While the S&P 500 Index ($SPX) has been hitting record highs in a frenzy, some sections of the market haven’t yet recovered from the tariff tantrum. HP Inc (HPQ), for instance, is down 21% this year. The stock, however, boasts a fat dividend yield of almost 4.5%. In this article, we’ll discuss whether the HP is a buy after its frustrating underperformance.
To begin with, let’s understand what’s been going wrong with HP stock. The company was affected by the tariffs, which ultimately increased costs and put pressure on its margins. Moreover, the unsupportive macro environment is negatively impacting PC demand and has hampered companies’ ability to raise prices despite the tariff headwind.
