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 down 0.5%. By the end of trading, Apple rose $43.02 (8.2%) to $567.77 on heavy volume. Throughout the day, 26,881,340 shares of Apple exchanged hands as compared to its average daily volume of 10,486,800 shares. The stock ranged in a price between $560.73-$570.00 after having opened the day at $568.21 as compared to the previous trading day's close of $524.75. Other companies within the Computer Hardware industry that increased today were: China TechFaith Wireless Comm Tech ( CNTF), up 9.5%, Mad Catz Interactive ( MCZ), up 5.0%, Digi International ( DGII), up 3.3% and Astro-Med ( ALOT), up 3.1%.

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 $474.3 billion and is part of the consumer goods sector. Shares are down 6.5% year to date as of the close of trading on Wednesday. Currently there are 28 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, solid stock price performance, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Silicom ( SILC), down 17.1%, Fusion-io ( FIO), down 10.7%, Logitech International ( LOGI), down 6.9% and Xplore Technologies ( XPLR), down 4.8% , 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).

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