3 Technology Stocks Moving The Sector Upward
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 down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 105 points (-0.6%) at 17,744 as of Wednesday, March 18, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,422 issues advancing vs. 1,524 declining with 171 unchanged.
The Technology sector currently sits up 0.2% versus the S&P 500, which is down 0.3%. Top gainers within the sector include
(
), up 2.5%,
(
), up 1.9%,
(
), up 1.4%,
(
), up 1.4% and
(
), up 1.2%. On the negative front, top decliners within the sector include
(
), down 4.4%,
(
), down 3.8%,
(
), down 3.1%,
(
), down 3.1% and
(
), down 1.2%.
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, Baidu is up $4.44 (2.2%) to $207.70 on average volume. Thus far, 1.9 million shares of Baidu exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $202.20-$208.97 after having opened the day at $202.54 as compared to the previous trading day's close of $203.26.
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Baidu, Inc. provides Internet search services. Baidu has a market cap of $72.0 billion and is part of the internet industry. Shares are down 10.8% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts who rate Baidu a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
Baidu
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full
now.
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2. As of noon trading,
(
) is up $0.30 (0.7%) to $41.99 on average volume. Thus far, 15.1 million shares of Microsoft exchanged hands as compared to its average daily volume of 37.0 million shares. The stock has ranged in price between $41.33-$42.03 after having opened the day at $41.43 as compared to the previous trading day's close of $41.70.
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Microsoft Corporation develops, licenses, markets, and supports software, services, and devices worldwide. The company's Devices and Consumer (D&C) Licensing segment licenses Windows operating system and related software; Microsoft Office for consumers; and Windows Phone operating system. Microsoft has a market cap of $340.9 billion and is part of the computer software & services industry. Shares are down 10.2% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts who rate Microsoft a buy, 2 analysts rate it a sell, and 12 rate it a hold.
TheStreet Ratings rates
Microsoft
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year and expanding profit margins. We feel these 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 $0.70 (0.9%) to $80.06 on heavy volume. Thus far, 19.1 million shares of Facebook exchanged hands as compared to its average daily volume of 24.1 million shares. The stock has ranged in price between $79.17-$80.89 after having opened the day at $79.25 as compared to the previous trading day's close of $79.36.
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 $174.6 billion and is part of the internet industry. Shares are up 1.7% 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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