UBS Reiterates Buy on Hewlett-Packard (HPQ) Following Analyst Meeting

Energy stocks lift Wall St. on eve of Fed rate decision

September 16, 2015 7:28 AM EDT

By Sinead Carew

(Reuters) - Energy stocks pushed Wall Street higher on Wednesday due to an almost 6-percent jump in oil prices, but many investors stayed on the sidelines a day ahead of the U.S. Federal Reserve's decision on interest rates.

The energy index led a broad rally for the S&P 500 benchmark index with a 2.8 percent increase as crude oil prices settled up 5.7 percent after an unexpected drawdown in U.S. stockpiles.

"Energy was what gave it the initial spark and the fact the energy rally kept rolling gave people reassurance... More

Mizuho Securities Remains Neutral on Hewlett-Packard (HPQ) Following Analyst Day

September 16, 2015 7:24 AM EDT

Mizuho Securities maintained a Neutral rating and $30.00 price target on Hewlett-Packard (NYSE: HPQ) following the company's analyst day. Analyst Abhey Lamba said that although HP Inc. will likely remain a capital return story, HP Enterprise will likely be operated like a growth... More

BMO Capital Reiterated Market Perform on Hewlett-Packard (HPQ) Following Securities Analyst

September 16, 2015 7:18 AM EDT

BMO Capital maintained a Market Perform rating and $33.00 price target on Hewlett-Packard (NYSE: HPQ) following a securities analyst meeting. HPQ is guiding free cash flow to $4.5-5.0 billion (post-restructuring and separation charges) and non-GAAP EPS to $3.52-3.72. Management expects EPS to be negatively impactedby ~$0.60 or $1.0 billion (post-tax).... More

HP says printing and PC business to 'remain tough' in coming quarters

September 15, 2015 9:31 PM EDT

(Reuters) - Hewlett-Packard Co (NYSE: HPQ) said it expects the market for its computer and printer business - HP Inc, to remain tough for the "next several quarters," due to weak demand for personal computers.

The 76-year-old company, which has struggled to... More

After-Hours Stock Movers 09/15: (JST) (STRZA) (SIRO) Higher; (PAYC) (HPQ) Lower (more...)

September 15, 2015 5:27 PM EDT

Jinpan International (NASDAQ: JST) 10.1% HIGHER; announced that its Board of Directors has received a preliminary, non-binding proposal letter dated September 15, 2015 from Li Zhiyuan, the Company's Chairman of the Board of Directors, President, and Chief Executive Officer, and Forebright Smart Connection Technology Limited, to acquire all of the outstanding common shares of the Company not currently owned by the Buyer Group in a going private transaction for $4.50 per common share, subject to certain conditions.

Starz (NASDAQ: STRZA) 8.4% HIGHER; AMC... More

Market Wrap: Industrial Production Slumps in August; H-P Sees Big Job Cuts; Major Dental Supply Merger Announced

September 15, 2015 5:25 PM EDT

Market wrap for September 15th

End of the Day: S&P 500 up 25.1 to 1,978.09; Dow Jones up 228.9 to 16,599.85; Nasdaq up 54.8 to 4,860.52

Market Brief: U.S. markets rallied Tuesday ahead of the FOMC rate decision on Thursday. Generally, many don't expect a hike this week, bringing some relief following a tough market rout over the last few weeks.

Industrial production fell more than expected last month.

Facebook is testing a button that many won't "dislike."

H-P sees massive job cuts following spin of Hewlett Packard... More

HP to cut up to 33,300 jobs over next three years

September 15, 2015 4:54 PM EDT

By Abhirup Roy and Heather Somerville

(Reuters) - Hewlett-Packard Co (NYSE: HPQ), which plans to split into two listed companies this year, said it expected to cut about 33,300 jobs over three years as the tech pioneer adjusts to falling demand.

The latest cuts, on top of 55,000 layoffs previously announced under Chief Executive Meg Whitman, will mostly be in HP's faster-growing corporate hardware and services operations, to be spun off as Hewlett Packard Enterprise, or HPE, on Nov. 1.

The latest cuts indicate a reduction of the company's total workforce by... More

HP (HPQ) Updates on Outlook Following Hewlett Packard Enterprise (HPE) Spin; Sees Job Cuts

September 15, 2015 4:40 PM EDT

Hewlett-Packard (NYSE: HPQ)

Estimates non-GAAP diluted net EPS for fiscal 2016 of $1.85 to $1.95 and GAAP diluted net EPS for fiscal 2016 of $0.75 to $0.85Estimates free cash flow of $2.0 to $2.2 billion in fiscal 2016 or normalized free cash flow of $3.7 billion before separation and restructuring cash paymentsExpects to return at least 50% of free cash flow in fiscal 2016 to shareholders through dividends and share repurchases

Today at HP's 2015 Securities Analysts Meeting, the future Hewlett Packard Enterprise Company leadership team provided a strategy update and financial outlook for the new company.

Meg Whitman,... More

Hewlett-Packard (HPQ) sees cutting 25,000 - 30,000 jobs as part of restructuring - Bloomberg

September 15, 2015 4:34 PM EDT

Hewlett-Packard (NYSE: HPQ) sees cutting 25,000 - 30,000 jobs as part of restructuring, according to Bloomberg.

... More

Deutsche Bank Positive on Hewlett-Packard (HPQ) Split and Bullish Heading Into Analyst Day

September 14, 2015 10:49 AM EDT

Deutsche Bank maintained a Buy rating on Hewlett-Packard (NYSE: HPQ) with a price target of $45. Analyst Sherri Scribner said she was bullish on the stock heading into the company's analyst day. Scribner expects upbeat but conservative outlook for the two businesses.

"HP is hosting a Securities Analyst Day on Tues, Sept 15 in San Jose where the company will provide two separate sessions to discuss its two new... More