最新ニュース HP (NYSE:HPQ) 株価情報

HP (formerly Hewlett-Packard) is a behemoth in the PC and printing markets. It has focused on these markets since it exited IT infrastructure in 2015 with the split from Hewlett Packard Enterprise. HP focuses on the commercial market, but maintains sales of consumer devices and printers. The firm has a broad and global customer base, with only one third of sales coming from the US. HP completely outsources manufacturing and relies heavily on channel partners for its sales and marketing.

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市場が動揺する不確実な時期、多くの投資家は高配当の株に目を向けがちだ。その多くは、フリーキャッシュ・フローが大きく、株主に高い配当を提供する銘柄である。

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HP Inc

HPQ Silicon Inc

Black Friday, known for its enticing discounts on the latest technology, may not always deliver the bargains shoppers expect. A recent study by KnownHost revealed that nearly a third of these <a href="https://www.benzinga.com/news/retail-sales/24/11/42220200/black-friday-discounts-too-good-to-be-true-survey-shows-only-42-of-sales-are-authentic" target="_blank" rel="noreferrer noopener">"deals" aren't genuine savings at al</a>l.
Earnings
HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) reported fourth-quarter earnings of 93 cents per share, in line with the analyst consensus estimate. Quarterly revenue came in $14.05 billion, which beat the <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/42203410/hp-stock-drops-after-q4-results-weak-forward-guidance-details" rel="noreferrer noopener">analyst consensus estimate of $13.99 billion</a>.
Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) reported third-quarter earnings of $2.15 per share, which beat the analyst consensus estimate of $2.05. Quarterly revenue came in at $24.37 billion, which missed <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/42201885/dell-technologies-shares-drop-after-q3-revenue-misses-estimates-details" rel="noreferrer noopener">the consensus estimate of $24.65 billion</a>.
Gaming
Sony Group Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) unveiled December PS Plus games, including It Takes Two, Aliens: Dark Descent, and TemTem, <a target="_blank" href="https://www.benzinga.com/24/11/42222962/ps-plus-december-lineup-new-games-exclusive-trials-30th-anniversary-surprises" rel="noreferrer noopener">available from Dec. 3 to Jan. 6</a>.
Sony is reportedly preparing to introduce black versions of its DualSense Edge controller, Pulse Elite wireless headphones and, <a target="_blank" href="https://www.benzinga.com/general/gaming/24/11/42172580/black-playstation-accessories-may-appear-ahead-of-holiday-season-dealabs" rel="noreferrer noopener">Pulse Explore&nbsp;wireless earbuds</a>.
Ubisoft Montreal is reportedly developing a social simulation game codenamed Alterra, blending elements inspired by Nintendo ADR‘s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NTDOY#OTC">NTDOY</a>) <a href="https://www.benzinga.com/general/gaming/24/11/42222155/animal-crossing-meets-minecraft-in-ubisofts-upcoming-game-report">Animal Crossing</a> and Microsoft Corporation&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Minecraft.
Nintendo settled one of the longest-running debates among The Legend of Zelda fans by confirming where Echoes of Wisdom fits in <a href="https://www.benzinga.com/24/11/42195150/nintendo-confirms-where-echoes-of-wisdom-falls-in-the-zelda-timeline" target="_blank" rel="noreferrer noopener">the franchise&#8217;s intricate timeline</a>.
Activision says its Ricochet anti-cheat team has banned 19K accounts from Call of Duty: Black Ops 6 <a href="https://www.benzinga.com/general/gaming/24/11/42198567/19000-bans-and-counting-but-players-say-cheating-still-dominates-call-of-duty-black-ops-6" target="_blank" rel="noreferrer noopener">ranked play since Nov. 21 launch</a>.
CD Projekt SA (OTC:<a class="ticker" href="https://www.benzinga.com/stock/OTGLY#OTC">OTGLY</a>) announced that Project Polaris, the first installment in a new Witcher trilogy, has transitioned <a target="_blank" href="https://www.benzinga.com/general/gaming/24/11/42199470/project-polaris-hits-full-scale-production-whats-next-for-the-witcher-and-cd-projekt" rel="noreferrer noopener">from preproduction to&nbsp;full-scale production</a>.
Technology
The U.S. government reportedly plans to reduce&nbsp;Intel Corporation&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) <a target="_blank" href="https://www.benzinga.com/markets/24/11/42185698/qualcomms-interest-in-taking-over-intel-wanes-due-to-complexities-involved-report" rel="noreferrer noopener">$8.5 billion federal chips grant</a>.
Russian-linked hacking group RomCom has exploited vulnerabilities in Mozilla Firefox and Microsoft&#8216;s Windows to target users <a href="https://www.benzinga.com/24/11/42208148/russian-hackers-launch-widespread-cyber-assault-using-firefox-and-windows-zero-days-what-you-need-to-know-about-the-romcom-exploit" target="_blank" rel="noreferrer noopener">across Europe and North America</a>.
Telegram&nbsp;has reported significant financial growth in the first half of 2024, with revenue reaching $525 million, driven by strong performance in cryptocurrency holdings. This is despite ongoing <a target="_blank" href="https://www.benzinga.com/24/11/42180964/telegrams-crypto-boom-shields-business-amid-founder-pavel-durovs-legal-troubles-revenue-soars-to-525m-in-2024" rel="noreferrer noopener">legal challenges facing its CEO,&nbsp;</a><a target="_blank" href="https://www.benzinga.com/24/11/42180964/telegrams-crypto-boom-shields-business-amid-founder-pavel-durovs-legal-troubles-revenue-soars-to-525m-in-2024" rel="noreferrer noopener">Pavel Durov</a>.
Smartphone
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is reportedly changing its approach to software updates. The tech giant appears to be opting for staggered rollouts of new features instead of bundling <a target="_blank" href="https://www.benzinga.com/24/11/42183616/apple-could-delay-key-ios-19-features-plans-shifting-to-staggered-rollouts-with-2026-siri-overhaul-and-more" rel="noreferrer noopener">everything into annual iOS releases</a>.
Apple unveiled its&nbsp;Black Friday 2024&nbsp;promotion, running from Nov. 29 to Dec. 2, offering customers gift cards with the purchase of eligible <a target="_blank" href="https://www.benzinga.com/24/11/42155932/apple-black-friday-2024-get-up-to-200-in-gift-cards-on-iphones-macs-airpods-and-more-heres-everything-you-need-to-know" rel="noreferrer noopener">products instead of direct discounts</a>.
Xiaomi Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACF#OTC">XIACF</a>) is set to launch its own mobile processor for future smartphones, aiming to lessen its dependency on foreign suppliers like&nbsp;Qualcomm Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) <a target="_blank" href="https://www.benzinga.com/tech/24/11/42190353/xiaomi-set-to-challenge-qualcomm-mediatek-as-it-ventures-into-chipmaking-once-again" rel="noreferrer noopener">and&nbsp;</a><a target="_blank" href="https://www.benzinga.com/tech/24/11/42190353/xiaomi-set-to-challenge-qualcomm-mediatek-as-it-ventures-into-chipmaking-once-again" rel="noreferrer noopener">MediaTek Inc</a><a target="_blank" href="https://www.benzinga.com/tech/24/11/42190353/xiaomi-set-to-challenge-qualcomm-mediatek-as-it-ventures-into-chipmaking-once-again" rel="noreferrer noopener">.&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/MDTKF#OTC">MDTKF</a>)</a>.
China&#8217;s&nbsp;Huawei Technologies will replace&nbsp;Google&#8217;s Android&nbsp;with its in-house developed operating system in smartphones <a target="_blank" href="https://www.benzinga.com/media/24/11/42207001/apples-premium-phone-reign-in-china-meets-challenger-in-huaweis-mate-70-as-new-smartphone-breaks-free-from-googles-grip" rel="noreferrer noopener">and tablets starting next year</a>.
Elon Musk
Elon Musk-led&nbsp;SpaceX has obtained a commercial license from the&nbsp;Federal Communications Commission (FCC) for its&nbsp;Starlink Direct-to-Cell service. This marks a pivotal step in expanding the reach of <a target="_blank" href="https://www.benzinga.com/general/space/24/11/42208569/spacexs-starlink-direct-to-cell-service-gets-commercial-license-from-fcc-heres-what-it-means" rel="noreferrer noopener">satellite-based mobile connectivity</a>.
Elon Musk‘s company,&nbsp;Neuralink, is set to initiate a new feasibility trial involving its innovative brain implant technology and a robotic arm. This trial aims to explore the safety and effectiveness of Neuralink's&nbsp;wireless <a target="_blank" href="https://www.benzinga.com/tech/24/11/42181583/elon-musks-neuralink-to-launch-new-feasibility-trial-with-brain-implant-and-robotic-arm" rel="noreferrer noopener">brain-computer interface and surgical&nbsp;robot</a>.
Artificial Intelligence (AI)
Tesla&nbsp;and&nbsp;SpaceX&nbsp;CEO&nbsp;Elon Musk&nbsp;has announced that his artificial intelligence startup,&nbsp;xAI, will <a target="_blank" href="https://www.benzinga.com/general/gaming/24/11/42229052/elon-musks-xai-plans-to-make-games-great-again-with-ai-driven-game-studio-can-his-vision-reshape-a-gaming-industry-dominated-by-large-corporations" rel="noreferrer noopener">start an AI-driven game studio</a>.&nbsp;
ChatGPT-maker&nbsp;OpenAI&#8217;s&nbsp;unreleased&nbsp;Sora&nbsp;text-to-video AI model has reportedly been leaked by a group of beta testers <a target="_blank" href="https://www.benzinga.com/24/11/42206104/openais-sora-video-model-leak-exposes-deep-rift-with-artists-unpaid-rd-pr-puppets-and-content-approval-fury-what-you-need-to-know" rel="noreferrer noopener">protesting its handling of artists</a>.
Salesforce, Inc.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) CEO&nbsp;Marc Benioff&nbsp;has warned that the world is reaching the "upper limits" of large language <a target="_blank" href="https://www.benzinga.com/24/11/42156373/marc-benioff-warns-were-near-the-upper-limits-of-llms-the-future-of-ai-lies-in-autonomous-agents-not-bots-like-chatgpt" rel="noreferrer noopener">models (LLMs) like&nbsp;</a><a target="_blank" href="https://www.benzinga.com/24/11/42156373/marc-benioff-warns-were-near-the-upper-limits-of-llms-the-future-of-ai-lies-in-autonomous-agents-not-bots-like-chatgpt" rel="noreferrer noopener">OpenAI&#8217;s ChatGPT</a>.

