3 Stocks Boosting The Technology Sector Higher
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.
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 10 points (0.1%) at 17,688 as of Friday, March 27, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,747 issues advancing vs. 1,216 declining with 147 unchanged.
The Technology sector currently is unchanged today versus the S&P 500, which is up 0.1%. Top gainers within the sector include
(
), up 3.1%,
(
), up 2.8%,
(
), up 1.6%,
(
), up 1.4% and
(
), up 1.3%. On the negative front, top decliners within the sector include
(
), down 2.9%,
(
), down 2.9%,
(
), down 2.4%,
Taiwan Semiconductor Manufacturing
(
), down 2.0% and
(
), down 1.5%.
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, Avago Technologies is up $1.14 (0.9%) to $125.85 on average volume. Thus far, 1.1 million shares of Avago Technologies exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $124.85-$127.51 after having opened the day at $124.99 as compared to the previous trading day's close of $124.71.
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Avago Technologies Limited designs, develops, and supplies semiconductor devices with a focus on analog III-V based products. The company operates through four segments: Wireless Communications, Wired Infrastructure, Enterprise Storage, and Industrial & Other segments. Avago Technologies has a market cap of $31.9 billion and is part of the electronics industry. Shares are up 24.0% year-to-date as of the close of trading on Thursday. Currently there are 14 analysts who rate Avago Technologies a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Avago Technologies
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full
Avago Technologies Ratings Report
now.
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2. As of noon trading,
(
) is up $4.59 (4.9%) to $97.63 on heavy volume. Thus far, 6.4 million shares of Skyworks Solutions exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $93.55-$97.89 after having opened the day at $93.59 as compared to the previous trading day's close of $93.04.
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Skyworks Solutions, Inc., together with its subsidiaries, designs, develops, manufactures, and markets analog and mixed signal semiconductors worldwide. Skyworks Solutions has a market cap of $18.2 billion and is part of the electronics industry. Shares are up 28.0% year-to-date as of the close of trading on Thursday. Currently there are 12 analysts who rate Skyworks Solutions a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Skyworks Solutions
as a
. 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, notable return on equity, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full
Skyworks Solutions Ratings Report
now.
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1. As of noon trading,
(
) is up $0.83 (1.9%) to $45.30 on heavy volume. Thus far, 14.3 million shares of Yahoo exchanged hands as compared to its average daily volume of 16.7 million shares. The stock has ranged in price between $45.01-$45.67 after having opened the day at $45.20 as compared to the previous trading day's close of $44.47.
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.
Yahoo! Inc. provides search and display advertising services on Yahoo properties and affiliate sites worldwide. Yahoo has a market cap of $41.4 billion and is part of the internet industry. Shares are down 12.0% year-to-date as of the close of trading on Thursday. Currently there are 19 analysts who rate Yahoo a buy, no analysts rate it a sell, and 8 rate it a hold.
TheStreet Ratings rates
Yahoo
as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels, expanding profit margins and solid stock price performance. 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.
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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