In an exclusive CNBC interview, Hewlett-Packard CEO Meg Whitman defends her company's turnaround strategy.» Read More
NEW YORK, Nov 27- U.S. stocks were little changed after the market opened on Wednesday as investors found few reasons to buy before the Thanksgiving holiday, with major indexes near historic highs. The Nasdaq Composite Index was up 9.16 points, or 0.23 percent, at 4,026.91. Shares of Hewlett-Packard Co jumped 8 percent to $27.15 after brokerage upgrades.
Hewlett-Packard CEO Meg Whitman says the PC trade has an excellent return on invested capital.
In an exclusive CNBC interview, Meg Whitman discusses Hewlett-Packard's plans for innovation and global strategy.
*Trading expected to be light ahead of Thanksgiving. NEW YORK, Nov 27- U.S. stock index futures pointed to a flat open on Wednesday as investors found few reasons to buy before the Thanksgiving holiday, with major indexes near historic highs, though Hewlett-Packard rallied after its results.
CNBC's Jon Fortt discusses HP's recent earnings surge and what opportunistic moves the company made.
Nov 27- Signs that Hewlett-Packard Co's turnaround plan is finally yielding results prompted at least one brokerage to raise its rating on HP shares and eight others to raise price targets, setting up the stock for a bounce on Wednesday.
*Trading expected to be light ahead of Thanksgiving. NEW YORK, Nov 27- U.S. stock index futures were little changed on Wednesday as investors found few reasons to buy before the Thanksgiving holiday and major indexes stood near historic highs.
Some of the names on the move ahead of the open.
*Trading expected to be light ahead of Thanksgiving. NEW YORK, Nov 27- U.S. stock index futures were little changed on Wednesday, as investors found few reasons to buy ahead of a market holiday with major indexes near all-time or multi-year highs, though Hewlett-Packard rose after its results.
Hewlett-Packard is reporting Q4 revenue of $29.13 billion. David Garrity, GVA Research, dissects the data.
Chinese shares outperformed on Wednesday while the rest of Asian shares fell on profit-taking and rising political tensions in the region.
Abhey Lamba, senior equity research analyst at Mizuho Securities USA, comments on HP's results and warns that the group's transition "won't be easy or quick."
A federal judge ordered HP and its CEO to defend a class action suit that claims they knew statements about Autonomy were misleading.
Nov 26- A California federal judge has ordered Hewlett-Packard Co and Chief Executive Meg Whitman to defend a securities shareholder class action that claims they knew statements about HP's acquisition of software company Autonomy were misleading.
*Rakuten jumps after being promoted to main board Topix. Nikon Corp, Ricoh Co Ltd and Canon Inc were in demand, up between 0.8 and 3.1 percent after U.S. Nikon is down 23.6 percent year-to-date and is the worst underperformer in the Nikkei this year, while the benchmark has rallied nearly 49 percent.
Brian White, Global Head of Technology Hardware & Software, Equity Research at Cantor Fitzgerald, says PC sales for Hewlett-Packard blew through expectations in the fourth quarter but he's skeptical on the company's turnaround story.
SAN FRANCISCO, Nov 26- Hewlett-Packard Co beat revenue forecasts as sales growth in its enterprise group inspired cautious optimism about the company's turnaround plan, and its shares rallied more than 7 percent.
Check out which companies are making headlines after the bell Tuesday.
SAN FRANCISCO, Nov 26- Hewlett-Packard Co's fourth-quarter revenue beat expectations as rising sales from its key enterprise group helped offset a shrinking personal computer business, an optimistic sign that sent its shares rallying more than 7 percent.
Hewlett Packard beats, reporting Q4 EPS of $1.01 ex-items on revenue of $29.13 billion, says CNBC's David Faber.