Will Hewlett-Packard Move Higher After Recent Headlines?
With shares of Hewlett-Packard (NYSE:HPQ) trading around $28, is HPQ an OUTPERFORM, WAIT AND SEE, or STAY AWAY? Let’s analyze the stock with the relevant sections of our CHEAT SHEET investing framework:
T = Trends for a Stock’s Movement
Hewlett-Packard provides products, technologies, software, solutions, and services to individual consumers, small and medium businesses, and large enterprises worldwide. The company offers commercial notebooks and desktops, consumer notebooks, desktops, software, and services for the commercial and consumer markets. The services segment provides consulting, outsourcing, and technology services to infrastructure, applications, and business process domains. The diverse technological products and services offered by Hewlett-Packard make it a leading provider that sees increased demand through global expansion.
Hewlett-Packard Company is reportedly planning to launch a big and less expensive smartphone (also called “phablet”) as the company had been discussing its re-entry to the mobile industry for more than a year now. According to report from The Information, the PC maker aims to introduce 6-inch and 7-inch smartphones for consumers in emerging markets including China, India, and the Philippines. The mobile devices will be sold at around $200 to $250 without carrier contract.