Dow Jones Industrial Average



) is trading up 32 points (+0.2%) at 13,078 as of Friday, Mar 23, 2012, 12:35 p.m. ET. During this time, 314.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 818.6 million. The NYSE advances/declines ratio sits at 1,741 issues advancing vs. 1,127 declining with 155 unchanged.

The Dow component leading the way higher looks to be




), which is sporting a 31-cent gain (+1.4%) bringing the stock to $23.34. This single gain is lifting the Dow Jones Industrial Average by 2.35 points or roughly accounting for 7.3% of the Dow's overall gain. Volume for Hewlett-Packard currently sits at 7.9 million shares traded vs. an average daily trading volume of 17.8 million shares.

Hewlett-Packard has a market cap of $56.58 billion and is part of the


sector and

computer hardware

industry. Shares are down 10.6% year to date as of Thursday's close. The stock's dividend yield sits at 2%.

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 8.1, below the average computer hardware industry P/E ratio of 8.6 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Hewlett-Packard as a


. Among the primary strengths of the company is its attractive valuation levels, considering its current price compared to earnings, book value and other measures. At the same time, however, we also find weaknesses including deteriorating net income, poor profit margins and weak operating cash flow.