3 Stocks Advancing The Technology Sector
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.
Two out of the three major indices are trading lower today with the
Dow Jones Industrial Average
(
^DJI
) trading up 2 points (0.0%) at 17,721 as of Thursday, March 26, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,110 issues advancing vs. 1,827 declining with 181 unchanged.
The Technology sector currently sits down 0.2% versus the S&P 500, which is down 0.1%. Top gainers within the sector include
(
), up 6.6%,
Cognizant Technology Solutions
(
), up 2.1%,
(
), up 1.2%,
(
), up 0.8% and
(
), up 0.7%. On the negative front, top decliners within the sector include
(
), down 4.9%,
(
), down 4.4%,
(
), down 2.8%,
(
), down 2.6% and
(
), down 2.1%.
TheStreet would like to highlight 3 stocks pushing the sector higher today:
3.
(
) is one of the companies pushing the Technology sector higher today. As of noon trading, Red Hat is up $7.70 (11.2%) to $76.15 on heavy volume. Thus far, 6.5 million shares of Red Hat exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $72.28-$76.18 after having opened the day at $72.70 as compared to the previous trading day's close of $68.45.
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Red Hat, Inc. provides open source software solutions to enterprise customers worldwide. It develops and offers operating system, virtualization, middleware, storage, and cloud technologies. Red Hat has a market cap of $12.7 billion and is part of the computer software & services industry. Shares are down 1.0% year-to-date as of the close of trading on Wednesday. Currently there are 19 analysts who rate Red Hat a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Red Hat
as a
. 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, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
2. As of noon trading,
(
) is up $0.42 (1.3%) to $33.04 on average volume. Thus far, 15.2 million shares of AT&T exchanged hands as compared to its average daily volume of 26.0 million shares. The stock has ranged in price between $32.61-$33.13 after having opened the day at $32.63 as compared to the previous trading day's close of $32.62.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
AT&T Inc. provides telecommunications services in the United States and internationally. The company operates through two segments, Wireless and Wireline. AT&T has a market cap of $171.6 billion and is part of the telecommunications industry. Shares are down 2.9% year-to-date as of the close of trading on Wednesday. Currently there are 7 analysts who rate AT&T a buy, no analysts rate it a sell, and 15 rate it a hold.
TheStreet Ratings rates
AT&T
as a
. 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 and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
1. As of noon trading,
(
) is up $0.49 (1.0%) to $49.99 on average volume. Thus far, 15.1 million shares of Twitter exchanged hands as compared to its average daily volume of 20.5 million shares. The stock has ranged in price between $49.40-$50.90 after having opened the day at $49.64 as compared to the previous trading day's close of $49.50.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
Twitter, Inc. operates as a global platform for public self-expression and conversation in real time. Twitter has a market cap of $33.3 billion and is part of the internet industry. Shares are up 38.0% year-to-date as of the close of trading on Wednesday. Currently there are 14 analysts who rate Twitter a buy, 1 analyst rates it a sell, and 11 rate it a hold.
TheStreet Ratings rates
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share and increase in net income. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
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
(
) while those bearish on the technology sector could consider
ProShares Ultra Short Technology
(
).
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