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
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LAST QTR: EPS: .51/share ACTUAL: .52/share (BEAT)
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NEXT QTR: EPS: .55/share REV: 14,700/M
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FY19: EPS: 2.15/share REV: 58,860/M
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*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
HP (HPQ) concluded the recent trading session at $36.23, signifying a -0.63% move from its prior day’s close.
Key Insights Given the large stake in the stock by institutions, HP’s stock price might be vulnerable to their trading…
We recently compiled a list of the 10 Best 3D Printing Stocks To Buy Right Now. In this article, we are going to take a look at where HP Inc. (NYSE:HPQ) stands against the other 3D printing stocks to buy right now. When 3D printing first became mainstream, it was rumored that the technology could bring […]
On September 30, 2024, State Street Corp made a significant addition to its investment portfolio by acquiring 3,926,690 shares of HP Inc (NYSE:HPQ). This transaction increased State Street Corp’s total holdings in HP to 51,804,957 shares, marking a notable expansion in their stake. The shares were purchased at a price of $35.87 each, reflecting a strategic move by the firm to bolster its position in the technology sector.
The latest trading day saw HP (HPQ) settling at $37.44, representing a +1.16% change from its previous close.
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.
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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.
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TRADE PLAN:
ENTRY: SELL (revised to HOLD)
STOP LOSS: 5%
TAKE PROFIT: 7%
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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
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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.