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Hewlett-packard Company (HPQ) [hlAlert]

down 23.50 %

Cramer's Top Five Dow Stocks: Hewlett-Packard (HPQ)

Posted on: Saturday,  Jan 10, 2009  10:18 AM ET by Cramer Dow picks for 2009

Cramer Dow picks for 2009 rated Buy Hewlett-packard Company (NYSE: HPQ) on 01/05/2009, when the stock price was $36.33.
Since then, Hewlett-packard Company has lost 23.51% as of 12/29/2015's recent price of $27.79.
If you would have followed this Cramer Dow picks for 2009's recommendation on HPQ, you would have lost 23.5% of your investment in 2549 days.

Hewlett-Packard Company is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including the public and education sectors. Its offerings span personal computing and other access devices; imaging and printing-related products and services; enterprise information technology infrastructure, including enterprise storage and server technology and software that optimizes business technology investments, and multi-vendor customer services, including technology support and maintenance, consulting and integration and outsourcing services, as well as application services and business process outsourcing. During the fiscal year ended October 31, 2008, its operations were organized into seven business segments: Enterprise Storage and Servers, HP Services, HP Software, the Personal Systems Group, the Imaging and Printing Group, HP Financial Services and Corporate Investments.

Jim Cramer is optimistic on the stock market for 2009. According to his analysis, the Dow Jones Industrial Average could produce a gain of 13.1% this year based on his predictions for the 30 components of the Dow. That’s not exactly a huge gain, but it’s also not something investors should sneeze at. Cramer thinks 2009 will be a tough year to call because he believes it will be split into two halves: the pre-bottom in housing and the post-bottom. Cramer hopes that President-elect Barack Obama will do whatever it takes to stimulate the economy and avoid 10% unemployment for the American workforce. However, if the economy falters and unemployment breaches 10%, then Cramer’s bullish view might not play out. Bottom line: Pay attention to unemployment and housing in 2009 because it will most likely determine the direction of the U.S. stock market. Recently, Cramer found some opportunities in infrastructure stocks that benefit from China’s stimulus plan, big drillers that could be short sales and his top five Dow stocks for the new year. Here are some Cramer highlights from over the past week as aggregated from his "Mad Money" TV show
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/5/2009 4:00 PM Buy
as of 12/31/2009
1 Week down  -10.66 %
1 Month down  -3.73 %
3 Months up  0.04 %
1 YTD up  30.00 %

(*) Stock Price at the time of the recommendation.
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