Shares of HP (HPQ) stock have been trending higher of late as broader markets sag lower, thanks in part to Warren Buffett's big vote of confidence in his sizeable stake. At just 6.7 times trailing earnings, HPQ stock is undeniably cheap. Even in the face of a potential recession, HP stock looks priced with not much in mind for the next 18 months. Though the stock has slipped in recent trading sessions, it is down just 2% year to date, outdoing the broader S&P 500, which finds itself down around 13% year to date. Indeed, you can find comfort in Warren Buffett's ownership and the stock's rock-bottom multiple.
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HP (NYSE:HPQ)
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HP (NYSE:HPQ)
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From Aug 2021 to Aug 2022 Click Here for more HP Charts.