Hewlett-Packard Co (HPQ): Today's Featured Computer Hardware Winner

Hewlett-Packard ( HPQ) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day up 1.4%. By the end of trading, Hewlett-Packard rose $0.40 (1.6%) to $25.58 on light volume. Throughout the day, 12,749,130 shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 18,540,100 shares. The stock ranged in a price between $25.20-$25.75 after having opened the day at $25.29 as compared to the previous trading day's close of $25.18. Other companies within the Computer Hardware industry that increased today were: Gigamon ( GIMO), up 13.3%, Stratasys ( SSYS), up 7.8%, Datalink Corporation ( DTLK), up 6.5% and Quantum Corporation ( QTM), up 5.1%.

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 $48.3 billion and is part of the technology sector. Shares are up 76.7% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Hewlett-Packard a buy, 5 analysts rate it a sell, and 15 rate it a hold.

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.

On the negative front, Performance Technologies ( PTIX), down 5.6%, Interphase ( INPH), down 3.9% and Dell ( DELL), down 2.1%.

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.
null

If you liked this article you might like

Apple Could Get to Zero Net Cash This Way, Says UBS

Apple Could Get to Zero Net Cash This Way, Says UBS

Carl Icahn Urges Xerox Shareholders to Block Fuji Deal

Carl Icahn Urges Xerox Shareholders to Block Fuji Deal

Intermediate Trade: HP Inc.

Intermediate Trade: HP Inc.

Best Stocks to Buy Now That the Dow Has Cratered

Best Stocks to Buy Now That the Dow Has Cratered

Investors Learned One Valuable Lesson Watching the Dow's 1,175-Point Crash

Investors Learned One Valuable Lesson Watching the Dow's 1,175-Point Crash