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 0.7%. By the end of trading, Hewlett-Packard rose $0.55 (1.9%) to $29.36 on light volume. Throughout the day, 8,487,267 shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 14,769,800 shares. The stock ranged in a price between $28.80-$29.49 after having opened the day at $28.91 as compared to the previous trading day's close of $28.81. Other companies within the Technology sector that increased today were: China Digital TV ( STV), up 31.9%, Innovative Solutions and Support ( ISSC), up 21.9%, UBIC Inc ADR ( UBIC), up 19.2% and China BAK Battery ( CBAK), up 15.4%.

Hewlett-Packard Company, together with its subsidiaries, provides 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 $55.3 billion and is part of the computer hardware industry. Shares are up 3.0% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate Hewlett-Packard a buy, 3 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Hewlett-Packard as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins.

On the negative front, Rackspace Hosting ( RAX), down 19.1%, Linktone ( LTON), down 15.7%, Sevcon ( SEV), down 11.8% and OmniVision Technologies ( OVTI), down 8.1% , were all laggards within the technology sector with Seagate Technology ( STX) 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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