Credit Suisse Maintains Neutral on HP, Lowers Price Target to $31
Credit Suisse analyst Shannon Cross maintains HP (NYSE:HPQ) with a Neutral and lowers the price target from $33 to $31.
Traders Eye FOMC Minutes As Nasdaq, S&P 500 Futures Show Indecision Ahead Of Thanksgiving — Tesla Extends Gains, Deere, HP In Focus
The U.S. index futures are pointing to a modestly positive start by Wall Street stocks ahead of the Thanksgiving holiday.
HP Decides To Let Go Of 4K – 6K Employees After 11% Revenue Decline In Q4; Likely To Save $1.4B In Costs By FY25
HP Inc (NYSE:HPQ) announced an FY23 Future Ready Transformation plan, driving significant structural cost savings through digital transformation, portfolio optimization,…
HP Joins The Mega Tech Layoff Frenzy; Here’s A Look At Recent Price Target Cuts By The Most Accurate Analysts
HP Inc. (NYSE: HPQ) announced plans to reduce up to 6,000 jobs by the end of fiscal 2025. The company reported a 11% drop in revenue for the fourth quarter and also issued weak profit forecast for the current quarter.
HP raised its quarterly dividend from $0.25 to $0.2625 per share.
HP, Deere And 3 Stocks To Watch Heading Into Wednesday
With US stock futures trading mixed this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
HP Q4 EPS $0.85 Down From $0.94 YoY, Sales $14.80B Down From $16.68B YoY
HP (NYSE:HPQ) reported quarterly earnings of $0.85 per share. This is a 9.57 percent decrease over earnings of $0.94 per share from the same period last year. The company reported $14.80 billion in sales this quarter.
Looking Into HP’s Recent Short Interest
HP's (NYSE:HPQ) short percent of float has fallen 10.53% since its last report. The company recently reported that it has 31.91 million shares sold short, which is 3.57% of all regular shares that are available for trading.
Earnings Scheduled For November 22, 2022
Companies Reporting Before The Bell
• Gaotu Techedu (NYSE:GOTU) is expected to report earnings for its third quarter.
Fear & Greed Index Remains In Greed Zone Ahead Of Earnings
The CNN Money Fear and Greed index remained in the "Greed" zone after US stocks dropped Monday to start the holiday-shortened trading week.
Investors were concerned that China may tighten covid-19 restrictions after recording deaths related to the virus.
Investors also continued to monitor comments from Federal Reserve officials.
Best Buy, Dollar Tree And 3 Stocks To Watch Heading Into Tuesday
With US stock futures trading slightly lower this morning on Tuesday, some of the stocks that may grab investor focus today are as follows: