Jim Cramer Says HP Buybacks Cannot Hide Weak Results

HP Inc. (NYSE:HPQ) is one of the stocks Jim Cramer highlighted recently. Cramer mentioned that the company keeps missing quarters, as he commented:

“Oh, and then there’s another one, don’t tempt me, it’s HP, the printer and PC company that’s bought back 6% of its shares on average. No thanks. See, it keeps missing the quarter. A buyback can’t cover up these kinds of snafus.”

Photo by AlphaTradeZone

HP Inc. (NYSE:HPQ) provides personal computing devices, printers, 3D printing, and related technologies, along with services for hybrid work and gaming. In an April episode, when a caller inquired about the company, as they wished to invest in 3D printing, Cramer responded:

“It will not be the needle mover for HPQ, and I do not like the PC business. So I’m going to have to suggest that you do not buy that stock. If you look at how it’s done, it’s not been a good one.”

The company stock has gained over 14% since the comment

While we acknowledge the risk and potential of HPQ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HPQ and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.