3 Stocks Pushing The Technology Sector Higher
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 163 points (-0.9%) at 17,539 as of Thursday, Nov. 12, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 691 issues advancing vs. 2,260 declining with 136 unchanged.
The Technology sector currently sits down 0.2% versus the S&P 500, which is down 0.7%. Top gainers within the sector include
Semiconductor Manufacturing International C
(
), up 13.7%,
(
), up 4.2%,
(
), up 4.0%,
(
), up 3.9% and
(
), up 3.4%. On the negative front, top decliners within the sector include
(
), down 2.6%,
(
), down 1.6%,
(
), down 1.5%,
(
), down 1.5% and
(
), down 1.4%.
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, NetEase is up $4.97 (3.3%) to $155.04 on heavy volume. Thus far, 1.8 million shares of NetEase exchanged hands as compared to its average daily volume of 831,700 shares. The stock has ranged in price between $153.10-$159.34 after having opened the day at $158.00 as compared to the previous trading day's close of $150.07.
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NetEase, Inc., through its subsidiaries, operates an interactive online community in the People's Republic of China. The company operates in three segments: Online Game Services; Advertising Services; and E-mail, E-commerce and Others. NetEase has a market cap of $19.2 billion and is part of the internet industry. Shares are up 51.4% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts who rate NetEase a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
NetEase
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, solid stock price performance, growth in earnings per share and attractive valuation levels. We feel its 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 $4.62 (1.8%) to $256.82 on average volume. Thus far, 887,383 shares of LinkedIn exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $249.52-$258.39 after having opened the day at $251.58 as compared to the previous trading day's close of $252.21.
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LinkedIn Corporation, together with its subsidiaries, operates an online professional network worldwide. LinkedIn has a market cap of $29.5 billion and is part of the internet industry. Shares are up 9.8% year-to-date as of the close of trading on Wednesday. Currently there are 23 analysts who rate LinkedIn a buy, no analysts rate it a sell, and 5 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 good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. Get the full
now.
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1. As of noon trading,
(
) is up $0.18 (0.7%) to $28.00 on average volume. Thus far, 11.6 million shares of Cisco Systems exchanged hands as compared to its average daily volume of 27.5 million shares. The stock has ranged in price between $27.72-$28.04 after having opened the day at $27.74 as compared to the previous trading day's close of $27.82.
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Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP) based networking products and services related to the communications and information technology industry worldwide. Cisco Systems has a market cap of $142.3 billion and is part of the computer hardware industry. Shares are up 0.0% year-to-date as of the close of trading on Wednesday. Currently there are 18 analysts who rate Cisco Systems a buy, 2 analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
Cisco Systems
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, increase in net income and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. 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
(
).