HP Said ‘Executing A Turnaround,’ Stock Soars On Q4

By | November 27, 2013

Scalper1 News

Hewlett-Packard (HPQ) stock gapped up Wednesday after the troubled computer giant late Tuesday posted results and gave guidance that beat Wall Street views, prompting an analyst to say “HP is executing a turnaround.” But in his research report early Wednesday, Pacific Crest Securities analyst Brent Bracelin also was quick to add, of the turnaround, that “we are not sure it is sustainable.” Tuesday’s results offered a glimmer of hope, but analysts Scalper1 News

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