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Los Angelas, CA -- (SBWIRE) -- 10/09/2012 -- Hewlett-Packard C (NYSE:HPQ) is very active today and traded between $14.41 - 14.815 with total traded volume of 32816848 shares. At a current price of 14.46, HPQ is -0.27 - -1.83% from the previous close of $14.73. Moreover, At Current Market Price, HPQ is in distance of -16.60% from its 50-day Moving Average price of $17.3374 and -29.32% from its 200-day Moving Average price of $20.459. Hewlett-Packard Company (NYSE:HPQ) made an announcement that French automaker Renault S.A. chose an HP Utility Services solution for support of the development of innovative new telematics services for its electric cars. Because of its alliance with Nissan, Renault is the fourth-largest automotive group globally, and it is a leader in zero emission transportation. Renault and Nissan have worked together to make large investments in developing electric cars, Lithium-ion batteries, and advanced telematics services. Renault chose HP Enterprise Cloud Services Utility Services for the hosting of its European IT infrastructure along with management of its technical applications, which delivers the correct computing capacity and allows the company to have more flexibility to meet its business needs at minimum cost. This pay-as-you-go financial model lowers Renault’s capital investment while ensuring that continuing costs are predictable. The flexible model allows for frequent adjustments for the support projected growth, and aligns with the service level agreements and high levels of security expected by Renault.
Can HPQ Bounce Back After The Recent Slump? FIND OUT HERE
American Express (NYSE:AXP) is very active today and traded between $58.34 - 58.89 with total traded volume of 3231973 shares. At a current price of 58.82, AXP is +0.26 - +0.44% from the previous close of $58.56. Moreover, At Current Market Price, AXP is in distance of +1.99% from its 50-day Moving Average price of $57.6723 and +2.38% from its 200-day Moving Average price of $57.4537. American Express Company (NYSE:AXP) or Discover credit card holders may soon be obtaining money from their card companies because the Consumer Financial Protection Bureau recently ordered the issuers to refund customers for illegal practices and deceptive marketing. American Express will have to repay approximately $85 million to some 250,000 customers. Cardholders who were promised $300 for enrolling in a Blue Sky Credit Card but never received the money will be paid that amount and customers who paid excessive late fees will also be reimbursed. In addition, the company will repay customers who paid off old debt when they were promised that their credit scores would improve as the payments were never reported to the credit bureaus.
Can AXP Continue To Move Higher? FIND OUT HERE
Chevron Corporati (NYSE:CVX) reported EPS of 13.426. For the Current Fiscal year, the company is expected to report EPS of 12.94. For the Next Quarter and Next Year, the company is expected to report EPS of 3.05 and 12.58 respectively. At Current Market Price, CVX is in distance of +2.43% from its 50-day Moving Average price of $114.832 and +9.71% from its 200-day Moving Average price of $107.211. Chevron Corporation (NYSE:CVX) and partners Noble Energy and ODYE (SL) Ltd. have been awarded a participating interest in deepwater offshore blocks SA 8A-10 and SL 8B-10 by the government of Sierra Leone. The two blocks were unified into one concession and lie between 75 and 110 miles southwest of Freetown, covering a combined area of around 2,100 sq. miles. The new blocks have average water depths between 4,900 to 9,800 feet. Chevron (SL) Ltd. will be operator with a 55 percent interest with Noble Energy SL Ltd. at 30 percent, and ODYE (SL) Ltd with 15.
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Shares of PetSmart, Inc (NasdaqNM:PETM) are trading at $70.75 and is +1.41% from its 50-day Moving Average price of $69.768 and +9.38% from its 200-day Moving Average price of $64.683. The average trading volume is 1239120 shares and its market capitalization is $7.654B. Credit Suisse says PetSmart (PETM, $70.75, +$2.34, +3.42%) "still has runway in top line and margins to keep earnings growth in the high teens range, a range that does not seem to be reflected in the stock price." While near-term comps may lose a couple of points from inflation, mid-single digits and margin leverage combined with share reductions and the benefits from the housing market recovery should keep growth above expectations, "which is our definition of an outperformer," the firm says.
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