|Day Low/High||28.83 / 30.25|
|52 Wk Low/High||12.54 / 30.00|
The tide might eventually turn in 2021, but chip demand looks poised to remain strong at least for the next few months.
The charts of the maker of printers and computers suggest there has been fresh buying of its stock of late.
Beyond the impacts of the pandemic, the political environment and its impact on potential policy have taken center stage.
Equity markets have run wild since Oct. 30, and it is the more economically sensitive indices that have really taken flight.
For now, consumer spending on notebooks, games, streaming services and a slew of other tech products and services isn't letting up.
If financial markets any indication, a lot must be expected from Fed Chair Powell Thursday morning. Plus, two guys to never bet against.
Earnings reports continue to outperform, but can this support equity markets at these levels now?
Plus, the market has bad breadth and PC and operating system makers should benefit from virus-inspired home-based schooling.
While some growth stocks have been bid up to extreme valuations, others could look intriguing if markets see a meaningful downturn.
* Market breadth has been shrinking all afternoon (at 3pm less than 100 more advancers over decliners). * Oil up a beaner to $23.72/barrel. * Gold down small. * Bond yields +2 basis points. * and FAANG experiencing some strength - but not impressive...
The maker of PCs and printers is seeing accumulation in its shares based on a key chart.
Rising U.S.-China tensions continue to weigh, but new home sales and stalled continuing jobless claims may be positive catalysts.
Among other things, HP has responded to Xerox's hostile bid by unveiling a $15 billion buyback program and signaling that it's open to other M&A transactions.
What boggles my mind is DocuSign sitting out there at $15 billion that could work well with HPQ - or Xerox - and their strong free cash flow.
I did look out three months to see if there was maybe an intelligent way to play this name through the options market.
HPQ looks constructive into earnings but could weaken with the broader market decline.
A wide variety of tech companies are likely to see their March-quarter sales hurt by the coronavirus outbreak's impact on Chinese demand and/or manufacturing.
Intel CPU shortages and the end of a business PC upgrade cycle are both likely to weigh on near-term PC demand.
AMD's latest notebook processor launches put it on much stronger footing in the market for 15-watt processors going into ultrabooks and other thin-and-light notebooks.
Beijing is intent on reducing its dependence on American hardware, software and chips. But reducing it and eliminating are two very different things.
Let me take a stab at what's going on here.
The PC giants said they now expect Intel CPU shortages to continue into 2020, with Dell indicating costlier CPUs are now also affected. That could spell a bigger opening for AMD.
Xerox or HP or both should consider going after DOCU, and here are two ways for investors to do the same.
Though HP says it's still open to some kind of deal with Xerox, the deal that Xerox proposed would carry major financial risks on top of all the execution and revenue growth risks any kind of merger between the firms would carry.