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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 0.2%. By the end of trading, Apple rose $5.86 (1.3%) to $462.54 on average volume. Throughout the day, 9,641,136 shares of Apple exchanged hands as compared to its average daily volume of 12,717,000 shares. The stock ranged in a price between $456.66-$462.85 after having opened the day at $458.01 as compared to the previous trading day's close of $456.68. Other companies within the Computer Hardware industry that increased today were: Silver Spring Networks ( SSNI), up 16.5%, China TechFaith Wireless Comm Tech ( CNTF), up 14.6%, Omnicell ( OMCL), up 6.3% and Dell ( DELL), up 5.6%.

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 $411.1 billion and is part of the consumer goods sector. Shares are down 15.0% year to date as of the close of trading on Thursday. Currently there are 28 analysts that rate Apple a buy, no analysts rate it a sell, and 8 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, Acorn Energy ( ACFN), down 4.9%, Dot Hill Systems Corporation ( HILL), down 4.7%, Immersion Corporation ( IMMR), down 4.6% and Crossroads Systems ( CRDS), down 3.8% , were all laggards within the computer hardware industry with Seagate Technology ( STX) being today's computer hardware industry laggard.

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

Buffett Letter to Shareholders May Detail How He Intends to Spend $109 Billion

Buffett Letter to Shareholders May Detail How He Intends to Spend $109 Billion

Warren Buffett Is Sticking to His Strengths By Selling IBM and Buying More Apple

Warren Buffett Is Sticking to His Strengths By Selling IBM and Buying More Apple

General Mills Buying a Natural Pet Food Company for $8 Billion Makes Sense

General Mills Buying a Natural Pet Food Company for $8 Billion Makes Sense

Apple's HomePod Is No Amazon Echo-Killer, But It Doesn't Need to Be

Apple's HomePod Is No Amazon Echo-Killer, But It Doesn't Need to Be

Watch Jolt: Snapchat's Stock Gets Shredded While GE's CFO Sorta Shines

Watch Jolt: Snapchat's Stock Gets Shredded While GE's CFO Sorta Shines