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Consumer Tech News (Nov 25-Nov 29): Sony Brings December PS Plus Games, Elon Musk Initiating Trial On Brain Implant Tech & More

HP's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) short percent of float has fallen 14.74% since its last report. The company recently reported that it has 38.06 million shares sold short, which is 4.51% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.42 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>HP Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732906822_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for HP has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing HP's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, HP's peer group average for short interest as a percentage of float is 6.95%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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(HPQ) - Analyzing HP's Short Interest

HSBC analyst Stephen Bersey downgrades HP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) from Buy to Hold and lowers the price target from $39 to $38.

Downgrades

HSBC Downgrades HP to Hold, Lowers Price Target to $38

Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>), and Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) are ramping up their production of electronic components in China. This comes as they prepare for <a href="https://www.benzinga.com/24/11/42178994/trump-says-he-will-impose-25-tariffs-on-canada-mexico-on-first-day-of-office-and-extra-tariffs-on-china-until-they-pay-attention">potential tariff hikes on Chinese imports</a> as President-elect Donald Trump is set to return to the White House in January.
What Happened: These tech giants are accelerating their production efforts in China.&nbsp;Microsoft&nbsp;is pushing suppliers to boost output&nbsp;for its cloud server infrastructure&nbsp;while moving Xbox console assembly out of China. The company also plans to produce as many&nbsp;Surface laptops as possible outside&nbsp;China by the end of&nbsp;next year, Nikkei Asia&nbsp;<a href="https://asia.nikkei.com/Spotlight/Supply-Chain/Microsoft-HP-and-Dell-ramp-up-China-parts-output-before-Trump-s-return">reported</a> on Thursday.
Meanwhile,&nbsp;HP&nbsp;and&nbsp;Dell&nbsp;are urging suppliers to increase parts production this month and next, revisiting their procurement strategies for 2025 to lessen dependency on Chinese-made components. The increased output aims to enhance production in regions not affected by U.S. tariffs, such as Southeast Asia. Suppliers are expanding production capacity and establishing warehouses in Thailand to support&nbsp;HP&#8217;s needs.
Dell&nbsp;is also considering production options outside Vietnam to mitigate geopolitical risks. The tech supply chain is preparing for disruptions, with companies like&nbsp;Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)&nbsp;increasing iPhone production in India.
See Also:&nbsp;<a href="https://www.benzinga.com/24/11/42156817/tesla-rivian-settle-battery-tech-theft-dispute-after-nearly-4-years?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla, Rivian Signal End To 4-Year Legal Battle Over Alleged Trade Secrets Theft</a>
Why It Matters: The decision by these tech companies to ramp up production in China comes amid rising fears of a renewed trade war between the U.S. and China. Recently, President-elect Trump named&nbsp;Jamieson Greer, known for his <a href="https://www.benzinga.com/24/11/42219544/trump-names-china-hawk-jamieson-greer-as-pick-for-trade-representative">tough stance on China,</a> as his pick for U.S. Trade Representative. 
Furthermore, China&#8217;s state media <a href="https://www.benzinga.com/news/global/24/11/42230125/chinas-state-media-commends-apple-tesla-starbucks-for-collaboration-amid-renewed-trade-war-tensions">praised American companies</a> like Apple, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), and Starbucks Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) for their collaboration with Chinese partners, urging U.S. policymakers to consider the willingness of American businesses to engage in economic cooperation.
This praise coincides with Trump&#8217;s announcement of a <a href="https://www.benzinga.com/government/regulations/24/11/42213610/hasbro-best-buy-brace-as-trumps-tariffs-loom-could-retail-margins-hit-rock-bottom">10% tariff on Chinese goods</a>, aimed at addressing the opioid crisis in the U.S., highlighting the complex dynamics at play in U.S.-China trade relations.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/24/11/42206614/polygons-pol-token-outshines-bitcoin-ethereum-in-30-day-gains-top-analyst-anticipates-no-major-selling-pressure-in-days-ahead?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Crypto&#8217;s Next Mega-Rocket? Analyst Forecasts Insane 2725%-6600% Surge For This Coin</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

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Microsoft, HP, Dell Race To Ramp Up Production In China As Trump's Tariff Threat Looms Ahead Of His White House Return

