International Business Machines Corp (IBM): 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.

International Business Machines ( IBM) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day down 0.8%. By the end of trading, International Business Machines fell $3.30 (-1.7%) to $186.92 on average volume. Throughout the day, 3,872,620 shares of International Business Machines exchanged hands as compared to its average daily volume of 3,666,600 shares. The stock ranged in price between $186.45-$188.94 after having opened the day at $188.87 as compared to the previous trading day's close of $190.22. Other companies within the Computer Hardware industry that declined today were: Interphase ( INPH), down 10.1%, Echelon Corporation ( ELON), down 5.9%, Crossroads Systems ( CRDS), down 4.2% and Hutchinson Technology ( HTCH), down 4.1%.

International Business Machines Corporation provides information technology (IT) products and services worldwide. International Business Machines has a market cap of $208.1 billion and is part of the technology sector. Shares are down 0.8% year to date as of the close of trading on Thursday. Currently there are 11 analysts that rate International Business Machines a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, China TechFaith Wireless Comm Tech ( CNTF), up 12.8%, Video Display Corporation ( VIDE), up 2.9%, M/A-COM Technology Solutions Holdings ( MTSI), up 2.8% and Mad Catz Interactive ( MCZ), up 2.5% , were all gainers within the computer hardware industry with Finisar Corporation ( FNSR) being today's featured computer hardware industry leader.

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.
null

If you liked this article you might like

The Best Companies for Women

Ray Dalio Also Thinks AI Will Be a Killer Just Like Tesla's Elon Musk Does

Toys 'R' Us Bankruptcy Filing a Reminder That Amazon Is Crushing Everyone

3 Tech Setups That Look Tantalizing

Cramer: Nvidia Is More Than Just a Pet Name