HPQ Stock Forecast: Why You Should Hold HP Inc Stock

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary:

  • The COVID-19 pandemic is obviously a tailwind for most companies. HP Inc. is obviously go to trade sideways below $20 for a long time.
  • HP Inc. will report its Q2 2020 earnings later today. Our HPQ stock forecast most likely predicts a drop even with an EPS and revenue beat.
  • The -12.3% decline in Q1 was due to the COVID-19 global pandemic. This was because of shuttered Chinese factories during February-March period.
  • PC sales will still suffer year-over-year declines for most of this year. Many companies are retrenching employees instead of adopting work-from-home.
  • The COVID-19 pandemic is also a big headwind for HP’s printing business.

TSMC stock forecastRead The Full Premium Article

Subscribe to receive exclusive PREMIUM content Here

Best Stocks To Short Based on Data Mining: Returns up to 6.13% in 3 Days

sp500
Package Name: Top S&P 500 Stocks
Recommended Positions: Short
Forecast Length: 3 Days (5/3/2020 - 5/6/2020)
I Know First Average: 0.72%

Read The Full Forecast


Best Stocks To Short
Best Stocks To Short chart

Best Stocks To Short Based on a Self-learning Algorithm: Returns up to 59.46% in 1 Month

sp500
Package Name: Top S&P 500 Stocks
Recommended Positions: Short
Forecast Length: 1 Month (3/6/2020 - 4/7/2020)
I Know First Average: 38.24%

Read The Full Forecast


Best Stocks To Short
Best Stocks To Short chart

Stocks To Short Based on Big Data: Returns up to 63.37% in 1 Month

sp500
Package Name: Top S&P 500 Stocks
Recommended Positions: Short
Forecast Length: 1 Month (3/6/2020 - 4/6/2020)
I Know First Average: 41.65%

Read The Full Forecast


Stocks To Short
Stocks To Short chart

Stocks To Short Based on Deep-Learning: Returns up to 49.07% in 14 Days

sp500
Package Name: Top S&P 500 Stocks
Recommended Positions: Short
Forecast Length: 14 Days (3/15/2020 - 3/30/2020)
I Know First Average: 18.1%

Read The Full Forecast


Stocks To Short
Stocks To Short chart

Best Stocks To Short Based on a Self-learning Algorithm: Returns up to 45.41% in 14 Days

sp500
Package Name: Top S&P 500 Stocks
Recommended Positions: Short
Forecast Length: 14 Days (3/11/2020 - 3/25/2020)
I Know First Average: 21.76%

Read The Full Forecast


Best Stocks To Short
Best Stocks To Short chart

Stocks To Short Based on a Self-learning Algorithm: Returns up to 42.13% in 14 Days

sp500
Package Name: Top S&P 500 Stocks
Recommended Positions: Short
Forecast Length: 14 Days (3/10/2020 - 3/24/2020)
I Know First Average: 12.7%

Read The Full Forecast


Stocks To Short
Stocks To Short chart

Best Stocks To Short Based on Algorithmic Trading: Returns up to 46.59% in 7 Days

sp500
Package Name: Top S&P 500 Stocks
Recommended Positions: Short
Forecast Length: 7 Days (3/15/2020 - 3/23/2020)
I Know First Average: 27.56%

Read The Full Forecast


Best Stocks To Short
Best Stocks To Short chart