the first time since fiscal fourth-quarter 2021, increasing 1% to $4.5 billion, surpassing GS and consensus projections of $4.3 billion and $4.2 billion, respectively. This growth stemmed from solid supplies and industrial graphics sales, although pricing pressures persisted.
Print margins reached 19.6%, exceeding guidance and analyst expectations ((GS: 18.5%, XHKG:<a class="ticker" href="https://www.benzinga.com/stock/18#XHKG">18</a>), reflecting a favorable business mix and cost efficiencies. HP expects Print revenue to decline to low single digits (LSD%) in fiscal 2025, aligning with broader market trends, while supply revenue is projected to drop LSD to mid-single digits (MSD%).
In contrast, PS revenue fell to $9.6 billion, missing GS and consensus estimates of $9.8 billion. While consumer PS revenue declined 4%, commercial PS revenue grew 5%, with unit volumes increasing 4%. HP anticipates mid-single-digit (MSD%) growth in the PS segment for fiscal 2025, driven by factors such as Windows 10 end-of-life, a refreshed PC installed base, and the rise of AI PCs, which are expected to comprise 20% of shipments.
HP anticipates more robust performance in the second half of fiscal 2025 as PC demand accelerates, supported by the commercial segment, premium consumer systems, and AI PCs. Commodity cost pressures impacting PS margins are expected to subside in the latter half of the fiscal year, aided by cost reductions and pricing strategies.
Ng remains neutral on HP, raising the 12-month price target based on a 10x P/E multiple. The revised valuation reflects HP&#8217;s market share gains in commercial and premium PC segments. Ng projects first-quarter adjusted EPS of $0.75.
Price Action: HPQ stock is down 12.5% at $34.22 at last check Wednesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/24/11/42213634/symbotic-stock-plummets-26-after-delayed-filing-and-revenue-errors" target="_blank" rel="noreferrer noopener">Robotics Company Symbotic Stock Plummets Over 30% After Delayed Filing And Revenue Errors &#8211; What&#8217;s Going On?</a></li>
</ul>
Image via Shutterstock.

