Dow Today: Hewlett-Packard (HPQ) Higher

The Dow Jones Industrial Average ( ^DJI) is trading up 132 points (+0.9%) at 15,423 as of Thursday, Jul 11, 2013, 12:35 p.m. ET. During this time, 246.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 612 million. The NYSE advances/declines ratio sits at 2,501 issues advancing vs. 485 declining with 57 unchanged.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

The Dow component leading the way higher looks to be Hewlett-Packard (NYSE: HPQ), which is sporting a 41-cent gain (+1.6%) bringing the stock to $26.34. This single gain is lifting the Dow Jones Industrial Average by 3.1 points or roughly accounting for 2.3% of the Dow's overall gain. Volume for Hewlett-Packard currently sits at 9.9 million shares traded vs. an average daily trading volume of 17.6 million shares.

Hewlett-Packard has a market cap of $49.12 billion and is part of the technology sector and computer hardware industry. Shares are up 82% year to date as of Wednesday's close. The stock's dividend yield sits at 2.3%.

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 solid stock price performance. 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.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null