3 Technology Stocks Nudging The Sector Higher
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 17,872 as of Tuesday, March 31, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,171 issues advancing vs. 1,802 declining with 173 unchanged.
The Technology sector currently sits down 0.5% versus the S&P 500, which is down 0.4%. Top gainers within the sector include
(
), up 1.9%,
(
), up 1.2%,
Taiwan Semiconductor Manufacturing
(
), up 1.0%,
(
), up 1.0% and
(
), up 0.9%. On the negative front, top decliners within the sector include
(
), down 2.8%,
(
), down 2.4%,
(
), down 2.1%,
(
), down 2.0% and
(
), down 2.0%.
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, 58.com is up $3.18 (6.3%) to $53.73 on heavy volume. Thus far, 863,357 shares of 58.com exchanged hands as compared to its average daily volume of 637,700 shares. The stock has ranged in price between $50.10-$53.86 after having opened the day at $50.40 as compared to the previous trading day's close of $50.55.
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.
58.com Inc. operates online marketplace for local merchants and consumers in the People's Republic of China. Its online marketplace enables local merchants and consumers to connect, share information, and conduct business. 58.Com has a market cap of $4.4 billion and is part of the internet industry. Shares are up 21.7% year-to-date as of the close of trading on Monday. Currently there are no analysts who rate 58.com a buy, 1 analyst rates it a sell, and none rate it a hold.
TheStreet Ratings rates
58.com
as a
. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, unimpressive growth in net income and premium valuation. 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.
2. As of noon trading,
(
) is up $0.88 (3.1%) to $29.60 on average volume. Thus far, 2.9 million shares of Vipshop Holdings Ltd ADR exchanged hands as compared to its average daily volume of 5.8 million shares. The stock has ranged in price between $27.92-$29.67 after having opened the day at $28.46 as compared to the previous trading day's close of $28.72.
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.
Vipshop Holdings Limited, through its subsidiaries, operates as an online discount retailer for various brands in the People's Republic of China. Vipshop Holdings Ltd ADR has a market cap of $16.3 billion and is part of the retail industry. Shares are up 47.0% year-to-date as of the close of trading on Monday. Currently there are 9 analysts who rate Vipshop Holdings Ltd ADR a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Vipshop Holdings Ltd ADR
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full
Vipshop Holdings Ltd ADR Ratings Report
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 $0.99 (2.0%) to $50.88 on average volume. Thus far, 11.7 million shares of Twitter exchanged hands as compared to its average daily volume of 20.6 million shares. The stock has ranged in price between $49.54-$50.97 after having opened the day at $49.61 as compared to the previous trading day's close of $49.89.
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.
Twitter, Inc. operates as a global platform for public self-expression and conversation in real time. Twitter has a market cap of $32.4 billion and is part of the internet industry. Shares are up 39.1% year-to-date as of the close of trading on Monday. Currently there are 14 analysts who rate Twitter a buy, 1 analyst rates it a sell, and 11 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, solid stock price performance and growth in earnings per share. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. 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
(
).
null