The S&P 500′s 10 Best Stocks So Far in 2013

Stocks are bouncing back from last year's underperformance

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Hewlett-Packard

HPQ1 The S&P 500's 10 Best Stocks So Far in 2013YTD Return: +69%

Hewlett-Packard (HPQ) is a stock that has been feeling the pain on multiple fronts across the last few years. A revolving door in the corner office, ill-advised buyouts of companies like Palm and Autonomy and a general listlessness in the mobile space all conspired against this one-time tech giant.

But Meg Whitman seems to be slowly turning this megacap around, focusing on enterprise hardware and software and cutting costs. Revenue is still under pressure, but the big one-time charges of 2012 are soundly in the rearview, and the restructuring seems to be paying dividends going forward.

And about that dividend — the cash-rich company yields 2.4%, even after the run-up — so investor demand has been propped up by the long-term income potential here, too, as well as the turnaround story.


Article printed from InvestorPlace Media, http://investorplace.com/2013/07/the-sp-500s-10-best-stocks-so-far-in-2013/.

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