Avg Daily Volume: 12,694,614 Market Cap: 29.17B Sector: Technology Short Interest: 1.11 |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .51 REV: 13,970/M
___________________________________________________________
LAST QTR: EPS: .51/share ACTUAL: .52/share (BEAT)
____________________________________________________________
NEXT QTR: EPS: .55/share REV: 14,700/M
______________________________________________________
FY19: EPS: 2.15/share REV: 58,860/M
______________________________________________________
*These are the base metrics we will be watching against the actual release numbers
BEAT/MISS HISTORY: 67% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (3 QTRS %) -18.9, -1.92, -3.85
POTENTIAL JUMP MOVE: 6-10%
Links To Latest News and Headlines
Nearly every U.S. consumer¹ now eligible for financing their favorite HP products on HP.comNews Highlights: Empowers U.S. consumers with purchasing power to acquire technology needed to work, live and playOffers financing options for various plan terms to qualified buyers or lease-to-own with no credit neededPositions HP as tech leader with consumer financing options for PCs, printers and peripherals PALO ALTO, Calif., July 25, 2024 (GLOBE NEWSWIRE) — Today HP Inc. (NYSE: HPQ) announced new, co
In the latest trading session, HP (HPQ) closed at $37.82, marking a +0.29% move from the previous day.
HP (HPQ) closed at $37.71 in the latest trading session, marking a -0.82% move from the prior day.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does HP (HPQ) have what it takes? Let’s find out.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Analysis and trade direction are uploaded generally between noon and 1pm EST for most events. ALWAYS check back near market close for updates as the analysis can change by end of session.
“I’m sorry, this content is for members only. To access this content, you must log in with your membership credentials – OR if you are not a member yet, visit our registration page here and get signed up Looking forward to having you on-board ASAP”
StockJumpers trajectory analysis reveals a negative market reaction to the earnings release. We were expecting to see a pop on the news on a beat, but like last quarter the stock fell in a big way even on a beat. They tend to be in-line on the metrics from their guidance and investors are more concerned about what they forecast going forward and any headwinds.
NOTE: The broad market is down 350 points
We are SHORT for this event, but think any down move will bounce back.
___________________
TRADE PLAN:
ENTRY: SELL (revised to HOLD)
STOP LOSS: 5%
TAKE PROFIT: 7%
___________________
UPDATE: (2:42PM) Our recent models show a bounce up post release and any initial drop may be short lived. The safest play is to stay on the sidelines until the release, and go long on any dip.
POST RELEASE ACTION: we are long on HPQ
[/mepr-sh
This area reserved for subscribers to the Options Intelligence Strategy. If this is something you wish to participate in, just let us know below.
NOTE: There is a significant amount of data behind the scenes in getting to the analysis in the tab above. Too much information for traders only confuses things – so this is striped down to only what it needed to make the best possible decision(s) on trading the trajectory.