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 0.9%. By the end of trading, Apple rose $11.21 (2.4%) to $487.96 on average volume. Throughout the day, 11,966,411 shares of Apple exchanged hands as compared to its average daily volume of 13,205,500 shares. The stock ranged in a price between $478.38-$489.14 after having opened the day at $478.45 as compared to the previous trading day's close of $476.75. Other companies within the Computer Hardware industry that increased today were: Dot Hill Systems Corporation ( HILL), up 6.1%, Imation Corporation ( IMN), up 4.9%, Aruba Networks ( ARUN), up 4.7% and OCZ Technology Group ( OCZ), up 4.6%.

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 $444.3 billion and is part of the consumer goods sector. Shares are down 8.1% year to date as of the close of trading on Monday. Currently there are 29 analysts that rate Apple a buy, no analysts rate it a sell, and 9 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, Dataram Corporation ( DRAM), down 8.3%, Universal Display Corporation ( OLED), down 3.6%, Universal Display Corporation ( PANL), down 3.6% and Cray ( CRAY), down 3.2% , were all laggards within the computer hardware industry with Palo Alto Networks ( PANW) 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.
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