Analyst Color

Reiteration

HP Faces Margin Pressure But Analysts See AI PCs Driving Growth In 2025

U.S. stocks traded lower midway through trading, with the Dow Jones index falling more than 100 points on Wednesday.
The Dow traded down 0.24% to 44,750.49 while the NASDAQ fell 0.96% to 18,991.03. The S&amp;P 500 also fell, dropping, 0.49% to 5,991.97.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/42188912/jim-cramer-linde-is-a-terrific-company-sees-another-stock-up-75-as-not-done">Jim Cramer: Linde Is A &#8216;Terrific&#8217; Company, Sees Another Stock Up 75% As &#8216;Not Done&#8217;</a>
Leading and Lagging Sectors Real estate shares jumped by 1% on Tuesday.
In trading on Tuesday, information technology shares fell by 1.8%.
Top Headline
U.S. crude oil inventories declined by 1.844 million barrels in the week ended Nov. 22, compared to market estimates of a 1.1 million fall.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Urban Outfitters, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>) shares shot up 15% to $46.07 following third-quarter earnings. Citigroup upgraded the stock to Buy following the report.</li>
<li>Shares of Iris Energy Limited &nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>) got a boost, surging 26% to $12.00 on the heels of the company's first-quarter financial results. Multiple analysts raised price targets following the print.</li>
<li>Unusual Machines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMAC#NYSE">UMAC</a>) shares were also up, gaining 82% to $10.08 after the company announced that Donald Trump Jr. has joined its advisory board.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Symbotic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYM#NASDAQ">SYM</a>) shares dropped 40% to $22.44 after the company cut its first-quarter revenue forecast.</li>
<li>Shares of Outlook Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTLK#NASDAQ">OTLK</a>) were down 61% to $1.8900 after the company announced it plans to resubmit the biologics license application for ONS-5010 after reporting preliminary topline results of its Norse eight clinical trial.</li>
<li>HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) was down, falling 13% to $34.10 after the company reported fourth-quarter financial results and issued first-quarter adjusted EPS guidance below estimates.</li>
</ul>
Commodities In commodity news, oil traded up 0.1% to $68.84 while gold traded up 0.7% at $2,640.80.
Silver traded down 0.7% to $30.170 on Wednesday, while copper rose 0.7% to $4.1475.
Euro zone
European shares were mostly lower today. The eurozone's STOXX 600 slipped 0.25%, Germany's DAX fell 0.23% and France's CAC 40 dipped 0.78%. Spain's IBEX 35 Index fell 0.30%, while London's FTSE 100 rose 0.14%.
The GfK Consumer Climate Indicator for Germany declined to a reading of -23.3 points heading into December, recording the lowest level since May.
Asia Pacific Markets
Asian markets closed mostly higher on Wednesday, with Japan's Nikkei 225 falling 0.80%, Hong Kong's Hang Seng Index gaining 2.32%, China's Shanghai Composite Index climbing 1.53% and India's BSE Sensex gaining 0.29%.
Economics
<ul>
<li>The U.S. economy grew by an annualized rate of 2.8% in the third quarter, the same as in the flash reading, versus 3% in the previous quarter.</li>
<li>U.S. initial jobless claims came in unchanged at 213,000 for the week ending Nov. 23, compared to market estimates of 216,000.</li>
<li>The U.S. goods trade deficit shrank to $99.1 billion in October versus a revised gap of $108.7 billion in the previous month.</li>
<li>U.S. wholesale inventories increased by 0.2% month-over-month to $905 billion in October, compared to a 0.2% decline in the prior month.</li>
<li>The Chicago PMI fell to 40.2 in November compared to 41.6 in September.</li>
