Hewlett-Packard Co (HPQ): Today's Featured Technology 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 Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 0.2%. By the end of trading, Hewlett-Packard rose $0.53 (1.9%) to $28.04 on average volume. Throughout the day, 15,837,087 shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 16,282,600 shares. The stock ranged in a price between $27.51-$28.23 after having opened the day at $27.56 as compared to the previous trading day's close of $27.51. Other companies within the Technology sector that increased today were: InfoSonics Corporation ( IFON), up 52.0%, NII Holdings ( NIHD), up 22.7%, Violin Memory ( VMEM), up 14.3% and IAC/InterActiveCorp ( IACI), up 14.0%.

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 $52.8 billion and is part of the computer hardware industry. The company has a P/E ratio of 10.5, below the S&P 500 P/E ratio of 17.7. Shares are up 93.0% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Hewlett-Packard a buy, 3 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, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and generally higher debt management risk.

On the negative front, Semtech Corporation ( SMTC), down 12.1%, IEC Electronics Corporation ( IEC), down 9.5%, Maxcom Telecomunicaciones S.A.B. de C.V ( MXT), down 8.3% and Overland Storage ( OVRL), down 7.6% , were all laggards within the technology sector with CenturyLink ( CTL) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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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