3 Technology Stocks Driving The Sector Higher
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 29 points (0.2%) at 18,546 as of Friday, July 22, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,820 issues advancing vs. 1,037 declining with 178 unchanged.
The Technology sector currently sits up 0.7% versus the S&P 500, which is up 0.3%. Top gainers within the sector include
(
), up 10.3%,
(
), up 1.9%,
(
), up 1.9%,
(
), up 1.8% and
(
), up 1.8%. A company within the sector that fell today was
(
), up 1.3%.
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, Verizon Communications is up $0.54 (1.0%) to $55.90 on average volume. Thus far, 5.3 million shares of Verizon Communications exchanged hands as compared to its average daily volume of 13.2 million shares. The stock has ranged in price between $55.39-$56.20 after having opened the day at $55.44 as compared to the previous trading day's close of $55.37.
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Verizon Communications Inc., through its subsidiaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Verizon Communications has a market cap of $226.7 billion and is part of the telecommunications industry. Shares are up 19.8% year-to-date as of the close of trading on Thursday. Currently there are 11 analysts who rate Verizon Communications a buy, 1 analyst rates it a sell, and 12 rate it a hold.
TheStreet Ratings rates
Verizon Communications
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, expanding profit margins, growth in earnings per share and increase in net income. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full
Verizon Communications Ratings Report
now.
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2. As of noon trading,
(
) is up $0.26 (0.7%) to $34.52 on average volume. Thus far, 16.6 million shares of Intel exchanged hands as compared to its average daily volume of 22.3 million shares. The stock has ranged in price between $34.26-$34.57 after having opened the day at $34.38 as compared to the previous trading day's close of $34.27.
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Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Software and Services, and All Other segments. Intel has a market cap of $168.5 billion and is part of the electronics industry. Shares are down 0.5% year-to-date as of the close of trading on Thursday. 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
. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, solid stock price performance, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full
now.
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1. As of noon trading,
(
) is up $0.66 (1.6%) to $43.18 on average volume. Thus far, 14.4 million shares of AT&T exchanged hands as compared to its average daily volume of 21.3 million shares. The stock has ranged in price between $42.50-$43.44 after having opened the day at $42.53 as compared to the previous trading day's close of $42.52.
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AT&T Inc. provides telecommunications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. AT&T has a market cap of $262.9 billion and is part of the telecommunications industry. Shares are up 23.6% year-to-date as of the close of trading on Thursday. Currently there are 11 analysts who rate AT&T a buy, no analysts rate it a sell, and 9 rate it a hold.
TheStreet Ratings rates
AT&T
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, 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 generally high debt management risk by most measures that we evaluated. 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
(
).