BlackRock’s Bob Doll commented on Hewlett-Packard stock weakness this morning. Last week HP CEO Mark Hurd’s resigned after an investigation found that he had falsified expense reportsto conceal a relationship with a female contractor.
“There are enough good things going on at HP and the stock is cheap enough that you can give it the benefit of the doubt — so I’d be a better buyer especially if there’s any more weakness,” Doll told CNBC. “I’m looking to add to the position, given the weakness we’ve seen.”
In addition to HP, Bob Doll found a host of large blue-chip tech companies such as Microsoft (MSFT, Financial) and Intel (INTC, Financial) attractive:
“I’ve been nibbling away at them,” Doll said of the firms. “These higher-quality, strong balance sheets, good free-cash flow [firms] make sense in this environment.”
Watch the video from CNBC:
“There are enough good things going on at HP and the stock is cheap enough that you can give it the benefit of the doubt — so I’d be a better buyer especially if there’s any more weakness,” Doll told CNBC. “I’m looking to add to the position, given the weakness we’ve seen.”
In addition to HP, Bob Doll found a host of large blue-chip tech companies such as Microsoft (MSFT, Financial) and Intel (INTC, Financial) attractive:
“I’ve been nibbling away at them,” Doll said of the firms. “These higher-quality, strong balance sheets, good free-cash flow [firms] make sense in this environment.”
Watch the video from CNBC:
