Dow Today: Hewlett-Packard (HPQ) Higher

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 up 70 points (+0.5%) at 14,525 as of Wednesday, Mar 20, 2013, 10:35 a.m. ET. During this time, 119.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 607.4 million. The NYSE advances/declines ratio sits at 2,081 issues advancing vs. 701 declining with 156 unchanged.
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The Dow component leading the way higher looks to be Hewlett-Packard (NYSE: HPQ), which is sporting a 40-cent gain (+1.7%) bringing the stock to $23.51. This single gain is lifting the Dow Jones Industrial Average by 3.03 points or roughly accounting for 4.3% of the Dow's overall gain. Volume for Hewlett-Packard currently sits at 7.6 million shares traded vs. an average daily trading volume of 26.8 million shares.

Hewlett-Packard has a market cap of $44.38 billion and is part of the technology sector and computer hardware industry. Shares are up 62.2% year to date as of Tuesday'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 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.

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