Amid rising fears of a new trade war between the U.S. and China, China&#8217;s state media have praised several American companies for their strong partnerships with Chinese counterparts. This development comes as tensions reminiscent of&nbsp;Donald Trump&#8217;s&nbsp;return to presidency resurface.
What Happened: China&#8217;s state-owned Global Times has commended companies such as Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Starbucks Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), and HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) for their collaborative efforts with Chinese partners, according to a Reuters report on Thursday. The publication urged U.S. politicians to consider the willingness of American businesses to engage in economic cooperation by formulating appropriate policies.
In addition, the&nbsp;China Daily&nbsp;highlighted&nbsp;Morgan Stanley&nbsp;for obtaining regulatory approval to expand its operations in China, underscoring the interest of foreign financial firms in the Chinese market. This praise coincides with Trump&#8217;s announcement of&nbsp;a <a href="https://www.benzinga.com/government/regulations/24/11/42213610/hasbro-best-buy-brace-as-trumps-tariffs-loom-could-retail-margins-hit-rock-bottom">10% tariff on Chinese&nbsp;goods, </a>aimed at addressing the opioid crisis in the U.S.
See Also:&nbsp;<a href="https://www.benzinga.com/24/11/42219544/trump-names-china-hawk-jamieson-greer-as-pick-for-trade-representative?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Names China Hawk Jamieson Greer As Pick For Trade Representative</a>
During Trump&#8217;s first term, Chinese media coverage was closely monitored by corporate executives for indications of U.S. firms&#8217; standing. Despite threats of an &#8220;Unreliable Entity List,&#8221; China has not fully implemented it, focusing instead on companies involved in arms sales to Taiwan.
Why It Matters: The recent commendation of U.S. firms by Chinese state media comes in the context of ongoing diplomatic efforts to prevent a trade war. On Nov. 13,&nbsp;<a href="https://www.benzinga.com/startups/24/11/41944793/china-pushes-for-win-win-as-u-s-tariff-threat-looms-what-it-means-for-global-markets">China&#8217;s Ministry of Commerce</a>&nbsp;expressed a desire for &#8220;win-win cooperation&#8221; with the U.S., even as the Trump administration considered imposing tariffs as high as 60% on Chinese imports.
Recently,&nbsp;Tim Cook, CEO of&nbsp;Apple, attended the&nbsp;<a href="https://www.benzinga.com/news/24/11/42182417/tim-cook-joins-us-executives-to-attend-china-expo-as-donald-trump-threatens-extra-tariffs-on-sino-goods">China International Supply Chain Expo</a>&nbsp;on Nov. 26. Cook&#8217;s visit, along with other American business leaders, underscores the significance of the Chinese market for U.S. companies amid potential trade tensions.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/government/regulations/24/11/42144915/china-unveils-global-ai-governance-committee-with-alibaba-cloud-founder-at-the-helm?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">China Unveils Global AI Governance Committee With Alibaba Cloud Founder At The Helm</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Wikimedia Commons

China's State Media Commends Apple, Tesla, Starbucks For Collaboration Amid Renewed Trade War Tensions

U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite falling more than 100 points on Wednesday.
The Dow traded down 0.28% to 44,734.33 while the NASDAQ fell 0.66% to 19,048.75. The S&amp;P 500 also fell, dropping, 0.37% to 5,999.25.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/42188912/jim-cramer-linde-is-a-terrific-company-sees-another-stock-up-75-as-not-done">Jim Cramer: Linde Is A &#8216;Terrific&#8217; Company, Sees Another Stock Up 75% As &#8216;Not Done&#8217;</a>
Leading and Lagging Sectors Real estate shares jumped by 0.9% on Tuesday.
In trading on Tuesday, information technology shares fell by 1.4%.
Top Headline
The US core PCE price index increased by 0.3% month-over-month in October, the same pace as in the previous month, in-line with market estimates.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Urban Outfitters, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>) shares shot up 19% to $47.68 following third-quarter earnings. Citigroup upgraded the stock to Buy following the report.</li>
<li>Shares of Iris Energy Limited &nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>) got a boost, surging 30% to $12.39 on the heels of the company's first-quarter financial results. Multiple analysts raised price targets following the print.</li>
<li>Unusual Machines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMAC#NYSE">UMAC</a>) shares were also up, gaining 74% to $9.30 after the company announced that Donald Trump Jr. has joined its advisory board.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Symbotic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYM#NASDAQ">SYM</a>) shares dropped 38% to $23.02 after the company cut its first-quarter revenue forecast.</li>
<li>Shares of Outlook Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTLK#NASDAQ">OTLK</a>) were down 63% to $1.7999 after the company announced it plans to resubmit the biologics license application for ONS-5010 after reporting preliminary topline results of its Norse eight clinical trial.</li>
<li>HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) was down, falling 13% to $34.21 after the company reported fourth-quarter financial results and issued first-quarter adjusted EPS guidance below estimates.</li>
</ul>
Commodities In commodity news, oil traded down 0.7% to $68.28 while gold traded up 0.7% at $2,638.70.
Silver traded down 0.9% to $30.120 on Wednesday, while copper rose 0.7% to $4.1460.
Euro zone
European shares closed mostly lower today. The eurozone's STOXX 600 slipped 0.19%, Germany's DAX fell 0.18% and France's CAC 40 dipped 0.72%. Spain's IBEX 35 Index fell 0.33%, while London's FTSE 100 rose 0.20%.
The GfK Consumer Climate Indicator for Germany declined to a reading of -23.3 points heading into December, recording the lowest level since May.
Asia Pacific Markets
Asian markets closed mostly higher on Wednesday, with Japan's Nikkei 225 falling 0.80%, Hong Kong's Hang Seng Index gaining 2.32%, China's Shanghai Composite Index climbing 1.53% and India's BSE Sensex gaining 0.29%.
Economics
<ul>
<li>The U.S. economy grew by an annualized rate of 2.8% in the third quarter, the same as in the flash reading, versus 3% in the previous quarter.</li>
<li>U.S. initial jobless claims came in unchanged at 213,000 for the week ending Nov. 23, compared to market estimates of 216,000.</li>
<li>The U.S. goods trade deficit shrank to $99.1 billion in October versus a revised gap of $108.7 billion in the previous month.</li>
<li>U.S. wholesale inventories increased by 0.2% month-over-month to $905 billion in October, compared to a 0.2% decline in the prior month.</li>
<li>The Chicago PMI fell to 40.2 in November compared to 41.6 in September.</li>
<li>U.S. crude oil inventories declined by 1.844 million barrels in the week ended Nov. 22, compared to market estimates of a 1.1 million fall.</li>
<li>U.S. personal income increased by 0.6% month-over-month to $24.96 trillion in October, while personal spending rose by 0.4% to an annualized rate of $20.1 trillion.</li>
<li>The US core PCE price index increased by 0.3% month-over-month in October, the same pace as in the previous month, in-line with market estimates.</li>
<li>U.S. pending home sales rose 2% month-over-month in October compared to a revised 7.5% gain in September.</li>
<li>The total number of active U.S. oil rigs fell by two to 477 rigs this week, Baker Hughes Inc reported.</li>
</ul>
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Equities

