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The Zacks Analyst Blog Highlights: Hewlett-Packard, IBM, Safe Bulkers, GlaxoSmithKline and Frank's International
Date:8/21/2014

year-over-year gain, so perhaps continuing to modernize the "old" model of PCs and and printers might be attained by putting some of this cash to use. Personal Systems and Enterprise Group were up 12% and 2%, respectively, while all other businesses were down single digits year over year.

The company also returned $881 million to shareholders via share repurchases and dividends in the quarter. HPQ stock, while down a tad in the after-market, remains near multi-year highs.

Eurozone Recovery Stalls: 3 Stocks to Sell Now

Hopes of economic recovery in Europe received another jolt last week. The Eurozone, the 18 nation bloc that comprises some of the behemoths, saw its second quarter GDP growth stagnating. This comes along with a 0.2% contraction in Germany's economy and Italy sliding to recession. The dismal data comes at a time when Europe's banking sector concerns have intensified following the crisis surrounding Portugal's banking giant Banco Espírito Santo.

The zone's manufacturing activity has also been choppy. Ahead of the GDP data, the European Union's (EU) statistics agency had reported the second consecutive month of decline in industrial production in the 18-nation bloc. Evidently, the economic recovery is fast losing momentum. In any case, it is debatable whether a recovery began at all.

Euro Area Sees Zero Growth; Germany Contracts, Italy Slips into Recession

According to the European Union's Statistics Office, economic growth in the euro area stalled in the second quarter. The zero growth reported by Eurostat was in contrary to expectations of a 0.1% increase. GDP had increased 0.2% in the Eurozone in the first quarter. Eurozone's $13 trillion economy contributes 17% of the global gross domestic product.

The powerhouse Germany saw a surprise
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SOURCE Zacks Investment Research, Inc.
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