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 3.6%. By the end of trading, Hewlett-Packard rose $1.14 (4.5%) to $26.53 on average volume. Throughout the day, 19.5 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 24.9 million shares. The stock ranged in a price between $25.62-$26.62 after having opened the day at $25.96 as compared to the previous trading day's close of $25.39. Other companies within the Technology sector that increased today were:

Energy Conversion Devices Inc

(

ENER

), up 41.9%,

XFONE Inc

(

XFN

), up 33.1%,

Pansoft Company

(

PSOF

), up 24.1%, and

Powerwave Technologies Inc

(

PWAVD

), up 18.8%.

Hewlett-Packard Company offers various 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. Hewlett-Packard has a market cap of $52.95 billion and is part of the

computer hardware

industry. The company has a P/E ratio of 5.3, below the average computer hardware industry P/E ratio of eight and below the S&P 500 P/E ratio of 17.7. Shares are down 39.7% year to date as of the close of trading on Friday.

TheStreet Ratings rates Hewlett-Packard as a

hold

. Among the primary strengths of the company is its reasonable 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.

On the negative front,

Bridgeline Digital Inc

(

BLIN

), down 13.3%,

Dynasil Corporation of America

(

DYSL

), down 13%,

Onstream Media Corporation

(

ONSM

), down 11.8%, and

Banks.com Inc

(

BNX

), down 10.8%, were all losers within the technology sector with

Power-One Inc

(

PWER

) being today's technology sector loser.

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

).

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