Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Two Ways: HP Unleashes on China


Strengthen your portfolio in good times and bad.


HP Steaming Ahead in China

Hewlett-Packard (HPQ) is in talks with China's three mobile carriers about offering netbooks to China's low-cost consumer. According to The Wall Street Journal, HP unveiled a number of new products today and is in negotiations with China Mobile (CHL), China Unicom (CHU), and China Telecom (CHA).

In the tough economic climate, the world's largest maker of personal computers is hoping to expand its revenue in the country just as PC demand appears to be making a comeback. In its second fiscal quarter that ended April 30, HP's sales in China grew at a faster rate than the entire Chinese PC market. The company was able to increase its market share to 13.7% in the first calendar quarter from 10.9% in the previous quarter.

From the Bull Pen: Those bullish HPQ can set a sell stop below $33.50. China Mobile also seems like a worthy buy candidate. One can set a sell stop on CHL below $46.

From the Bear Cave: For bearish tech plays, one can continue to look to AT&T (T). The stock is reapproaching the $25 level (previous support which should now acts as overhead resistance). A buy stop can be set 2% above entry.

Quick Check Around the World

Asian trading closed with the Hang Seng 5.26%, India 3.83%, Nikkei 1.37%, Shanghai 1.71% and Taiwan 3.10%.

Glancing towards Europe, we see the CAC 0.55%, DAX 0.25%, FTSE -0.01%

As of 8:10 AM EST, S&P Futures are trading -2 to 910.00, and Nasdaq futures are -1 to 1412.61.

A Look at Commodities

Over in commodities, crude oil is trading +0.50 to 62.95 while gold is -5.30 at 948.00 this morning. Silver is -0.130 to 14.46 and copper -1.60 to 212.50.

The dollar index is +0.3850 to 80.5900.

On the Radar


10:00 Existing Home Sales 4.65m

Click here for the full trading radar.

It's already hump day. Good luck!

Actionable ideas, instant analysis. Real-time from bell to bell.
Minyanville's Buzz & Banter - 14 day FREE trial

< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos