5 Stocks Pushing The Technology Sector Higher
TheStreet Ratings group would like to highlight 5 stocks pushing the technology sector higher today, Nov. 13, 2012.Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 52 points (0.4%) at 12,867 as of Tuesday, Nov. 13, 2012, 11:54 AM ET. The NYSE advances/declines ratio sits at 1,426 issues advancing vs. 1,481 declining with 120 unchanged. The Technology sector currently sits down 0.1% versus the S&P 500, which is up 0.5%. Top gainers within the sector include Telefonica ( TEF), up 1.7%, AT&T ( T), up 1.4%, BT Group ( BT), up 1.3% and Siemens ( SI), up 0.5%. On the negative front, top decliners within the sector include China Telecom ( CHA), down 2.8%, Telefonica Brasil S.A ( VIV), down 1.5%, China Unicom (Hong Kong ( CHU), down 1.4%, America Movil S.A.B. de C.V ( AMOV), down 0.7% and Intel ( INTC), down 0.6%. TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today: 5. Sap AG ADR ( SAP) is one of the companies pushing the Technology sector higher today. As of noon trading, Sap AG ADR is up $0.72 (1.0%) to $71.87 on average volume Thus far, 473,151 shares of Sap AG ADR exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $71.04-$72.09 after having opened the day at $71.20 as compared to the previous trading day's close of $71.15. SAP AG provides enterprise application software and software-related services worldwide. Sap AG ADR has a market cap of $84.6 billion and is part of the computer software & services industry. The company has a P/E ratio of 18.9, above the S&P 500 P/E ratio of 17.7. Shares are up 34.4% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate Sap AG ADR a buy, 2 analysts rate it a sell, and 12 rate it a hold. TheStreet Ratings rates Sap AG ADR as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Sap AG ADR Ratings Report now.
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