<li>U.S. crude oil inventories declined by 1.844 million barrels in the week ended Nov. 22, compared to market estimates of a 1.1 million fall.</li>
<li>U.S. personal income increased by 0.6% month-over-month to $24.96 trillion in October, while personal spending rose by 0.4% to an annualized rate of $20.1 trillion.</li>
<li>The US core PCE price index increased by 0.3% month-over-month in October, the same pace as in the previous month, in-line with market estimates.</li>
<li>U.S. pending home sales rose 2% month-over-month in October compared to a revised 7.5% gain in September.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42210452/top-3-consumer-stocks-that-are-set-to-fly-in-q4">Top 3 Consumer Stocks That Are Set To Fly In Q4</a></li>
</ul>

Dow Falls Over 100 Points; US Crude Oil Stocks Decline

TD Cowen analyst Krish Sankar maintains HP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) with a Hold and raises the price target from $32 to $39.

TD Cowen Maintains Hold on HP, Raises Price Target to $39

Black Friday, known for its enticing discounts on the latest technology, may not always deliver the bargains shoppers expect. A recent study by KnownHost revealed that nearly a third of these &#8220;deals&#8221; aren&#8217;t <a href="https://www.benzinga.com/general/psychology/24/11/42196027/amazon-dominates-holiday-shopping-as-black-friday-spending-soars-goldman-sachs">genuine savings at all.</a>
What To Know: An analysis of 65 of the most anticipated Black Friday <a href="https://www.knownhost.com/blog/what-products-have-the-highest-price-hikes-before-black-friday/">tech deals</a> from last year showed that, while 78% of products participated in sales, about 30% experienced price increases before the event to create the illusion of deeper discounts. 
Read Next: <a href="https://www.benzinga.com/news/retail-sales/24/11/42170721/thanksgiving-dinner-gobbles-up-19-more-cash-this-year-many-holiday-hosts-already-regret-their-decision">Thanksgiving Dinner Gobbles Up 19% More Cash This Year, Many Holiday Hosts &#8216;Already Regret Their Decision&#8217;</a>
Only 42% of items had stable prices leading up to Black Friday before significant price drops, representing authentic deals. In comparison; 29% of products saw price hikes before Black Friday, with the average being a 20.5% increase, before dropping on the sale. 
According to the KnownHost report, Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) products were some of the biggest offenders. The largest price hike in the week before Black Friday was Amazon&#8217;s Fire TV Stick, which saw its price double before the sales event. The price of Amazon's Echo Buds rose 46% and the Amazon Fire Max 11 Tablet saw a price increase of 35% in the week before Black Friday. 
Other products that saw large price increases were HP, Inc.'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) HP 14 laptop with a 27% increase and Samsung's Galaxy Z Fold 5 phone up 16%. 
Benzinga has contacted Amazon for comment on the KnownHost report. 
Tech accessories are mostly likely to experience hikes ahead of Black Friday sales, the report showed, followed by headphones, smartwatches and laptops. 
TVs and tablets were the least likely to have seen increased prices leading up to Black Friday, and therefore, the categories where shoppers are most likely to find genuine savings. 
"Black Friday can be as good as it seems with genuine deals still available to save money and get presents just before Christmas, but checking these deals out beforehand is important," KnownHost said in its report.&nbsp;
Read More: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42194570/starbucks-employee-systems-down-after-software-provider-suffers-ransomware-attack">Starbucks&#8217; Employee Systems Down After Software Provider Suffers Ransomware Attack</a></li>
</ul>
Image: Gerd Altmann from Pixabay

