Still Hot on HP

In the past few months, we have been recommending that investors build a position in Hewlett-Packard (HPQ). After a great run in the first half of 2013, the stock has been in a correction mode since August. It recently bottomed below $21, on concerns that the turnaround, driven by CEO Meg Whitman, was beginning to derail. Analysts and investors had feared that the company would lower guidance at its Oct. 9 investor day.

To many investors' relief, the company guided 2014 earnings to a range of $3.55-$3.75 a share vs. the consensus of $3.63. Many feared that management would undercut the consensus by 10-15 cents a share. The stock rallied close to 9% on this positive news....553 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.