Hewlett-Packard Co (HPQ): 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.

Hewlett-Packard ( HPQ) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day up 0.3%. By the end of trading, Hewlett-Packard rose 27 cents (1.6%) to $17.10 on light volume. Throughout the day, 14.7 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 31 million shares. The stock ranged in a price between $16.74-$17.22 after having opened the day at $16.83 as compared to the previous trading day's close of $16.83. Other companies within the Computer Hardware industry that increased today were: XRS ( XRSC), up 31.5%, Concurrent Computer Corporation ( CCUR), up 3.9%, Echelon Corporation ( ELON), up 3.5%, and Palo Alto Networks ( PANW), up 3.2%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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. Hewlett-Packard has a market cap of $32.94 billion and is part of the technology sector. Shares are up 18.4% year to date as of the close of trading on Monday. Currently there is one analyst that rates Hewlett-Packard a buy, seven analysts rate it a sell, and 16 rate it a hold.

TheStreet Ratings rates Hewlett-Packard as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, poor profit margins and generally disappointing historical performance in the stock itself.

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 ( IYW) while those bearish on the computer hardware industry could consider ProShares Ultra Short Semiconductor ( SSG).

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.
null

If you liked this article you might like

Why This Former Tech CEO Thinks One of the Biggest Business Risks Is Fear

Hewlett Packard Enterprise Becomes the Latest Tech Titan to Slash Jobs

Microsoft's New Xbox One X Shows It's Done Trying to Please Everyone

Hewlett Packard Enterprise's Meg Whitman Joins Dropbox

Carly Fiorina Will Not Run for Senate in 2018