3 Stocks Improving Performance Of 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.
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 53 points (0.3%) at 17,715 as of Wednesday, March 11, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,670 issues advancing vs. 1,290 declining with 158 unchanged.
The Technology sector currently sits up 0.3% versus the S&P 500, which is up 0.2%. Top gainers within the sector include
(
), up 5.8%,
(
), up 5.1%,
(
), up 4.6%,
(
), up 4.2% and
Taiwan Semiconductor Manufacturing
(
), up 2.3%. On the negative front, top decliners within the sector include
(
), down 2.6%,
(
), down 2.0%,
(
), down 1.4%,
(
), down 0.7% and
International Business Machines
(
), down 0.5%.
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, Intel is up $0.92 (2.9%) to $32.62 on heavy volume. Thus far, 27.4 million shares of Intel exchanged hands as compared to its average daily volume of 28.7 million shares. The stock has ranged in price between $31.95-$32.96 after having opened the day at $31.97 as compared to the previous trading day's close of $31.70.
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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 $155.0 billion and is part of the electronics industry. Shares are down 12.7% year-to-date as of the close of trading on Tuesday. Currently there are 16 analysts who rate Intel a buy, 4 analysts rate it a sell, and 11 rate it a hold.
TheStreet Ratings rates
Intel
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full
now.
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2. As of noon trading,
(
) is up $2.78 (0.5%) to $562.63 on average volume. Thus far, 988,187 shares of Google exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $556.30-$564.18 after having opened the day at $559.80 as compared to the previous trading day's close of $559.85.
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Google Inc., a technology company, builds products and provides services to organize the information. Google has a market cap of $164.7 billion and is part of the internet industry. Shares are up 5.5% year-to-date as of the close of trading on Tuesday. Currently there are 23 analysts who rate Google a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
as a
. The company's strengths can be seen in multiple areas, such as its increase in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full
now.
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1. As of noon trading,
(
) is up $0.52 (0.7%) to $78.07 on average volume. Thus far, 9.7 million shares of Facebook exchanged hands as compared to its average daily volume of 25.4 million shares. The stock has ranged in price between $77.26-$78.43 after having opened the day at $77.80 as compared to the previous trading day's close of $77.55.
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.
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 $177.7 billion and is part of the internet industry. Shares are down 0.6% year-to-date as of the close of trading on Tuesday. Currently there are 27 analysts who rate Facebook a buy, no analysts rate it a sell, and 2 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, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. 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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