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HP (HPQ) in Focus: Stock Moves 6.4% Higher
HP Inc. (HPQ - Free Report) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. (This continues the recent uptrend for the company—as the stock is now up 11.5% in the past one-month time frame.
The move came after the company delivered a better than expected profit forecast in its annual analyst meeting. The company also expects to have at least $3 billion in free cash flow for the year 2018.
The company has seen no estimate revisions over the past few weeks and the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
HP currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
HP Inc. Price
HP Inc. Price | HP Inc. Quote
Another player in the Computer - Mini computers industry, which looks attractive at current levels is Apple Inc. (AAPL - Free Report) , which has the same Zacks Rank as HP. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is HPQ going up? Or down? Predict to see what others think: Up or Down
5 Trades Could Profit "Big-League" from Trump Policies
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