Even with the markets beaten down, HP should beat the street today when it reports earnings after the closing bell.  PC sales have been booming, growing double digits.  The average analyst expects HP to beat by 2 to 3 cents.  With strong growth expected and future growth continuing upwards, most have this stock as a buy - Cramer included.

Earnings Update - as expected HP blasted away expectations after the bell.  HP had a 29% increase in net income and a 16% increase in revenue for the third quarter.  HPQ was up in after hours.

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