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

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.

Hewlett-Packard ( HPQ) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day down 0.3%. By the end of trading, Hewlett-Packard fell $0.46 (-1.8%) to $25.38 on average volume. Throughout the day, 21,007,962 shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 14,615,400 shares. The stock ranged in price between $25.24-$26.04 after having opened the day at $25.93 as compared to the previous trading day's close of $25.84. Other companies within the Computer Hardware industry that declined today were: Key Tronic Corporation ( KTCC), down 13.6%, Acorn Energy ( ACFN), down 9.6%, Universal Display Corporation ( OLED), down 4.1% and Universal Display Corporation ( PANL), down 4.1%.

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 $49.9 billion and is part of the technology sector. Shares are up 81.3% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Hewlett-Packard a buy, 5 analysts rate it a sell, and 12 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 solid stock price performance and good cash flow from operations. 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 positive front, XRS ( XRSC), up 14.2%, Xata Corporation ( XATA), up 14.2%, Mad Catz Interactive ( MCZ), up 5.4% and Overland Storage ( OVRL), up 4.5%.

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).

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