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Commodities

Intraday Update

IREN

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URBN

Nasdaq Down Over 100 Points; HP Shares Plunge

HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) shares are trading lower Wednesday after the company reported its fourth-quarter financial results and issued guidance for the upcoming quarter that fell short of analyst expectations. Here&#8217;s <a href="https://www.benzinga.com/markets/24/11/42213335/hp-shares-plunge-in-wednesday-pre-market-after-weak-q4-projections">what you need to know.</a>
What To Know: HP posted adjusted earnings per share of 93 cents for the quarter, which matched the consensus estimate. Revenue came in at $14.05 billion, surpassing the $13.99 billion estimate. The company&#8217;s top-line results were up from $13.82 billion reported in the same period last year, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
HP noted that net cash provided by operating activities in the quarter was $1.6 billion. The company also generated $1.5 billion in free cash flow. HP ended the quarter with $7.7 billion in inventory.
In addition to the quarterly results, HP announced a 5% increase in its dividend, raising the quarterly payout from $0.2756 to $0.2894 per share. The increased dividend is payable on Jan. 2 to shareholders of record as of Dec. 11.
HP projected adjusted earnings of 70 cents to 76 cents per share for the first quarter of fiscal 2025, versus estimates of 85 cents per share. For the full fiscal year, the company forecasted earnings between $3.45 and $3.75 per share, compared to estimates of $3.60 per share.
CEO Enrique Lores highlighted revenue growth in the Personal Systems and Print divisions, expressing optimism about the company&#8217;s ability to &#8220;capitalize on the commercial opportunity and lead the future of work.&#8221; 
Analysts responded to the print by maintaining Neutral ratings and adjusting price targets:
<ul>
<li>Barclays analyst Tim Long maintained an Equal-Weight rating and raised the price target from $32 to $35.</li>
<li>TD Cowen analyst Krish Sankar maintained a Hold rating and raised the price target from $32 to $39.</li>
<li>Citigroup analyst Asiya Merchant maintained a Neutral rating and lowered the price target from $37 to $36.50.</li>
</ul>
HP Price Action: HP shares were down 12.5% at $34.17 at the time of writing, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://benzinga.slack.com/archives/D072651PB4K/p1727794380964569"><img loading="lazy" decoding="async" width="1024" height="541" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27131126/HP-1024x541.png" alt="" class="wp-image-667981" style="width:483px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27131126/HP-1024x541.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27131126/HP-300x159.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27131126/HP-768x406.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27131126/HP.png 1443w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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Earnings

Movers

HP Stock Is Falling Wednesday: What's Going On?

Global markets faced turbulence by midday Wednesday as an unwinding of yen-dollar carry trades drove sharp losses in U.S. equities, with the tech-heavy Nasdaq 100 falling <a href="https://www.benzinga.com/markets">1.2% in intraday trading.</a>
Rising expectations that the Bank of Japan may raise interest rates in December pushed the dollar-yen pair down by 1.5%, marking its steepest drop since late September. This triggered a wave of &#8220;risk-off&#8221; sentiment, pressuring major indices.
The S&amp;P 500 dipped 0.5% by midday, on track to snap a seven-day winning streak, while small caps in the Russell 2000 remained relatively steady. Treasury yields fell significantly as fresh economic data failed to stoke concerns about an imminent change in the Federal Reserve's interest rate path.
The U.S. economy expanded at an annualized 2.8% in the third quarter, according to a second estimate that matched earlier print. October's Personal Consumption Expenditures (PCE) price index, the Fed&#8217;s preferred inflation gauge, also came in line with forecasts, <a href="https://www.benzinga.com/news/global/24/11/42220106/dollar-treasury-yields-stocks-fall-in-tandem-after-october-inflation-uptick">showing a modest uptick.</a>
Traders continue to bet on easier monetary policy, with Fed funds futures pricing in a 70% probability of a 25-basis-point rate cut at the Dec. 18 meeting.
In commodities market, gold inched up by 0.2%, while oil prices fell by 1% to $68 a barrel, heading for a three-day decline. Natural gas plummeted 7%, amid less cold weather forecasts reducing the outlook for heating demand.
Meanwhile, cryptocurrencies reversed their recent losing streak. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rallied nearly 5% to above $96,000, while Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) surged more than 7%, hitting price levels last seen in late June 2024.
<h1 class="wp-block-heading">Wednesday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>Chg %</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,424.01</td>
<td>0.0%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,747.65</td>
<td>-0.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,994.06</td>
<td>-0.5%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,682.38</td>
<td>-1.2%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:00 p.m. EST</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent112524&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) edged 0.4% lower to $598.35.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;eased 0.2% to $448.13.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 1.1% to $503.71.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) inched 0.1% up to $241.01.</li>
<li>The&nbsp;Real Estate Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) outperformed, rising 1%. The&nbsp;Technology Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) lagged, down 1.9%.</li>
</ul>
<h1 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h1>
<ul>
<li>Semiconductor stocks, as tracked by the iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>), witnessed broad-based declines amid rising trade tensions between U.S. and China following Donald Trump&#8217;s pledge to raise tariffs. Micron Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) and Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) were among the weakest performers, with drops of about 4.4%.</li>
<li>Crypto-linked stocks rebounded after sharp drops witnessed a day earlier. Shares of Bit Digital Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTBT#NASDAQ">BTBT</a>) were up 16%, while Riot Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) and MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) were up by 9% and 6%, respectively. </li>
<li>Dell Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NASDAQ">DELL</a>) tumbled by over 11% in reaction to earnings. </li>
<li>Other stocks reacting to quarterly results were Crowdstrike Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>), down 5.1%; Workday Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>), down 5.2%; Autodesk Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>), down 8%; HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>), down 12% and Nutanix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>), down over 6%.</li>
</ul>
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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Stocks Fall, Yen Eyes Best Day In 2 Months, Bitcoin Rebounds Above $96,000: What's Driving Markets Wednesday?

