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 down today with the

Dow Jones Industrial Average

(

^DJI

) trading down 29 points (-0.2%) at 17,702 as of Tuesday, Nov. 10, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,315 issues advancing vs. 1,646 declining with 122 unchanged.

The Technology sector currently sits down 1.4% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the sector include

LM Ericsson Telephone Company

(

ERIC

), down 6.7%,

Hanwha Q CELLS

(

HQCL

), down 4.8%,

T-Mobile US

(

TMUS

), down 3.7%,

JD.com

(

JD

), down 3.2% and

Nokia Oyj

(

NOK

), down 2.7%.

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

3.

Rackspace Hosting

(

RAX

) is one of the companies pushing the Technology sector higher today. As of noon trading, Rackspace Hosting is up $4.18 (15.4%) to $31.27 on heavy volume. Thus far, 6.4 million shares of Rackspace Hosting exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $28.75-$32.14 after having opened the day at $29.64 as compared to the previous trading day's close of $27.09.

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Rackspace Hosting, Inc., through its subsidiaries, provides cloud computing services and managing Web-based IT systems for small and medium-sized businesses and large enterprises worldwide. Rackspace Hosting has a market cap of $4.0 billion and is part of the computer software & services industry. Shares are down 42.1% year-to-date as of the close of trading on Monday. Currently there are 9 analysts who rate Rackspace Hosting a buy, 2 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates

Rackspace Hosting

as a

hold

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow. Get the full

Rackspace Hosting Ratings Report

now.

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2. As of noon trading,

Baidu

(

BIDU

) is up $1.62 (0.8%) to $195.63 on average volume. Thus far, 2.3 million shares of Baidu exchanged hands as compared to its average daily volume of 4.7 million shares. The stock has ranged in price between $189.55-$196.00 after having opened the day at $193.14 as compared to the previous trading day's close of $194.01.

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Baidu, Inc. provides Internet search services in China and internationally. Baidu has a market cap of $69.2 billion and is part of the internet industry. Shares are down 14.9% year-to-date as of the close of trading on Monday. Currently there are 6 analysts who rate Baidu a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates

Baidu

as a

hold

. 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 expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and a generally disappointing performance in the stock itself. Get the full

Baidu Ratings Report

now.

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1. As of noon trading,

Facebook

(

FB

) is up $0.97 (0.9%) to $107.46 on light volume. Thus far, 10.8 million shares of Facebook exchanged hands as compared to its average daily volume of 30.6 million shares. The stock has ranged in price between $105.24-$107.60 after having opened the day at $105.96 as compared to the previous trading day's close of $106.49.

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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 $242.0 billion and is part of the internet industry. Shares are up 36.5% 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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