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

The technology sector closed the day up 2.1%. CyberDefender ( CYDE), Tegal Corporation ( TGAL), Orsus Xelent Technologies Inc ( ORS), and Zoo Entertainment Inc ( ZOOG) were all winners today within the technology sector with Hewlett-Packard ( HPQ) being today's featured technology winner. Hewlett-Packard rose $1.16 (4.9%) to $25.02 on average volume. Throughout the day, 26.6 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 28.9 million shares.

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 $45.7 billion and is part of the computer hardware industry. The company has a P/E ratio of 5.4, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 43.3% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Hewlett-Packard as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and a generally disappointing performance in the stock itself.

On the negative front, Enova Systems Inc ( ENA), WebMediaBrands Inc ( WEBM), NeoPhotonics ( NPTN), and Performance Technologies Inc ( PTIX) were all losers within the technology sector with Pendrell ( PCO) being today's technology sector Loser Spotlight stock.

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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