Apple Inc (AAPL): Today's Featured Computer Hardware Winner

Apple ( AAPL) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day up 1.7%. By the end of trading, Apple rose $12.69 (3.2%) to $409.22 on average volume. Throughout the day, 13,837,267 shares of Apple exchanged hands as compared to its average daily volume of 15,219,200 shares. The stock ranged in a price between $401.22-$412.27 after having opened the day at $402.69 as compared to the previous trading day's close of $396.53. Other companies within the Computer Hardware industry that increased today were: Interphase ( INPH), up 15.4%, Identive Group ( INVE), up 12.0%, Key Tronic Corporation ( KTCC), up 8.1% and Overland Storage ( OVRL), up 8.1%.

Apple Inc., together with subsidiaries, designs, manufactures, and markets personal computers, mobile communication devices, and portable digital music and video players, as well as sells various related software, services, peripherals, and networking solutions. Apple has a market cap of $369.6 billion and is part of the consumer goods sector. The company has a P/E ratio of 9.4, below the S&P 500 P/E ratio of 17.7. Shares are down 26.0% year to date as of the close of trading on Friday. Currently there are 29 analysts that rate Apple a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Apple as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the negative front, Performance Technologies ( PTIX), down 5.7%, Gigamon ( GIMO), down 3.2%, M/A-COM Technology Solutions Holdings ( MTSI), down 3.0% and Acorn Energy ( ACFN), down 2.6%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer hardware industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the computer hardware industry could consider ProShares Ultra Short Semiconductor ( SSG).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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