Carl Icahn Says Some Stocks Are Being 'Given Away' [Yahoo! Finance News]
HP Inc. (HPQ)
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Source: Yahoo! Finance News
The stock market has sold off to the point where some stocks are essentially being "given away," notable activist investor Carl Icahn said on CNBC's "Halftime Report" What Happened Even though the stock market is in an ongoing "state of collapse," investors can have their pick of a few "very cheap" shares, Icahn said. Icahn said he has been buying some stock, and most recently he upped his stake in Occidental Petroleum Corporation OXY Hertz Global Holdings Inc HTZ Despite the recent sell-off, Icahn said there are "many very overpriced" stocks with hefty multiples and a lot of debt. There are a lot of companies who may have made the mistake of over-borrowing cash to finance share buyback activities, Icahn said. Why It's Important Occidental, along with others like HP Inc HPQ Icahn said he has been bearish on stocks for quite some time and expects to see stocks sell off more, but he is "not quite as bearish" as he was in the past. Related Links: Carl Icahn Gets 10% Stake In Occidental P
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News
- Three Ways Businesses Can Prepare For The 2025 Trump Administration [Forbes]Forbes
- Ahead of HP (HPQ) Q4 Earnings: Get Ready With Wall Street Estimates for Key Metrics [Yahoo! Finance]Yahoo! Finance
- Enterprise Content Management ECM Market Surges to USD 120.27 Billion by 2030, Propelled by 16.1% CAGR - Verified Market Reports® [Yahoo! Finance]Yahoo! Finance
- What's El Capitan? And Other Big Data Center Questions [Forbes]Forbes
- HP Inc. (NYSE: HPQ) had its price target lowered by analysts at JPMorgan Chase & Co. from $42.00 to $41.00. They now have an "overweight" rating on the stock.MarketBeat
HPQ
Earnings
- 8/28/24 - Miss
HPQ
Sec Filings
- 11/12/24 - Form SC
- 11/8/24 - Form 3
- 11/5/24 - Form 4
- HPQ's page on the SEC website