Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, November 8, 2019

Article Excerpt

HP INC., $19.52, New York symbol HPQ, is still a hold. The stock jumped 9% for investors this week after this maker of computers and printers confirmed a takeover proposal from copy-machine maker Xerox Holdings Corp. (New York symbol XRX). That deal could be worth $23 per HP share. That would value HP at around $34 billion, which is far higher than Xerox’s current market cap of $8.6 billion. It’s possible the two firms could pursue an all-stock merger. That would let them cut jobs and other costs in the face of slowing sales of printers and ink. However, the deal would likely face strong opposition from regulators. HP recent coverage: November 2019 issue July 2019 issue NEWMONT GOLDCORP CORP., $36.61, New York symbol NEM, remains a buy, for your long-term growth and as a hedge against inflation. The company took its current form on April 18, 2019, when Newmont Mining acquired Goldcorp Inc. Newmont paid $9.4 billion in shares plus $17 million in cash for…

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