Buy Hp Stock
HP's (HPQ 2.46%) stock rose 4% on June 1 after the PC and printer maker posted its second-quarter earnings report. Its revenue rose 4% year-over-year to $16.5 billion, which beat analysts' estimates by $310 million.
buy hp stock
HP's growth rates seem tepid, but investors often own its stock for stability and income instead of aggressive gains. Should investors buy HP's stock as rising interest rates drive investors away from riskier assets?
HP is an ideal tech stock to own during a market downturn because it's firmly profitable, generates plenty of cash, and plows its FCF into generous buybacks and dividends. It's also incredibly cheap at eight times forward earnings.
That's probably why Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) acquired more than 11% of HP earlier this year -- and why investors should follow the Oracle's lead and accumulate some shares of this safe haven stock.
Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Berkshire Hathaway (B shares) and HP. The Motley Fool recommends the following options: long January 2023 $200 calls on Berkshire Hathaway (B shares), short January 2023 $200 puts on Berkshire Hathaway (B shares), and short January 2023 $265 calls on Berkshire Hathaway (B shares). The Motley Fool has a disclosure policy.
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Growth stocks have crashed. The time to buy is when there is blood on the streets, when no one else wants to buy. I have provided for Best of Breed Growth Stocks subscribers the 2022 Tech Stock Crash List, the list of names I am buying amidst the tech crash.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Valuing HP stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of HP's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Recently HP has paid out, on average, around 27.55% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.72% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), HP shareholders could enjoy a 3.72% return on their shares, in the form of dividend payments. In HP's case, that would currently equate to about $1.012 per share.
Berkshire purchased nearly 121 million shares of HP, according to securities filings. That stake was worth roughly $4.2 billion based on Wednesday's closing price for the stock, amounting to a holding of about 11%.
After largely sitting on the sidelines in the early days of the Covid pandemic, Berkshire has become more active in recent months. The conglomerate announced a deal to buy insurance company Alleghany for $11.6 billion last month and has been scooping up shares of energy stock Occidental Petroleum.
HP joins elite company among rare tech holdings for Buffett, who has famously avoided most stocks in the sector for not fitting his value investing style. Apple is Berkshire's single biggest outside holding and one of Buffett's best investments ever, reaping billions for Berkshire since the conglomerate started buying in 2016.
I bought my first stock in 1966 and then obtained my BS in banking in 1971 and MBA in corporate finance in 1972 from NYU. A study cycles began in the same year. A 9-year psychotherapeutic training apprenticeship followed. Many of my concepts concerning crowd psychology derive from this period. From 1972 to 1990, I worked on both the buy and the sell sides of Wall Street. From 1990 to 2004, I was a technology fund manager, strategist, and a member of the currency hedging committee with the Abu Dhabi Investment Authority. Since 2004, I have operated a service from Vienna, Austria. I am a member of the Kenos Circle, a Vienna-based group of futurists. I combine fundamentals with cycles through unique software as an aid in market forecasting. The influence of cycle theorists such as Ed Dewey, Charles Jayne, George Lindsay, and R.N. Elliott have been most valuable.
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I am a seasoned freelance financial journalist reporting for a variety of publications across the globe. I was formerly a stocks and commodities reporter - and editor of print and online foreign currency coverage - at Shares Magazine, providing information and analysis for readers to make sound investment decisions in the UK and overseas. I was also a regular contributor to the magazine's extensive catalogue of bookazines and trading guides. Prior to this I was a reporter with the BaseMetals.com and TheBullionDesk.com newswires, breaking the latest news and providing in-depth analyses of the base and precious metals markets.
The tech sector has been on a roller-coaster ride over the past few years. However, hardware stocks like HP Inc. (NYSE:HPQ) have been exhibiting more modest price movements. HP is a well-known computer and printer manufacturer on a global scale, known for producing quality products. While currently trading at an inexpensive valuation, the company is experiencing some growth challenges. Therefore, I am neutral on the stock.
HP Inc. is currently trading at inexpensive valuation multiples, offering investors an interesting value opportunity. HPQ trades at 7.1x price/earnings (non-GAAP), 6.4x price/cash flow, and 0.5x price/sales. On all accounts, the stock is inexpensively valued compared to peers, while the majority of the forecasted decline in sales and earnings in the near term appears to be priced in.
But do short-term boons like an investment from Warren Buffett and a scheme of dividends and share buybacks mask longer-term difficulties? The latest HP stock forecast 2022 suggests the party might be over.
In the recent past, HP has tended to outperform rivals in the computer and hardware sector. The stock has risen nearly 30% in the last 12 months, while the computer sector has contracted more than 10% over that time, according to MarketBeat data.
A HP stock technical analysis at the time of writing (8 June) revealed bullish sentiment. While a relative strength index (RSI) reading of 53 was broadly neutral, the stock was trading above its 10, 20, 30 and 50-day moving averages (MA), indicating an upward price trend.
Long noted some positives to the stock may be found if the company can continue to realise strong growth in its key areas like instant ink and industrial graphics, and realise new revenues in emerging markets like 3D printing.
Meanwhile Tim Long of Barclays upgraded the stock to $32 from a previous target of $29 but, based on his analysis outlined earlier, it was still based on projections that HP stock would fall, with a downside of 17.61% on report date. 041b061a72