3 Stocks Pushing The Technology Sector Higher
1. As of noon trading, Google ( GOOG) is up $7.65 (1.1%) to $705.21 on average volume Thus far, 2.0 million shares of Google exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $701.80-$716.48 after having opened the day at $715.92 as compared to the previous trading day's close of $697.56. Google Inc., a technology company, maintains an index of Web sites and other online content for users, advertisers, and Google network members and other content providers. Google has a market cap of $184.6 billion and is part of the internet industry. The company has a P/E ratio of 21.8, above the S&P 500 P/E ratio of 17.7. Shares are up 8.0% year to date as of the close of trading on Wednesday. Currently there are 25 analysts that rate Google a buy, no analysts rate it a sell, and 5 rate it a hold. TheStreet Ratings rates Google as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Google Ratings Report now. EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass If you are interested in one of these 3 stocks, 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). A reminder about TheStreet Ratings group: 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.
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