Market Overview

Fast Money Traders Give Their Opinion On HPQ Scandal


On CNBC's Fast Money, Karen Finerman said that Hewlett-Packard Company (NYSE: HPQ) is a very big company, and it takes more than one person to run it. But she also believes that shareholders can't be happy with the news like this, because Mark Hurd is an important asset of this company. She thinks that you should not rush in, and buy Hewlett-Packard Company (HPQ), but she wouldn't sell at this price either.

Steve Grasso thinks that it is great that this happened on Friday, and he expects a small fall follow through on Monday, but the stock is buyable at this level.

Anthony Scaramucci is worried by the fact that a big company like HPQ has no succession plan. If someone like Mark Hurd steps down they should have a replacement ready.

Gary Kaminsky thinks that institutional owners of Hewlett-Packard (HPQ) are in this stock for the management. He doesn't want to buy this stock on dips and technical indicators.

Joe Terranova thinks that International Business Machines Corp. (NYSE: IBM) could benefit on this event. Money managers could move from Hewlett-Packard (HPQ) to International Business Machines Corp. (IBM).

Louis Miscioscia, a Collins Stewart analyst, thinks that Mark Hurd was an exceptional CEO, and this scandal could have a negative long term impact. He doesn't see changes in the short term.

Hewlett-Packard (HPQ) is currently trading at $42.73, and its after hours low was at $39.92.


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Posted-In: Anthony Scaramucci CNBC Gary Kaminsky Joe TerranovaLong Ideas Short Ideas Media Trading Ideas