Dow Today: Hewlett-Packard (HPQ) Higher
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
.
The
Dow Jones Industrial Average
(
^DJI
) is trading up 14 points at 14,977 as of Friday, Aug 23, 2013, 11:35 a.m. ET. During this time, 274.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 548.4 million. The NYSE advances/declines ratio sits at 1,717 issues advancing vs. 1,202 declining with 96 unchanged.
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The Dow component leading the way higher looks to be
(NYSE:
TheStreet Recommends
), which is sporting a two-cent gain to $22.24. This single gain is lifting the Dow Jones Industrial Average by 0.15 points or roughly accounting for 1.1% of the Dow's overall gain. Volume for Hewlett-Packard currently sits at nine million shares traded vs. an average daily trading volume of 14.7 million shares.
Hewlett-Packard has a market cap of $48.95 billion and is part of the technology sector and computer hardware industry. Shares are up 78.1% year to date as of Thursday's close. The stock's dividend yield sits at 2.3%.
Hewlett-Packard Company and its subsidiaries provide 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.
TheStreet Ratings rates Hewlett-Packard as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.
- You can view the full Hewlett-Packard Ratings Report.
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