What Jim Cramer Likes About Hewlett Packard (HPQ)

NEW YORK (TheStreet) -- TheStreet's Jim Cramer said he was very impressed with Hewlett Packard  (HPQ) CEO Meg Whitman when he and David Faber went at her on CNBC on Thursday morning.

The two were concerned about some line items that were not that strong, such as printers and enterprise. But Cramer says Whitman had an answer for everything and the stock consequently went from down 1% to one of the leaders in the market on Thursday.

Cramer likes the company's extraordinary cash flow generation, its ability to make acquisitions and its 1% revenue growth. He also notes the company is "starting to play offense." Cramer says there is not a lot to like about Hewlett-Packard, but there is "enough to like."

Must Watch: Jim Cramer Says There's Enough to Like About Hewlett Packard

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TheStreet Ratings team rates HEWLETT-PACKARD CO as a "hold" with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

"We rate HEWLETT-PACKARD CO (HPQ) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins."

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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