Retail Sales

AMZN

Black Friday Discounts Too Good To Be True? Survey Shows Only 42% Of Sales Are Authentic

Citigroup analyst Asiya Merchant maintains HP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) with a Neutral and lowers the price target from $37 to $36.5.

Citigroup Maintains Neutral on HP, Lowers Price Target to $36.5

Barclays analyst Tim Long maintains HP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) with a Equal-Weight and raises the price target from $32 to $35.

Barclays Maintains Equal-Weight on HP, Raises Price Target to $35

Shares of&nbsp;HP Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) experienced a significant decline, falling by 8.08% in pre-market trading on Wednesday, following the release of its fourth-quarter projections that failed to meet market expectations.
HP Inc. reported earnings of $0.93 per share, which aligned with analyst expectations. Revenue reached $14.05 billion, surpassing the consensus estimate of $13.99 billion and marking an increase from the previous year&#8217;s $13.82 billion, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Despite the revenue beat, HP&#8217;s earnings forecast for the fiscal first quarter fell short of analyst predictions. The company anticipates earnings, excluding certain items, to range between 70 cents and 76 cents per share, while analysts expected 86 cents, as <a href="https://www.bloomberg.com/news/articles/2024-11-26/hp-gives-lackluster-profit-outlook-on-slow-pc-market-recovery">per</a>&nbsp;Bloomberg&nbsp;data. For the fiscal year, HP projects profits between $3.45 and $3.75 per share, compared to the average estimate of $3.60.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42197276/anthony-scaramucci-trump-win-is-the-greatest-political-comeback-in-us-history-crypto-surge-following-it-was-3-years-overdue?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Anthony Scaramucci: Trump Win Is &#8216;The Greatest Political Comeback In US History,&#8217; Crypto Surge Following&nbsp;It Was 3 Years Overdue</a>
Enrique Lores, HP&#8217;s CEO, attributed the profit challenges to rising component costs rather than demand issues. He expressed optimism that part prices would decrease over the year. 
Meanwhile, as per <a href="https://pro.benzinga.com/">Benzinga Pro</a>, HP&#8217;s consensus price target is $33.88, with the highest target of $41 from JP Morgan and the lowest of $30 from Wells Fargo.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/24/11/42154628/larry-page-google-co-founder-said-hed-leave-his-fortune-to-elon-musk-over-charity-because-of-his-plans-to-go-to-mars-to-back-up-humanity?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Larry Page, Google Co-Founder, Said He&#8217;d Leave His Fortune To Elon Musk Over Charity Because Of His Plans&nbsp;&#8216;To Go To Mars To Back Up Humanity&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

