18 November Watchlist ๐Ÿ‘€

ย 

Today we are watching…

1.ย HPย (#hp)

Hewlett-Packard was once the crown jewel of an IT investorsโ€™ portfolio. Nowadays, we seldom use the term ‘ITโ€™ and HP has been demoted from nobility to now sell home printers. Itโ€™s a spectacular fall from grace. However, one big-name investor still resides in this shell of a company that once was, and his name is Carl Icahn! As a shareholder in fellow IT laggard, Xerox, the man’s not shy about his support for a merger. He endorsed the $33.5 billion bid from last week from Xerox, which popped HP’s stock, but to no avail, it seems. The offer was declined with thanks yesterday, leaving long-suffering investors a little heartbroken.

2. Xerox (#xerox)

Xerox is another familiar name to market old-timers. Like HP, it once had a bright IT future laying before it. However, also like HP, itโ€™s now shedding staff, cutting costs, and all-but waiting to die unless billionaire shareholder Carl Icahn can revive their merger. A trade on either company is a bet that Icahn can force through the deal. He โ€œbelieves very strongly in the synergies, and thinks a combination is a no-brainer.โ€ With the outlook so bleak at the moment, heโ€™s pitching that a unified company would decline slower than most investors predict, and that could prove the catalyst for a jump in stock price. First thingโ€™s first, however, Xerox needs to get down on one knee again and make HP a better marriage proposal.

Share:
More Posts
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visaยฎ Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.