Mission Wealth Management LP and
Greenwood Capital Associates have recently invested in
HP Inc. (NYSE:HPQ). At the same time, various tech investors are suggested to consider HP due to its
P/E ratio under 15. Despite HP's recent surge, the stock still marks attractiveness.
Norden Group LLC and
J.W. Cole Advisors Inc. also have increased their stakes. Noteworthy is that 79% of HP Inc.'s owners are institutional investors. The company's Q1 earnings and predictions for Q2 have been in the spotlight. After beating earnings and revenue estimates in Q2, the stock faced an uphill trajectory. HP's partnership with NVIDIA for generative AI computing is considered a strong AI growth catalyst, along with strong AI presence being a positive signal. However,
David Einhorn bets on HP and considers HP stock as a top long-term value stock. Interestingly, HP Inc. found a new AI growth catalyst concerning its share price that is potentially 44% above its intrinsic value. On the downside, director Robert Bennett sold 67,000 shares of HP Inc. Its stock sunk despite market gains. Beware of falling into the HP stock dividend trap ahead of Q2 earnings report.
Hp HPQ News Analytics from Fri, 03 Nov 2023 17:13:14 GMT to Sun, 07 Jul 2024 12:29:15 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor 4