HP Shares Plunge In Wednesday Pre-Market After Weak Q4 Projections

The increasing tech adoption, coupled with new advancements, is driving solid growth for the industry. Given the industry's rosy outlook, quality tech stocks HP (HPQ), Jabil (JBL), and Photronics (PLAB) with low P/E ratios could be ideal buys. Keep reading... The technology industry's prospects are robust, owing to the consistent innovations and advancements, offering enhanced efficiency and productivity. Companies are increasingly investing in exploring the potential of technologies like AI and cloud-based solutions, which favorably position the market for growth.
Amid this backdrop, investors could consider investing in fundamentally sound tech stocks HP Inc. (<a href="https://stocknews.com/stock/HPQ/">HPQ</a>), Jabil Inc. (<a href="https://stocknews.com/stock/JBL/">JBL</a>), and Photronics, Inc. (<a href="https://stocknews.com/stock/PLAB/">PLAB</a>) with low PE ratios.
Technology is evolving at an accelerating pace, revolutionizing various industries and operations and enhancing products and services. Every now and then, new advancements are introduced to cater to the shifting consumer demands and requirements as consumers want the latest technologies for their work, houses, convenience, and lifestyles.
Technologies like generative AI, robotics, Artificial Intelligence (AI), cloud computing, IoT tech services, and virtual and augmented reality are some of the advances that have significantly impacted modern world. Companies are further investing in technology for the future. <a href="https://www.gartner.com/en/newsroom/press-releases/2024-10-23-gartner-forecasts-worldwide-it-spending-to-grow-nine-point-three-percent-in-2025">Gartner projects worldwide IT spending</a> to total $5.74 trillion in 2025, up 9.3% from 2024.
With this, the generative AI market is projected to reach $36.06 billion in 2024. The market is expected to grow to $356.10 billion by 2030 <a href="https://www.statista.com/outlook/tmo/artificial-intelligence/generative-ai/worldwide">at a CAGR of 46.5%</a>. In global comparison, the United States market is expected to be the largest market, with $11.66 billion in 2024.
Trends including <a href="https://www.weforum.org/publications/top-10-emerging-technologies-2024/digest/">AI for scientific discoveries</a>, privacy-focused technologies, RPAs, blockchain, integrated sensing and communication, and genomics for transplants are contributing to the growth and will shape the market's future expansion.
Therefore, with the technology industry poised for continued growth, investors could lean towards tech stocks with low <a href="https://www.investopedia.com/terms/p/price-earningsratio.asp">P/E ratios</a> to benefit from the wave of tech revolutions. So, let us delve deeper into the stocks mentioned above.
HP Inc. (<a href="https://stocknews.com/stock/HPQ/">HPQ</a>)
HPQ is an international technology company that offers personal computing and other digital access devices, imaging and printing products, and related technologies, solutions, and services. It operates across three segments: Personal Systems; Printing; and Corporate Investments.
In terms of forward non-GAAP P/E, HPQ's 10.18x is 60.6% lower than the industry average of 25.80x. Similarly, the stock's forward EV/EBITDA multiple of 7.81 is 50% lower than the 15.60 industry average. Further, its forward <a href="https://www.investopedia.com/ask/answers/032515/what-considered-favorable-price-sales-ratio.asp#:~:text=The%20Price%2Dto%2DSales%20Ratio,to%20deliver%20%241%20of%20revenue.">Price/Sales</a> of 0.64x is 80.3% lower than the industry average of 3.24x.
On October 30, HPQ announced a new HP Amplify program for partners, HP Amplify AI. It is a customizable program designed to enhance partner capabilities in achieving positive AI outcomes, offering AI guidance, tools, resources, training, and certification.
The company also announced other enhancements, which included new AI-powered tools, refreshed HP Future Ready AI MasterClass content in multiple languages, and global expansion of the HP Business Partner Program.
On September 25, HPQ acquired Vyopta, an Austin-based provider of collaboration management solutions. The acquisition brought extensive expertise and infrastructure to turbocharge the development of HPQ's workforce experience platform and offer more insights and capabilities to customers.
During the fourth quarter that ended October 31, 2024, HPQ's total net revenue rose 4% from the prior quarter to $14.06 billion. The company's non-GAAP earnings from operations of $1.20 billion indicate growth of 10.2% from the quarter-ago value.
Furthermore, the company's non-GAAP net earnings came in at $900 million or 0.93 per share, up 9.9% and 12% quarter-on-quarter, respectively.
For the fiscal 2025 first quarter, HPQ projects non-GAAP net EPS to be in the range of $0.70 to $0.76. For the full fiscal 2025, the company expects non-GAAP net EPS between $3.45 and $3.75.
Analysts expect HPQ's revenue for the second quarter (ending April 2025) to increase 1.9% year-over-year to $13.05 billion, while the company's EPS for the same quarter is expected to grow 4.2% year-over-year to $0.85. Also, HPQ topped the consensus revenue estimates in three of the trailing four quarters.
Shares of HPQ have surged 3.2% over the past six months and 25.5% over the past year to close the last trading session at $36.45.
HPQ's solid outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
HPQ has a B grade for Value, Momentum, and Quality. Within the B-rated <a href="https://stocknews.com/category/technology-hardware/">Technology - Hardware</a> industry, HPQ is ranked #8 out of 40 stocks.
<a href="https://stocknews.com/stock/HPQ/">Click here</a> to access additional HPQ ratings for Sentiment, Growth, and Stability.
Jabil Inc. (<a href="https://stocknews.com/stock/JBL/">JBL</a>)
JBL provides manufacturing services and solutions globally. The company operates in two segments: Electronics Manufacturing Services and Diversified Manufacturing Services. It provides electronics design, production, and product management services, and electronic circuit design services.
JBL's forward non-GAAP P/E of 15.55x is 39.7% lower than the 25.80x industry average. Similarly, the stock's forward Price/Sales and Price/Book of 0.56x and 8.80x are considerably lower than the respective industry averages of 3.24x and 4.60x.
On November 14, JBL signed a MoU with the Gujarat state government, which took place in Gandhinagar in the presence of Gujarat Chief Minister Bhupendra Patel. The agreement follows a MoU signing with the Tamil Nadu state in September 2024. The MoUs reflect JBL's intentions to expand its footprint in India and explore long-term goals and opportunities.
Also, on November 12, JBL and Cyferd Inc., a pioneering AI company specializing in data technology, announced a joint venture, ID8 Global. The joint venture is aimed at introducing a generative AI-driven, autonomous supply chain, and procurement software platform to transform how industries manage complex logistics, procurement, and operations globally.
JBL reported net revenue of $28.88 billion for the fiscal year ended August 31, 2024 and its gross profit was $2.68 billion for the same year. The company's operating income grew 31% from the year-ago value to $2.01 billion. Also, the company's adjusted free cash flow rose 2.8% year-over-year to $1.06 billion.
Furthermore, net income and EPS attributable to JBL amounted to $1.39 billion and $11.17, reflecting increases of 69.7% and 85.5% from the prior year, respectively.
As per the first quarter fiscal 2025 outlook, JBL expects net revenue of $6.30 billion to $6.90 billion, and its core operating income is expected to be $304 million to $364 million. Also, its core earnings per share is set at $1.65 - $2.05.
For the full fiscal 2025, the company projects a net revenue of $27 billion, and core EPS is expected to be $8.65. Its adjusted free cash flow is forecasted at $1.20 billion.
Analysts expect JBL's revenue and EPS for the third quarter (ending May 2025) to increase 0.7% and 20.1% year-over-year to $6.81 billion and $2.27, respectively. Moreover, the company topped the consensus EPS and revenue estimates in three of the trailing four quarters.
Shares of JBL have gained 15.3% over the past six months and 17.2% over the past year to close the last trading session at $135.19.
JBL's sound fundamentals are reflected in its POWR Ratings. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
The stock has an A grade for Momentum. It also has a B grade for Value, Growth, Quality, and Sentiment. Within the B-rated <a href="https://stocknews.com/category/technology-services/">Technology - Services</a> industry, JBL is ranked #5 of 78 stocks.
<a href="https://stocknews.com/stock/JBL/">Click here</a> to access all ratings of JBL.
Photronics, Inc. (<a href="https://stocknews.com/stock/PLAB/">PLAB</a>)
PLAB is engaged in the manufacture and sale of photomask products and services internationally. The company offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs) and to transfer circuit patterns onto semiconductor wafers and FDP substrates.
In terms of forward non-GAAP P/E, PLAB is trading at 12.18x, 52.8% lower than the industry average of 25.80x. Also, the stock's forward EV/EBIT multiple of 6.14 is 71.8% lower than the industry average of 21.73. Further, its forward Price/Sales of 1.86x is 42.6% lower than the industry average of 3.24x.
During the third quarter that ended July 28, 2024, PLAB reported revenue of $210.98 million, and its gross profit came in at $75.14 million. Also, net income attributable to PLAB was $34.39 million, up 27.6% year-over-year. The company's EPS grew 25% from the year-ago value to $0.55.
In addition, as of July 28, 2024, the company's cash and cash equivalents stood at $537.33 million, compared to $499.29 million as of October 31, 2023.
According to the company's guidance for the fourth quarter of fiscal 2024, PLAB expects revenue between $213 million and $221 million. Also, it projects non-GAAP net income attributable to PLAB shareholders to range from $0.48 to $0.54 per share.
Street expects PLAB's revenue for the second quarter (ending April 2025) to grow 6% year-over-year to $230 million and its EPS is expected to grow 15.2% year-over-year to $0.53 for the same quarter. For the fiscal year (ending October 2025), the company's revenue and EPS are expected to increase 9% and 5.8% from the prior year to $940 million and $2.20, respectively.
Over the past month, PLAB's stock has surged 8.4% and 20.9% over the past year to close the last trading session at $25.34.
PLAB's POWR Ratings reflect its bright prospects. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
PLAB has a B grade for Value and Quality. It is ranked #3 out of 90 stocks in the <a href="https://stocknews.com/category/semiconductor-wireless-chip/">Semiconductor &amp; Wireless Chip</a> industry.
In addition to the POWR Ratings we've stated above, we also have PLAB's other ratings for Momentum, Stability, Sentiment, and Growth. Get all PLAB ratings <a href="https://stocknews.com/stock/PLAB/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
HPQ shares were trading at $36.71 per share on Tuesday afternoon, up $0.26 (+0.71%). Year-to-date, HPQ has gained 25.08%, versus a 28.02% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/hpq-jbl-plab-top-3-tech-stocks-with-low-p-e-ratios-to-buy/>Top 3 Tech Stocks With Low P/E Ratios to Buy Now</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Top 3 Tech Stocks With Low P/E Ratios to Buy Now

