Dow Today: Hewlett-Packard (HPQ) Higher

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.

The Dow Jones Industrial Average ( ^DJI) is trading up 14 points at 14,977 as of Friday, Aug 23, 2013, 11:35 a.m. ET. During this time, 274.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 548.4 million. The NYSE advances/declines ratio sits at 1,717 issues advancing vs. 1,202 declining with 96 unchanged.
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The Dow component leading the way higher looks to be Hewlett-Packard (NYSE: HPQ), which is sporting a two-cent gain to $22.24. This single gain is lifting the Dow Jones Industrial Average by 0.15 points or roughly accounting for 1.1% of the Dow's overall gain. Volume for Hewlett-Packard currently sits at nine million shares traded vs. an average daily trading volume of 14.7 million shares.

Hewlett-Packard has a market cap of $48.95 billion and is part of the technology sector and computer hardware industry. Shares are up 78.1% year to date as of Thursday'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 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.

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