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Hewlett-Packard Co (HPQ): Today's Featured Technology Winner

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.

Hewlett-Packard (HPQ) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 0.7%. By the end of trading, Hewlett-Packard rose $0.29 (1.0%) to $28.33 on light volume. Throughout the day, 9,539,886 shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 15,130,100 shares. The stock ranged in a price between $27.89-$28.41 after having opened the day at $28.14 as compared to the previous trading day's close of $28.04. Other companies within the Technology sector that increased today were: ATMI (ATMI), up 25.5%, Alvarion (ALVR), up 17.5%, Plug Power (PLUG), up 15.1% and Integrated Device Technology (IDTI), up 12.7%.

Hewlett-Packard Company, together with its subsidiaries, provides products, technologies, software, solutions, and services to individual consumers, small-and medium-sized businesses (SMBs), and large enterprises, including customers in the government, health, and education sectors worldwide. Hewlett-Packard has a market cap of $55.4 billion and is part of the computer hardware industry. The company has a P/E ratio of 11.1, below the S&P 500 P/E ratio of 17.7. Shares are up 0.2% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate Hewlett-Packard a buy, 3 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Hewlett-Packard as a hold. 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 poor profit margins and weak operating cash flow.

On the negative front, Alliance Fiber Optic Products (AFOP), down 22.4%, Kingtone Wirelessinfo Solution (KONE), down 19.0%, Peregrine Semiconductor (PSMI), down 16.1% and Park City Group (PCYG), down 10.8% , were all laggards within the technology sector with Ambarella (AMBA) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR (XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology (REW).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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