Dow Today: Hewlett-Packard (HPQ) Leads The Day Higher, Wal-Mart Stores (WMT) Lags
The Dow component leading the way higher looks to be Hewlett-Packard (NYSE:HPQ), which is sporting a 56-cent gain (+2.4%) bringing the stock to $24. Holding back the Dow today is Wal-Mart Stores (NYSE:WMT), which is lagging the broader Dow index with a 30-cent decline (-0.4%) bringing the stock to $73.90.
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 87 points (+0.6%) at 14,746 as of Tuesday, Jun 25, 2013, 9:35 a.m. ET. During this time, 33.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 609.1 million. The NYSE advances/declines ratio sits at 2,177 issues advancing vs. 254 declining with 97 unchanged.
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The Dow component leading the way higher looks to be Hewlett-Packard (NYSE: HPQ), which is sporting a 56-cent gain (+2.4%) bringing the stock to $24. This single gain is lifting the Dow Jones Industrial Average by 4.31 points or roughly accounting for 5% of the Dow's overall gain. Volume for Hewlett-Packard currently sits at 895,871 shares traded vs. an average daily trading volume of 20.4 million shares. Hewlett-Packard has a market cap of $46.57 billion and is part of the technology sector and computer hardware industry. Shares are up 64.4% year to date as of Monday'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.
Holding back the Dow today is Wal-Mart Stores (NYSE: WMT), which is lagging the broader Dow index with a 30-cent decline (-0.4%) bringing the stock to $73.90. Volume for Wal-Mart Stores currently sits at 323,988 shares traded vs. an average daily trading volume of 7.6 million shares.
Wal-Mart Stores has a market cap of $240.87 billion and is part of the services sector and retail industry. Shares are up 8.7% year to date as of Monday's close. The stock's dividend yield sits at 2.6%. Wal-Mart Stores, Inc. operates retail stores in various formats worldwide. The company operates in three segments: Walmart U.S., Walmart International, and Sam's Club. The company has a P/E ratio of 14.5, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Wal-Mart Stores as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, growth in earnings per share, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.