HP Inc. ($HPQ) Stock Forecast: Up 3.9% Today

What is HP Inc.?

HP Inc. (NYSE: HPQ) is a leading technology company known for its range of personal computing and printing products. The company is set to announce its fourth-quarter fiscal 2024 earnings on November 26, 2024.

Why is HP Inc. going up?

HPQ stock is up 3.9% on Nov 11, 2024 16:41

• The strong bullish movement in HPQ stock today could be attributed to anticipation and optimism surrounding the upcoming earnings announcement.
• Investors may be reacting positively to the news of the live audio webcast conference call to review the financial results, indicating confidence in the company's performance.
• The market movement suggests that there is a heightened interest in HP Inc.'s financial health and future outlook, driving the stock price higher as investors position themselves ahead of the earnings release.

HPQ Price Chart

HPQ Technical Analysis

HPQ News

HP Inc. to Announce Fourth Quarter Fiscal 2024 Earnings on Nov 26, 2024

PALO ALTO, Calif., Nov. 05, 2024 ( GLOBE NEWSWIRE ) -- HP Inc. ( NYSE: HPQ ) will present a live audio webcast of a conference call to review financial results for the fourth fiscal quarter and fiscal year ended October 31, 2024 on Tuesday, Nov 26, 2024 at 5:30 p.m. ET / 2:30 p.m. PT.

https://www.globenewswire.com/news-release/2024/11/05/2975237/0/en/HP-Inc-to-Announce-Fourth-Quarter-Fiscal-2024-Earnings-on-Nov-26-2024.html

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HP Inc. Price History

29.07.2024 - HPQ Stock was up 3.9%

• HP Inc. outperformed revenue expectations in Q3, particularly in its Personal Systems division, despite a decline in Printing net revenue.
• While the cautious FY24 outlook may have initially affected investor sentiment, the overall strong performance in Q3 likely provided reassurance to investors.
• The recent Form 8-K SEC filing potentially contained updates or information that positively impacted market perception, contributing to the bullish movement.
• Despite the mixed results and outlook, HPQ's adept handling of challenges and sustained growth in key segments likely played a role in the stock's bullish momentum.

11.10.2024 - HPQ Stock was up 3.9%

• The strong bullish movement in HPQ stock today could be attributed to anticipation and optimism surrounding the upcoming earnings announcement.
• Investors may be reacting positively to the news of the live audio webcast conference call to review the financial results, indicating confidence in the company's performance.
• The market movement suggests that there is a heightened interest in HP Inc.'s financial health and future outlook, driving the stock price higher as investors position themselves ahead of the earnings release.

23.10.2023 - HPQ Stock was up 5.3%

• HPQ reported better-than-anticipated results for the October quarter, which contributed to the bullish movement.
• The company's net revenue beat the consensus, despite a 6.5% year-over-year decline.
• Analysts greeted the results with a lukewarm response, leading to a slight premarket decline, but the overall market sentiment remained positive.
• The broader market rally and the anticipation of a delay in the OPEC+ meeting may have also influenced the bullish movement of HPQ.

31.04.2024 - HPQ Stock was down 8.5%

• The strong bearish movement in HPQ stock today could be attributed to profit-taking by investors after the historic surge in stock price following the release of its second-quarter financial results.
• Despite reporting growth in its PC business and eyeing AI prospects, the market sentiment may have shifted due to concerns about sustainability of the recent stock rally.
• The bullish options activity by smart money investors might have been a leading indicator of the positive earnings report, but the subsequent sell-off could indicate a shift in sentiment or potential overvaluation.
• The SEC filing update by HP Inc. could have also influenced market participants' perception of the company's financial health, contributing to the bearish movement in the stock.

25.08.2023 - HPQ Stock was up 0.2%

• HPQ had a bullish movement today.
• Warren Buffett has been selling shares of HP Inc., which could indicate concern in the company's prospects or view the stock as overpriced.
• India is loosening its planned restrictions on imports of laptops and tablets, which could benefit companies like HP Inc.
• The European Commission has reimposed a fine on Intel for anti-competitive practices, which could indirectly impact HP Inc. as a prominent computer manufacturer.
• Overall, the bullish movement of HPQ today could be attributed to the positive news of India easing restrictions on IT imports, potentially benefiting HP Inc., despite the ongoing concerns of insider selling and the regulatory actions against Intel.

