Dow Today: Hewlett-Packard (HPQ) Leads The Day 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 63 points (+0.4%) at 15,185 as of Wednesday, Jun 12, 2013, 9:35 a.m. ET. During this time, 19.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 600.8 million. The NYSE advances/declines ratio sits at 2,075 issues advancing vs. 449 declining with 104 unchanged.
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The Dow component leading the way higher looks to be Hewlett-Packard (NYSE: HPQ), which is sporting a 76-cent gain (+3.1%) bringing the stock to $25. This single gain is lifting the Dow Jones Industrial Average by 5.75 points or roughly accounting for 9.1% of the Dow's overall gain. Volume for Hewlett-Packard currently sits at 1.2 million shares traded vs. an average daily trading volume of 22.3 million shares.

Hewlett-Packard has a market cap of $47.23 billion and is part of the technology sector and computer hardware industry. Shares are up 70.1% year to date as of Tuesday's close. The stock's dividend yield sits at 2.4%.

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 hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.

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