NEW YORK (TheStreet) -- The CNBC "Fast Money" panel had an old colossus on its mind Thursday. Tech giant Hewlett Packard (HPQ) finished a mixed first quarter. Bottom-line results at the Palo-Alto, Calif.-based company beat expectations but top-line growth lagged. The price edged higher to nearly $34 a share.
The panel praised HP's renewed emphasis on enterprise services and cost cutting. The company also announced earlier in the day that it was selling a controlling stake in its China server, storage and technology storage unit for about $2.3 billion to Tsinghua Holdings, part of state-owned Tsinghua University.
San Francisco-based retailer GAP's (GPS) struggles over the past few years have been well-documented. The company announced Thursday its earnings fell below expectation for the quarter. During its conference call, Art Peck, who took over as CEO in late 2014, acknowledged the retailer had been "off brand" and that "our team's all over it."
Finerman considered Peck's admission encouraging news. "That's what you want to hear," she said. I'm going to stick with them. I'm long GAP."