Tech Stock Is a Solid Value

Today, I am recommending HP Inc. (HPQ), the PC and printing business of the former Hewlett-Packard.

Since its formation in 2015, HPQ has performed much better than many expected. Its performance was aided by good demand for notebook computers. However, this triumph has neither been reflected in the stock price nor the 9X October 2020 fiscal year earnings per share (EPS) estimates.

With a dividend yield of 4.3%, I believe that there is good upside in the stock. I will have more detail in tomorrow’s Value Authority June issue.

Buy HPQ under $19. My target is $23.

If you are an Inner Circle subscriber who is following the Model Portfolio, buy a 5% position in HPQ in the Value segment.