ADVFN - Advanced Financial Network.
HOME» NYSE » H » HPQ Stock Price » HPQ Stock News

Hewlett Packard Share News

 Hewlett-packard Stock Price
HPQ Stock Price
 Hewlett-packard Stock Chart
HPQ Stock Chart
 Hewlett-packard Stock News
HPQ Stock News
 Hewlett-packard Company Information
HPQ Company Information
 Hewlett-packard Stock Trades
HPQ Stock Trades

MARKET SNAPSHOT: Stocks Up After Longest Decline Since May

By Kate Gibson, MarketWatch NEW YORK (MarketWatch) -- U.S. stocks rose Friday, rebounding from the market's longest decline since May, after U.S. and Chinese economic data failed to dent hopes of further stimulus and J.P. Morgan Chase & Co. reported a $5 billion profit in the second quarter. Chip Cobb, portfolio manager at BMT Asset Management in Bryn Mawr, Penn., said the end-of-week rally is mostly a matter of the recent market correction, which has equities priced at more compelling levels. "It's more of a valuation standpoint, a number of companies have come down to some pretty attractive levels. You eventually have to put some money to work." "Some people are going to point to China, some to the possibility of more stimulus, but I think it's more of a trading issue, meaning we've watched the market pull back a bit," Cobb added. The Dow Jones Industrial Average (DJI) rose 159.20 points, or 1.3%, to 12,732.47, with 29 of its 30 components climbing, led by J.P. Morgan Chase (JPM), up 4.9% after the bank reported a $5 billion profit in the second quarter, which included a $4.4 billion loss on synthetic credit derivatives. . The sole blue-chip decliner, Hewlett-Packard Co. (HPQ) fell 2.6% after a J.P. Morgan analyst reiterated an underweight rating on shares of the maker of personal computers and printers. A warning late Thursday from printer manufacturer Lexmark International Inc. (LXK) that it would miss second-quarter expectations did not help H-P's cause. "They are the single best bank, not only domestically but globally. Will they get this behind them? There is no doubt about it. But it is a black eye; they were viewed as above this," said Cobb. The S&P 500 index (SPX) climbed 16.25 points, or 1.2%, to 1,351.01, with finance companies pacing the gains that included all 10 of the index's sectors. The Nasdaq Composite (RIXF) advanced 27.41 points, or 1%, to 2,893.59. For every stock falling five rose on the New York Stock Exchange, where 199 million shares traded as of 11:25 a.m. Eastern. U.S. stocks rose further after the University of Michigan-Thomson Reuters consumer sentiment index fell to an initial read of 72 in July from 73.2 in June. The confidence number was off some from the prior month, but still "way off the bottoms," said Stuart Freeman, chief equity strategist at Wells Fargo Advisors in St. Louis. "We're certainly not looking at boom times, but we still are seeing consumer spending. At some point, the consumer needs to make some purchases to get on with his or her life, and we're seeing signs of that," he added. Ahead of the bell, China said its economy expanded 7.6% in the second quarter year-over-year, its slowest pace in three years, but in line with expectations.

Stock News for Hewlett Packard (HPQ)
DateTimeHeadline
07/01/201519:36:55Hewlett-Packard Officially Files to Split Into Two Companies...
07/01/201518:03:29Hewlett-Packard Officially Files to Split Into Two Companies--Update
07/01/201517:30:30Hewlett-Packard Officially Files to Split
07/01/201517:18:47Hewlett-Packard Officially Files to Split Into Two Companies
07/01/201516:07:50Current Report Filing (8-k)
06/30/201517:05:12H-P's Enterprise Chief Moves On -- Update
06/30/201514:45:022 Stocks to Watch in Personal Computing
06/30/201509:40:07H-P's Enterprise Chief Moves On
06/29/201520:04:12As Split Nears, H-P Bosses Tick Off a Surgery Checklist
06/29/201519:56:35As Split Nears, H-P Bosses Tick Off a Surgery Checklist
06/24/201516:08:22Annual Report of Employee Stock Plans (11-k)
06/18/201508:45:03The 3 Best Stocks to Invest in Hardware
06/16/201508:00:00Cypress Fairbanks Independent School District Preps for 21st...
06/15/201518:00:08Read This Before Investing in the Internet of Things
06/14/201510:33:023D Printing: Still Red Hot, but Nervously Awaiting the $65 Billion...
06/12/201510:04:04Acquiring Sansa Security Could Boost ARM Holdings plc in the...
06/10/201518:00:03Stocks to Watch in Computers
06/10/201517:28:15Statement of Changes in Beneficial Ownership (4)
06/10/201516:07:28Securities Registration: Employee Benefit Plan (s-8)
06/10/201510:00:16Visteon Names Sachin Lawande New CEO

Hewlett Packard and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad