Hewlett-Packard Co (HPQ): 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.

Hewlett-Packard ( HPQ) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day up 0.3%. By the end of trading, Hewlett-Packard rose $2.27 (9.1%) to $27.36 on heavy volume. Throughout the day, 52,004,748 shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 15,220,700 shares. The stock ranged in a price between $26.75-$27.68 after having opened the day at $26.82 as compared to the previous trading day's close of $25.09. Other companies within the Computer Hardware industry that increased today were: Lantronix ( LTRX), up 27.0%, Crossroads Systems ( CRDS), up 15.7%, SMART Technologies ( SMT), up 6.2% and Overland Storage ( OVRL), up 5.5%.

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 $48.7 billion and is part of the technology sector. Shares are up 77.7% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Hewlett-Packard a buy, 4 analysts rate it a sell, and 11 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, compelling growth in net income and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, weak operating cash flow and poor profit margins.

On the negative front, OCZ Technology Group ( OCZ), down 74.6%, voxeljet AG ADR ( VJET), down 8.6%, Performance Technologies ( PTIX), down 6.2% and Mad Catz Interactive ( MCZ), down 4.1%.

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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