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 2.7%. By the end of trading, Apple rose $10.66 (2.0%) to $546.39 on average volume. Throughout the day, 11,767,966 shares of Apple exchanged hands as compared to its average daily volume of 11,317,900 shares. The stock ranged in a price between $537.66-$546.73 after having opened the day at $538.22 as compared to the previous trading day's close of $535.73. Other companies within the Computer Hardware industry that increased today were: Echelon Corporation ( ELON), up 35.7%, Lantronix ( LTRX), up 29.2%, Hutchinson Technology ( HTCH), up 12.2% and Radisys Corporation ( RSYS), up 10.4%.

Apple Inc. and its wholly-owned subsidiaries design, manufacture, and market mobile communication and media devices, personal computers, and portable digital music players worldwide. Apple has a market cap of $475.7 billion and is part of the consumer goods sector. The company has a P/E ratio of 13.4, below the S&P 500 P/E ratio of 17.7. Shares are down 4.5% year to date as of the close of trading on Monday. Currently there are 28 analysts that rate Apple a buy, no analysts rate it a sell, and 7 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, good cash flow from operations, expanding profit margins and attractive valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Silicon Graphics International ( SGI), down 12.5%, Mad Catz Interactive ( MCZ), down 2.3%, Qumu ( QUMU), down 2.1% and Overland Storage ( OVRL), down 1.9% , were all laggards within the computer hardware industry with Stratasys ( SSYS) 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).

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