Jim Cramer Says "HP is Genuinely Hostage to Commodity Prices"

HP Inc. (NYSE:HPQ) is one of the stocks on Jim Cramer’s game plan for the week. Cramer does not believe that the company would be “able to make the numbers,” as he remarked:

“I would definitely not trade HP the same way. I think HP is genuinely hostage to commodity prices, and it won’t be able to make the numbers. Even though it went up almost 6% today, the stock’s a little…  it might not matter, but you know that’s not really a compelling reason to buy, is it?”

HP Inc. (NYSE:HPQ) provides personal computers, printers, 3D printing solutions, hybrid-work tools, and related services. During the September 9 episode, Cramer noted that the company keeps missing quarters. The Mad Money host commented:

“Oh, and then there’s another one, don’t tempt me, it’s HP, the printer and PC company that’s bought back 6% of its shares on average. No thanks. See, it keeps missing the quarter. A buyback can’t cover up these kinds of snafus.”

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Disclosure: None. This article is originally published at Insider Monkey.