Apple Inc (AAPL): Today's Featured Computer Hardware Winner
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
(
) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day up 0.7%. By the end of trading, Apple rose $12.92 (3.1%) to $430.12 on average volume. Throughout the day, 22,689,635 shares of Apple exchanged hands as compared to its average daily volume of 16,982,900 shares. The stock ranged in a price between $420.00-$433.62 after having opened the day at $420.45 as compared to the previous trading day's close of $417.20. Other companies within the Computer Hardware industry that increased today were:
(
), up 6.8%,
(
), up 5.8%,
(
), up 5.4% and
(
), up 5.4%.
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Apple Inc., together with subsidiaries, designs, manufactures, and markets personal computers, mobile communication devices, and portable digital music and video players, as well as sells various related software, services, peripherals, and networking solutions. Apple has a market cap of $383.3 billion and is part of the technology sector. The company has a P/E ratio of 9.8, below the S&P 500 P/E ratio of 17.7. Shares are down 23.3% year to date as of the close of trading on Friday.
TheStreet Ratings rates Apple as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
- You can view the full Apple Ratings Report.
On the negative front,
(
), down 7.2%,
(
), down 3.0%,
(
), down 2.3% and
(
), down 2.1% , were all laggards within the computer hardware industry with
(
) being today's computer hardware industry laggard.
- Use our computer hardware section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer hardware industry could consider
iShares Dow Jones US Technology
(
) while those bearish on the computer hardware industry could consider
ProShares Ultra Short Semiconductor
(
).
- Find other investment ideas from our top rated ETFs lists.
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