On December 19, 2024, the U.S. International Trade Commission voted to institute an investigation of certain smart televisions. The products at iss...

USITC to investigate certain smart TVs from Dell, HP, Lenovo

Insider trades: Berkshire adds OXY, Nvidia & Salesforce among notable names this week

Insider trades: OXY, Nvidia & Salesforce among notable names this week

Lenovo Turning To AI To Drive A New Chapter Of Growth

Dividend Champion, Contender, And Challenger Highlights: Week Of December 29

From fueling AI advancements to revolutionizing cutting-edge consumer electronics, tech hardware stocks are at the core of digital transformation. Thus, it might be wise for investors to consider quality tech hardware stocks, such as Apple (AAPL), NetApp (NTAP), and HP (HPQ). Continue reading… Tech hardware stocks are at the forefront of innovation, driving advancements in computing, communication, and consumer electronics. The companies in this sector are benefiting from the rapid adoption of technologies like Artificial Intelligence (AI), 5G, and the Internet of Things (IoT).
Given this backdrop, it could be wise for investors to look into fundamentally strong tech hardware stocks Apple Inc. (<a href="https://stocknews.com/stock/AAPL/">AAPL</a>), NetApp, Inc. (<a href="https://stocknews.com/stock/NTAP/">NTAP</a>), and HP Inc. (<a href="https://stocknews.com/stock/HPQ/">HPQ</a>) for potential gain.
Consumer electronics manufacturers are thriving as they integrate advanced technologies into their products. Advancements in digital and electronics technologies now <a href="https://www.globenewswire.com/news-release/2024/10/02/2956742/28124/en/AI-and-Electronics-Technologies-Transforming-the-Consumer-Electronics-Industry-Empowering-Consumer-Devices-with-Instant-Processing-and-Enhanced-Privacy-at-the-Edge.html">focus on sustainability issues and improve functionality</a>, user experiences, connectivity, integration, miniaturization, and advanced sensors.
Companies are meeting growing consumer demand for connected and intelligent gadgets, from smart home devices to wearable tech. Moreover, the global electronics components market is projected to reach $368.40 billion by 2032, <a href="https://www.precedenceresearch.com/electronic-components-market">growing at a CAGR of 6.8%</a>.
Further, the global IT hardware market is anticipated <a href="https://www.mordorintelligence.com/industry-reports/global-it-hardware-market">to reach $191.03 billion by 2029</a>, exhibiting a CAGR of 7.9%. The tech hardware sector is well-positioned to capitalize on long-term trends such as digital transformation and automation.
Considering these conducive trends, let's examine the fundamentals of the three best <a href="https://stocknews.com/category/technology-hardware/">Technology - Hardware</a> stocks, starting with the third choice.
Stock #3: Apple Inc. (<a href="https://stocknews.com/stock/AAPL/">AAPL</a>)
AAPL designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company's product offerings include iPhones, Macs, iPads, AirPods, Apple Watch, Apple TV, Beats products, and HomePod. It also provides DarwinAI, which specializes in visual quality inspection through its Explainable AI platform.
On December 8, AAPL announced the expansion of its retail in the Kingdom of Saudi Arabia. The launch of the Apple Store online will begin in the summer of 2025, followed by the opening of the first of several flagship Apple Store locations starting in 2026. This expansion should help the company expand its global footprint in Saudi Arabia.
On October 30, AAPL announced the launch of M4 Pro and M4 Max, two new chips that bring more power-efficient performance and advanced capabilities to the Mac. This new launch will help the company strengthen its position as an industry giant and enhance its growth prospects further.
AAPL's total <a href="https://www.investopedia.com/terms/n/netsales.asp">net sales</a> for the fourth quarter (ended September 28, 2024) increased 6.1% year-over-year to $94.93 billion. The company reported a gross margin of $43.88 billion, indicating an 8.5% growth from the prior year quarter. AAPL's net income came in at $14.74 billion, and its earnings per share stood at $0.97.
The consensus revenue estimate of $124.41 billion for the fiscal first quarter (ending December 2024) represents a 4% increase year-over-year. The consensus EPS estimate of $2.36 for the same quarter indicates an 8.1% improvement year-over-year. The company has an excellent surprise history; it surpassed the consensus revenue and EPS estimates in each of the trailing four quarters.
Over the past nine months, the stock has surged 47.5%, closing the last trading session at $255.59.
AAPL's stance is apparent in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an A grade for Quality and a B for Momentum. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
Among the 41 stocks in the <a href="https://stocknews.com/category/technology-hardware/">Technology - Hardware</a> industry, it is ranked #19. <a href="https://stocknews.com/stock/AAPL/">Click here</a> to see the additional AAPL ratings (Growth, Value, Stability, and Sentiment).
Stock #2: NetApp, Inc. (<a href="https://stocknews.com/stock/NTAP/">NTAP</a>)
NTAP is an intelligent data infrastructure company that provides a range of enterprise software, systems, and services that customers use to transform their data infrastructures in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments: Hybrid Cloud and Public Cloud.
