Hewlett-Packard Company, (HPQ): Founded in 1939 and is headquartered in Palo Alto, California, HP is a technology company that operates in more than 170 countries worldwide. HP operates its IT business in three groups, The Personal Systems Group, The Imaging and Printing Group, and The Technology Solutions Group.
Market is expecting a profit of $1.13 for the quarter ended October 2009, a jump of 10 cents a share compared to its actual profit it posted in the same quarter a year ago. The company posted a profit of $0.93, $0.86, and $0.91 in the quarters ended January 2009, April 2009, and July 2009 respectively.
Currently trading at around $50.00 just under its 52 week high of $51.43 with an average daily volume of about 14.5 million shares. HP is in my SHORT sell watch list for short term trading. Watch for earnings on Monday November 23, 2009 after market close.
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