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MARKETS LIVE BLOG:

STOCKS TRADE MIXED, TESLA SURGES DAY AFTER EARNINGS

Tesla shares jump after EV maker vows to speed up launch of more affordable models

Is HP Stock a Buy Now?

Leo Sun, The Motley Fool
·4 min read
Is HP Stock a Buy Now?

Shares of HP (NYSE: HPQ) dropped 4% during after-hours trading on May 30 following the PC and printer maker's latest earnings report. It experienced a growth spurt during the pandemic as more consumers purchased new PCs for remote work, online classes, and video games, but those tailwinds dissipated in a post-pandemic world. Its commercial PC and printing businesses offset some of that post-pandemic slowdown as companies upgraded their hardware again, but that recovery was disrupted by macro headwinds over the past year.

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