Pfizer Inc. (PFE), Hewlett-Packard Company (HPQ): Are The Year’s Best Dow Jones Industrial Average (.DJI) Stocks Worth Buying?

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The same can’t be said for the Dow Jones Industrial Average (INDEXDJX:.DJI)’s leading gainer of 2013, however. Hewlett-Packard Company (NYSE:HPQ) has surged far ahead of the crowd this year, with shares up 39% year to date. Investors have bought into this company’s turnaround story, happily reaping the rewards as Hewlett-Packard Company (NYSE:HPQ) has embraced a new, diversified future, introducing products such as the Moonshot server in order to reduce its dependency on the PC market.

Hewlett-Packard Company (NYSE:HPQ) is still tied to the PC industry, however, and this market’s fall has been the company’s bane. PC sales cratered by 14% in the first quarter of 2013, according to research firm IDC, and the market’s collapse won’t help Hewlett-Packard Company (NYSE:HPQ) turn its lagging business around any faster. Until Hewlett-Packard Company (NYSE:HPQ) manages to significantly decrease its reliance on PC-related sales and establish a major presence in more promising markets, this stock is a risky play at best. Investors looking for strong, steady blue-chip stocks shouldn’t trust HP’s surprising surge. This is still a company in trouble.

The article Are 2013’s Best Dow Stocks Buys? originally appeared on Fool.com is written by Dan Carroll.

Fool contributor Dan Carroll has no position in any stocks mentioned. The Motley Fool recommends Walt Disney (NYSE:DIS). The Motley Fool owns shares of Walt Disney.

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