23.09.2023 - HPQ Stock was down 0.1%

• The bearish movement in HPQ stock today could be attributed to the following factors:
• 1. Hewlett Packard's lowered fiscal 2023 GAAP diluted net earnings per share forecasts may have disappointed investors, leading to a sell-off in the stock.
• 2. The positive news surrounding Advanced Micro Devices (AMD) and its supplier Taiwan Semiconductor Manufacturing Company (TSMC) reporting upbeat quarterly earnings and outlook may have diverted investor attention away from HPQ, causing a decline in its stock.
• 3. The addition of Brady Davis as President of Champions Oncology, a company associated with HPQ, may have had little impact on HPQ's stock performance.
• 4. The overall market volatility and the presence of other news articles highlighting both rising and falling stocks may have influenced investor sentiment towards HPQ.

30.04.2024 - HPQ Stock was up 18.2%

• HPQ stock rose by 12.5% to $36.94 today.
• The positive movement was driven by HP's second-quarter financial results surpassing expectations, with net revenue and adjusted EPS beating estimates.
• Strong performance in the commercial PC segment and successful product launches supported the company's growth, counteracting challenges in China and the print business.
• Despite a general market decline of around 1% in the Dow Jones index, HPQ shares surged following the upbeat earnings report, demonstrating the company's resilience and strength during broader market difficulties.

31.04.2024 - HPQ Stock was down 5.0%

• Despite reporting growth in the PC business and eyeing AI prospects, HP Inc. stock had a significant bearish movement.
• The historic surge in HPQ stock the previous day, with shares climbing as much as 19%, might have led to profit-taking by investors, causing the bearish movement today.
• The update to shareholders with the SEC filing may have contained information that did not meet market expectations, resulting in a negative impact on the stock price.
• The mild gains in Q2 amid optimism for AI PCs and the print segment recovery may not have been substantial enough to sustain the previous day's momentum, leading to the bearish movement in the stock today.

29.01.2024 - HPQ Stock was down 2.1%

• HP Inc. (HPQ) reported in-line earnings for its first quarter, but sales missed estimates, leading to disappointment among investors.
• The overall market sentiment was negative as US equity futures dropped, with disappointing earnings results from companies like HP Inc. contributing to the bearish movement.
• Investors were also cautious ahead of the release of the Federal Reserve's favorite inflation metric, the PCE, which would impact interest rate decisions and potentially affect the stock market.
• The mixed fiscal Q1 results of HP Inc. amidst market challenges may have contributed to the bearish movement of the stock as investors reevaluated their positions in the company.

30.04.2024 - HPQ Stock was up 17.3%

• HP Inc. (HPQ) witnessed a significant bullish movement, with shares rising by 18% to reach a 52-week high.
• This increase in HPQ stock price coincided with the announcement of the company's Q2 earnings, which outperformed expectations.
• Market positivity was fueled by enthusiasm for AI in PCs and the recovery of the printing segment.
• Despite challenges in China and the printing business overall, HPQ's strong performance was driven by the introduction of innovative products and growth in the commercial PC sector.

22.10.2023 - HPQ Stock was down 0.7%

• HPQ stock had a strong bearish movement today, likely influenced by the following factors:
• 1. Q4 FY23 results: HPQ reported a 6.5% YoY decline in net revenue, particularly in the Personal Systems segment, which fell 8% YoY. This weaker performance could have contributed to the bearish movement.
• 2. Nvidia's earnings report: Nvidia, a key player in the tech industry, saw its shares fall after its earnings report. This negative sentiment within the tech sector may have spilled over to HPQ.
• 3. Market movers: The news of Sam Altman returning as CEO at OpenAI, in which Microsoft is the largest investor, could have diverted investor attention away from HPQ and impacted its stock performance.
• Overall, the combination of HPQ's own financial results and the broader sentiment within the tech industry likely contributed to the bearish movement of HPQ stock today.

30.04.2024 - HPQ Stock was up 9.5%

• HP Inc. (HPQ) shares surged after reporting better-than-expected second-quarter results, with net revenue beating consensus estimates.
• The positive earnings report showcased growth in Personal Systems net revenue and an expanded operating margin, which contributed to the stock's bullish movement.
• The bearish market sentiment driven by another company's disappointing guidance did not impact HPQ, allowing the stock to outperform and attract investor interest.
• HP Inc.'s solid performance and optimistic outlook for future growth likely fueled investor confidence and contributed to the stock's upward momentum amidst a challenging market environment.