HP Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) stock traded lower Wednesday after the company reported <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/42203410/hp-stock-drops-after-q4-results-weak-forward-guidance-details" rel="noreferrer noopener">fiscal fourth-quarter</a> financial results and issued fiscal first-quarter adjusted EPS guidance below estimates.
On Tuesday, HP reported revenue of $14.05 billion (versus $13.82 billion a year ago), which beat the analyst consensus estimate of $13.99 billion. The EPS of $0.93 was in line with the analyst consensus estimate.
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HP expects first-quarter adjusted EPS of $0.70 &#8211; $0.76, versus the $0.85 estimate, and fiscal 2025 adjusted EPS of $3.45 &#8211; $3.75, versus the $3.60 estimate.
Multiple Wall Street analysts rerated the stock after the quarterly print.
JP Morgan analyst Samik Chatterjee maintained an Overweight rating on HP with a <a target="_blank" href="https://www.benzinga.com/quote/HPQ/analyst-ratings" rel="noreferrer noopener">price target of $40, down from $41</a>.
Goldman Sachs analyst Michael Ng reiterated a Neutral rating on HP with a price target of $38, up from $35.
JP Morgan: Analyst Chatterjee highlights HP&#8217;s near-term challenges and opportunities in the personal systems (PS) and print segments. Despite known headwinds in the PC market, HP faces additional pressure from competitive pricing as it tries to offset higher memory costs. The company remains optimistic about a mid-single-digit recovery in PC units and increased adoption of AI PCs by enterprise customers in fiscal year 2025, supported by pent-up demand and Windows 11 refresh cycles.
The print segment performed well, generating $4.5 billion, surpassing expectations, while PS revenue came in at $9.6 billion, slightly below consensus. Operating margins were 8.5%, impacted by higher commodity costs and strategic investments.
For fiscal 2025, HP projects full-year revenue growth driven by mid-single-digit increases in PC units and seasonal recovery. However, first-quarter EPS guidance of $0.70 &#8211; $0.76 falls below consensus, reflecting margin pressures and the need for a significant recovery in PC volumes to meet annual targets.
HP&#8217;s print margins improved to 19.6% in the fourth quarter, exceeding internal and external forecasts. Due to cost discipline, the company anticipates print operating margins will remain at the higher end of the 16% &#8211; 19% range in fiscal 2025. Meanwhile, PS margins are expected to climb to the upper half of 5% &#8211; 7%, aided by improved pricing strategies and volume leverage.
Enterprise PC replacement cycles, supported by Windows 10&#8217;s end-of-life in 2025, and increased AI PC adoption are long-term growth drivers. HP&#8217;s supply chain resilience positions it to navigate potential tariff escalations better than peers, ensuring smoother operations.
Chatterjee maintains an Overweight rating on HP, emphasizing medium-term positioning in PS as a key growth driver. Stabilizing gross margins and operating efficiencies are expected to mitigate some margin pressures. The analyst slightly lowered the December 2025 price target, valuing fiscal 2026 EPS at 10x P/E, aligning with historical averages.
HP&#8217;s ability to recover in the PC market and capitalize on enterprise adoption of AI PCs remains critical to achieving long-term targets. While near-term pressures exist, structural improvements in the print and PS segments are expected to provide resilience.
Chatterjee projects first-quarter revenue of $13.47 billion and adjusted EPS of $0.75.
Goldman Sachs: HP delivered fiscal fourth-quarter 2024 EPS of $0.93, aligning with Goldman Sachs (GS) and consensus estimates. Print segment performance offset a modest miss in the Personal Systems (PS) division. Print revenue grew for the first time since fiscal fourth-quarter 2021, increasing 1% to $4.5 billion, surpassing GS and consensus projections of $4.3 billion and $4.2 billion, respectively. This growth stemmed from solid supplies and industrial graphics sales, although pricing pressures persisted.
Print margins reached 19.6%, exceeding guidance and analyst expectations ((GS: 18.5%, XHKG:<a class="ticker" href="https://www.benzinga.com/stock/18#XHKG">18</a>), reflecting a favorable business mix and cost efficiencies. HP expects Print revenue to decline to low single digits (LSD%) in fiscal 2025, aligning with broader market trends, while supply revenue is projected to drop LSD to mid-single digits (MSD%).
In contrast, PS revenue fell to $9.6 billion, missing GS and consensus estimates of $9.8 billion. While consumer PS revenue declined 4%, commercial PS revenue grew 5%, with unit volumes increasing 4%. HP anticipates mid-single-digit (MSD%) growth in the PS segment for fiscal 2025, driven by factors such as Windows 10 end-of-life, a refreshed PC installed base, and the rise of AI PCs, which are expected to comprise 20% of shipments.
HP anticipates more robust performance in the second half of fiscal 2025 as PC demand accelerates, supported by the commercial segment, premium consumer systems, and AI PCs. Commodity cost pressures impacting PS margins are expected to subside in the latter half of the fiscal year, aided by cost reductions and pricing strategies.
Ng remains neutral on HP, raising the 12-month price target based on a 10x P/E multiple. The revised valuation reflects HP&#8217;s market share gains in commercial and premium PC segments. Ng projects first-quarter adjusted EPS of $0.75.
Price Action: HPQ stock is down 12.5% at $34.22 at last check Wednesday.
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Image via Shutterstock.

Analyst Color

Reiteration

HP Faces Margin Pressure But Analysts See AI PCs Driving Growth In 2025

U.S. stocks traded lower midway through trading, with the Dow Jones index falling more than 100 points on Wednesday.
The Dow traded down 0.24% to 44,750.49 while the NASDAQ fell 0.96% to 18,991.03. The S&amp;P 500 also fell, dropping, 0.49% to 5,991.97.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/42188912/jim-cramer-linde-is-a-terrific-company-sees-another-stock-up-75-as-not-done">Jim Cramer: Linde Is A &#8216;Terrific&#8217; Company, Sees Another Stock Up 75% As &#8216;Not Done&#8217;</a>
Leading and Lagging Sectors Real estate shares jumped by 1% on Tuesday.
In trading on Tuesday, information technology shares fell by 1.8%.
Top Headline
U.S. crude oil inventories declined by 1.844 million barrels in the week ended Nov. 22, compared to market estimates of a 1.1 million fall.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Urban Outfitters, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>) shares shot up 15% to $46.07 following third-quarter earnings. Citigroup upgraded the stock to Buy following the report.</li>
<li>Shares of Iris Energy Limited &nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>) got a boost, surging 26% to $12.00 on the heels of the company's first-quarter financial results. Multiple analysts raised price targets following the print.</li>
<li>Unusual Machines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMAC#NYSE">UMAC</a>) shares were also up, gaining 82% to $10.08 after the company announced that Donald Trump Jr. has joined its advisory board.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Symbotic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYM#NASDAQ">SYM</a>) shares dropped 40% to $22.44 after the company cut its first-quarter revenue forecast.</li>
<li>Shares of Outlook Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTLK#NASDAQ">OTLK</a>) were down 61% to $1.8900 after the company announced it plans to resubmit the biologics license application for ONS-5010 after reporting preliminary topline results of its Norse eight clinical trial.</li>
<li>HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) was down, falling 13% to $34.10 after the company reported fourth-quarter financial results and issued first-quarter adjusted EPS guidance below estimates.</li>
</ul>
Commodities In commodity news, oil traded up 0.1% to $68.84 while gold traded up 0.7% at $2,640.80.
Silver traded down 0.7% to $30.170 on Wednesday, while copper rose 0.7% to $4.1475.
Euro zone
European shares were mostly lower today. The eurozone's STOXX 600 slipped 0.25%, Germany's DAX fell 0.23% and France's CAC 40 dipped 0.78%. Spain's IBEX 35 Index fell 0.30%, while London's FTSE 100 rose 0.14%.
The GfK Consumer Climate Indicator for Germany declined to a reading of -23.3 points heading into December, recording the lowest level since May.
Asia Pacific Markets
Asian markets closed mostly higher on Wednesday, with Japan's Nikkei 225 falling 0.80%, Hong Kong's Hang Seng Index gaining 2.32%, China's Shanghai Composite Index climbing 1.53% and India's BSE Sensex gaining 0.29%.
Economics
<ul>
<li>The U.S. economy grew by an annualized rate of 2.8% in the third quarter, the same as in the flash reading, versus 3% in the previous quarter.</li>
<li>U.S. initial jobless claims came in unchanged at 213,000 for the week ending Nov. 23, compared to market estimates of 216,000.</li>
<li>The U.S. goods trade deficit shrank to $99.1 billion in October versus a revised gap of $108.7 billion in the previous month.</li>
<li>U.S. wholesale inventories increased by 0.2% month-over-month to $905 billion in October, compared to a 0.2% decline in the prior month.</li>
<li>The Chicago PMI fell to 40.2 in November compared to 41.6 in September.</li>
<li>U.S. crude oil inventories declined by 1.844 million barrels in the week ended Nov. 22, compared to market estimates of a 1.1 million fall.</li>
<li>U.S. personal income increased by 0.6% month-over-month to $24.96 trillion in October, while personal spending rose by 0.4% to an annualized rate of $20.1 trillion.</li>
<li>The US core PCE price index increased by 0.3% month-over-month in October, the same pace as in the previous month, in-line with market estimates.</li>
<li>U.S. pending home sales rose 2% month-over-month in October compared to a revised 7.5% gain in September.</li>
</ul>
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Dow Falls Over 100 Points; US Crude Oil Stocks Decline

TD Cowen analyst Krish Sankar maintains HP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) with a Hold and raises the price target from $32 to $39.

