Dow Today: Hewlett-Packard (HPQ) Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

The Dow Jones Industrial Average (^DJI) is trading up 231 points (+1.8%) at 13,278 as of Thursday, Sep 6, 2012, 12:40 p.m. ET. During this time, 369 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 586.8 million. The NYSE advances/declines ratio sits at 2,385 issues advancing vs. 560 declining with 99 unchanged.

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The Dow component leading the way higher looks to be Hewlett-Packard (NYSE:HPQ), which is sporting a 32-cent gain (+1.9%) bringing the stock to $17.59. This single gain is lifting the Dow Jones Industrial Average by 2.42 points or roughly accounting for 1% of the Dow's overall gain. Volume for Hewlett-Packard currently sits at 14.3 million shares traded vs. an average daily trading volume of 20.1 million shares.

Hewlett-Packard has a market cap of $33.5 billion and is part of the technology sector and computer hardware industry. Shares are down 34% year to date as of Wednesday's close. The stock's dividend yield sits at 3.1%.

Hewlett-Packard Company and its subsidiaries provide products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), as well as to the government, health, and education sectors worldwide. The company has a P/E ratio of 6.8, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Hewlett-Packard as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally high debt management risk and generally disappointing historical performance in the stock itself.

• You can view the full Hewlett-Packard Ratings Report.

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