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Is HP Stock a Buy Now?

TheMotleyFool

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HP's (NYSE: HPQ) stock rose 4% on June 1 after the PC and printer maker posted its second-quarter earnings report. Its revenue rose 4% year-over-year to $16.5 billion, which beat analysts' estimates by $310 million.

Its adjusted net income dipped 1% to $1.2 billion, or $1.08 per share, but still topped analysts' expectations by three cents. On a generally accepted accounting principles (GAAP) basis, its net income fell 19% to $1.0 billion.

HP's growth rates seem tepid, but investors often own its stock for stability and income instead of aggressive gains. Should investors buy HP's stock as rising interest rates drive investors away from riskier assets?

Source Fool.com

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