TD Cowen Maintains Hold on HP, Raises Price Target to $39

Black Friday, known for its enticing discounts on the latest technology, may not always deliver the bargains shoppers expect. A recent study by KnownHost revealed that nearly a third of these &#8220;deals&#8221; aren&#8217;t <a href="https://www.benzinga.com/general/psychology/24/11/42196027/amazon-dominates-holiday-shopping-as-black-friday-spending-soars-goldman-sachs">genuine savings at all.</a>
What To Know: An analysis of 65 of the most anticipated Black Friday <a href="https://www.knownhost.com/blog/what-products-have-the-highest-price-hikes-before-black-friday/">tech deals</a> from last year showed that, while 78% of products participated in sales, about 30% experienced price increases before the event to create the illusion of deeper discounts. 
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Only 42% of items had stable prices leading up to Black Friday before significant price drops, representing authentic deals. In comparison; 29% of products saw price hikes before Black Friday, with the average being a 20.5% increase, before dropping on the sale. 
According to the KnownHost report, Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) products were some of the biggest offenders. The largest price hike in the week before Black Friday was Amazon&#8217;s Fire TV Stick, which saw its price double before the sales event. The price of Amazon's Echo Buds rose 46% and the Amazon Fire Max 11 Tablet saw a price increase of 35% in the week before Black Friday. 
Other products that saw large price increases were HP, Inc.'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) HP 14 laptop with a 27% increase and Samsung's Galaxy Z Fold 5 phone up 16%. 
Benzinga has contacted Amazon for comment on the KnownHost report. 
Tech accessories are mostly likely to experience hikes ahead of Black Friday sales, the report showed, followed by headphones, smartwatches and laptops. 
TVs and tablets were the least likely to have seen increased prices leading up to Black Friday, and therefore, the categories where shoppers are most likely to find genuine savings. 
"Black Friday can be as good as it seems with genuine deals still available to save money and get presents just before Christmas, but checking these deals out beforehand is important," KnownHost said in its report.&nbsp;
Read More: 
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<li><a href="https://www.benzinga.com/24/11/42194570/starbucks-employee-systems-down-after-software-provider-suffers-ransomware-attack">Starbucks&#8217; Employee Systems Down After Software Provider Suffers Ransomware Attack</a></li>
</ul>
Image: Gerd Altmann from Pixabay

Retail Sales

AMZN

Black Friday Discounts Too Good To Be True? Survey Shows Only 42% Of Sales Are Authentic

Citigroup analyst Asiya Merchant maintains HP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) with a Neutral and lowers the price target from $37 to $36.5.

Citigroup Maintains Neutral on HP, Lowers Price Target to $36.5

Barclays analyst Tim Long maintains HP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) with a Equal-Weight and raises the price target from $32 to $35.

Barclays Maintains Equal-Weight on HP, Raises Price Target to $35

Shares of&nbsp;HP Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) experienced a significant decline, falling by 8.08% in pre-market trading on Wednesday, following the release of its fourth-quarter projections that failed to meet market expectations.
HP Inc. reported earnings of $0.93 per share, which aligned with analyst expectations. Revenue reached $14.05 billion, surpassing the consensus estimate of $13.99 billion and marking an increase from the previous year&#8217;s $13.82 billion, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Despite the revenue beat, HP&#8217;s earnings forecast for the fiscal first quarter fell short of analyst predictions. The company anticipates earnings, excluding certain items, to range between 70 cents and 76 cents per share, while analysts expected 86 cents, as <a href="https://www.bloomberg.com/news/articles/2024-11-26/hp-gives-lackluster-profit-outlook-on-slow-pc-market-recovery">per</a>&nbsp;Bloomberg&nbsp;data. For the fiscal year, HP projects profits between $3.45 and $3.75 per share, compared to the average estimate of $3.60.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42197276/anthony-scaramucci-trump-win-is-the-greatest-political-comeback-in-us-history-crypto-surge-following-it-was-3-years-overdue?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Anthony Scaramucci: Trump Win Is &#8216;The Greatest Political Comeback In US History,&#8217; Crypto Surge Following&nbsp;It Was 3 Years Overdue</a>
Enrique Lores, HP&#8217;s CEO, attributed the profit challenges to rising component costs rather than demand issues. He expressed optimism that part prices would decrease over the year. 
Meanwhile, as per <a href="https://pro.benzinga.com/">Benzinga Pro</a>, HP&#8217;s consensus price target is $33.88, with the highest target of $41 from JP Morgan and the lowest of $30 from Wells Fargo.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/news/24/11/42154628/larry-page-google-co-founder-said-hed-leave-his-fortune-to-elon-musk-over-charity-because-of-his-plans-to-go-to-mars-to-back-up-humanity?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Larry Page, Google Co-Founder, Said He&#8217;d Leave His Fortune To Elon Musk Over Charity Because Of His Plans&nbsp;&#8216;To Go To Mars To Back Up Humanity&#8217;</a></li>
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

HP Shares Plunge In Wednesday Pre-Market After Weak Q4 Projections

U.S. stock futures were lower this morning, with the Dow futures falling around 50 points on Wednesday.
Shares of Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) fell sharply in today's pre-market trading following <a href="https://www.benzinga.com/news/earnings/24/11/42201885/dell-technologies-shares-drop-after-q3-revenue-misses-estimates-details">third-quarter results</a>.
Dell Technologies reported quarterly earnings of $2.15 per share, which beat the analyst consensus estimate of $2.05. Quarterly revenue came in at $24.37 billion, which missed the consensus estimate of $24.65 billion and is an increase over revenue of $22.25 billion from the same period last year.
Dell reported better-than-expected earnings for its third quarter, while sales missed estimates.
Dell shares tumbled 13.1% to $123.24 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>Primega Group Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGHL#NASDAQ">PGHL</a>) shares tumbled 89.2% to $11.65 in pre-market trading after surging 919% on Tuesday.</li>
<li>Grifols, S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRFS#NASDAQ">GRFS</a>) shares fell 17.7% to $7.18 in pre-market trading.</li>
<li>3D Systems Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DDD#NYSE">DDD</a>) fell 15% to $2.90 in pre-market trading after the company reported worse-than-expected third-quarter financial results and issued FY24 revenue guidance below estimates</li>
<li>Guess?, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GES#NYSE">GES</a>) fell 12.7% to $15.13 in pre-market trading after the company reported a year-over-year decrease in third-quarter adjusted EPS results.</li>
<li>Workday, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) shares dipped 10.1% to $242.95 in pre-market trading after the company revised its FY25 subscription revenue guidance.</li>
<li>Frontline plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>) shares declined 9.2% to $16.40 in pre-market trading following third-quarter earnings.</li>
<li>HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) dipped 8.7% to $35.69 in pre-market trading. HP reported in-line earnings for its fourth quarter, while sales topped estimates. HP said it expects first-quarter adjusted earnings of between 70 cents and 76 cents per share, versus the 85 cent estimate, and fiscal 2025 earnings of between $3.45 and $3.75 per share, versus the $3.60 estimate.</li>
<li>Autodesk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) shares declined 8.2% to $292.06 in pre-market trading following third-quarter earnings.</li>
<li>POET Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POET#NASDAQ">POET</a>) shares declined 7.7% to $4.67 in pre-market trading after announcing a $25 million registered direct offering.</li>
<li>CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) shares dipped 5.5% to $344.37 in pre-market trading. CrowdStrike posted upbeat results for its third quarter. The company said it expects fourth-quarter revenue to be between $1.029 billion and $1.035 billion versus estimates of $1.03 billion. The company anticipates fourth-quarter adjusted earnings of 84 cents to 86 cents per share versus estimates of 86 cents per share.</li>
<li>TriMas Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRS#NYSE">TRS</a>) declined 4.2% to $25.31 in pre-market trading.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/42188912/jim-cramer-linde-is-a-terrific-company-sees-another-stock-up-75-as-not-done">Jim Cramer: Linde Is A &#8216;Terrific&#8217; Company, Sees Another Stock Up 75% As &#8216;Not Done&#8217;</a></li>
</ul>

GRFS

PGHL

POET

Dell, HP, CrowdStrike, 3D Systems And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

WIIM

HP shares are trading lower after the company reported Q4 financial results and issued Q1 adjusted EPS guidance below estimates.

