3 Technology Stocks Moving The Sector Upward
One out of the three major indices are trading lower today with the
Dow Jones Industrial Average
(
^DJI
) trading down 56 points (-0.3%) at 17,863 as of Thursday, July 7, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,647 issues advancing vs. 1,277 declining with 139 unchanged.
The Technology sector currently sits up 0.7% versus the S&P 500, which is unchanged. Top gainers within the sector include
(
), up 9.4%,
(
), up 5.0%,
(
), up 3.1%,
(
), up 3.0% and
(
), up 2.5%. On the negative front, top decliners within the sector include
(
), down 4.4%,
(
), down 3.2%,
(
), down 1.2%,
(
), down 0.9% and
(
), down 0.9%.
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, Broadcom is up $0.92 (0.6%) to $151.55 on light volume. Thus far, 809,192 shares of Broadcom exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $150.14-$153.00 after having opened the day at $150.20 as compared to the previous trading day's close of $150.63.
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Broadcom Limited designs, develops, and supplies a range of analog and digital semiconductor connectivity solutions. Broadcom has a market cap of $61.0 billion and is part of the electronics industry. Shares are up 3.8% year-to-date as of the close of trading on Wednesday. Currently there are 28 analysts who rate Broadcom a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
Broadcom
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 expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full
now.
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2. As of noon trading,
(
) is up $1.20 (0.7%) to $162.76 on average volume. Thus far, 1.4 million shares of Baidu exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $161.61-$165.86 after having opened the day at $162.56 as compared to the previous trading day's close of $161.56.
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Baidu, Inc. provides Internet search services in China and internationally. It operates through Search Services, Transaction Services, and IQiyi segments. Baidu has a market cap of $57.2 billion and is part of the internet industry. Shares are down 14.5% year-to-date as of the close of trading on Wednesday. Currently there are 6 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, notable return on equity, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income. 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.
1. As of noon trading,
(
) is up $0.68 (0.7%) to $96.21 on light volume. Thus far, 13.2 million shares of Apple exchanged hands as compared to its average daily volume of 39.9 million shares. The stock has ranged in price between $95.69-$96.50 after having opened the day at $95.74 as compared to the previous trading day's close of $95.53.
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.
Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players to consumers, small and mid-sized businesses, education, and enterprise and government customers worldwide. Apple has a market cap of $525.2 billion and is part of the consumer durables industry. Shares are down 9.2% year-to-date as of the close of trading on Wednesday. Currently there are 25 analysts who rate Apple a buy, 1 analyst rates it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Apple
as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. We feel its strengths outweigh the fact that the company shows weak operating cash flow. 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
(
).