3 Stocks Advancing The Technology Sector

TheStreet highlights 3 stocks pushing the technology sector higher today.
By TheStreet Wire ,

All three major indices are trading up today with the

Dow Jones Industrial Average

(

^DJI

) trading up 89 points (0.5%) at 17,572 as of Tuesday, Nov. 17, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,707 issues advancing vs. 1,176 declining with 187 unchanged.

The Technology sector currently sits up 0.5% versus the S&P 500, which is up 0.6%. Top gainers within the sector include

Nuance Communications

(

NUAN

), up 15.8%,

VimpelCom

(

VIP

), up 6.1%,

Micron Technology

(

MU

), up 4.9%,

Telekomunikasi Indonesia (Persero) Tbk

(

TLK

), up 4.1% and

Vipshop Holdings

(

VIPS

), up 4.0%. On the negative front, top decliners within the sector include

SunEdison

(

SUNE

), down 16.4%,

AthenaHealth

(

ATHN

), down 6.6%,

Infosys

(

INFY

), down 4.7% and

America Movil SAB de CV

(

AMOV

), down 1.1%.

TheStreet would like to highlight 3 stocks pushing the sector higher today:

3.

AT&T

(

T

) is one of the companies pushing the Technology sector higher today. As of noon trading, AT&T is up $0.42 (1.3%) to $33.46 on light volume. Thus far, 7.8 million shares of AT&T exchanged hands as compared to its average daily volume of 26.9 million shares. The stock has ranged in price between $33.06-$33.49 after having opened the day at $33.07 as compared to the previous trading day's close of $33.04.

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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 $198.8 billion and is part of the telecommunications industry. Shares are down 1.6% year-to-date as of the close of trading on Monday. Currently there are 13 analysts who rate AT&T a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates

AT&T

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full

AT&T Ratings Report

now.

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2. As of noon trading,

Intel

(

INTC

) is up $0.49 (1.5%) to $32.59 on light volume. Thus far, 7.6 million shares of Intel exchanged hands as compared to its average daily volume of 32.2 million shares. The stock has ranged in price between $32.01-$32.63 after having opened the day at $32.15 as compared to the previous trading day's close of $32.10.

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Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through PC Client Group, Data Center Group, Internet of Things Group, Mobile and Communications Group, Software and Services, and All Other segments. Intel has a market cap of $151.5 billion and is part of the electronics industry. Shares are down 11.6% year-to-date as of the close of trading on Monday. Currently there are 19 analysts who rate Intel a buy, 3 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates

Intel

as a

buy

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, notable return on equity, good cash flow from operations and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full

Intel Ratings Report

now.

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1. As of noon trading,

Facebook

(

FB

) is up $1.28 (1.2%) to $105.32 on average volume. Thus far, 12.2 million shares of Facebook exchanged hands as compared to its average daily volume of 31.0 million shares. The stock has ranged in price between $104.14-$105.67 after having opened the day at $104.62 as compared to the previous trading day's close of $104.04.

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Facebook, Inc. operates as a social networking company worldwide. It provides a set of development tools and application programming interfaces that enable developers to integrate with Facebook to create mobile and Web applications. Facebook has a market cap of $236.0 billion and is part of the internet industry. Shares are up 33.4% year-to-date as of the close of trading on Monday. Currently there are 30 analysts who rate Facebook a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates

Facebook

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, good cash flow from operations, growth in earnings per share and expanding profit margins. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full

Facebook Ratings Report

now.

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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

).

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