Hewlett-Packard Co (HPQ) Gains Contribute To Strong Performance

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 Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 0.5%. By the end of trading, Hewlett-Packard rose 29 cents (1.3%) to $22.22 on light volume. Throughout the day, 16.3 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 27.5 million shares. The stock ranged in a price between $21.89-$22.32 after having opened the day at $21.98 as compared to the previous trading day's close of $21.93. Other companies within the Technology sector that increased today were: First Solar ( FSLR), up 45.5%, Suntech Power Holdings ( STP), up 29.2%, LDK Solar Company ( LDK), up 23.4%, and Yingli Green Energy Holding Company ( YGE), up 21.1%.
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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 $42.71 billion and is part of the computer hardware industry. Shares are up 53.9% year to date as of the close of trading on Monday. Currently there are two analysts that rate Hewlett-Packard a buy, six analysts rate it a sell, and 15 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.

On the negative front, Affymetrix ( AFFX), down 13.7%, LookSmart ( LOOK), down 11.6%, Dialogic ( DLGC), down 10.5%, and LiveDeal ( LIVE), down 8.6%, were all laggards within the technology sector with Opentable ( OPEN) being today's technology sector laggard.

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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