Another Short-Term Win

After dropping in the premarket, HPQ Inc. (HPQ) is rallying strongly today after reporting mixed fiscal fourth-quarter results and giving guidance for fiscal 2024 that is assuming a strong finish to the year after a slow start.

We’ve done well here in barely 60 days, which is a blink for our fundamentally long-term value-oriented strategy and proof that the new program of “trading” positions is paying off. However, I am a little skeptical of the acceleration in PC sales enhanced by AI that management is counting on here.

With a solid profit in our hands, let’s take our second Value Trade winner off the table and sell HPQ.