Honorable Mention for Best Performer: Hewlett-Packard
First-Half Return: +70%
The surprising and perhaps confounding rise of Hewlett-Packard (HPQ) continued into the first quarter, as Meg Whitman continues to steer the ship well clear of the rocks and into calmer water. The company continues its transition to an IBM (IBM) -like services model, all while pumping out a small but consistent dividend that yields around 2.50%. I still don’t get it, but I have to hand it to HPQ — well done.