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
03/24/201518:35:33Statement of Changes in Beneficial Ownership (4)
03/24/201514:11:02Why Gartner's Newest Report Is Good News for Apple Inc.
03/24/201506:01:38Current Report Filing (8-k)
03/23/201519:50:02Investors' Love/Hate Relationship With IBM Stock
03/23/201512:20:01Can Hewlett-Packard Really Afford This Big Dividend Boost?
03/21/201510:40:023 Ways to Get Free (or Nearly Free) Internet Service
03/20/201519:25:106 Confident And Secure Companies Boosting Dividends
03/20/201509:17:24Getting 3D Printing Out Of Its Slough Of Despond
03/20/201506:01:47Current Report Filing (8-k)
03/19/201514:22:28Hewlett-Packard to Raise Quarterly Dividend by 10%
03/19/201508:27:03Hewlett-Packard declares $0.176 dividend
03/19/201508:26:44Current Report Filing (8-k)
03/18/201507:30:49Trend Is Not Your Friend - Cramer's Mad Money (3/17/15)
03/17/201517:22:00Securities Registration: Employee Benefit Plan (s-8)
03/17/201516:20:023 Tech Stocks Wall Street Is Wrong About
03/17/201514:20:02Why HP Needs to Make its $3 Billion Aruba Networks Deal Worthwhile
03/17/201513:20:02Facebook Inc.'s Partnership With Intel Corporation Bodes Well...
03/17/201509:01:53HP Put A Cloud In A Box - Is It A Big Deal?
03/16/201518:35:37EMC Banks On Emerging Storage To Drive Growth As Market Remains...
03/15/201508:46:37S&P 500 Weekly Earnings Update: Forward 4-Quarter Growth Rate...

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