U.S. stock futures declined in premarket hours as traders digested new appointments for the key cabinet positions by President-elect Donald Trump. Hoards of data are expected to be released today which could give a clearer picture of where interest rates are headed.
Futures for the three major U.S. indices dropped and U.S. Dollar Index fell near the 106.5 level. However, the broader small-cap index Russell 200 futures were trading higher during the premarket. The two-year and 10-year U.S. Treasuries slipped to 4.21% and 4.26% respectively as the expectations of a further 25 basis point rate cut in December rose to just 66.3% now, according to CME Group&#8217;s FedWatch tool.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.34%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.16%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.06%</td>
</tr>
<tr>
<td>R2K</td>
<td>0.59%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Wednesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was down 0.09% to $600.07 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 0.27% to $507.96, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Cues From The Last Session
The Dow Jones closed higher by around 124 points to 44,860.31 on Tuesday. The S&amp;P 500 rose 0.57% to 6,021.63, while the Nasdaq Composite rose 0.63% to close at 19,175.58 during Tuesday&#8217;s session. Both, Dow Jones and S&amp;P 500 surged to fresh record levels <a href="https://www.benzinga.com/news/earnings/24/11/42207507/dow-sp-500-settle-at-record-highs-fear-greed-index-remains-in-greed-zone">during the session</a>.
Most sectors on the S&amp;P 500 closed on a positive note, with utilities, communication services, and consumer discretionary stocks recording the biggest gains on Tuesday. However, energy and materials stocks bucked the overall market trend, closing the session lower.
On the economic data front, the S&amp;P CoreLogic Case-Shiller home price index rose 4.6% year-over-year in September versus a 5.2% increase in August. Sales of new single-family homes in the U.S. dipped by 17.3% to an annualized rate of 610,000 in October.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>0.63%</td>
<td>19,175.58</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.57%</td>
<td>6,021.63</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.28%</td>
<td>44,860.31</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.73%</td>
<td>2,424.31</td>
</tr>
</tbody>
</table>
</figure>
Also read: <a href="https://www.benzinga.com/news/earnings/24/11/42207507/dow-sp-500-settle-at-record-highs-fear-greed-index-remains-in-greed-zone">Dow, S&amp;P 500 Settle At Record Highs, Best Buy Reports Weaker Than Expected Earnings: Fear Index Remains In &#8216;Greed&#8217; Zone</a>
Insights From Analysts Comparing the average performance per day of the S&amp;P 500 Index from 1950 to 2023, Ryan Detrick, CMT and chief market strategist at Carson Group LLC said in an X (formerly Twitter) post that &#8220;now is one of the stronger times of the year for stocks.&#8221;
The chart shared by him showed that the average returns on the index from the dates Nov. 23 to Nov. 30 have been consecutively positive over the last 73 years.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Now is one of the stronger times of the year for stocks. <a href="https://t.co/Hh4kA7xx6V">pic.twitter.com/Hh4kA7xx6V</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1861409159167549682?ref_src=twsrc%5Etfw">November 26, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Speaking about Tuesday&#8217;s cross-asset volatility, Mark Newton, CMT, Managing Director and global head of technical strategy at Fundstrat Global Advisors LLC said that the markets &#8220;got the long-awaited 10-year Treasury and U.S. Dollar rollover while Crude and Precious metals all fell more than 3% today.&#8221;
He added that &#8220;despite a +0.91% equal-weighted $SPX advance today (Tuesday), some might have felt like the market &#8220;got killed&#8221; Not quite, but important to pay close attention given the Cross-asset Volatility that kicked in today.&#8221;
Upcoming Economic Data
Here are the key events lined up for Wednesday.
<ul>
<li>Initial jobless claims, advanced durable goods orders, U.S. trade balance, retail and wholesale inventories, and the first revision of GDP will be released at 8:30 a.m. ET.</li>
<li>Chicago Business Barometer (PMI) will be released at 9:45 a.m. ET.</li>
<li>Nominal personal income and spending data will be released at 10 a.m. ET.</li>
<li>PCE index and pending home sales data will be released at 10 a.m. ET.</li>
</ul>
Stocks To Watch:
<ul>
<li>Crowdstrike Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) was down over 6% in premarket after it reported a GAAP loss of $16.8 million in the third quarter, compared to the income of $26.7 million in the third quarter of fiscal 2024. Loss from operations as per GAAP standards stood at $55.7 million, compared to income of $3.2 million in the third quarter of fiscal 2024.</li>
<li>Dell Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) declined 13.22% in premarket as the third-quarter revenue came in at $24.37 billion, which missed the consensus estimate of $24.65 billion.</li>
<li>HP Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) dipped 10% in pre-market trading. HP reported in-line earnings for its fourth quarter, while sales topped estimates.</li>
<li>Rigetti Computing, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) jumped over 11% in pre-market trading after dipping 20% on Tuesday. The company announced a registered direct offering of 50 million shares at $2 per unit.</li>
<li>HWH International Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWH#NASDAQ">HWH</a>) was up 100% in premarket after Alset Inc. bought 4,411,764 of its shares for a total of approximately $2.99 million. It was priced at 0.68 each, according to SEC filing.</li>
</ul>
Commodities, Gold And Global Equity Markets:
Crude oil futures rose in the early New York session, advancing 0.25% to hover around $68.96.
The Gold spot rose 1% to 2,673.01 per ounce.
Japanese and Korean markets fell on Tuesday, while Chinese, Australian, Indian and Hong Kong markets ended in green. Most European markets declined.
<ul>
<li>Read next: <a href="http://JD Vance's Investment Playbook Has Bitcoin And ETFs: Here's What Else The VP-Elect Is Betting On">JD Vance&#8217;s Investment Playbook Has Bitcoin And ETFs: Here&#8217;s What Else The VP-Elect Is Betting On</a></li>
</ul>
Image Created Using Midjourney

Economics

RGTI

Major US Stock Futures Slide, Small-Caps Buck Trend: Market Strategist Flags This As The 'Stronger Times Of The Year For Stocks'

Shares of Nutanix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>) rose sharply in today's pre-market trading after the company reported <a href="https://www.benzinga.com/quote/NTNX/news">better-than-expected first-quarter financial results.</a>
Nutanix reported quarterly earnings of 42 cents per share which beat the analyst consensus estimate of 31 cents per share. The company reported quarterly sales of $590.96 million which beat the analyst consensus estimate of $571.78 million.
Nutanix shares jumped 8.8% to $78.71 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>HWH International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWH#NASDAQ">HWH</a>) gained 82.1% to $1.12 in pre-market trading.</li>
<li>Cyclerion Therapeutics, Inc.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYCN#NASDAQ">CYCN</a>) rose 72.8% to $2.35 in pre-market trading.</li>
<li>Infobird Co., Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IFBD#NASDAQ">IFBD</a>) gained 56% to $2.87 in pre-market trading after declining around 6% on Tuesday.</li>
<li>T Stamp Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDAI#NASDAQ">IDAI</a>) gained 39.7% to $0.51 in pre-market trading after jumping around 103% on Tuesday.</li>
<li>Quantum Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QMCO#NASDAQ">QMCO</a>) climbed 24.8% to $21.50 in pre-market trading after dipping more than 20% on Tuesday.</li>
<li>Ambarella, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMBA#NASDAQ">AMBA</a>) gained 24.3% to $85.00 in pre-market trading after the company reported better-than-expected third-quarter financial results.</li>
<li>Creative Media &amp; Community Trust Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCT#NASDAQ">CMCT</a>) gained 15% to $0.2767 in pre-market trading.</li>
<li>Creative Global Technology Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGTL#NASDAQ">CGTL</a>) gained 13.6% to $4.44 in pre-market trading. Creative Global Technology priced its IPO at $4 per share.   </li>
<li>Rigetti Computing, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) gained 10.9% to $2.44 in pre-market trading after dipping 20% on Tuesday. The company announced a registered direct offering of 50 million shares at $2 per unit.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Primega Group Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGHL#NASDAQ">PGHL</a>) shares tumbled 89.2% to $11.65 in pre-market trading after surging 919% on Tuesday.</li>
<li>CIMG Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMG#NASDAQ">IMG</a>) shares fell 24.4% to $1.21 in pre-market trading after jumping 154% on Tuesday.</li>
<li>Grifols, S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRFS#NASDAQ">GRFS</a>) shares fell 17.7% to $7.18 in pre-market trading.</li>
<li>Blue Star Foods Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSFC#NASDAQ">BSFC</a>) fell 15.6% to $0.3120 in pre-market trading. Blue Star Foods shares jumped 55% on Tuesday after the company announced a $1.5 million buyback program.</li>
<li>3D Systems Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DDD#NYSE">DDD</a>) fell 15% to $2.90 in pre-market trading after the company reported worse-than-expected third-quarter financial results and issued FY24 revenue guidance below estimates.</li>
<li>Citius Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTXR#NASDAQ">CTXR</a>) declined 14.2% to $3.56 in pre-market trading after surging 24% on Tuesday.</li>
<li>Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) fell 13.1% to $123.24 in today's pre-market trading. Dell reported better-than-expected earnings for its third quarter, while sales missed estimates.</li>
<li>Guess?, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GES#NYSE">GES</a>) fell 12.7% to $15.13 in pre-market trading after the company reported a year-over-year decrease in third-quarter adjusted EPS results.</li>
<li>Workday, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) shares dipped 10.1% to $242.95 in pre-market trading after the company revised its FY25 subscription revenue guidance.</li>
<li>HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) dipped 8.7% to $35.69 in pre-market trading. HP reported in-line earnings for its fourth quarter, while sales topped estimates. HP said it expects first-quarter adjusted earnings of between 70 cents and 76 cents per share, versus the 85 cent estimate, and fiscal 2025 earnings of between $3.45 and $3.75 per share, versus the $3.60 estimate.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/42188912/jim-cramer-linde-is-a-terrific-company-sees-another-stock-up-75-as-not-done">Jim Cramer: Linde Is A &#8216;Terrific&#8217; Company, Sees Another Stock Up 75% As &#8216;Not Done&#8217;</a></li>
</ul>

AMBA

BSFC

CGTL

CMCT

CTXR

CYCN

IDAI

IFBD

QMCO

Why Nutanix Shares Are Trading Higher By 9%; Here Are 20 Stocks Moving Premarket

With U.S. stock futures trading mixed this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Frontline Plc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>) to report quarterly earnings at 45 cents per share on revenue of $361.42 million before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Frontline shares rose 1.1% to $18.26 in after-hours trading.</li>
<li>HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) reported in-line earnings for its fourth quarter, while sales topped estimates. HP said it expects first-quarter adjusted earnings of between 70 cents and 76 cents per share, versus the 85 cent estimate, and fiscal 2025 earnings of between $3.45 and $3.75 per share, versus the $3.60 estimate. HP shares fell 7.4% to $36.19 in the after-hours trading session.</li>
<li>Analysts are expecting Golden Ocean Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOGL#NASDAQ">GOGL</a>) to post quarterly earnings at 32 cents per share on revenue of $195.75 million. The company will release earnings before the markets open. Golden Ocean shares gained 0.4% to $10.90 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) reported better-than-expected earnings for its third quarter, while sales missed estimates. The company reported quarterly earnings of $2.15 per share, which beat the analyst consensus estimate of $2.05. Quarterly revenue came in at $24.37 billion, which missed the consensus estimate of $24.65 billion and is an increase over revenue of $22.25 billion from the same period last year. Dell shares tumbled 11.3% to $125.75 in the after-hours trading session.</li>
<li>CrowdStrike Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) posted upbeat results for its third quarter. The company said it expects fourth-quarter revenue to be between $1.029 billion and $1.035 billion versus estimates of $1.03 billion. The company anticipates fourth-quarter adjusted earnings of 84 cents to 86 cents per share versus estimates of 86 cents per share. CrowdStrike shares fell 5.7% to $343.38 in the after-hours trading session.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/42188912/jim-cramer-linde-is-a-terrific-company-sees-another-stock-up-75-as-not-done">Jim Cramer: Linde Is A &#8216;Terrific&#8217; Company, Sees Another Stock Up 75% As &#8216;Not Done&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Long Ideas

GOGL

HP, CrowdStrike And 3 Stocks To Watch Heading Into Wednesday

HP Inc.: This Stock Remains As A 'Show Me' Story

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What Moved Markets This Week

Trending stocks this week as holiday season begins with Thanksgiving break

Mastercard, Broadcom, Pfizer Among Two Dozen Companies To Announce Dividend Increases In December

HP Inc.: Buy The Dip And Wait For AI Wave To Drive PC Rebound

Jim Hin Kwong Au, an analyst from DBS, has initiated a new Buy rating on HP (HPQ). Jim Hin Kwong Au has given his Buy rating due to a combination R...

HP's Strategic Shift to AI-Powered PCs and Subscription Model Fuels Buy Rating

Intel stuck between foundry and hard place as it searches for new CEO

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Press Releases

2024 HP Work Relationship Index Reveals AI Users Have Healthier Relationships with Work

HP Transforms the Future of Work

HP Workforce Solutions Advances Strategy to Deliver Exceptional Employee Experiences

Introducing HP Print AI, Industry's First Intelligent Print Experiences for Home, Office, and Large Format Printing

"Nasdaq Stocks Set for Explosive Growth: BNZI, SEEL, PRSO, MSS, HSCS Revamp for Big Potential"

HP Strengthens Workforce Experience Platform with Acquisition of Vyopta

HP Equips Partners for the AI Era with New Amplify AI Program

HP Inc. to Announce Fourth Quarter Fiscal 2024 Earnings on Nov 26, 2024

As Applications & Uses Expand the Global Silica Market Size Expected to Reach $96 Billion By 2031

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水曜日, 8 14, 2024

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