Dow Today: Hewlett-Packard (HPQ) Leads The Day Higher, JPMorgan Chase (JPM) Lags
The Dow component leading the way higher looks to be Hewlett-Packard (NYSE:HPQ), which is sporting a 24-cent gain (+1.2%) bringing the stock to $20.01. Holding back the Dow today is JPMorgan Chase (NYSE:JPM), which is lagging the broader Dow index with a 42-cent decline (-0.8%) bringing the stock to $48.86.
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. The Dow Jones Industrial Average ( ^DJI) is trading down 8.0 points at 14,067 as of Thursday, Feb 28, 2013, 9:55 a.m. ET. During this time, 53.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 628.6 million. The NYSE advances/declines ratio sits at 1,575 issues advancing vs. 1,099 declining with 173 unchanged.
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The Dow component leading the way higher looks to be Hewlett-Packard (NYSE: HPQ), which is sporting a 24-cent gain (+1.2%) bringing the stock to $20.01. Volume for Hewlett-Packard currently sits at 4.3 million shares traded vs. an average daily trading volume of 28.9 million shares. Hewlett-Packard has a market cap of $38.64 billion and is part of the technology sector and computer hardware industry. Shares are up 38.7% year to date as of Wednesday's close. The stock's dividend yield sits at 2.7%. 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 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.
Holding back the Dow today is JPMorgan Chase (NYSE: JPM), which is lagging the broader Dow index with a 42-cent decline (-0.8%) bringing the stock to $48.86. This single loss is lowering the Dow Jones Industrial Average by 3.18 points or roughly accounting for 39.8% of the Dow's overall loss. Volume for JPMorgan Chase currently sits at 2.1 million shares traded vs. an average daily trading volume of 23.8 million shares.
JPMorgan Chase has a market cap of $180.95 billion and is part of the financial sector and banking industry. Shares are up 12.1% year to date as of Wednesday's close. The stock's dividend yield sits at 2.5%. JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. The company has a P/E ratio of 10, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates JPMorgan Chase as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, increase in net income, revenue growth and attractive valuation levels. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.