On December 1, NTAP announced NetApp on-premises enterprise storage arrays for AWS Outposts, a new integrated solution. This integrated solution will allow AWS Outposts customers to simplify, optimize cloud deployments on-premises, and increase resiliency for hybrid cloud deployments by combining NetApp's unified data storage and intelligent services.
On November 11, NTAP announced the expansion of its collaboration with Red Hat, Inc., the world's leading provider of open-source solutions, to offer new solutions and to streamline and deliver increased flexibility in enterprise application development management in virtual environments. 
In this collaboration, NTAP's intelligent data infrastructure combined with Red Hat OpenShift will simplify and make it faster for customers to adopt and manage their virtualized environments with mobility and security.
For the fiscal 2025 second quarter that ended on October 25, 2024, NTAP's net revenues increased 6.1% year-over-year to $1.66 billion. The company's gross profit came in at $1.18 billion, reflecting an increase of 6% from the prior-year quarter.
Its non-GAAP income from operations grew 13.4% from the same period last year to $475 million. In addition, its non-GAAP net income amounted to $493 million and $1.87 per share, reflecting increases of 16% and 18.4% year-over-year, respectively.
Street expects NTAP's revenue for the fiscal fourth quarter (ending April 2025) to increase 5.5% year-over-year to $1.76 billion. Moreover, its EPS estimate of $1.99 for the same period indicates a 10.4% year-over-year growth. In addition, it surpassed the consensus revenue and EPS estimates in each of the trailing four quarters, which is impressive.
NTAP shares have surged 32% over the past year and 11.2% over the past nine months to close the last trading session at $116.96.
NTAP's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It also has an A grade for Quality and a B for Momentum. Within the Technology - Hardware industry, it is ranked #14. <a href="https://stocknews.com/stock/NTAP/">Click here</a> to see NTAP's ratings for Growth, Value, Stability, and Sentiment.
Stock #1: HP Inc. (<a href="https://stocknews.com/stock/HPQ/">HPQ</a>)
HPQ is a global provider of personal computing and other digital access devices, imaging and printing products, and related technologies, solutions, and services. The company operates through three segments: Personal Systems; Printing; and Corporate Investments. 
On September 25, HPQ announced the completion of its acquisition of Vyopta, an Austin-based provider of collaboration management solutions. This acquisition brings HPQ, Vyopta's extensive expertise and infrastructure, to turbocharge the development of HP's Workforce Experience Platform. It will also help accelerate and expand HPQ's capabilities, including space and application management.
During the fourth quarter of 2024, which ended on October 31, HPQ's total net revenue increased marginally year-over-year to $14.10 billion. Its net income amounted to $906 million. Also, the company's non-GAAP EPS for the quarter rose 3.3% from the year-ago value to $0.93.
Analysts expect HPQ's revenue for the second quarter (ending April 2025) to increase marginally year-over-year to $13.05 billion, while its EPS for the same period is expected to grow 4.2% from the prior year to $0.85. Moreover, it topped Street revenue estimates in three of the trailing four quarters, which is promising.
The stock has gained 10.5% over the past nine months to close the last trading session at $33.28.
It's no surprise that HPQ has an overall rating of B, equating to a Buy in our POWR Ratings system. It has a B grade for Value, Momentum, and Quality. Out of 41 stocks in the same industry, HPQ is ranked #7.
Beyond what is stated above, we've also rated HPQ for Growth, Stability, and Sentiment. Get all HPQ ratings <a href="https://stocknews.com/stock/HPQ/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
AAPL shares were trading at $253.21 per share on Monday afternoon, down $2.38 (-0.93%). Year-to-date, AAPL has gained 32.16%, versus a 25.87% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: ShreyaRathi</h2> <img src='https:/wp-content/uploads/2024/10/0.jpeg' style="float:left; padding:5px;width:125px;"><a href="https://stocknews.com/authors/?author=shreya-rathi">More...</a>The post <a href=https://stocknews.com/news/aapl-hpq-ntap-3-tech-hardware-stocks-driving-innovation/>3 Tech Hardware Stocks Driving Innovation</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Tech Hardware Stocks Driving Innovation

In a report released today, Toni Sacconaghi from Bernstein maintained a Hold rating on HP (HPQ – Research Report), with a price target of $34.00. T...

Bernstein Reaffirms Their Hold Rating on HP (HPQ)

Bernstein analyst Toni Sacconaghi raised the firm's price target on HP Inc. to $34 from $32 and keeps a Market Perform rating on the shares as part...

HP Inc. price target raised to $34 from $32 at Bernstein

Nvidia, AMD vie for AI supremacy with latest offerings at CES

ALLE

ARES

AVGO

BANF

BKUTK

BPOP

CADE

CFFI

CHDN

CHRW

COFS

CSCO

CSGS

CSWC

CTBI

CTRE

CUBE

EFSC

ENSG

EPRT

FCPT

Comments

HP

Noticias

Últimas noticias sobre HP (NYSE:HPQ) Bolsa

La gente también mira

Noticias

SOCIO/CONTRIBUIDOR

BENZINGA GLOBAL