Investors have several stock picks today to watch. Last Friday, Hewlett-Packard Enterprise (HPE) traded 10% lower in premarket trade. Fortunately, the company announced a dividend hike of 9.6%, raising the quarterly dividend to $0.1425 a share. HPE stock closed at $23.33 on the day, up by 1.88%.
The company reported record Q4 profitable growth. Revenue grew by 14% Y/Y. The firm is prioritizing new network hardware sales.
DRAM cost signals are a headwind. Customers might accelerate their orders to avoid the higher cost of memory chips.
Cooper (COO) broke out in recent weeks, rising from the $70 support zone to close at $81.40 on Dec 5. The company posted a 3.9% Y/Y increase in revenue, to $1.06 billion. The firm has multifocal lenses that are being well-received by consumers.
In the clothing sector, Victoria’s Secret (VSCO) might continue its breakout that accelerated last week. VSCO stock closed at $49.05, up by 17.99% last Friday. It posted Q3 revenue growth of 9.2% Y/Y, to $1.47 billion. It raised its forecast for the fourth quarter. Revenue is up to $2.2 billion, compared to a $2.1 billion consensus estimate.
Victoria’s Secret investors may consider Buckle (BKE), American Eagle Outfitters (AEO), and Abercrombie & Fitch (ANF) to consider.
