HP (HPQ) is a curious stock by many measures. Over the last year, it has whipped shares in competitors including IBM (IBM) and Dell (DELL). But, what may be more telling is its performance in the market downturn. During last week, HP was up 5% at one point and ended the week up over 3%.
HP must have some strong attraction both is good markets and bad.
It may be that the company’s diversification pulls in Wall St. dollars. It now has significant share in the software, PC, server, and printer businesses. The company is the market share leader globally in both PCs and servers. Its lucrative software business is growing and the company is using its high stock price to buy up smaller tactical additions to add to its arsenal.
HP has also proven itself to be a master cost-cutter. As revenues have increased, so have margins. The market views management as brutal on keeping costs low, letting employees go even as its operations do better.
No one should be surprised if HP continues to run. The market does not seem to drag it down even when the going gets tough.
Douglas A. McIntyre
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
