2020-08-24 • Dikemaskini
All attention to the HP’s Q3 earnings report on August 27 at 23:30 MT time. Are you ready?
What happened?
The company’s performance has been really awesome during 2020. Stocks have managed to rise by 28 during summer so far. In fact, they got a boost from the tech stocks’ boom amid the coronavirus. No wonder that the demand for HP’s products and services surged amid the stay-at-home regime as people were forced to work remotely. According to Gartner, HP Inc. was the second largest PC seller in the second quarter of 2020. That is why its earnings report for the second quarter showed a growth. In addition, it raised its dividend payouts by 10% since the last year. In a nutshell, the overall picture is quite optimistic for the PC maker. Let’s discuss what predictions analysts have.
Forecasts
Wall Street brokers recommend to hold HP shares. They set a target price of $18.06, which is slightly less the current stock price. Deutsche Bank has the same target price and advises to hold HP shares. Unlike them, analysts from JP Morgan have more optimistic prospects and have established the price of $21. Bloomberg foresees a decline of HP’s year-over-year revenue in the third quarter, but a growth on the quarter-over-quarter bias.
What does it mean?
The market is on the side of stocks these days, as vaccine hopes and improved US-China relationships encourages investors. Moreover, investors are ready for the slump of HP’s revenues. Therefore, if actual numbers come out better than expected, it will drive the price upward more than usually. Otherwise, if they come out less than the forecasts, the HP’s price will dip down.
Technical tips
HP has been climbing up slowly, but confidently. If it breaks through the 200-day moving average of $18.40, it will open doors towards the high of August 10 at $19.00. In the opposite scenario, if it falls below the key support of $18.00, it may plummet even deeper to the low of July 21 at $17.50.
Semakin ramai penganalisis yakin bahawa minyak Brent akan melepasi $100 setong. Jadi sekuat manakah minyak akan menggerakkan pasaran, dan ke manakah arah pergerakan itu? Jom ketahui!
Tampaknya drama di antara para pengguna Reddit dan firma-firma dana lindung nilai Wall Street telah mereda sejak awal minggu ini.
Brexit selesai. Apa yang akan terjadi pada ekonomi UK dan pound? Ketahui di dalam artikel kami.
Fed mengumumkan pada hari Rabu bahawa ia membiarkan kadar dasar tidak berubah pada 5…
Jepun melangkah lebih dekat kepada campur tangan mata wang dengan amaran terkuatnya apabila yen merosot ke paras paling lemah dalam kira-kira 34 tahun berbanding dolar…
Sentimen pasaran yang memulih pada pembukaan dagangan awal minggu semalam telah menukar semula haluan pergerakan USD…
FBS menyimpan rekod data anda untuk mengoperasikan laman web ini. Dengan menekan butang "Terima", anda menyetujui Polisi Privasi kami.
Permohonan anda telah diterima
Pengurus akan menghubungi anda dalam amsa terdekat
Permohonan panggil balik seterusnya untuk nombor telefon ini
boleh dilakukan dalam dalam
Jika anda mempunyai isu yang perlu disegerakan, sila hubungi kami menerusi
Live Chat
Masalah dalaman. Sila cuba sebentar lagi
Jangan bazir masa anda – pantau bagaimana NFP mempengaruhi dolar AS dan kaut keuntungan!
|
