3 Stocks Improving Performance Of 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 87 points (0.5%) at 17,750 as of Monday, Nov. 2, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 2,154 issues advancing vs. 798 declining with 159 unchanged.

The Technology sector currently sits up 1.2% versus the S&P 500, which is up 0.7%. Top gainers within the sector include

MedAssets

(

MDAS

), up 30.0%,

Hewlett-Packard

(

HPQ

), up 12.4%,

JD.com

(

JD

), up 3.0%,

Salesforce.com

(

CRM

), up 2.1% and

Telecom Italia SpA

(

TI.A

), up 2.0%. A company within the sector that fell today was

America Movil SAB de CV

(

AMOV

), up 1.6%.

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

3.

Qualcomm

(

QCOM

) is one of the companies pushing the Technology sector higher today. As of noon trading, Qualcomm is up $0.83 (1.4%) to $60.25 on light volume. Thus far, 2.8 million shares of Qualcomm exchanged hands as compared to its average daily volume of 11.8 million shares. The stock has ranged in price between $59.51-$60.49 after having opened the day at $59.70 as compared to the previous trading day's close of $59.42.

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.

QUALCOMM Incorporated designs, develops, manufactures, and markets digital communications products and services in China, South Korea, Taiwan, and the United States. Qualcomm has a market cap of $94.3 billion and is part of the telecommunications industry. Shares are down 20.1% year-to-date as of the close of trading on Friday. Currently there are 12 analysts who rate Qualcomm a buy, 1 analyst rates it a sell, and 10 rate it a hold.

TheStreet Ratings rates

Qualcomm

as a

hold

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself. Get the full

Qualcomm Ratings Report

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,

Intel

(

INTC

) is up $0.22 (0.6%) to $34.08 on light volume. Thus far, 7.6 million shares of Intel exchanged hands as compared to its average daily volume of 32.8 million shares. The stock has ranged in price between $33.64-$34.28 after having opened the day at $33.73 as compared to the previous trading day's close of $33.86.

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.

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 $160.6 billion and is part of the electronics industry. Shares are down 6.7% year-to-date as of the close of trading on Friday. 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.

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,

Facebook

(

FB

) is up $0.99 (1.0%) to $102.96 on average volume. Thus far, 11.8 million shares of Facebook exchanged hands as compared to its average daily volume of 29.9 million shares. The stock has ranged in price between $101.18-$103.03 after having opened the day at $102.46 as compared to the previous trading day's close of $101.97.

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 $237.0 billion and is part of the internet industry. Shares are up 30.7% year-to-date as of the close of trading on Friday. Currently there are 29 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, expanding profit margins and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full

Facebook Ratings Report

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

Technology Select Sector SPDR

(

XLK

) while those bearish on the technology sector could consider

ProShares Ultra Short Technology

(

REW

).

Loading ...